Original filing (PDF)20251013111507NAL0002556562004

TEAMSTERS WELFARE FUND OF NORTHERN NEW JERSEY LOCAL 723

Name: TEAMSTERS WELFARE FUND OF NORTHERN NEW JERSEY LOCAL 723 — Form 5500 (2024)
Creator: TEAMSTERS WELFARE FUND OF NORTHERN NEW JERSEY LOCAL 723

Form 5500

FILING_RECEIVED

Health & welfare plan

Signals · 4

28% employer stock~478 bps in Sched C feesNo recordkeeper disclosed14 service providers

Active participants

727

Accounts w/ balance

—

Plan assets (EOY)

$44.6M

Net assets (EOY)

$44.0M

How this plan invests

This plan

189 securities

funds · stocks · CUSIPs

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

Plan health score (directional)

/ 100

Grade B

Above-average plan

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

Compliance & disclosures

100

Concentration risk

Total plan cost

Vendor stack

Participation health

100

Knocking points off

28% of plan in employer / sponsor stock.
478 bps in Schedule C fees — 1549% 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 TEAMSTERS WELFARE FUND OF NORTHERN NEW JERSEY LOCAL 723.

Plan sponsor

Name

TEAMSTERS WELFARE FUND OF NORTHERN NEW JERSEY LOCAL 723

EIN

22-1736275

Address

714 RAHWAY AVENUE · UNION, NJ · 07083

Phone

(908) 688-0723

Industry

Transportation & Warehousingsee all

Plan administrator

Name

TRUSTEES OF TEAMSTERS LOCAL 723 WELFARE FUND

EIN

22-1736275

City

UNION, NJ

Phone

(908) 688-0723

Plan characteristics

Plan number

501

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-13

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4D · Dental

4E · Vision

4G · Prepaid Legal

Audit & trust (Schedule H)

Auditor

BARATZ & ASSOCIATES, P.A.

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

14 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
INSURANCE DESIGN ADMINISTRATORS	13-3155962	—	NONE	$702K	—
EMPIRX	—	MONTVALE, NJ	NONE	$423K	—
DELTA DENTAL OF NEW JERSEY, LLC	22-1896118	—	NONE	$241K	—
JANNEY MONTGOMERY SCOTT	22-1736275	—	NONE	$151K	—
FIRST STATE TRUST COMPANY	13-3124172	—	NONE	$133K	—
RBC WEALTH MANAGEMENT	41-1416330	—	NONE	$133K	—
VANDA NENO	22-1736275	—	EMPLOYEE	$106K	—
MARIA GARATE	22-1736275	—	EMPLOYEE	$76K	—
BARATZ & ASSOCIATES, P.A.	22-2212404	—	NONE	$64K	—
SPECIALIZED COMPUTER RESOURCES INC	—	ALLENDALE, NJ	NONE	$30K	—
JBM COMPUTER CONSULTANTS, INC.	16-1173118	—	NONE	$28K	—
SUMMIT ACTURIAL SERVICES LLC	20-3838633	—	NONE	$20K	—
COMERICA BANK	38-2028794	—	NONE	$18K	—
PERFECT PRINTING SOLUTIONS	47-4140223	—	NONE	$10K	—

