Original filing (PDF)20251010162107NAL0008011025001

BOARD OF TRUSTEES H.F.I.A.W. LOCAL NO. 32 - WELFARE FUND

Name: BOARD OF TRUSTEES H.F.I.A.W. LOCAL NO. 32 - WELFARE FUND — H.F.I.A.W. LOCAL NO. 32 - WELFARE FUND, Form 5500 (2024)
Creator: BOARD OF TRUSTEES H.F.I.A.W. LOCAL NO. 32 - WELFARE FUND

Form 5500

FILING_RECEIVED

H.F.I.A.W. LOCAL NO. 32 - WELFARE FUND

Health & welfare plan

Signals · 4

25% employer stock~978 bps in Sched C feesNo recordkeeper disclosed7 service providers

Active participants

181

Accounts w/ balance

—

Plan assets (EOY)

$4.9M

Net assets (EOY)

$3.4M

How this plan invests

This plan

109 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

/ 100

Grade C

Average plan with room to improve

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

100

Total plan cost

Plan health

Vendor & structure

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES H.F.I.A.W. LOCAL NO. 32 - WELFARE FUND.

Plan sponsor

Name

BOARD OF TRUSTEES H.F.I.A.W. LOCAL NO. 32 - WELFARE FUND

EIN

23-7159212

Address

36 HOPATCHUNG ROAD · HOPATCONG, NJ · 07843

Phone

(856) 793-2501

Industry

Plumbing, Heating, AC 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

2025-10-10

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4D · Dental

4E · Vision

4F · Temporary Disability (accident and sickness)

4H · Long-Term Disability

4L · Death Benefits (other than life insurance)

Audit & trust (Schedule H)

Service providers (Schedule C)

7 rows

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
BASIL CASTROVINCI ASSOCIATES	13-2831500	—	ADMIN/CONSULTANT	$175K	—

Accountant / Auditor

Name	EIN	Location	Relation	Direct comp	Indirect comp
MSPC, CPA'S AND ADVISORS, P.C.	22-2951202

Investments

109 direct securities· $2.9M(58% of reported assets)

