Original filing (PDF)20260113113328NAL0019093184001

SAN DIEGO COUNTY TEAMSTERS - EMPLOYERS INSURANCE TRUST

Name: SAN DIEGO COUNTY TEAMSTERS - EMPLOYERS INSURANCE TRUST — Form 5500 (2024)
Creator: SAN DIEGO COUNTY TEAMSTERS - EMPLOYERS INSURANCE TRUST

Form 5500

FILING_RECEIVED

Health & welfare plan

Signals · 4

33% in single holding~348 bps in Sched C feesNo recordkeeper disclosed8 service providers

Active participants

1,692

Accounts w/ balance

—

Plan assets (EOY)

$21.3M

Net assets (EOY)

$16.8M

How this plan invests

This plan

95 securities

funds · stocks · CUSIPs

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

Plan health score (directional)

/ 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

Total plan cost

Vendor stack

Participation health

100

Knocking points off

Top holding "interest, collateral, par or maturity value Value party Balance Forwarded" is 33% of plan.
348 bps in Schedule C fees — 1099% 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 SAN DIEGO COUNTY TEAMSTERS - EMPLOYERS INSURANCE TRUST.

Plan sponsor

Name

SAN DIEGO COUNTY TEAMSTERS - EMPLOYERS INSURANCE TRUST

EIN

23-7243412

Address

3737 CAMINO DEL RIO SOUTH · SUITE 300 · SAN DIEGO, CA · 92108

Phone

(619) 549-1051

Industry

Professional & Technical Servicessee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

501

Plan year

2024

Plan year begin

2024-04-01

Tax period

2025-03-31

Filed

2026-01-13

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4D · Dental

4E · Vision

4L · Death Benefits (other than life insurance)

Audit & trust (Schedule H)

Auditor

HENNINGFIELD & ASSOCIATES, INC.

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

8 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
BENESYS ADMINISTRATORS	38-2383171	—	NONE	$410K	—
RAEL & LETSON	94-1701048	—	NONE	$92K	—
ELLIS SMITH / CARMEL CAPITAL PARTNE	33-0087141	—	NONE	$60K	—
LAW OFFICES OF RICHARD PROCHAZKA	95-3722191	—	NONE	$56K	—
HENNINGFIELD & ASSOCIATES	54-2189926	—	NONE	$48K	—
FIRST DENTAL HEALTH	33-0655193	—	NONE	$37K	—
KENNEDY LAW FIRM	82-4975249	—	NONE	$21K	—
CALIFORNIA BANK & TRUST	95-2783330	—	NONE	$17K	—

