Original filing (PDF)20251015170749NAL0005493121002

BOARD OF TRUSTEES LOCAL UNION 102 JT APPRENTICESHIP TRAINING CMTE

Name: BOARD OF TRUSTEES LOCAL UNION 102 JT APPRENTICESHIP TRAINING CMTE — LOCAL UNION NO 102 JOINT APPRENTICESHIP TRAINING COMMITTEE, Form 5500 (2024)
Creator: BOARD OF TRUSTEES LOCAL UNION 102 JT APPRENTICESHIP TRAINING CMTE

Form 5500

FILING_RECEIVED

LOCAL UNION NO 102 JOINT APPRENTICESHIP TRAINING COMMITTEE

Health & welfare plan

Signals · 2

~115 bps in Sched C feesNo recordkeeper disclosed

Active participants

1,568

Accounts w/ balance

—

Plan assets (EOY)

$7.4M

Net assets (EOY)

$6.2M

How this plan invests

This plan

149 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

115 bps in Schedule C fees — 121% above peer band of 52 bps.
No recordkeeper disclosed on Schedule C.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES LOCAL UNION 102 JT APPRENTICESHIP TRAINING CMTE.

Plan sponsor

Name

BOARD OF TRUSTEES LOCAL UNION 102 JT APPRENTICESHIP TRAINING CMTE

EIN

22-2520875

Address

50 PARSIPPANY ROAD · PARSIPPANY, NJ · 07054

Phone

(973) 887-1718

Industry

Electrical Contractors· Constructionsee all

Plan administrator

Name

IE SHAFFER AND COMPANY

EIN

22-1750854

City

WEST TRENTON, NJ

Phone

(800) 792-3666

Plan characteristics

Plan number

502

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-15

Welfare benefit codes

4J · Apprenticeship and Training

Audit & trust (Schedule H)

Auditor

NOVAK FRANCELLA, LLC

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

5 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
MORGAN STANLEY SMITH BARNEY LLC	20-8764829	—	NONE	$45K	—
NOVAK FRANCELLA, LLC	61-1536956	—	NONE	$18K	—
LINDABURY, MCCORMICK, ESTABROOK, ET	22-1943351	—	NONE	$8K	—
ORANSKY SCARRAGGI & BORG PC	22-3522685	—	NONE	$8K	—
GERSON & ASSOC, CPAS & ADVISORS PC	22-3163246	—	NONE	$6K	—