Bonds / Notes

$1.3M

32 holdings

Common Stock

$726K

43 holdings

Agency / Mortgage-Backed

$472K

18 holdings

U.S. Treasuries

$286K

8 holdings

Other securities

$73K

7 holdings

Cash / Money Market

$33K

1 holding

					% of plan
FHLMC Pass Thru 100,000 5.50% 04/01/53	Agency / Mortgage-Backed	—	$102K	$93K	1.9%
Northern State Pwr 75,000 6.25% 06/01/36	Bonds / Notes	—	$82K	$81K	1.7%
Charles Schwab Corp 75,000 6.14% 08/24/34	Bonds / Notes	—	$75K	$79K	1.6%
Erp Operating Lp 75,000 4.15% 12/01/28	Bonds / Notes	—	$85K	$73K	1.5%
Bankunited Inc 5,000 5.13% 06/11/30	Bonds / Notes	—	$86K	$72K	1.5%
US Treasury 61,000 2.75% 08/15/32	U.S. Treasuries	—	$59K	$54K	1.1%
Nvidia Corp	Common Stock	—	$14K	$53K	1.1%
Florida Power Corp 50,000 6.75% 02/01/28	Bonds / Notes	—	$52K	$52K	1.1%
Apple Inc	Common Stock	—	$33K	$51K	1.0%
Microsoft Corp	Common Stock	—	$35K	$50K	1.0%
Dte Electric Co 50,000 5.20% 04/01/33	Bonds / Notes	—	$50K	$50K	1.0%
US Treasury 50,000 4.00% 02/29/28	U.S. Treasuries	—	$50K	$50K	1.0%
Amazon Com Inc	Common Stock	—	$33K	$49K	1.0%
US Treasury 50,000 4.13% 11/15/32	U.S. Treasuries	—	$50K	$49K	1.0%
Wells Fargo & Company 60,000 3.00% 06/12/35	Bonds / Notes	—	$62K	$47K	1.0%
Federal Home Loan Bank 45,000 5.75% 12/27/35	Bonds / Notes	—	$45K	$45K	0.9%
US Treasury 50,000 2.88% 05/15/32	U.S. Treasuries	—	$50K	$45K	0.9%
Alphabet Inc Voting	Common Stock	—	$31K	$44K	0.9%
Peco Energy Co 45,000 4.90% 06/15/33	Bonds / Notes	—	$45K	$44K	0.9%
National Rural Util Coop 43,000 0.00% 04/30/43	Bonds / Notes	—	$45K	$43K	0.9%
Goldman Sachs Grp Inc 45,000 5.02% 10/23/35	Bonds / Notes	—	$45K	$43K	0.9%
Bank Of Ny Mellon Corp 40,000 5.83% 10/25/33	Bonds / Notes	—	$40K	$41K	0.8%
FHLMC Gold Pass Thru 40,000 6.00% 05/01/54	Agency / Mortgage-Backed	—	$41K	$40K	0.8%
Federal Farm Credit Bank 40,000 6.25% 05/06/39	Bonds / Notes	—	$40K	$40K	0.8%
Wec Energy Grp Inc 40,000 4.75% 01/15/28	Bonds / Notes	—	$40K	$40K	0.8%
Prudential Financial Inc 40,000 4.50% 09/15/47	Bonds / Notes	—	$43K	$39K	0.8%
Georgia Pacific Corp 35,000 7.25% 06/01/28	Bonds / Notes	—	$38K	$38K	0.8%
Federal Home Loan Bank 36,000 6.00% 02/18/39	Bonds / Notes	—	$36K	$36K	0.7%
Capital One Financial Co 35,000 5.47% 02/01/29	Bonds / Notes	—	$35K	$35K	0.7%
Federal Farm Credit Bank 36,000 6.08% 06/03/36	Bonds / Notes	—	$35K	$35K	0.7%
Federal Farm Credit Bank 35,000 5.95% 11/14/44	Bonds / Notes	—	$35K	$35K	0.7%
GNMA 23-189 Ay 35,000 6.00% 12/20/53	Agency / Mortgage-Backed	—	$36K	$35K	0.7%
US Treasury 35,000 4.13% 11/15/32	U.S. Treasuries	—	$36K	$34K	0.7%
GS FSQ Government Instl Class Money Market 32,847 4.48%	Cash / Money Market	—	$33K	$33K	0.7%
Federal Home Loan Bank 30,000 5.25% 02/13/34	Bonds / Notes	—	$30K	$30K	0.6%
Citizens Financial Grp 30,000 5.72% 07/23/32	Bonds / Notes	—	$31K	$30K	0.6%
Federal Farm Credit Bank 30,000 5.72% 10/28/44	Bonds / Notes	—	$30K	$30K	0.6%
Federal Farm Credit Bank 30,000 5.87% 11/29/39	Bonds / Notes	—	$30K	$30K	0.6%
Abbvie Inc 30,000 5.05% 03/15/34	Bonds / Notes	—	$30K	$30K	0.6%
Broadcom Inc	Common Stock	—	$15K	$29K	0.6%
Cvs Caremark Corp Notes 100,000 6.04% 12/10/28	Bonds / Notes	—	$58K	$28K	0.6%
Meta Platforms Inc	Common Stock	—	$18K	$28K	0.6%
Jpmorgan Chase & Co	Common Stock	—	$16K	$25K	0.5%
Keyspan Gas East Corp 25,000 5.99% 03/06/33	Bonds / Notes	—	$25K	$25K	0.5%
Federal Home Loan Bank 25,000 5.75% 11/22/39	Bonds / Notes	—	$25K	$25K	0.5%
Pacific Life Gf Ii 25,000 4.90% 04/04/28	Bonds / Notes	—	$25K	$25K	0.5%
FNMA Pass Thru 100,000 3.50% 12/01/34	Agency / Mortgage-Backed	—	$96K	$25K	0.5%
US Treasury 25,000 4.13% 11/15/32	U.S. Treasuries	—	$25K	$24K	0.5%
FHLMC Pass Thru 80,000 3.00% 06/01/50	Agency / Mortgage-Backed	—	$81K	$24K	0.5%
Goldman Sachs Group Inc	Common Stock	—	$19K	$24K	0.5%

1–50 of 109

1 / 3

Fund families in this plan

Detected from the parsed Schedule of Assets. Click a family to see every plan that holds it — ranked by position size.

Schwab$87K Goldman Sachs$67K Wells Fargo / Allspring$47K Prudential / PGIM$39K JPMorgan$25K Morgan Stanley$12K

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