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Original filing (PDF)20250825081835NAL0007653425001

GLASGOW, INC.

Form 5500
FILING_RECEIVED
GLASGOW, INC. PENSION PLAN
Defined-benefit pension plan
Signals · 3
29% employer stock~77 bps in Sched C fees7 service providers
Active participants
71
Accounts w/ balance
Plan assets (EOY)
$27.8M
Net assets (EOY)
$27.8M
How this plan invests
This plan
292 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
75
Participation health
100
Knocking points off
  • 29% of plan in employer / sponsor stock.
  • 77 bps in Schedule C fees — 165% above peer band of 29 bps.
  • Plan is frozen (1I) — no new benefit accrual.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for GLASGOW, INC..
Plan sponsor
Name
GLASGOW, INC.
EIN
23-1386976
Address
WILLOW GROVE AVENUE · LIMEKILN PIKE · GLENSIDE, PA · 19038
Phone
(215) 884-8800
Industry
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
2025-08-25
Pension benefit codes
1A · Pay-related DB formula
1I · Frozen plan — no new benefit accrual
Audit & trust (Schedule H)
Auditor
CBIZ CPAS
Trustee / custodian
Trustee phone

Service providers (Schedule C)

7 rows
Other
7
NameEINLocationRelationDirect compIndirect comp
GLENMEDE TRUST CO.PHILADELPHIA, PANONE$163K
POLEN CAPITAL MANAGEMENT26-0319356NONE$16K
LONDON COMPANY90-0824693NONE$9K
EASTERN SHORE CAPITAL MANAGEMENT04-3011533NONE$8K
GQG PARTNERS LLCFORT LAUDERDALE, FLNONE$6K
PUTNAM INVESTMENTSBOSTON, MANONE$6K
PARAMETRICSEATTLE, WANONE$6K

