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Original filing (PDF)20251010114306NAL0004562483001
IBEW LOCAL UNION 269 ANNUITY FUND
Form 5500
FILING_RECEIVED
IBEW LOCAL UNION 269 ANNUITY FUND
Defined-contribution retirement plan
Signals · 3
27% in single holdingNo recordkeeper disclosed15 service providers
Active participants
989
Accounts w/ balance
1,911
Plan assets (EOY)
$298.1M
Net assets (EOY)
$297.3M
How this plan invests
This plan
24 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
87
/ 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
87
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Prudential Guaranteed Income Fund" is 27% of plan.
- 20 bps in Schedule C fees — 101% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for IBEW LOCAL UNION 269 ANNUITY FUND.
Plan sponsor
Name
IBEW LOCAL UNION 269 ANNUITY FUND
EIN
22-2393763
Address
C/O I.E. SHAFFER CO · 830 BEAR TAVERN ROAD, PO BOX 1028 · WEST TRENTON, NJ · 086280230
Phone
(609) 394-8129
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Name
I.E. SHAFFER & CO.
EIN
22-1750854
City
WEST TRENTON, NJ
Phone
(800) 792-3666
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-10
Pension benefit codes
2G · Total participant-directed accounts
Audit & trust (Schedule H)
Auditor
MSPC CERTIFIED PUBLIC ACCOUNTANTS &
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
15 rowsOther
15| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| METROPOLITIAN LIFE INSURANCE CO | 13-5581829 | — | NONE | $242K | — |
| I.E. SHAFFER | 22-1750854 | — | NONE | $197K | — |
| EMPOWER ANNUITY INSURANCE COMPANY | — | GREENWOOD VILLAGE, CO | NONE | $45K | — |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | 22-2951202 | — | NONE | $41K | — |
| PFM ADVISORS | 22-2393763 | — | NONE | $30K | — |
| PELLETTIERI, RABSTEIN & ALTMAN | 22-2353673 | — | NONE | $28K | — |
| PRUDENTIAL INSURANCE COMPANY OF AME | 22-1211670 | — | — | $15K | — |
| PRUDENTIAL INVESTMENT MANAGEMENT SV | 37-1610226 | — | NONE | $0 | — |
| DODGE & COX | 25-6201104 | — | NONE | $0 | — |
| BLACKROCK FUND ADVISORS | 94-2948313 | — | NONE | $0 | — |
| NEW YORK LIFE INVESTMENT MANAGEMENT | 20-4776225 | — | NONE | $0 | — |
| PRINCIPAL GLOBAL INVESTORS LLC | 20-4530738 | — | NONE | $0 | — |
| WELLINGTON MANAGEMENT COMPANY LLP | 04-2258327 | — | NONE | $0 | — |
| VANGUARD GROUP INC | 12-1945930 | — | NONE | $0 | — |
| ALLSPRING FUNDS MANAGEMENT, LLC | — | CHARLOTTE, NC | NONE | $0 | — |
Investments
24 direct securities· $295.1M(99% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Prudential Guaranteed Income Fund | — | — | $70.7M | $78.9M | 26.5% | |
| Fidelity Contra Fund | — | — | $37.2M | $45.3M | 15.2% | |
| Metropolitan Life Guaranteed Investment Contract | — | — | $43.9M | $43.9M | 14.7% | |
| Mainstay S & P 500 Idx I | — | — | $20.2M | $24.0M | 8.1% | |
| Fidelity Adv Freedom 2040 | — | — | $16.7M | $17.8M | 6.0% | |
| Allspring Gro Class Adm | — | — | $18.1M | $14.5M | 4.9% | |
| Fidelity Adv Freedom 2050 | — | — | $8.8M | $9.7M | 3.3% | |
| Dodge & Cox Balanced Fund | — | — | $7.9M | $7.8M | 2.6% | |
| Fidelity Adv Freedom 2035 | — | — | $7.4M | $7.5M | 2.5% | |
| Fidelity Adv Freedom 2030 | — | — | $6.7M | $6.6M | 2.2% | |
| Vanguard Explorer Admiral | — | — | $6.5M | $6.2M | 2.1% | |
| Ish Mschi Ttl Intl Idx A | — | — | $4.4M | $4.5M | 1.5% | |
| Vanguard Total Bond Index | — | — | $4.6M | $4.0M | 1.4% | |
| Vanguard Small-Cap Value | — | — | $2.9M | $3.7M | 1.3% | |
| Fidelity Adv Freedom 2045 | — | — | $3.0M | $3.3M | 1.1% | |
| Fidelity Adv Freedom 2025 | — | — | $3.3M | $3.2M | 1.1% | |
| American Beacon The London Co Inc Eq Inv | — | — | $3.2M | $3.2M | 1.1% | |
| Prin Smcp Sp 600 Idx R5 | — | — | $3.0M | $3.0M | 1.0% | |
| Vanguard Re Idx Admiral | — | — | $2.3M | $2.4M | 0.8% | |
| Pgim High Yield Cl R6 | — | — | $1.7M | $1.6M | 0.6% | |
| Fidelity Adv Freedom Inc | — | — | $1.7M | $1.6M | 0.5% | |
| Fidelity Adv Freedom 2020 | — | — | $1.4M | $1.3M | 0.4% | |
| Fidelity Adv Freedom 2010 | — | — | $797K | $717K | 0.2% | |
| Fidelity Adv Freedom 2015 | — | — | $224K | $200K | <0.1% |