Original filing (PDF)20251010112754NAL0007609745002

BOARD OF TRUSTEES TEAMSTERS LOCAL NO 469 WELFARE FUND

Name: BOARD OF TRUSTEES TEAMSTERS LOCAL NO 469 WELFARE FUND — TEAMSTERS LOCAL NO. 469 WELFARE PLAN, Form 5500 (2024)
Creator: BOARD OF TRUSTEES TEAMSTERS LOCAL NO 469 WELFARE FUND

Form 5500

FILING_RECEIVED

TEAMSTERS LOCAL NO. 469 WELFARE PLAN

Health & welfare plan

Signals · 3

~339 bps in Sched C feesNo recordkeeper disclosed14 service providers

Active participants

632

Accounts w/ balance

—

Plan assets (EOY)

$19.9M

Net assets (EOY)

$18.9M

How this plan invests

This plan

147 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 100

Grade A

Top-tier plan health

Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.

Compliance & disclosures

100

Concentration risk

100

Total plan cost

Vendor stack

Participation health

100

Knocking points off

339 bps in Schedule C fees — 1070% above peer band of 29 bps.
No recordkeeper disclosed on Schedule C.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES TEAMSTERS LOCAL NO 469 WELFARE FUND.

Plan sponsor

Name

BOARD OF TRUSTEES TEAMSTERS LOCAL NO 469 WELFARE FUND

EIN

22-1552880

Address

3400 ROUTE 35, SUITE 8 · HAZLET, NJ · 07730

Phone

(732) 264-9000

Industry

Transportation & Warehousingsee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

501

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-10

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4D · Dental

4E · Vision

Audit & trust (Schedule H)

Auditor

MSPC CERTIFIED PUBLIC ACCOUNTANTS &

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

14 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
HORIZON HEALTHCARE SERVICES	22-0999690	—	NONE	$177K	—
INNOVATIVE SOFTWARE SOLUTIONS, INC.	23-2182079	—	NONE	$99K	—
FABIAN & BYRN LLC	25-1914887	—	NONE	$59K	—
MSPC	22-2951202	—	ACCT FOR LOCAL 469	$57K	—
ACRISURE	26-3554645	—	NONE	$56K	—
CATHERINE SOMA	22-1552880	—	EMPLOYEE	$55K	—
CHARTWELL INVESTMENT PARTNERS, LP	36-4776242	—	NONE	$45K	—
KROLL HEINEMAN PTASIEWICZ & PARSONS	76-0760981	—	ATTY FOR LOCAL 469	$32K	—
DELTA DENTAL OF NJ, INC.	22-1896118	—	NONE	$26K	—
O'SULLIVAN ASSOCIATES, INC	20-8199367	—	NONE	$21K	—
IRON MOUNTAIN	—	FREEHOLD, NJ	NONE	$15K	—
OPTUMRX, INC.	33-0441200	—	NONE	$14K	—
TOBIA & LOVELACE	20-2110835	—	NONE	$11K	—
INVESTMENT PERFORMANCE SERVICES LLC	33-0123114	—	NONE	$10K	—