Investments

271 direct securities· $26.6M(96% of reported assets)
PIInvestmentTypeShares / unitsCostCurrent value% of plan
Fidelity Concord Str Tr 500 Idx I Registered investment company$2.5M$2.6M9.5%
Blackrock Strategic Income Opportunities Registered investment company$1.5M$1.4M5.1%
GS FS Government Fund Registered investment company$1.1M$1.1M4.1%
Vanguard Short Term Infl Protected Fund Registered investment company$1.2M$1.1M4.0%
WCM Focused International Growth Fund Registered investment company$753K$967K3.5%
Hartford Schroders Intl Multi-Cap Val Registered investment company$858K$874K3.1%
PGIM Select Real Estate Fund Registered investment company$887K$862K3.1%
DFA International Core Equity Registered investment company$590K$742K2.7%
Virtus Duff & Phelps Global Real Estate Registered investment company$872K$726K2.6%
GQG Emerging Markets Equity Fund Registered investment company$455K$640K2.3%
Money market and mutual funds AB Small Cap Value Portfolio Registered investment company$395K$426K1.5%
Microsoft Corp. Common stock$211K$355K1.3%
Amazon.com Inc. Common stock$197K$310K1.1%
Ishares Msci Japan Index Fd Registered investment company$281K$303K1.1%
US Treasury Notes DTD 06/30/2023 3.750% 06/30/2030$288K$290K1.0%
US Treasury Notes DTD 11/15/2018 3.125% 11/15/2028$267K$239K0.9%
Conestoga Small Cap Fund Registered investment company$208K$237K0.9%
US Treasury Notes DTD 08/31/2022 3.125% 08/31/2027$224K$224K0.8%
US Government securities (continued) US Treasury Notes DTD 09/30/2022 3.875% 09/30/2029$199K$196K0.7%
Oracle Corp Common stock$158K$190K0.7%
Philip Morris International Common stock$161K$190K0.7%
US Treasury Notes DTD 05/31/2020 0.500% 05/31/2027$192K$183K0.7%
US Treasury Notes DTD 05/15/2022 2.875% 05/15/2032$189K$180K0.6%
Alphabet Inc Cap Stk Cl C Common stock$73K$179K0.6%
Visa Inc-Class A Shares Common stock$93K$177K0.6%
Apple Inc. Common stock$106K$173K0.6%
Eli Lilly & Co. Common stock$130K$166K0.6%
US Treasury Notes DTD 08/15/2022 2.750% 08/15/2032$164K$155K0.6%
Netflix Inc. Common stock$81K$154K0.6%
New York City Transitional Rev DTD 07/22/2021 1.110% 07/15/2026$152K$152K0.5%
US Treasury Notes DTD 04/30/2023 3.500% 04/30/2028$150K$150K0.5%
US Treasury Notes DTD 05/31/2023 4.250% 05/31/2025$150K$150K0.5%
Thermo Fisher Scientific Inc. Common stock$161K$150K0.5%
US Treasury Notes DTD 06/30/2024 4.625% 06/30/2026$150K$150K0.5%
Illinois Hsg Dev Auth Rev Taxable B DTD 12/18/2024 4.513% 10/01/2027$150K$150K0.5%
US Treasury Notes DTD 11/30/2023 4.375% 11/30/2030$149K$149K0.5%
US Treasury Notes DTD 02/29/2024 4.250% 02/28/2029$149K$149K0.5%
Walmart Inc. Common stock$94K$149K0.5%
US Treasury Notes DTD 08/31/2023 4.125% 08/31/2030$149K$149K0.5%
New York N Y City Transitional Future Ta DTD 05/30/2018 3.620% 05/01/2026$148K$148K0.5%
Unitedhealth Group Inc. Common stock$142K$144K0.5%
US Treasury Notes DTD 08/31/2024 3.750% 08/31/2031$152K$144K0.5%
US Treasury Notes DTD 02/15/2020 1.500% 02/15/2030$178K$142K0.5%
California St Go DTD 04/18/2024 5.150% 09/01/2034$122K$120K0.4%
Michigan St Strategic Fd Rev DTD 07/08/2021 1.676% 09/01/2028$113K$113K0.4%
Bay Area Toll Ca Auth Rev DTD 03/17/2021 1.433% 04/01/2027$112K$112K0.4%
Meta Platforms Inc. Common stock$86K$112K0.4%
Citigroup Inc. DTD 04/23/2018 4.075% 04/23/2029$112K$112K0.4%
New York St Dorm Auth St Pers Taxable G DTD 01/03/2020 2.558% 02/15/2027$111K$111K0.4%
Mastercard Inc.-Cl A Common stock$41K$107K0.4%
Servicenow Inc. Common stock$31K$106K0.4%
Shopify Inc. Common stock$61K$103K0.4%
Applovin Corp Common stock$37K$99K0.4%
JP Morgan Chase & Co. DTD 07/23/2018 4.203% 07/23/2029$118K$97K0.3%
Bank Of America Corp DTD 04/27/2022 4.571% 04/27/2033$93K$95K0.3%
New Jersey St Transn Tr Fd Aut Taxable P DTD 10/24/2024 4.608% 06/15/2026$95K$95K0.3%
Corporate and municipal bonds (continued) San Francisco Ca City & Cnty Rev DTD 12/15/2021 2.743% 08/01/2032$95K$95K0.3%
