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Original filing (PDF)20251015161652NAL0006894704002
LOCAL UNION 98 I.B.E.W. - TRUSTEES PROFIT SHARING PLAN
Form 5500
FILING_RECEIVED
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 98 - PROFIT SHARING PLAN
Defined-contribution retirement plan
Signals · 2
No recordkeeper disclosed6 service providers
Active participants
3,867
Accounts w/ balance
4,631
Plan assets (EOY)
$1.3B
Net assets (EOY)
$1.3B
How this plan invests
This plan
26 pooled trusts
Schedule D
34 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
98
/ 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
100
Total plan cost
100
Vendor stack
80
Participation health
100
Knocking points off
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for LOCAL UNION 98 I.B.E.W. - TRUSTEES PROFIT SHARING PLAN.
Plan sponsor
Name
LOCAL UNION 98 I.B.E.W. - TRUSTEES PROFIT SHARING PLAN
EIN
23-2289872
Address
1719 SPRING GARDEN STREET · PHILADELPHIA, PA · 191303915
Phone
(215) 563-5592
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2T · Default investment account (QDIA)
Audit & trust (Schedule H)
Auditor
NOVAK FRANCELLA, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
6 rowsOther
6| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO. | 87-0467907 | — | NONE | $169K | — |
| FRANK M. VACCARO & ASSOCIATES | 23-2148108 | — | NONE | $115K | — |
| CLEARY, JOSEM & TRIGIANI LLP | 23-2657967 | — | NONE | $74K | — |
| NOVAK FRANCELLA LLC | 61-1436956 | — | NONE | $63K | — |
| SEGAL MARCO ADVISORS | 13-2646110 | — | NONE | $50K | — |
| IBEW LOCAL 98 | 23-3094530 | — | NONE | $17K | — |
Investments
10 direct securities · 26 pooled funds· $1.3B(99% 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
$723.3M
15 holdings
Uncategorized
$400.9M
10 holdings
Pooled Separate Account
$128.4M
11 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| VANGUARD TRGT RTMT. 2030 TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083979 / PN 001 | Common Collective Trust | — | — | $229.5M | 18.2% | |
| Empower Mutual Funds Fidelity Large Cap Growth Index 4,628,246 | — | — | — | $181.3M | 14.4% | |
| Empower Guaranteed Income Fund 2,501,862 | — | — | — | $149.9M | 11.9% | |
| VANGUARD TRGT RTMT. 2040 TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083975 / PN 001 | Common Collective Trust | — | — | $140.5M | 11.2% | |
| VANGUARD TRGT RTMT. 2020 TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083983 / PN 001 | Common Collective Trust | — | — | $94.4M | 7.5% | |
| IBEW NECA EQUITY INDEX FUND ASB CAPITAL MANAGEMENT LLC · EIN 31-1772714 / PN 003 | Common Collective Trust | — | — | $85.6M | 6.8% | |
| VANGUARD TRGT RTMT. 2050 TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083969 / PN 001 | Common Collective Trust | — | — | $53.2M | 4.2% | |
| SA OFII GLOBAL STRATEGY EMPOWER ANNUITY INSURANCE COMPANY · EIN 06-1050034 / PN 308 | Pooled Separate Account | — | — | $34.3M | 2.7% | |
| LARGE CAP VALUE - LSV ASSET MGT EMPOWER ANNUITY INSURANCE COMPANY · EIN 06-1050034 / PN 318 | Pooled Separate Account | — | — | $30.4M | 2.4% | |
| VANGUARD TRGT RTMT. INCOME TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083968 / PN 001 | Common Collective Trust | — | — | $30.4M | 2.4% | |
| VANGUARD TRGT RTMT. 2055 TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 27-6715074 / PN 001 | Common Collective Trust | — | — | $28.3M | 2.2% | |