Investments

147 direct securities· $14.1M(71% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
Boyd Watterson GSA Fund, LP	—	—	$2.1M	$2.1M	10.3%
First Am Govt OB FD CL Z	—	—	$549K	$549K	2.8%
U S Treasury 0.38% 11/30/25	—	—	$288K	$299K	1.5%
U S Treasury 1.13% 08/31/28	—	—	$276K	$285K	1.4%
U S Treasury 2.13% 05/15/25	—	—	$265K	$273K	1.4%
U S Treasury 1.50% 01/31/27	—	—	$245K	$251K	1.3%
U S Treasury 2.38% 05/15/27	—	—	$243K	$249K	1.3%
U S Treasury 4.13% 09/30/27	—	—	$202K	$199K	1.0%
U S Treasury 1.63% 09/30/26	—	—	$190K	$191K	1.0%
U S Treasury 2.63% 03/31/25	—	—	$177K	$179K	0.9%
Crown Amer Cap Corp 4.75% 02/01/26	—	—	$159K	$153K	0.8%
Fortress Trans L P 5.50% 05/01/28	—	—	$148K	$152K	0.8%
Xpo Inc 6.25% 06/01/28	—	—	$151K	$151K	0.8%
Jazz Securities 4.38% 01/15/29	—	—	$148K	$151K	0.8%
Prime Sec Svcs 5.75% 04/15/26	—	—	$148K	$150K	0.8%
Vistra Operations Co 5.50% 09/01/26	—	—	$146K	$150K	0.8%
Vici Properties 4.25% 12/01/26	—	—	$144K	$148K	0.7%
International Game 6.25% 01/15/27	—	—	$146K	$146K	0.7%
Sunoco LP 6.00% 04/15/27	—	—	$152K	$145K	0.7%
Sirius Xm 3.13% 09/01/26	—	—	$135K	$144K	0.7%
Kinetik Hldgs 6.63% 12/15/28	—	—	$141K	$143K	0.7%
Albertsons Cos Inc 3.25% 03/15/26	—	—	$133K	$141K	0.7%
U S Treasury 4.63% 02/28/26	—	—	$140K	$141K	0.7%
Centene Corp 4.25% 12/15/27	—	—	$135K	$140K	0.7%
Western L P 3.10% 02/01/25	—	—	$142K	$140K	0.7%
Teva Pharmaceuticals 3.15% 10/01/26	—	—	$131K	$139K	0.7%
SBA Communication 3.88% 02/15/27	—	—	$151K	$139K	0.7%
Hillenbrand Inc 5.00% 09/15/26	—	—	$157K	$139K	0.7%
Western Digita Corp 4.75% 02/15/26	—	—	$154K	$139K	0.7%
Hilton Worldwide FN 4.88% 04/01/27	—	—	$145K	$138K	0.7%
Boyd Gaming Corp 4.75% 12/01/27	—	—	$133K	$135K	0.7%
Chater Comm 4.91% 07/23/25	—	—	$136K	$135K	0.7%
U S Treasury 3.13% 08/15/25	—	—	$124K	$124K	0.6%
American Express Co 6.34% 10/30/26	—	—	$120K	$121K	0.6%
U S Treasury 0.13% 04/15/27	—	—	$117K	$118K	0.6%
U S Treasury 3.50% 01/31/28	—	—	$118K	$117K	0.6%
Advantage Loyalty 5.44% 04/20/26	—	—	$111K	$116K	0.6%
Philip Morris Intl 4.88% 02/13/29	—	—	$114K	$115K	0.6%
U S Treasury 4.13% 10/31/26	—	—	$115K	$115K	0.6%
United Rentals 5.50% 05/15/27	—	—	$117K	$113K	0.6%
Aercap 1.75% 01/30/26	—	—	$106K	$106K	0.5%
Wyndham 6.63% 07/31/26	—	—	$105K	$106K	0.5%
Royal Bk Cda 4.51% 10/18/27	—	—	$105K	$105K	0.5%
Ichan Enterprise 5.25% 05/15/27	—	—	$97K	$99K	0.5%
Phinia Inc 7.16% 04/15/29	—	—	$96K	$97K	0.5%
Hewlert Packard 1.75% 04/01/26	—	—	$100K	$96K	0.5%
ESAB 6.46% 04/15/29	—	—	$95K	$96K	0.5%