Sales Tax Securitization Corp DTD 12/19/2024 4.531% 01/01/2028$95K$95K0.3%
San Francisco Calif City & Cnt Taxable C DTD 11/07/2023 6.000% 10/01/2030$94K$95K0.3%
Illinois St Sales Tax Rev DTD 09/29/2021 1.799% 06/15/2027$93K$94K0.3%
Pfizer Invt Enterprises DTD 05/19/2023 4.750% 05/19/2033$94K$93K0.3%
Citigroup Inc. Common stock$67K$92K0.3%
Novo-Nordisk A/S Common stock$112K$91K0.3%
Glenmede Small Cap Adv Registered investment company$61K$88K0.3%
Bank of America Corp Common stock$58K$87K0.3%
US Government securities US Treasury Bonds DTD 02/15/2001 5.375% 02/15/2031$87K$87K0.3%
Charles Schwab Corp. Common stock$61K$83K0.3%
Equity securities Abbott Laboratories Common stock$65K$82K0.3%
Exxon Mobil Corporation Common stock$79K$81K0.3%
US Treasury Notes DTD 04/15/2024 4.500% 04/15/2027$79K$80K0.3%
Toronto Dominion Bank DTD 06/08/2022 4.108% 06/08/2027$79K$79K0.3%
Northrop Grumman Corp Common stock$78K$78K0.3%
Adobe Inc. Common stock$57K$78K0.3%
Zoetis Inc. Cl A Common stock$61K$77K0.3%
DTE Energy Co. DTD 08/02/2024 4.950% 07/01/2027$75K$75K0.3%
John Deere Capital Corp. DTD 09/08/2023 5.150% 09/08/2033$75K$75K0.3%
Goldman Sachs Group Inc. DTD 01/23/2018 3.814% 04/23/2029$75K$75K0.3%
MSCI Inc. Common stock$65K$75K0.3%
Bank Nova Scotia DTD 12/07/2023 5.350% 12/07/2026$75K$75K0.3%
Anthem Inc. DTD 11/21/2017 3.650% 12/01/2027$75K$75K0.3%
Simon Property Group LP DTD 01/21/2021 2.200% 02/01/2031$75K$75K0.3%
Canadian Imperial Bank DTD 09/11/2024 4.508% 09/11/2027$75K$75K0.3%
Wells Fargo & Company DTD 05/22/2017 3.584% 05/22/2028$75K$75K0.3%
Truist Financial Corp DTD 01/26/2023 4.873% 01/26/2029$75K$75K0.3%
Lowes Companies Inc. DTD 03/26/2020 4.500% 04/15/2030$75K$75K0.3%
Unitedhealth Group Inc. DTD 03/21/2024 4.900% 04/15/2031$75K$75K0.3%
Bristol-Myers Squibb Company DTD 02/22/2024 4.900% 02/22/2029$75K$74K0.3%
Royal Bank DTD 10/25/2022 6.000% 11/01/2027$75K$74K0.3%
Citizens Financial Group Inc. DTD 07/23/2024 5.718% 07/23/2032$75K$74K0.3%
American Honda Finance Corporation DTD 03/13/2024 4.900% 03/12/2027$74K$74K0.3%
Morgan Stanley DTD 10/18/2022 6.342% 10/18/2033$75K$74K0.3%
Totalenergies Cap SA DTD 09/10/2024 4.724% 09/10/2034$75K$74K0.3%
Blackrock Inc. DTD 05/25/2023 4.750% 05/25/2033$74K$73K0.3%
Comcast Corporation DTD 10/05/2018 4.150% 10/15/2028$83K$73K0.3%
Accenture PLC Common stock$19K$71K0.3%
AT&T Inc. Common stock$67K$71K0.3%
Apollo Global Mgmt Inc. Common stock$32K$71K0.3%
Capital One Finl Corp. Common stock$57K$70K0.3%
Nvidia Corp Common stock$68K$68K0.2%
Airbnb Inc. Common stock$76K$66K0.2%
Hilton Worldwide Holdings Common stock$38K$65K0.2%
Nextera Energy Inc. Common stock$68K$62K0.2%
Workday Inc. Cl A Common stock$54K$62K0.2%
Southwest Airlines Common stock$51K$61K0.2%
Nextera Energy Cap Holdings Inc. DTD 02/09/2023 4.900% 02/28/2028$60K$60K0.2%
Blackrock Inc.Com Common stock$20K$57K0.2%
Berkshire Hathaway Inc-Cl B Common stock$23K$57K0.2%
McKesson HBOC Inc. Common stock$40K$57K0.2%
Oracle Corporation DTD 07/07/2016 2.650% 07/15/2026$56K$56K0.2%
AON Corporation. DTD 05/15/2020 2.800% 05/15/2030$57K$56K0.2%
Goldman Sachs Group Inc. Common stock$33K$56K0.2%
Enbridge Inc. DTD 11/09/2023 6.000% 11/15/2028$56K$56K0.2%
T-Mobile USA Inc. DTD 01/12/2024 4.850% 01/15/2029$56K$56K0.2%
FedEx Corporation Common stock$48K$55K0.2%
Nxp Semiconductors NV Common stock$55K$55K0.2%
Willis North American Inc. DTD 05/17/2023 5.350% 05/15/2033$51K$51K0.2%
Texas Instruments Inc. Common stock$29K$50K0.2%
Gaming & Leisure Properties Inc. Common stock$51K$50K0.2%
Conocophillips Common stock$51K$49K0.2%
Sanofi Common stock$52K$49K0.2%
American International Group Inc. Common stock$37K$48K0.2%
General Motors Co Common stock$33K$48K0.2%
Pulte Corp Common stock$31K$47K0.2%
Lowes Cos Inc. Common stock$16K$46K0.2%
Ingersoll Rand Inc. Common stock$37K$44K0.2%
Norfolk Southern Corp. Common stock$26K$44K0.2%