Investments

185 direct securities· $43.2M(97% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
PIMCO INCOME FUND I-2 Mutual Funds	—	—	$6.9M	$6.4M	14.4%
US DOLLAR CASH - PRINCIPAL Money Market Fund	—	—	$3.3M	$3.3M	7.3%
WISDOMTREE TR US CORP BOND FD Mutual Funds	—	—	$1.9M	$2.0M	4.4%
INVESCO QQQ TR Mutual Funds	—	—	$1.8M	$1.9M	4.4%
VANGUARD ADMIRAL FDS INC TREASURY MONEY MARKET FUND Money Market Fund	—	—	$1.6M	$1.6M	3.6%
SPDR S&P 500 ETF Mutual Funds	—	—	$1.3M	$1.5M	3.4%
LORD ABBETT INVESTMENT GRADE FLOATING RATE FUND-F Mutual Funds	—	—	$1.4M	$1.4M	3.2%
US DOLLAR CASH RECEIVABLE - PRINCIPAL Money Market Fund	—	—	$913K	$913K	2.0%
APPLE COMPUTER INC Common Stock	—	—	$406K	$767K	1.7%
LORD ABBETT SHORT DURATION Mutual Funds	—	—	$761K	$761K	1.7%
NVIDIA CORP Common Stock	—	—	$186K	$759K	1.7%
MICROSOFT CORP Common Stock	—	—	$415K	$744K	1.7%
LILLY ELI & CO Common Stock	—	—	$723K	$706K	1.6%
MASTERCARD INC Common Stock	—	—	$490K	$691K	1.5%
DREYFUS GOVT CASH MGMT FDS INSTL SHS 289 Money Market Fund	—	—	$643K	$643K	1.4%
AMAZON COM INC Common Stock	—	—	$410K	$605K	1.4%
ALPHABET INC Common Stock	—	—	$430K	$580K	1.3%
MICROSOFT CORP Common Stock	—	—	$523K	$536K	1.2%
UNITED STATES TREAS NTS US Treasury Bond 4.3750% 11/30/28	—	—	$517K	$512K	1.1%
UNITED STATES TREAS NTS US Treasury Bond 4.1250% 02/15/27	—	—	$460K	$463K	1.0%
UNITED STATES TREAS NTS US Treasury Bond 4.5000% 05/15/27	—	—	$456K	$459K	1.0%
APPLE INC Common Stock	—	—	$312K	$439K	1.0%
UNITED STATES TREAS NTS US Treasury Bond 3.7500% 04/15/26	—	—	$410K	$412K	0.9%
US TREASURY NOTE US Treasury Bond 3.8750% 08/15/33	—	—	$373K	$371K	0.8%
SPDR SER TR SPDR BLOOMBERG Mutual Funds	—	—	$370K	$368K	0.8%
UNITED STATES TREAS NTS US Treasury Bond 3.7500% 08/31/26	—	—	$356K	$353K	0.8%
RBC MONEY MARKET OBLIGS TR Money Market Fund	—	—	$338K	$338K	0.8%
BROADCOM INC Common Stock	—	—	$105K	$330K	0.7%
UNITED STATES TREAS NTS US Treasury Bond 4.1250% 03/31/29	—	—	$329K	$329K	0.7%
UNITED STATES TREAS NTS US Treasury Bond 4.6250% 11/15/26	—	—	$328K	$328K	0.7%
META PLATFORMS INC CL A (FB) Common Stock	—	—	$183K	$320K	0.7%
UNITED STATES TREAS NTS US Treasury Bond 4.6250% 09/15/26	—	—	$300K	$301K	0.7%
UNITED STATES TREAS NTS US Treasury Bond 4.0000% 02/15/34	—	—	$309K	$300K	0.7%
GOLDMAN SACHS GROUP INC Common Stock	—	—	$205K	$285K	0.6%
Date, Rate of Interest, Collateral, Par, or * Identity of Issue, Borrower, Lessor, or Similar Party Maturity Value Cost Current Value UNITED STATES TREAS NTS US Treasury Bond 3.6250% 05/15/26	—	—	$276K	$281K	0.6%