| MID CAP GROWTH - ARTISAN PARTNERS EMPOWER ANNUITY INSURANCE COMPANY · EIN 06-1050034 / PN 185 | Pooled Separate Account | — | — | $26.9M | 2.1% | |
| Empower Mutual Funds Vanguard Small Cap Index Fund 505,908 | — | — | — | $24.1M | 1.9% | |
| Empower Mutual Funds Vanguard Small Cap Growth Index Fund 239,886 | — | — | — | $18.9M | 1.5% | |
| VANGUARD TRGT RTMT. 2060 TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 45-3799212 / PN 001 | Common Collective Trust | — | — | $17.8M | 1.4% | |
| CORE PLUS BOND - PIMCO FUND EMPOWER ANNUITY INSURANCE COMPANY · EIN 06-1050034 / PN 299 | Pooled Separate Account | — | — | $16.0M | 1.3% | |
| VANGUARD TRGT RTMT. 2045 TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083973 / PN 001 | Common Collective Trust | — | — | $15.7M | 1.2% | |
| MID CAP VALUE - ROBECCO BOSTON EMPOWER ANNUITY INSURANCE COMPANY · EIN 06-1050034 / PN 440 | Pooled Separate Account | — | — | $14.6M | 1.2% | |
| Empower Mutual Funds Vanguard Mid Cap Index Fund 166,618 | — | — | — | $12.0M | 1.0% | |
| VANGUARD TRGT RTMT. 2025 TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083981 / PN 001 | Common Collective Trust | — | — | $9.7M | 0.8% | |
| VANGUARD TRGT RTMT. 2035 TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083977 / PN 001 | Common Collective Trust | — | — | $9.0M | 0.7% | |
| Empower Mutual Funds William Blair International Leaders Fund 432,212 | — | — | — | $8.4M | 0.7% | |
| VANGUARD TRGT RTMT. 2065 TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 82-6190443 / PN 001 | Common Collective Trust | — | — | $7.0M | 0.6% | |
| INTERNATIONAL VALUE LSV ASSET MGT EMPOWER ANNUITY INSURANCE COMPANY · EIN 06-1050034 / PN 415 | Pooled Separate Account | — | — | $4.9M | 0.4% | |
| PNC interest bearing cash | — | — | $3.8M | $3.8M | 0.3% | |
| Federated Hermes Government Obligation Fund | — | — | $1.6M | $1.6M | 0.1% | |
| VANGUARD TRGT RTMT. 2070 TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 45-3799212 / PN 001 | Common Collective Trust | — | — | $1.2M | <0.1% | |
| Participant loans 4.25-9.50 % - | — | — | — | $680K | <0.1% | |
| AFL-CIO HOUSING INVESTMENT TRUST DV HAND BENEFITS & TRUST COMPANY · EIN 74-2008758 / PN 184 | Common Collective Trust | — | — | $607K | <0.1% | |
| INCOMEFLEX SELECT INCOME & EQUITY EMPOWER ANNUITY INSURANCE COMPANY · EIN 06-1050034 / PN 515 | Pooled Separate Account | — | — | $605K | <0.1% | |
| VANGUARD TRGT RTMT. INCOME & GROWTH VANGUARD FIDUCIARY TRUST COMPANY · EIN 87-6418227 / PN 001 | Common Collective Trust | — | — | $498K | <0.1% | |
| INCOMEFLEX SELECT AGGRESSIVE GROWTH EMPOWER ANNUITY INSURANCE COMPANY · EIN 06-1050034 / PN 511 | Pooled Separate Account | — | — | $452K | <0.1% | |
| Empower Ret. Ins. & Annuity Co. IncomeFlex LifeTime Conservative Growth Fund 9,080 | — | — | — | $254K | <0.1% | |
| INCOMEFLEX SELECT CONS GR FD EMPOWER ANNUITY INSURANCE COMPANY · EIN 06-1050034 / PN 514 | Pooled Separate Account | — | — | $254K | <0.1% | |
| INCOMEFLEX SELECT BALANCED FUND EMPOWER ANNUITY INSURANCE COMPANY · EIN 06-1050034 / PN 513 | Pooled Separate Account | — | — | $26K | <0.1% | |
| MID CAP VALUE - COOKE & BIELER EMPOWER ANNUITY INSURANCE COMPANY · EIN 06-1050034 / PN 411 | Pooled Separate Account | — | — | $0 | <0.1% |