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Original filing (PDF)20250916120204NAL0001167731001
BOARD OF TRUSTEES USW DISTRICT 10, LOCAL 286,
Form 5500
FILING_RECEIVED
USW DISTRICT 10, LOCAL 286, HEALTH AND WELFARE FUND
Health & welfare plan
Signals · 4
45% in single holding~680 bps in Sched C feesNo recordkeeper disclosed11 service providers
Active participants
1,750
Accounts w/ balance
—
Plan assets (EOY)
$12.5M
Net assets (EOY)
$9.5M
How this plan invests
This plan
93 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
78
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "TD Bank" is 45% of plan.
- 680 bps in Schedule C fees — 2244% 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 BOARD OF TRUSTEES USW DISTRICT 10, LOCAL 286,.
Plan sponsor
Name
BOARD OF TRUSTEES USW DISTRICT 10, LOCAL 286,
DBA
HEALTH AND WELFARE FUND
EIN
23-1661924
Address
410-424 NORTH EIGHTH STREET · PHILADELPHIA, PA · 19123
Phone
(215) 829-9212
Industry
Manufacturingsee 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
2025-09-16
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4F · Temporary Disability (accident and sickness)
4Q · Other
4U · Dependent Care
Audit & trust (Schedule H)
Auditor
NOVAK FRANCELLA, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
11 rowsLegal counsel
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SPEAR WILDERMAN PC | 23-2749511 | — | LEGAL COUNSEL TO USW L286 | $32K | — |
Other
10| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| USW DISTRICT 10 LOCAL 286 UNION | 23-0724665 | — | SPONSORING LABOR ORG. | $605K | — |
| CONNER STRONG COMPANIES | 21-0718159 | — | NONE | $103K | — |
| NOVAK FRANCELLA LLC | 61-1436956 | — | NONE | $34K | — |
| SOBOL GROUP, P.C. | 36-4509261 | — | NONE | $32K | — |
| BOYD WATTERSON ASSET MANAGEMENT LLC | 34-1922005 | — | NONE | $11K | — |
| XPAN LAW PARTNERS, LLC | 81-5145649 | — | NONE | $11K | — |
| WEDGE CAPITAL MANAGEMENT | 56-1557450 | — | NONE | $8K | — |
| HEALTH ADVOCATE SOLUTIONS, INC. | 23-3080019 | — | NONE | $7K | — |
| INVESTMENT PERFORMANCE SERVICES | 58-2432390 | — | NONE | $5K | — |
| CARLO SIMONE, III. | 23-0724665 | — | EMPLOYEE | $0 | — |
Investments
93 direct securities· $11.2M(90% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| TD Bank | — | — | $5.0M | $5.0M | 40.2% | |
| Chartwell Short Duration High Yield Fund | — | — | $2.0M | $2.0M | 15.9% | |
| Boyd Watterson GSA Fund, L.P. | — | — | $485K | $652K | 5.2% | |
| United States Treasury Note 02/15/27 | — | — | $135K | $139K | 1.1% | |
| United States Treasury Note 08/31/26 | — | — | $124K | $124K | 1.0% | |
| United States Treasury Note 11/15/31 | — | — | $113K | $114K | 0.9% | |
| United States Treasury Note 08/15/30 | — | — | $99K | $102K | 0.8% | |
| FNMA 01/25/31 | — | — | $99K | $97K | 0.8% | |
| Bank Of America MTN 04/23/27 | — | — | $97K | $89K | 0.7% | |
| FNMA 06/25/29 | — | — | $88K | $88K | 0.7% | |
| United States Treasury Note 03/31/29 | — | — | $87K | $88K | 0.7% | |
| JPMorgan Chase Co 04/23/29 | — | — | $97K | $87K | 0.7% | |
| United States Treasury Note 03/31/28 | — | — | $82K | $82K | 0.7% | |
| FNMA 04/25/32 | — | — | $71K | $75K | 0.6% | |
| FHLMC 2.770 % 05/25/25 | — | — | $78K | $74K | 0.6% | |
| Citigroup Inc 02/24/28 | — | — | $75K | $72K | 0.6% | |
| Verizon 09/21/28 | — | — | $82K | $69K | 0.5% | |
| United States Treasury Note 08/15/33 | — | — | $70K | $67K | 0.5% | |
| Texas Natural Gas 04/01/35 | — | — | $65K | $65K | 0.5% | |
| Resolution Funding Strip 04/15/30 | — | — | $62K | $59K | 0.5% | |
| FNMA 04/25/29 | — | — | $58K | $57K | 0.5% | |
| FHLMC 01/25/29 | — | — | $57K | $56K | 0.5% | |
| FNMA 11/01/52 | — | — | $53K | $52K | 0.4% | |
| FNMA 06/01/31 | — | — | $51K | $51K | 0.4% | |