UNITED STATES TREAS NTS US Treasury Bond 4.6250% 10/15/26	—	—	$275K	$276K	0.6%
UNITED STATES TREAS NTS US Treasury Bond 4.2500% 06/30/29	—	—	$278K	$275K	0.6%
UNITED STATES TREAS NTS US Treasury Bond 4.1250% 11/15/27	—	—	$275K	$274K	0.6%
UNITED STATES TREAS NTS US Treasury Bond 4.0000% 01/31/29	—	—	$266K	$265K	0.6%
UNITED STATES TREAS NTS US Treasury Bond 3.5000% 09/30/26	—	—	$261K	$262K	0.6%
WAL MART STORES INC Common Stock	—	—	$155K	$250K	0.6%
UNITED STATES TREAS NTS US Treasury Bond 3.2500% 06/30/29	—	—	$239K	$240K	0.5%
AMERICAN EXPRESS CO Common Stock	—	—	$153K	$222K	0.5%
LILLY ELI & CO Common Stock	—	—	$101K	$221K	0.5%
ALLSTATE CORP Common Stock	—	—	$182K	$204K	0.5%
UNITED STATES TREAS NTS US Treasury Bond 4.3750% 07/31/26	—	—	$201K	$200K	0.4%
NVIDIA CORP Common Stock	—	—	$83K	$197K	0.4%
NETFLIX COM INC Common Stock	—	—	$80K	$195K	0.4%
KKR & CO INC Common Stock	—	—	$135K	$179K	0.4%
UNITED STATES TREAS NTS US Treasury Bond 4.6250% 04/30/29	—	—	$174K	$176K	0.4%
COCO COLA CO Common Stock	—	—	$176K	$173K	0.4%
UNITED STATES TREAS NTS US Treasury Bond 3.7500% 05/31/30	—	—	$167K	$167K	0.4%
UNITED STATES TREAS NTS US Treasury Bond 4.1250% 07/31/28	—	—	$162K	$164K	0.4%
T-MOBILE US INC Common Stock	—	—	$111K	$163K	0.4%
TESLA MOTORS Common Stock	—	—	$94K	$163K	0.4%
ABBVIE INC Common Stock	—	—	$144K	$161K	0.4%
RAYTHEON TECHNOLOGIES CORP Common Stock	—	—	$132K	$154K	0.3%
BOSTON SCIENTIFIC CORP Common Stock	—	—	$78K	$151K	0.3%
COSTCO WHOLESALE CORP Common Stock	—	—	$86K	$150K	0.3%
US BANCORP Common Stock	—	—	$150K	$147K	0.3%
UNITED STATES TREAS NTS US Treasury Bond 3.8750% 08/15/34	—	—	$149K	$145K	0.3%
SERVICENOW INC Common Stock	—	—	$88K	$142K	0.3%
CHARLES SCHWAB CORP Common Stock	—	—	$137K	$141K	0.3%
MORGAN STANLEY Common Stock	—	—	$97K	$135K	0.3%
UNITED STATES TREAS NTS US Treasury Bond 3.875% 01/15/26	—	—	$133K	$135K	0.3%
UNITED RENTALS INC Common Stock	—	—	$102K	$133K	0.3%
EXXON MOBIL CORP Common Stock	—	—	$112K	$133K	0.3%
UNITED STATES TREAS NTS US Treasury Bond 4.6250% 02/28/26	—	—	$127K	$128K	0.3%
HOME DEPOT INC Common Stock	—	—	$108K	$124K	0.3%
SALESFORCE.COM Common Stock	—	—	$124K	$122K	0.3%
PIMCO TOTAL RETURN FUND I-2 Mutual Funds	—	—	$142K	$117K	0.3%
PALO ALTO NETWORKS INC Common Stock	—	—	$71K	$108K	0.2%
CONSTELLATION ENERGY CORP Common Stock	—	—	$88K	$102K	0.2%
UNITEDHEALTH GROUP INC Common Stock	—	—	$100K	$98K	0.2%
CHIPOTLE MEXICICAN GRILL Common Stock	—	—	$88K	$97K	0.2%