BJ's Wholesale Club Holdings Inc. Common stock$29K$42K0.2%
Broadcom Inc. Common stock$34K$42K0.2%
Freeport Mcmoran Copper Gold Inc. Cl B Common stock$41K$42K0.1%
Fidelity National Information Services Common stock$46K$41K0.1%
Nintendo Co Ltd. - Unspon Adr Common stock$37K$40K0.1%
Paycom Software Inc. Com Common stock$33K$38K0.1%
Cnh Industrial Capital LLC DTD 09/13/2023 5.500% 01/12/2029$38K$38K0.1%
Alexandria Real Estate Equities Inc. DTD 03/26/2020 4.900% 12/15/2030$38K$37K0.1%
Exelon Corporation DTD 04/07/2016 3.400% 04/15/2026$37K$37K0.1%
Corporate and municipal bonds Air Lease Corporation DTD 05/24/2021 1.875% 08/15/2026$37K$37K0.1%
American Tower Corporation DTD 05/13/2016 3.375% 10/15/2026$37K$37K0.1%
Energy Transfer LP DTD 06/08/2018 4.950% 06/15/2028$37K$37K0.1%
T-Mobile US Inc. Common stock$22K$36K0.1%
Johnson & Johnson Common stock$34K$36K0.1%
Equity securities (continued) Wintrust Financial Corp Common stock$21K$36K0.1%
Allstate Corp. Common stock$35K$36K0.1%
Paychex Inc. Common stock$14K$36K0.1%
Qualcomm Corp. Common stock$28K$35K0.1%
Equity securities (continued) Cisco Systems Common stock$17K$35K0.1%
Astrazeneca PLC Sponsored Adr Common stock$43K$34K0.1%
Dominion Energy Inc. Common stock$44K$34K0.1%
The Cigna Group Common stock$42K$34K0.1%
Starbucks Corp. Common stock$33K$34K0.1%
Regeneron Phar Common stock$35K$33K0.1%
NRG Energy Inc. Common stock$12K$33K0.1%
TE Connectivity PLC Common stock$34K$32K0.1%
Fastenal Co. Common stock$14K$32K0.1%
Verizon Communications Common stock$33K$31K0.1%
Targa Resources Corp Common stock$29K$31K0.1%
Costar Group Inc. Common stock$32K$31K0.1%
Gartner Group Class A Common stock$6K$30K0.1%
Corteva Inc. Common stock$29K$30K0.1%
American Electric Power Co. Inc. Common stock$29K$29K0.1%
Abbvie Inc. Com Common stock$27K$29K0.1%
Cincinnati Financial Corp Common stock$14K$29K0.1%
Southern Co. Common stock$26K$29K0.1%
Clearwater Analytics Holdings Inc. Common stock$24K$28K0.1%
Valero Energy Corp Common stock$26K$28K0.1%
Pathward Financial, Inc. Common stock$21K$28K0.1%
Eastman Chemical Co. Common stock$24K$27K<0.1%
Cadence Bank Common stock$23K$27K<0.1%
Altria Group Inc. Common stock$28K$27K<0.1%
Snowflake Inc. Common stock$31K$26K<0.1%
United Parcel Service - Cl B Common stock$24K$25K<0.1%
Ball Corp. Common stock$25K$25K<0.1%
Independent Bank Corp Common stock$25K$25K<0.1%
Columbia Banking System Common stock$27K$25K<0.1%
Southwest Gas Corp Common stock$24K$25K<0.1%
GQG Partners US Select Quality Equity Registered investment company$20K$24K<0.1%
Diageo PLC Sponsored Adr Common stock$22K$24K<0.1%
Axon Enterprise Inc. Common stock$26K$24K<0.1%
Leonardo Drs Inc. Common stock$13K$23K<0.1%
Virtu Finl Inc. Common stock$17K$23K<0.1%
Charter Communications Inc. Cl A Common stock$22K$23K<0.1%
United Rentals Inc. Common stock$12K$23K<0.1%
Knife Riv Hldg Co Common St Common stock$13K$22K<0.1%
KKR & Co Inc. Common stock$22K$21K<0.1%
Crown Castle Inc. Common stock$27K$21K<0.1%
Skyward Specialty Insurance Group Inc. Common stock$14K$21K<0.1%
Mr Cooper Group Inc. Common stock$17K$21K<0.1%
Nestle SA Adr Common stock$22K$20K<0.1%
Sl Green Realty Corp Common stock$13K$20K<0.1%
Boot Barn Holdings Inc. Common stock$15K$20K<0.1%
Intuitive Surgical Inc. Common stock$18K$19K<0.1%
Piper Jaffray Companies Common stock$13K$19K<0.1%
Magnolia Oil & Gas Corp Common stock$21K$19K<0.1%
Comcast Corp-Cl A Common stock$26K$19K<0.1%
Crinetics Pharmaceuticals Inc. Common stock$17K$19K<0.1%
Summit Materials Inc. Cl A Common stock$10K$18K<0.1%
Chart Industries Inc. Common stock$10K$18K<0.1%
Cactus Inc. Common stock$13K$18K<0.1%
Walker & Dunlop Inc. Common stock$17K$17K<0.1%
SPS Commerce Inc. Common stock$16K$17K<0.1%
Robinhood Markets Inc. Common stock$19K$17K<0.1%
Showing top 200 of 271 investments by value.

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