Under Armour 3.25% 06/15/26	—	—	$99K	$92K	0.5%
GLP Capital LP Fin 5.25% 06/01/25	—	—	$96K	$90K	0.5%
MacQuarie 8.38% 05/01/28	—	—	$87K	$89K	0.4%
Hat Hlds I 8.00% 06/15/27	—	—	$83K	$83K	0.4%
Ggam Fin Ltd 7.75% 05/15/26	—	—	$80K	$81K	0.4%
Transdigm Inc 6.75% 08/15/28	—	—	$81K	$81K	0.4%
Tenet Healthcare 4.25% 06/01/29	—	—	$79K	$80K	0.4%
Clearway Comm 4.75% 03/15/28	—	—	$78K	$77K	0.4%
U S Treasury 3.25% 06/30/29	—	—	$78K	$76K	0.4%
Herc Hldgs Inc 6.63% 06/15/29	—	—	$76K	$76K	0.4%
Tegna Inc 4.63% 03/15/28	—	—	$74K	$76K	0.4%
SLM Corp Sr 4.20% 10/29/25	—	—	$78K	$74K	0.4%
Wesco Distr 6.38% 03/15/29	—	—	$70K	$71K	0.4%
F H L B Deb 1.00% 03/23/26	—	—	$73K	$70K	0.4%
Starwood Property 4.75% 03/15/25	—	—	$74K	$70K	0.4%
Penske Automotive 3.50% 09/01/25	—	—	$72K	$69K	0.3%
Herc Hldgs Inc 5.50% 07/15/27	—	—	$70K	$69K	0.3%
Tenet Healthcare 5.13% 11/01/27	—	—	$69K	$69K	0.3%
Hat Hlds I 3.38% 06/15/26	—	—	$65K	$68K	0.3%
Oracle Corp 4.20% 09/27/29	—	—	$70K	$68K	0.3%
Tallgrass Nrg 5.50% 01/15/28	—	—	$67K	$67K	0.3%
SLMATN 3.13% 11/02/26	—	—	$68K	$67K	0.3%
Caterpillar Finl Mtn 5.00% 05/14/27	—	—	$65K	$66K	0.3%
Hca Inc 5.20% 06/01/28	—	—	$65K	$65K	0.3%
Warnermedia Hldgs 6.41% 03/15/26	—	—	$65K	$65K	0.3%
Jpmorgan Chase Co 2.60% 02/24/26	—	—	$65K	$65K	0.3%
JBS USA Lux S 5.13% 02/01/28	—	—	$65K	$65K	0.3%
Park Inter Hldgs L P 5.88% 10/01/28	—	—	$64K	$63K	0.3%
Ggam Fin Ltd 8.00% 02/15/27	—	—	$61K	$62K	0.3%
Gatx Corp 5.40% 03/15/27	—	—	$60K	$61K	0.3%
Tallgrass 7.38% 02/15/29	—	—	$60K	$60K	0.3%
Blackrock Funding 4.60% 07/26/27	—	—	$60K	$60K	0.3%
Transdigm Inc 6.38% 03/01/29	—	—	$60K	$60K	0.3%
Royal Bk Cda 4.52% 10/18/28	—	—	$60K	$60K	0.3%
Accenture 3.90% 10/04/27	—	—	$60K	$59K	0.3%
Virginia Elec 3.50% 03/15/27	—	—	$58K	$58K	0.3%
Starwood Ppty 4.38% 01/15/27	—	—	$58K	$58K	0.3%
Genting New 7.25% 10/01/29	—	—	$55K	$57K	0.3%
Morgan Stanley Sr 5.66% 04/18/30	—	—	$57K	$56K	0.3%
Georgia Pwr 5.00% 02/23/27	—	—	$55K	$55K	0.3%
F H L B Deb 4.50% 07/26/27	—	—	$55K	$55K	0.3%
Owl Rock Capital 4.00% 03/30/25	—	—	$57K	$55K	0.3%
Simon Property Group 3.50% 09/01/25	—	—	$59K	$55K	0.3%
Jpmorgan Chase Co 1.04% 02/04/27	—	—	$55K	$53K	0.3%
Onemain Fin Corp 3.50% 01/15/27	—	—	$51K	$52K	0.3%
Park Inter L P 4.88% 05/15/29	—	—	$51K	$52K	0.3%
Simon Ppty Group 1.38% 01/15/27	—	—	$55K	$52K	0.3%
Springleaf Finance 7.13% 03/15/26	—	—	$51K	$51K	0.3%
Dell Intl LLC 5.25% 02/01/28	—	—	$50K	$51K	0.3%
Goldman Sachs Bk 5.28% 03/18/27	—	—	$50K	$50K	0.3%