CROWDSTRIKE HLDGS INC Common Stock	—	—	$81K	$92K	0.2%
UNITED STATES OF AMERICA US Treasury Bond 4.125% 09/30/27	—	—	$91K	$91K	0.2%
CONOCOPHILLIPS Common Stock	—	—	$74K	$90K	0.2%
MCKESSON CORP Common Stock	—	—	$84K	$89K	0.2%
ORACLE CORPORATION Common Stock	—	—	$90K	$88K	0.2%
CITIGROUP INC Corporate Bond 2.014% 01/25/26	—	—	$84K	$85K	0.2%
MCDONALD'S CORP Common Stock	—	—	$74K	$84K	0.2%
UNITED STATES TREAS NTS US Treasury Bond 3.5000% 02/15/33	—	—	$85K	$83K	0.2%
UNITED STATES TREAS NTS US Treasury Bond 3.7500% 08/15/27	—	—	$82K	$81K	0.2%
ADOBE SYSTEMS INC Common Stock	—	—	$89K	$78K	0.2%
UNITED STATES TREAS NTS US Treasury Bond 0.0463% 06/30/26	—	—	$78K	$77K	0.2%
EATON CORP PLC Common Stock	—	—	$65K	$76K	0.2%
ORACLE CORP Corporate Bond 5.800% 11/10/25	—	—	$73K	$73K	0.2%
VERTIV HOLDINGS CO Common Stock	—	—	$47K	$62K	0.1%
PNC FINL SVCS GROUP INC Corporate Bond 5.4920% 05/14/30	—	—	$60K	$60K	0.1%
US BANCORP Corporate Bond 5.3840% 01/23/30	—	—	$60K	$59K	0.1%
GOLDMAN SACHS Corporate Bond 0.0648% 10/24/29	—	—	$57K	$58K	0.1%
ABBVIE INC Corporate Bond 2.950% 11/21/26	—	—	$56K	$57K	0.1%
UNITED STATES TREAS NTS US Treasury Bond 2.0000% 02/15/25	—	—	$56K	$56K	0.1%
VERIZON COMMUNICATIONS Corporate Bond 4.125% 03/16/27	—	—	$54K	$54K	0.1%
AMERICAN EXPRESS CO Corporate Bond 5.850% 11/05/27	—	—	$54K	$54K	0.1%
ENERGY TRANSFER LP Corporate Bond 6.4000% 12/01/30	—	—	$52K	$53K	0.1%
CITIGROUP INC Corporate Bond 6.1740% 05/25/34	—	—	$52K	$52K	0.1%
MICRON TECHNOLOGY INC. Common Stock	—	—	$52K	$51K	0.1%
WELLS FARGO CO Corporate Bond 5.1980% 01/23/30	—	—	$51K	$51K	0.1%
KINDER MORGAN INC DEL Corporate Bond 5.000% 02/01/29	—	—	$51K	$51K	0.1%
CITIGROUP INC Corporate Bond 2.572% 06/03/31	—	—	$59K	$51K	0.1%
MARTIN MARIETTA MATLS INC Common Stock	—	—	$35K	$50K	0.1%
TRUST FINL CORP Corporate Bond 01/24/30	—	—	$49K	$50K	0.1%
GOLDMAN SACHS GROUP INC Corporate Bond 3.1020% 02/24/33	—	—	$51K	$49K	0.1%
UNITEDHEALTH GRP Corporate Bond 4.8000% 01/15/30	—	—	$50K	$49K	0.1%
TRUIST FINL C Corporate Bond 0.0605% 06/08/27	—	—	$48K	$49K	0.1%
JP MORGAN CHASE Corporate Bond 1.045% 11/19/26	—	—	$49K	$48K	0.1%
DATADOG INC Common Stock	—	—	$37K	$47K	0.1%
BANK OF AMERICA CORP Corporate Bond 2.572% 10/20/32	—	—	$44K	$47K	0.1%
BK AMER CO BK AMER CO 5.9330% 09/15/27	—	—	$46K	$47K	0.1%
JP MORGAN CHASE & CO Corporate Bond 4.080% 04/26/26	—	—	$45K	$46K	0.1%
CITIGROUP INC Corporate Bond 3.070% 02/24/28	—	—	$43K	$45K	0.1%
AT&T INC Corporate Bond 1.700% 03/25/26	—	—	$45K	$44K	<0.1%
AIR PRODS & CHEMS INC Common Stock	—	—	$49K	$44K	<0.1%