Investments

82 direct securities· $45.7M(100% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
interest, collateral, par or maturity value party Balance Forwarded	—	—	$15.5M	$15.6M	73.3%
interest, collateral, par or maturity value party Balance Forwarded	—	—	$14.5M	$14.4M	67.8%
US Bank 5,200,000 shs US Treasury Bill - 912797PN1	—	—	$5.1M	$5.1M	24.0%
US Bank 3,300,000 shs US Treasury Bill - 912797PF8	—	—	$3.2M	$3.3M	15.3%
interest, collateral, par or maturity value party US Bank 2,481,220 shs First Amer Govt Oblig Fund	—	—	$2.5M	$2.5M	11.6%
US Bank 500,000 shs US Treasury Bill - 912797PX9	—	—	$490K	$490K	2.3%
US Bank 2,364 shs Wisdomtree Floating Rate Treasury	—	—	$119K	$119K	0.6%
US Bank 100,000 shs Gle Corp @ 3.625% due 4/15/2028	—	—	$108K	$107K	0.5%
US Bank 105,000 shs Wells Fargo Co @ var rates due 1/15/2027	—	—	$105K	$104K	0.5%
US Bank 4,000 shs Carlyle Credit Income Fund @ 8.75% Pfd Ser A	—	—	$100K	$103K	0.5%
US Bank 4,000 shs Capital Southwest Corp @ 7.75% Pfd Ser B	—	—	$100K	$102K	0.5%
US Bank 100,000 shs Ttcu Fed Cr Un Tulsa Okla @ 5% due 7/26/2027	—	—	$100K	$102K	0.5%
US Bank 100,000 shs Aon North America Inc @ 5.15% due 3/1/2029	—	—	$100K	$102K	0.5%
US Bank 100,000 shs Huntington Ingalls Inds @ 5.353% due 1/15/30	—	—	$101K	$101K	0.5%
US Bank 100,000 shs Toyota Mtr Cr Corp @ 5% due 1/22/2029	—	—	$100K	$100K	0.5%
US Bank 100,000 shs Lennar Corp @ 4.75% due 11/29/2027	—	—	$116K	$100K	0.5%
US Bank 100,000 shs Banc of California Inc @ 5.25% due 4/15/2025	—	—	$105K	$100K	0.5%
US Bank 100,000 shs Jefferies Group LP @ 5% due 6/16/2027	—	—	$100K	$100K	0.5%
US Bank 4,000 shs Gladstone Invt Corp @ 5% Pfd	—	—	$100K	$100K	0.5%
US Bank 4,000 shs Gladstone Ld Corp Term Pfd Ser D	—	—	$100K	$100K	0.5%
US Bank 100,000 shs Deutsch Bk @ 5.35% due 8/16/2034	—	—	$100K	$99K	0.5%
US Bank 100,000 shs Jpmorgan Chase Co @ 5% due 12/15/2031	—	—	$100K	$99K	0.5%
US Bank 100,000 shs Air Lease Corp @ 3.625% due 12/1/2027	—	—	$109K	$98K	0.5%
US Bank 100,000 shs Express Scripts Holding @ 3.4% due 3/1/2027	—	—	$95K	$98K	0.5%
US Bank 100,000 shs Ryder System Inc @ 2.9% due 12/1/2026	—	—	$94K	$97K	0.5%
US Bank 4,000 shs Eagle Point Income Co @ 5% due Pfd Ser A	—	—	$100K	$97K	0.5%
US Bank 100,000 shs Goldman Sachs Group Inc @ 3% due 2/26/2027	—	—	$100K	$97K	0.5%
US Bank 100,000 shs Barclays Bank Plc @ 1.6% due 7/27/2026	—	—	$100K	$96K	0.5%
US Bank 4,000 shs Ready Capital @ 9% Pfd	—	—	$100K	$95K	0.4%
US Bank 4,000 shs Oxford Square Cap Corp @ 5.5% Pfd Ser	—	—	$100K	$93K	0.4%
US Bank 100,000 shs General Mtrs Finl Co Inc @ 2.4% due 11/20/2028	—	—	$100K	$92K	0.4%
US Bank 100,000 shs California Statewide @ 2.04% due 4/1/2029	—	—	$87K	$90K	0.4%
US Bank 100,000 shs Royal Bk Cda @ 1.25% due 7/20/2028	—	—	$98K	$89K	0.4%
US Bank 100,000 shs Bank Nova Scotia @ 1.5% due 1/27/2031	—	—	$82K	$83K	0.4%
US Bank 100,000 shs Lincoln Natl Corp Ind @ var rates due 5/17/2066	—	—	$76K	$82K	0.4%