| Toyota Motor Credit MTN 05/16/29 | — | — | $50K | $50K | 0.4% | |
| Oklahoma Dev 11/01/45 | — | — | $52K | $50K | 0.4% | |
| Virginia Power Fuel 05/01/33 | — | — | $51K | $50K | 0.4% | |
| Waste Management Inc 03/15/28 | — | — | $52K | $49K | 0.4% | |
| FNMA 02/01/49 | — | — | $48K | $49K | 0.4% | |
| Duke Energy 11/15/28 | — | — | $55K | $49K | 0.4% | |
| State Street 11/21/29 | — | — | $45K | $46K | 0.4% | |
| FHLMC 11/25/32 | — | — | $45K | $45K | 0.4% | |
| Conocophillips Sr 01/15/30 | — | — | $45K | $45K | 0.4% | |
| Truist Bank MTN 03/11/30 | — | — | $43K | $43K | 0.3% | |
| FNMA 07/25/28 | — | — | $42K | $42K | 0.3% | |
| GNMA 05/15/30 | — | — | $45K | $42K | 0.3% | |
| FNMA 08/01/35 | — | — | $41K | $41K | 0.3% | |
| Alabama St 09/01/27 | — | — | $47K | $41K | 0.3% | |
| FHLMC 08/01/32 | — | — | $40K | $40K | 0.3% | |
| AT&T Inc 02/15/28 | — | — | $44K | $39K | 0.3% | |
| FHLMC 03/25/29 | — | — | $35K | $36K | 0.3% | |
| FHLMC 01/01/35 | — | — | $37K | $36K | 0.3% | |
| Massachusetts Street 08/15/30 | — | — | $34K | $35K | 0.3% | |
| Home Depot Inc 06/25/31 | — | — | $35K | $35K | 0.3% | |
| FHLMC 12/25/25 | — | — | $35K | $35K | 0.3% | |
| John Deere MTN 09/08/31 | — | — | $35K | $34K | 0.3% | |
| FNMA 10/25/27 | — | — | $35K | $34K | 0.3% | |
| GNMA 09/15/41 | — | — | $38K | $33K | 0.3% | |
| GNMA 11/15/40 | — | — | $33K | $32K | 0.3% | |
| GNMA 06/15/33 | — | — | $35K | $32K | 0.3% | |
| GNMA 12/15/34 | — | — | $34K | $31K | 0.3% | |
| FNMA 09/01/47 | — | — | $34K | $31K | 0.2% | |
| FHLMC 10/01/33 | — | — | $32K | $30K | 0.2% | |
| AT&T Inc 06/01/27 | — | — | $28K | $28K | 0.2% | |
| Metro Wastewater Co 04/01/28 | — | — | $30K | $28K | 0.2% | |
| GNMA 11/15/45 | — | — | $28K | $27K | 0.2% | |
| GNMA 09/15/37 | — | — | $30K | $27K | 0.2% | |
| BlackRock Inc 04/30/30 | — | — | $29K | $27K | 0.2% | |
| Saint Johns 08/15/47 | — | — | $30K | $25K | 0.2% | |
| Adobe Inc Sr 04/04/29 | — | — | $26K | $25K | 0.2% | |
| Caterpillar MTN 11/15/29 | — | — | $25K | $25K | 0.2% | |
| Marsh McLennan Cos 03/15/34 | — | — | $25K | $25K | 0.2% | |
| New York City ST 03/15/26 | — | — | $23K | $24K | 0.2% | |
| FHLMC 12/01/47 | — | — | $23K | $22K | 0.2% | |
| FNMA 12/01/42 | — | — | $24K | $22K | 0.2% | |
| Norfolk VA 10/01/30 | — | — | $20K | $21K | 0.2% | |
| GNMA 09/15/41 | — | — | $26K | $20K | 0.2% | |
| FHLMC 10/01/33 | — | — | $23K | $20K | 0.2% | |
| Chicago IL 01/01/33 | — | — | $22K | $20K | 0.2% | |
| Toyota Motor Credit MTN 0.800 % 10/16/25 | — | — | $19K | $19K | 0.2% | |
| Texas Children's Hospital 10/01/29 | — | — | $19K | $19K | 0.2% | |
| MidAmerican Energy 04/15/29 | — | — | $22K | $19K | 0.2% | |
| John Deere MTN 03/07/29 | — | — | $22K | $19K | 0.2% | |
| Home Depot Inc 06/15/29 | — | — | $18K | $19K | 0.1% | |
| Chicago IL 01/01/32 | — | — | $19K | $17K | 0.1% | |
| FNMA 11/01/46 | — | — | $17K | $16K | 0.1% | |
| FNMA 06/01/29 | — | — | $15K | $15K | 0.1% | |
| FNMA 07/01/34 | — | — | $15K | $14K | 0.1% | |
| FNMA 04/01/28 | — | — | $13K | $11K | <0.1% | |
| FHLMC 12/01/47 | — | — | $11K | $10K | <0.1% | |
| First American Govt Obligation Fd Cl Z | — | — | $9K | $9K | <0.1% | |
| FNMA 12/01/47 | — | — | $10K | $9K | <0.1% | |
| FHLMC 06/25/25 | — | — | $10K | $9K | <0.1% | |
| FNMA 07/01/44 | — | — | $11K | $9K | <0.1% | |
| FHLMC 08/01/45 | — | — | $8K | $8K | <0.1% | |
| FNMA 2.500 % 09/25/45 | — | — | $8K | $7K | <0.1% | |
| FNMA 03/01/33 | — | — | $8K | $7K | <0.1% | |
| GNMA 08/15/26 | — | — | $7K | $7K | <0.1% | |
| FHLMC 04/25/26 | — | — | $7K | $7K | <0.1% | |
| FNMA 02/25/33 | — | — | $7K | $6K | <0.1% | |
| Oregon Community College 06/30/26 | — | — | $6K | $5K | <0.1% | |
| FHLMC 09/25/27 | — | — | $5K | $5K | <0.1% | |
| FNMA 11/01/38 | — | — | $4K | $4K | <0.1% |