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Original filing (PDF)20250820154008NAL0003374529001
IBEW #654 H & W FUND TRUSTEES
Form 5500
FILING_RECEIVED
I.B.E.W. LOCAL UNION #654 HEALTH AND WELFARE FUND
Health & welfare plan
Signals · 3
~154 bps in Sched C feesNo recordkeeper disclosed9 service providers
Active participants
437
Accounts w/ balance
—
Plan assets (EOY)
$28.6M
Net assets (EOY)
$28.0M
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
- 154 bps in Schedule C fees — 430% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Helping the score
- Concentration not scored — Schedule of Assets PDF not yet parsed for this plan.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for IBEW #654 H & W FUND TRUSTEES.
Plan sponsor
Name
IBEW #654 H & W FUND TRUSTEES
EIN
23-1613860
Address
27 ROLAND AVENUE, SUITE 200 · MOUNT LAUREL, NJ · 080541038
Phone
(856) 773-0868
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-08-20
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4F · Temporary Disability (accident and sickness)
4L · Death Benefits (other than life insurance)
4U · Dependent Care
Audit & trust (Schedule H)
Auditor
NOVAK FRANCELLA, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
9 rowsOther
9| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| FRANK M VACCARRO & ASSOCIATES | 23-2148108 | — | NONE | $248K | — |
| THE MCKEOGH COMPANY | 23-3003375 | — | NONE | $53K | — |
| MACKAY SHEILDS LLC | 13-5582869 | — | NONE | $34K | — |
| NOVAK FRANCELLA LLC | 61-1436956 | — | NONE | $27K | — |
| WELLS FARGO | 94-1347393 | — | NONE | $25K | — |
| DELTA DENTAL OF PENNSYLVANIA | 23-1667011 | — | NONE | $17K | — |
| INTERCONTINENTAL REAL ESTATE CORP. | 04-2895544 | — | NONE | $16K | — |
| EXPRESS SCRIPTS, INC. | 43-1420563 | — | NONE | $13K | — |
| GRAYSTONE CONSULTING/MORGAN STANLEY | 20-8764829 | — | NONE | $8K | — |
Investments
The Schedule of Assets is filed as a free-form PDF attachment on EFAST2; we parse these offline and coverage is partial (priority is the largest plans by EOY assets). This plan also reports no pooled (Schedule D) interests, so its holdings aren’t hidden on a master-trust filing. The line-item data lives on DOL EFAST2 under the same ACK_ID.
See Methodology > Data linkages for how Form 5500 / Schedule H / Schedule D / Schedule of Assets fit together.