US Bank 833 shs Spdr Bloomberg Barclays HY Bond	—	—	$103K	$79K	0.4%
US Bank 1,500 shs Ishares Floating Rate Bond	—	—	$75K	$77K	0.4%
US Bank 4,000 shs Terra Ppty Tr Inc Cal 26 @ 6% Pfd	—	—	$100K	$70K	0.3%
US Bank 100,000 shs Office Pptys Income Tr @ 2.4% due 2/1/2027	—	—	$100K	$59K	0.3%
US Bank 1,070 shs Occidental Petroleum Corp	—	—	$29K	$53K	0.2%
US Bank 2,000 shs Eagle Point Credit Co @ 5.375% Pfd	—	—	$50K	$46K	0.2%
US Bank 4,000 shs B Riley Financial Inc @ 5% Pfd	—	—	$100K	$41K	0.2%
US Bank 520 shs Schwab Charles Corp Com	—	—	$26K	$41K	0.2%
US Bank 250 shs Ubs Ag Etracs Gold Shares Covered	—	—	$72K	$40K	0.2%
US Bank 440 shs Dollar General Corp	—	—	$32K	$39K	0.2%
US Bank 724 shs Brookfield Corp - BN	—	—	$20K	$38K	0.2%
US Bank 505 shs Uber Technologies Inc	—	—	$30K	$37K	0.2%
US Bank 200 shs Iqvia Holdings Inc	—	—	$34K	$35K	0.2%
US Bank 255 shs Apollo Global Mgmt Inc	—	—	$13K	$35K	0.2%
US Bank 960 shs Api Group Corp	—	—	$14K	$34K	0.2%
US Bank 122 shs Tesla Inc	—	—	$22K	$32K	0.1%
US Bank 85 shs Contango Ore Inc 868 US Bank 352 shs Crown Holdings Inc Com	—	—	$21K	$31K	0.1%
US Bank 181 shs Intercontinental Exchange Inc	—	—	$17K	$31K	0.1%
US Bank 360 shs Palantir Technologies Inc	—	—	$2K	$30K	0.1%
US Bank 372 shs Ingersoll Rand Inc	—	—	$23K	$30K	0.1%
US Bank 114 shs Rockwell Automation Inc	—	—	$30K	$29K	0.1%
US Bank 85 shs Hca Healthcare Inc	—	—	$28K	$29K	0.1%
US Bank 450 shs Carrier Global Corporation Com	—	—	$29K	$29K	0.1%
US Bank 325 shs Micron Technology Inc	—	—	$25K	$28K	0.1%
US Bank 410 shs Zillow Group Inc	—	—	$20K	$28K	0.1%
US Bank 255 shs United Parcel Service Inc Class B	—	—	$37K	$28K	0.1%
US Bank 680 shs On Semiconductor Corporation	—	—	$44K	$28K	0.1%
US Bank 1,050 shs Koninklijke Phillips Nvr Ny ADR	—	—	$28K	$27K	0.1%
US Bank 180 shs Applied Materials	—	—	$19K	$26K	0.1%
US Bank 13 shs Mercadolibre Inc	—	—	$25K	$25K	0.1%
US Bank 105 shs Laboratory Corp of America Holdings	—	—	$11K	$24K	0.1%
US Bank 500 shs Gitlab Inc Class A Com	—	—	$34K	$24K	0.1%
US Bank 538 shs Lkq Corporation	—	—	$14K	$23K	0.1%
US Bank 85 shs Salesforce Inc	—	—	$23K	$23K	0.1%
US Bank 755 shs Csx Corp	—	—	$23K	$22K	0.1%
US Bank 59 shs Home Depot Inc	—	—	$18K	$22K	0.1%
US Bank 90 shs Rh	—	—	$24K	$21K	<0.1%
US Bank 181 shs Rpm International Inc	—	—	$16K	$21K	<0.1%
US Bank 657 shs Alcoa Corporation	—	—	$35K	$20K	<0.1%
US Bank 161 shs Agilent Technologies Inc	—	—	$12K	$19K	<0.1%
US Bank 510 shs Baxter International Inc	—	—	$25K	$17K	<0.1%
US Bank 77 shs Doordash Inc Cl A	—	—	$11K	$14K	<0.1%
US Bank 156 shs Liberty Formula One Common Stock	—	—	$2K	$14K	<0.1%
US Bank 1,844 shs Uniti Group Inc	—	—	$27K	$9K	<0.1%
US Bank 9,000 shs Goldman Sachs Cap III @ var rates due 9/1/2043	—	—	$7K	$7K	<0.1%
US Bank 963 shs Fidelity Fixed Income Fund	—	—	$7K	$7K	<0.1%
US Bank 136 shs Bookfield Asset Managmt Ltd Cl A	—	—	$3K	$7K	<0.1%