Investments

146 direct securities· $4.8M(65% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
Morgan Stanley Bank N.A. MMA	—	—	$411K	$411K	5.6%
Bahl & Gaynor Inc GW I MF	—	—	$346K	$403K	5.5%
Item 1c(1)- Certificates of deposits Bank Forward Hannaford ND CD 01/14/25 5.200 %	—	—	$250K	$250K	3.4%
BMO Harris Bank Chicago IL CD 01/14/25	—	—	$250K	$250K	3.4%
MSIF Ultra-Short Income MF	—	—	$239K	$239K	3.2%
Bank Hapoalim CD NYC NY CD 01/21/25	—	—	$200K	$200K	2.7%
Item 1c(1)- Short-term investments Federated Hermes Govt Obi Avr MMA	—	—	$175K	$175K	2.4%
Eaton Vance Strategic Inc MF	—	—	$158K	$160K	2.2%
Qualcomm Inc Bond 05/20/25	—	—	$95K	$95K	1.3%
Broadcom Inc	—	—	$10K	$87K	1.2%
United States Treasury Note 04/30/29	—	—	$68K	$68K	0.9%
United States Treasury Note 07/15/27	—	—	$62K	$61K	0.8%
United States Treasury Note 11/15/27	—	—	$55K	$55K	0.7%
Williams Co Inc	—	—	$28K	$52K	0.7%
Nextera Energy Inc	—	—	$20K	$48K	0.7%
United States Treasury Note 05/15/27	—	—	$46K	$46K	0.6%
Federal National Mtg Assn Pool MA5294 Pool 03/01/54	—	—	$43K	$42K	0.6%
JP Morgan Chase & Co	—	—	$20K	$41K	0.6%
Eli Lilly & Co	—	—	$4K	$40K	0.5%
Merck & Co Inc	—	—	$29K	$40K	0.5%
McDonald's Corp Bond 05/26/25	—	—	$39K	$40K	0.5%
United States Treasury Note 08/15/33	—	—	$39K	$39K	0.5%
Microsoft Corp Bond 08/08/26	—	—	$39K	$39K	0.5%
Abbvie Inc Com	—	—	$18K	$36K	0.5%
Travelers Cos Inc	—	—	$22K	$35K	0.5%
Chevron Corp	—	—	$26K	$33K	0.5%
Sempra Energy	—	—	$21K	$32K	0.4%
Johnson & Johnson	—	—	$34K	$32K	0.4%
Microsoft Corp	—	—	$10K	$30K	0.4%
Procter & Gamble	—	—	$23K	$29K	0.4%
Federal National Mtg Assn Pool MA4761 Pool 04/01/52	—	—	$31K	$28K	0.4%
Mondelez Intl Inc	—	—	$25K	$27K	0.4%
Federal National Mtg Assn Pool MA4600 Pool 05/01/52	—	—	$29K	$27K	0.4%
United States Treasury Note 06/30/29	—	—	$27K	$27K	0.4%
Oneok Inc	—	—	$20K	$27K	0.4%
PPL Corporation	—	—	$23K	$27K	0.4%
Kinder Morgan Inc	—	—	$13K	$26K	0.4%
Pepsico Inc	—	—	$17K	$26K	0.3%
Mc Donalds Corp	—	—	$16K	$26K	0.3%
United States Treasury Note 02/15/32	—	—	$26K	$25K	0.3%
PNC Finl Svcs	—	—	$19K	$25K	0.3%
United States Treasury Note 11/30/28	—	—	$25K	$25K	0.3%
Wells Fargo & Co Bond 03/24/28	—	—	$24K	$24K	0.3%
Marsh & Mclennan Cos Inc	—	—	$10K	$24K	0.3%
CitiGroup Inc Bond 01/10/28	—	—	$25K	$24K	0.3%
Home Depot Inc	—	—	$2K	$23K	0.3%
Cisco Sys Inc	—	—	$13K	$23K	0.3%
Eaton Corp	—	—	$7K	$23K	0.3%
ExxonMobil Corp	—	—	$18K	$22K	0.3%
Texas Instruments Inc	—	—	$3K	$21K	0.3%
Automatic Data Processing Inc	—	—	$10K	$21K	0.3%
Federal National Mtg Assn Pool MA4761 Pool 09/01/52	—	—	$20K	$20K	0.3%
United Parcel Service CL B	—	—	$19K	$20K	0.3%
Targa Resource Corp	—	—	$4K	$19K	0.3%
RTX Corporation	—	—	$7K	$19K	0.3%
Comcast Corp New Class A	—	—	$20K	$19K	0.3%
Gen! Dynamics Corp	—	—	$14K	$18K	0.2%
Entergy Corp New	—	—	$11K	$18K	0.2%
Unit First Trust Investment Grade UIT	—	—	$21K	$18K	0.2%
FHLMC 30 Yr Gold SD8349 Pool 08/01/53	—	—	$18K	$18K	0.2%
Bank of America Bond 07/21/32	—	—	$20K	$18K	0.2%
Goldman Sachs Group Bond 05/01/29 4.220 %	—	—	$18K	$18K	0.2%
Vitaris Inc Bond 06/22/30	—	—	$18K	$17K	0.2%
Capital One Finacial Corp Bond 02/01/30	—	—	$18K	$17K	0.2%
Amgen Inc Bond 03/02/30	—	—	$17K	$17K	0.2%
