Back to filter
Original filing (PDF)20251015113624NAL0004730465005
IBEW LOCAL UNION 98
Form 5500
FILING_RECEIVED
IBEW LOCAL UNION NO. 98, ZONE 2 PENSION TRUST FUND
Defined-benefit pension plan
Signals · 3
36% in single holdingNo recordkeeper disclosed10 service providers
Active participants
557
Accounts w/ balance
—
Plan assets (EOY)
$118.7M
Net assets (EOY)
$118.5M
How this plan invests
This plan
5 pooled trusts
Schedule D
14 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 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
82
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "IBEW NECA Equity Index Fund" is 36% of plan.
- 43 bps in Schedule C fees — 332% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for IBEW LOCAL UNION 98.
Plan sponsor
Name
IBEW LOCAL UNION 98
EIN
23-6583334
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
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
NOVAK FRANCELLA, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
10 rowsOther
10| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CHEIRON, INC | 13-4215617 | — | NONE | $98K | — |
| NATIONAL REAL ESTATE ADVISORS | 26-2237421 | — | NONE | $76K | — |
| ASB CAPITAL MANAGEMENT, INC. | 80-0618452 | — | NONE | $75K | — |
| ULLICO INVESTMENT ADVISORS, INC | 52-6435649 | — | NONE | $66K | — |
| SEGAL MARCO ADVISORS | 13-2646110 | — | NONE | $50K | — |
| NOVAK FRANCELLA, LLC | 61-1436956 | — | NONE | $43K | — |
| CLEARY, JOSEM, & TRIGIANNI LLP | 23-2657967 | — | NONE | $39K | — |
| IBEW LOCAL 98 | 23-0724610 | — | RELATED AFFILIATE | $30K | — |
| PNC BANK, NATIONAL ASSOCIATION | 25-1211909 | — | NONE | $19K | — |
| KANG, HAGGERTY & FETBROYT, LLC | 46-2513534 | — | NONE | $17K | — |
Investments
10 direct securities · 5 pooled funds· $115.9M(98% 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
$63.1M
4 holdings
Uncategorized
$48.6M
10 holdings
103-12 Investment Entity
$4.2M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| IBEW NECA EQUITY INDEX FUND CHEVY CHASE TRUST COMPANY · EIN 31-1772714 / PN 003 | Common Collective Trust | — | $19.1M | $42.3M | 35.6% | |
| Baird Core Plus Bond Fund | — | — | $20.1M | $20.2M | 17.0% | |
| HARDING LOEVNER INTL EQUITY GLOBAL TRUST COMPANY HARDING LOEVNER · EIN 27-6075499 / PN 003 | Common Collective Trust | — | $10.0M | $13.7M | 11.5% | |
| ASB ALLEGIANCE REAL ESTATE FUND CHEVY CHASE TRUST COMPANY · EIN 52-6257033 / PN 006 | Common Collective Trust | — | $2.0M | $7.2M | 6.1% | |
| INDURE Build-to-Core Fund, LLC | — | — | $4.3M | $6.7M | 5.7% | |
| NB Crossroads Fund XXII - Plan Asset Allocation, LP | — | — | $1.7M | $5.6M | 4.7% | |
| NB Crossroads Fund 23 Plan, LP | — | — | $3.9M | $5.1M | 4.3% | |
| ULLICO INFRASTRUCTURE TAX-EXEMPT FD ULLICO INVESTMENT ADVISORS, INC. · EIN 90-0622302 / PN 001 | 103-12 Investment Entity | — | $3.5M | $4.2M | 3.6% | |
| Corbin Private Equity Manager Fund II, LP | — | — | $3.2M | $3.8M | 3.2% | |
| Hamilton Lane Strategic Opportunities Offshore Fund VII, LP | — | — | $2.0M | $2.6M | 2.2% | |
| AFL-CIO Housing Investment Trust | — | — | $2.4M | $2.0M | 1.7% | |
| Blackrock Liquidity Funds 339 * Federated Hermes Government Obligations Fund | — | — | $1.6M | $1.6M | 1.3% | |
| PNC interest bearing cash | — | — | $667K | $667K | 0.6% | |
| Local Union #380 Credit Union | — | — | $257K | $257K | 0.2% | |
| CONNING-GOODWIN CAPITAL CORE PLUS B HAND BENEFITS & TRUST COMPANY · EIN 74-2008758 / PN 157 | Common Collective Trust | — | — | $0 | <0.1% |