BROADCOM INC Corporate Bond 5.0500% 07/12/27	—	—	$43K	$43K	<0.1%
AMGEN INC Corporate Bond 5.150% 03/02/28	—	—	$42K	$43K	<0.1%
CITIGROUP INC Corporate Bond 1.122% 01/28/27	—	—	$40K	$43K	<0.1%
GENERAL MTRS FINL CO INC Corporate Bond 5.8000% 06/23/28	—	—	$42K	$43K	<0.1%
GOLDMAN SACHS GROUP INC Corporate Bond 1.9480% 10/21/27	—	—	$40K	$43K	<0.1%
DUPONT DE NEMOURS INC Common Stock	—	—	$46K	$42K	<0.1%
UNITED STATES TREAS NTS US Treasury Bond 0.0425% 12/31/25	—	—	$41K	$41K	<0.1%
GOLDMAN SACHS GROUP INC Corporate Bond 3.8140% 04/23/29	—	—	$40K	$40K	<0.1%
VMWARE INC Corporate Bond 3.900% 08/21/27	—	—	$38K	$39K	<0.1%
CAP ONE FINL CORP Corporate Bond 6.312% 06/08/29	—	—	$36K	$38K	<0.1%
WELLS FARGO & Corporate Bond 07/25/29	—	—	$37K	$38K	<0.1%
NEXTERA ENERGY CAP HLDGS Corporate Bond 0.0605% 03/01/25	—	—	$37K	$37K	<0.1%
CNA FINL CORP Corporate Bond 4.500% 03/01/26	—	—	$38K	$37K	<0.1%
TRUIST FINL CORP Corporate Bond 7.1610% 10/30/29	—	—	$36K	$36K	<0.1%
BK OF AMERICA CORP Corporate Bond 1.734% 07/22/27	—	—	$34K	$36K	<0.1%
SOUTHERN CO Corporate Bond 3.250% 07/01/26	—	—	$35K	$35K	<0.1%
BOEING CO Corporate Bond 2.196% 02/04/26	—	—	$35K	$34K	<0.1%
VIATRIS INC Corporate Bond 2.700% 06/22/30	—	—	$32K	$32K	<0.1%
REALTY INCOME CORP Corporate Bond 4.000% 07/15/29	—	—	$34K	$32K	<0.1%
BROADCOM INC Corporate Bond 4.3500% 02/15/30	—	—	$32K	$31K	<0.1%
WELLS FARGO CO Corporate Bond 2.393% 06/02/28	—	—	$33K	$31K	<0.1%
WELLS FARGO CO Corporate Bond 4.8080% 07/25/28	—	—	$31K	$31K	<0.1%
CAPITAL ONE FINL CORP Corporate Bond 2.359% 07/29/32	—	—	$30K	$31K	<0.1%
CITIGROUP INC Corporate Bond 3.980% 03/20/30	—	—	$28K	$31K	<0.1%
CENTENE CORP DEL Corporate Bond 4.625% 12/15/29	—	—	$36K	$30K	<0.1%
CNO FINL CORP Corporate Bond 5.250% 05/30/29	—	—	$32K	$30K	<0.1%
DUKE ENERGY CORP NEW Corporate Bond 5.750% 09/15/33	—	—	$28K	$29K	<0.1%
KINDER MORGAN INC DEL Corporate Bond 5.2000% 06/01/33	—	—	$28K	$28K	<0.1%
DUKE ENERGY CORP NEW Corporate Bond 3.4000% 06/15/29	—	—	$29K	$28K	<0.1%
BANK OF NOVA SCOTIA Corporate Bond 4.500% 12/16/25	—	—	$27K	$28K	<0.1%
AIR LEASE CORP Corporate Bond 5.2000% 07/15/31	—	—	$28K	$28K	<0.1%
EPR PROPERTIES Corporate Bond 3.750% 08/15/29	—	—	$29K	$26K	<0.1%
MICROCHIP TECHNOLOGY INC Corporate Bond 4.9000% 03/15/28	—	—	$26K	$26K	<0.1%
CITI GROUP INC Corporate Bond 6.125% 03/09/28	—	—	$28K	$26K	<0.1%
CORPORATE OFFICE PPTYS L P Corporate Bond 2.7500% 04/15/31	—	—	$30K	$26K	<0.1%
REGIONS FINANCIAL CORP NEW Corporate Bond 5.7220% 06/06/30	—	—	$25K	$25K	<0.1%