Duke Energy 5.00% 12/08/25	—	—	$50K	$50K	0.3%
Onemain Fin Corp 3.88% 09/15/28	—	—	$46K	$46K	0.2%
Amgen Inc 5.15% 03/02/28	—	—	$45K	$45K	0.2%
U S Treasury 0.63% 05/15/30	—	—	$45K	$45K	0.2%
Bank of America Mt 6.22% 02/05/26	—	—	$45K	$45K	0.2%
GLP Capital LP Fin 5.38% 04/15/26	—	—	$45K	$45K	0.2%
Texas Instruments 1.38% 03/12/25	—	—	$45K	$45K	0.2%
Well Fargo 5.71% 04/22/28	—	—	$40K	$42K	0.2%
Bank of America Mtn 6.20% 11/10/28	—	—	$42K	$41K	0.2%
Marrior Intl Inc 5.45% 09/15/26	—	—	$40K	$41K	0.2%
Blackrock Funding 4.70% 03/14/29	—	—	$40K	$40K	0.2%
Advantage Loyalty 5.75% 04/20/29	—	—	$39K	$40K	0.2%
Ares Capital 3.25% 07/15/25	—	—	$40K	$40K	0.2%
Du Pont E I 1.70% 07/15/25	—	—	$40K	$39K	0.2%
Simon Ppty 2.20% 02/07/28	—	—	$35K	$38K	0.2%
Brinks Co 6.50% 06/15/29	—	—	$35K	$35K	0.2%
PNC Finl SVCS 5.30% 01/21/28	—	—	$35K	$35K	0.2%
FMC Corp 5.15% 05/18/26	—	—	$35K	$35K	0.2%
Morgan Stanley Mtn 2.19% 04/28/26	—	—	$35K	$35K	0.2%
Goldman Sachs Group 3.50% 11/16/26	—	—	$39K	$34K	0.2%
U S Treasury 0.75% 05/31/26	—	—	$33K	$33K	0.2%
F C B Deb 1.19% 07/07/27	—	—	$35K	$32K	0.2%
Wyndham Worldwide 6.60% 10/01/25	—	—	$32K	$30K	0.2%
Citibank N A 4.88% 11/19/27	—	—	$30K	$30K	0.2%
U S Treasury 1.75% 01/15/28	—	—	$40K	$30K	0.2%
Ichan Enterprise 6.25% 05/15/26	—	—	$29K	$30K	0.1%
Morgan Stanley Mtn 4.21% 04/20/28	—	—	$29K	$30K	0.1%
Comcast Corp 4.15% 10/15/28	—	—	$29K	$29K	0.1%
Ctitgroup Inc 3.20% 10/21/26	—	—	$29K	$29K	0.1%
U S Treasury 1.50% 08/15/26	—	—	$28K	$29K	0.1%
Oracle Corp 5.80% 11/10/25	—	—	$25K	$25K	0.1%
Citibank N A 5.44% 04/30/26	—	—	$25K	$25K	0.1%
General Mtrs 5.40% 04/06/26	—	—	$25K	$25K	0.1%
F C B Deb 4.47% 06/22/28	—	—	$25K	$25K	0.1%
Jefferies Financial 5.88% 07/21/28	—	—	$25K	$25K	0.1%
F H L B Deb 3.50% 04/26/27	—	—	$25K	$25K	0.1%
Hewlett Packard 4.55% 10/15/29	—	—	$25K	$24K	0.1%
F H L B Deb 2.75% 03/25/27	—	—	$25K	$24K	0.1%
F H L B Deb 1.90% 02/17/27	—	—	$25K	$24K	0.1%
Disney Walt CoSr Nt 1.75% 01/13/26	—	—	$20K	$19K	<0.1%
F H L B Deb 1.15% 10/26/26	—	—	$20K	$19K	<0.1%
Tallgrass Nrg 6.00% 03/01/27	—	—	$15K	$15K	<0.1%
Cleveland Cliffs Inc 6.88% 11/01/29	—	—	$15K	$15K	<0.1%
Jpmoargan Chase Co 4.45% 12/05/29	—	—	$15K	$15K	<0.1%
Bank of Montreal Mtn 0.95% 01/22/27	—	—	$15K	$14K	<0.1%
MacQuarie Airfinance 6.40% 03/26/29	—	—	$10K	$10K	<0.1%
Hilton Domestic 5.38% 05/01/25	—	—	$10K	$10K	<0.1%
Teva Pharmaceuticals 6.75% 03/01/28	—	—	$5K	$5K	<0.1%
Ccg Receivables 0.54% 03/14/29	—	—	$5K	$5K	<0.1%
Teva Pharmaceuticals 4.75% 05/09/27	—	—	$5K	$5K	<0.1%