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Original filing (PDF)20250922110201NAL0007572034001
BOARD OF TRUSTEES LOCAL 351 PENSION FUND
Form 5500
FILING_RECEIVED
LOCAL 351 IBEW PENSION PLAN
Defined-benefit pension plan
Signals · 4
95% in single holding~85 bps in Sched C feesNo recordkeeper disclosed18 service providers
Active participants
1,581
Accounts w/ balance
—
Plan assets (EOY)
$542.2M
Net assets (EOY)
$541.5M
How this plan invests
This plan
2 pooled trusts
Schedule D
2 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 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
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "[DFE: EARNEST PARTNERS MULTIPLE INVESTMEN (no filing on disk)]" is 95% of plan.
- 85 bps in Schedule C fees — 1323% above peer band of 6 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES LOCAL 351 PENSION FUND.
Plan sponsor
Name
BOARD OF TRUSTEES LOCAL 351 PENSION FUND
EIN
22-3417366
Address
830 BEAR TAVERN ROAD · PO BOX 1028 · WEST TRENTON, NJ · 08628
Phone
(800) 792-3666
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-09-22
Pension benefit codes
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
GERSON & ASSOC CPAS AND ADVISORS PC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
18 rowsOther
18| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PATRIOT FINANCIAL PARTNERS, L.P. | 45-3772738 | PHILADELPHIA, PA | NONE | $850K | — |
| EAGLE CAPITAL MANAGEMENT | 22-3361201 | — | NONE | $792K | — |
| GCM GROSVENOR | 32-0497309 | NEW YORK, NY | NONE | $586K | — |
| POLEN CAPITAL | 26-0319356 | — | NONE | $471K | — |
| QUANTUM CAPITAL MANAGEMENT | 22-3441832 | NORTHFIELD, NJ | NONE | $432K | — |
| I.E. SHAFFER & CO | 22-1750854 | WEST TRENTON, NJ | NONE | $332K | — |
| INTERCONTINENTAL REAL ESTATE CORP | 04-2895544 | BOSTON, MA | NONE | $300K | — |
| CONSTITUTION CAPITAL PARTNERS, LLC | — | ANDOVER, MA | NONE | $228K | — |
| ASB REAL ESTATE INVESTMENT | 80-0618452 | BETHESDA, MD | NONE | $157K | — |
| GARCIA HAMILTON | 76-0589652 | HOUSTON, TX | NONE | $128K | — |
| JP MORGAN | — | NEW YORK, NY | NONE | $74K | — |
| DAHAB AND ASSOC. | 11-2783874 | — | NONE | $68K | — |
| GERSON & ASSOC CPAS AND ADVISORS PC | 22-3163246 | ROCHELLE PARK, NJ | NONE | $59K | — |
| EMPOWER ANNUITY INSURANCE CO | 06-1050034 | — | NONE | $52K | — |
| OBRIEN BELLAND & BUSHINSKY | 37-1467056 | — | NONE | $43K | — |
| SUMMIT ACTUARIAL SERVICES | 77-0645890 | NEWBURGH, NY | NONE | $30K | — |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | 22-2951202 | — | NONE | $26K | — |
| CONSTITUTION CAPITAL FUND ADMIN | 83-1052518 | — | — | — | — |
Investments
2 pooled funds· $55.2M(10% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Common Collective Trust
$52.4M
1 holding
Pooled Separate Account
$2.8M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| EARNEST PARTNERS MULTIPLE INVESTMEN SEI TRUST COMPANY · EIN 26-4377500 / PN 041 | Common Collective Trust | — | — | $52.4M | 9.7% | |
| DRYDEN S&P 500 INDEX EMPOWER ANNUITY INSURANCE CO · EIN 06-1050034 / PN 123 | Pooled Separate Account | — | — | $2.8M | 0.5% |