JP MORGAN CHASE BANK NA Corporate Bond 3.540% 05/01/28	—	—	$25K	$25K	<0.1%
T MOBILE USA INC Corporate Bond 3.750% 04/15/27	—	—	$24K	$24K	<0.1%
AON NORTH AMERICA INC Corporate Bond 5.1500% 03/01/29	—	—	$24K	$24K	<0.1%
PRIMERICA INC Corporate Bond 2.800% 11/19/31	—	—	$28K	$24K	<0.1%
HCA INC Corporate Bond 4.500% 02/15/27	—	—	$25K	$23K	<0.1%
VERTEX PHARMACEUTICALS INC Common Stock	—	—	$20K	$23K	<0.1%
AIR LEASE CORP Corporate Bond 1.8750% 08/15/26	—	—	$21K	$22K	<0.1%
CNH INDUSTRIAL CAPITAL LLC Corporate Bond 1.450% 07/15/26	—	—	$23K	$22K	<0.1%
CORPORATE OFFICE PPTYS L P Corporate Bond 2.9000% 12/01/33	—	—	$21K	$22K	<0.1%
DELL INTL Corporate Bond 5.400% 04/15/34	—	—	$21K	$21K	<0.1%
HCA INC Corporate Bond 5.875% 02/01/29	—	—	$20K	$20K	<0.1%
KIMCO REALTY CORP Corporate Bond 4.600% 02/01/33	—	—	$19K	$20K	<0.1%
MICRON TECHNOLOGY, INC Corporate Bond 6.7500% 11/01/29	—	—	$20K	$19K	<0.1%
T MOBILE USA INC Corporate Bond 3.8750% 04/15/30	—	—	$19K	$19K	<0.1%
RADIAN GROUP INC Corporate Bond 6.2000% 05/15/29	—	—	$18K	$18K	<0.1%
US BANCORP Corporate Bond 5.8360% 06/12/34	—	—	$19K	$18K	<0.1%
CAP ONE FINL Corporate Bond 4.985% 07/24/26	—	—	$18K	$18K	<0.1%
JBS USA LUX Corporate Bond 3.6250% 01/15/32	—	—	$18K	$18K	<0.1%
TORONTO DOMINION Corporate Bond 5.1460% 09/10/34	—	—	$18K	$18K	<0.1%
SABINE PASS LIQUEFACTION LLC Corporate Bond 4.500% 05/15/30	—	—	$20K	$17K	<0.1%
EQUIFAX INC Corporate Bond 5.1000% 12/15/27	—	—	$17K	$17K	<0.1%
MYLAN NV Corporate Bond 3.950% 06/15/26	—	—	$18K	$17K	<0.1%
HEWLETT PACKARD ENTERPRISE Corporate Bond 4.5500% 10/15/29	—	—	$17K	$17K	<0.1%
Date, Rate of Interest, Collateral, Par, or * Identity of Issue, Borrower, Lessor, or Similar Party Maturity Value Cost Current Value KYNDRYL HOLDINGS Corporate Bond 3.1500% 10/15/31	—	—	$15K	$16K	<0.1%
STATE STR CORP Corporate Bond 3.1520% 03/30/31	—	—	$15K	$16K	<0.1%
LPL HOLDINGS INC Corporate Bond 5.7000% 05/20/27	—	—	$15K	$15K	<0.1%
RENAISSANCERE FINANCE INC Corporate Bond 3.7000% 04/01/25	—	—	$15K	$15K	<0.1%
FORD MTR CO Corporate Bond 6.1000% 08/19/32	—	—	$15K	$15K	<0.1%
ENTERGY LA LLC Corporate Bond 5.1500% 09/15/34	—	—	$14K	$14K	<0.1%
CNO FINL CORP Corporate Bond 6.450% 06/15/34	—	—	$12K	$12K	<0.1%
SOUTHWESTERN ENERGY Corporate Bond 4.7500% 02/01/32	—	—	$13K	$12K	<0.1%
DTE ENERGY CO Corporate Bond 4.9500% 07/01/27	—	—	$12K	$12K	<0.1%
ORACLE CORP Corporate Bond 2.300% 03/25/28	—	—	$12K	$12K	<0.1%
GENERAL MTRS FINL CO INC Corporate Bond 5.7500% 02/08/31	—	—	$8K	$8K	<0.1%