Toronto-Dominion Bank Bond 09/15/27	—	—	$17K	$17K	0.2%
Crown Castle Intl Corp	—	—	$17K	$17K	0.2%
Philip Morris Intl Inc	—	—	$15K	$17K	0.2%
Air Lease Corp Bond 10/01/29	—	—	$17K	$17K	0.2%
T-Mobile US Inc Com	—	—	$12K	$17K	0.2%
Abbvie Inc Bond 11/21/26	—	—	$17K	$17K	0.2%
Kroger Co Bond 09/15/34	—	—	$17K	$16K	0.2%
United States Treasury Note 11/15/31	—	—	$19K	$16K	0.2%
Morgan Stanley	—	—	$5K	$16K	0.2%
Bank of America Bond 07/22/27	—	—	$16K	$16K	0.2%
Johnson Controls Intl PLC	—	—	$7K	$16K	0.2%
Energy Transfer LP Bond 04/15/29	—	—	$16K	$16K	0.2%
HCA Inc Bond 06/01/28	—	—	$16K	$16K	0.2%
Nisource	—	—	$10K	$16K	0.2%
Air Prod & Chem Inc	—	—	$8K	$16K	0.2%
Chubb Ltd	—	—	$8K	$16K	0.2%
Bank of America Corp	—	—	$10K	$16K	0.2%
Realty Income Corp	—	—	$18K	$16K	0.2%
Boeing Co Bond 11/22/24	—	—	$16K	$16K	0.2%
United States Treasury Note 05/31/30	—	—	$16K	$15K	0.2%
Lockheed Martin Corp	—	—	$10K	$15K	0.2%
Qualcomm Inc	—	—	$14K	$15K	0.2%
Kenvue Inc	—	—	$6K	$15K	0.2%
American Electric Power Co Inc Bond 03/01/33	—	—	$15K	$15K	0.2%
Enbridge Inc	—	—	$12K	$15K	0.2%
FT Energy Income ETF	—	—	$25K	$15K	0.2%
Duke Energy	—	—	$12K	$14K	0.2%
Truist Finl Corp	—	—	$14K	$14K	0.2%
Corning Inc	—	—	$11K	$14K	0.2%
Cheniere Energy Inc	—	—	$3K	$14K	0.2%
Centerpoint Energy Inc	—	—	$11K	$14K	0.2%
Paychex Inc	—	—	$6K	$14K	0.2%
Phillips 66 Com	—	—	$13K	$13K	0.2%
Dow Inc	—	—	$13K	$13K	0.2%
American Tower RErT	—	—	$13K	$13K	0.2%
Medtronic PLC	—	—	$13K	$13K	0.2%
CMS Energy CP	—	—	$11K	$13K	0.2%
CitiGroup Inc	—	—	$11K	$13K	0.2%
AT&T Inc	—	—	$15K	$13K	0.2%
Dell Technologies Inc CL C	—	—	$9K	$13K	0.2%
CME Group	—	—	$12K	$12K	0.2%
Novartis AG Adr	—	—	$9K	$12K	0.2%
Edison International Bond 06/15/27	—	—	$13K	$12K	0.2%
TC Energy Corp	—	—	$11K	$12K	0.2%
CSX Corp	—	—	$11K	$12K	0.2%
Unilever PLC	—	—	$12K	$12K	0.2%
Ill Tool Works Inc	—	—	$7K	$12K	0.2%
Siemens Aktiengesellschaft	—	—	$5K	$12K	0.2%
Keurig Dr Pepper Inc	—	—	$13K	$11K	0.2%
Waste Mgmt Inc	—	—	$7K	$11K	0.2%
Constellation Energy Corp	—	—	$5K	$11K	0.1%
Healthpeak Pptys Inc	—	—	$12K	$10K	0.1%
Union Pacific Corp	—	—	$6K	$10K	0.1%
National Grid PLC	—	—	$10K	$10K	0.1%
Vici Properties Inc	—	—	$10K	$10K	0.1%
Lowes Companies Inc	—	—	$4K	$10K	0.1%
Ameren Corp	—	—	$9K	$10K	0.1%
WEC Energy Group Inc	—	—	$3K	$10K	0.1%
Target Corporation	—	—	$6K	$9K	0.1%
Genuine Parts Co	—	—	$7K	$9K	0.1%
Public Service Enterprise Group	—	—	$7K	$9K	0.1%
Charles Schwab Corp Bond Perpetual	—	—	$8K	$9K	0.1%
Conocophillips	—	—	$3K	$9K	0.1%
BCE Inc	—	—	$17K	$9K	0.1%
Pfizer Inc	—	—	$9K	$8K	0.1%
Prologis Inc Com	—	—	$6K	$8K	0.1%
Altria Group Inc.	—	—	$9K	$8K	0.1%
HP lnc Com	—	—	$8K	$7K	0.1%
Marathon Petroleum Corp	—	—	$2K	$7K	<0.1%
Atmos Energy CP	—	—	$6K	$7K	<0.1%
Antero Midstream Corp	—	—	$4K	$6K	<0.1%
Equinix Inc	—	—	$6K	$6K	<0.1%
HCA Healthcare Inc	—	—	$5K	$6K	<0.1%
Fastenal Co	—	—	$4K	$6K	<0.1%
American Waterworks	—	—	$6K	$5K	<0.1%
Diageo PLC ADR	—	—	$6K	$5K	<0.1%
FHLMC 30 Yr Gold SD8288 Pool 01/01/53	—	—	$5K	$5K	<0.1%
United States Treasury Bill 02/06/25	—	—	$4K	$4K	<0.1%
AES Corp	—	—	$4K	$4K	<0.1%
FHLMC 30 Yr Gold SD8394 Pool 01/01/54	—	—	$4K	$4K	<0.1%
South Bow Corp 46 965	—	—	—	$1K	<0.1%