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Original filing (PDF)20251010122329NAL0007711425001
I.B.E.W 269 SUPPLEMENTAL FUND SUPPLEMENTAL FUND
Form 5500
FILING_RECEIVED
IBEW LOCAL UNION 269 WELFARE AND SUPPLEMENTAL FUND
Health & welfare plan
Signals · 3
40% in single holding~120 bps in Sched C feesNo recordkeeper disclosed
Active participants
804
Accounts w/ balance
—
Plan assets (EOY)
$13.6M
Net assets (EOY)
$13.0M
How this plan invests
This plan
6 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
85
/ 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
80
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Vanguard Short-Term Bond Index Inst" is 40% of plan.
- 120 bps in Schedule C fees — 314% 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 I.B.E.W 269 SUPPLEMENTAL FUND SUPPLEMENTAL FUND.
Plan sponsor
Name
I.B.E.W 269 SUPPLEMENTAL FUND SUPPLEMENTAL FUND
EIN
22-3611027
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
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-10
Welfare benefit codes
4B · Life Insurance
4C · Supplemental Unemployment
4F · Temporary Disability (accident and sickness)
Audit & trust (Schedule H)
Auditor
MSPC CERTIFIED PUBLIC ACCOUNTANTS &
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
5 rowsOther
5| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| I.E. SHAFFER | 22-1750854 | — | NONE | $105K | — |
| MSPC CPA'S AND ADVISORS | 22-2951202 | — | NONE | $37K | — |
| PFM ASSET MANAGEMENT LLC | — | HARRISBURG, PA | NONE | $10K | — |
| PELLETTIERI, RABSTEIN & ALTMAN | 22-2353673 | — | NONE | $7K | — |
| PFM ADVISORS | 22-2393763 | — | NONE | $5K | — |
Investments
6 direct securities· $11.0M(81% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Short-Term Bond Index Inst | — | — | $4.5M | $4.4M | 32.2% | |
| Vanguard Interm-Term Bond Index Inst | — | — | $2.2M | $2.2M | 15.9% | |
| Ultra-Short-Term Bond Fund Admiral | — | — | $1.7M | $1.7M | 12.3% | |
| Vanguard Total Stock Mkt Idx Inst | — | — | $474K | $1.5M | 11.3% | |
| Vanguard Total Intl Stock Index Admiral | — | — | $674K | $763K | 5.6% | |
| Vanguard Federal Money Market Fund | — | — | $447K | $447K | 3.3% |