Original filing (PDF)20260115093343NAL0016892417001

BAC LOCAL UNION 15 WELFARE FUND

Name: BAC LOCAL UNION 15 WELFARE FUND — Form 5500 (2024)
Creator: BAC LOCAL UNION 15 WELFARE FUND

Form 5500

FILING_RECEIVED

Health & welfare plan

Signals · 4

39% in single holding~627 bps in Sched C feesNo recordkeeper disclosed17 service providers

Active participants

813

Accounts w/ balance

—

Plan assets (EOY)

$23.4M

Net assets (EOY)

$21.9M

How this plan invests

This plan

96 securities

funds · stocks · CUSIPs

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

Plan health score (directional)

/ 100

Grade B

Above-average plan

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 "BAIRD INTERMEDIATE BOND-INSTITUTIONAL" is 39% of plan.
627 bps in Schedule C fees — 2062% above peer band of 29 bps.
No recordkeeper disclosed on Schedule C.
Highly fragmented vendor stack (17 disclosed providers, 7 categories).

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BAC LOCAL UNION 15 WELFARE FUND.

Plan sponsor

Name

BAC LOCAL UNION 15 WELFARE FUND

EIN

23-7386028

Address

WILSON MCSHANE CORPORATION · PO BOX 909500 · KANSAS CITY, MO · 641909500

Phone

(816) 777-2668

Industry

Constructionsee 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

2026-01-15

Welfare benefit codes

4A · Health (other than dental or vision)

4D · Dental

4E · Vision

4L · Death Benefits (other than life insurance)

Audit & trust (Schedule H)

Auditor

RUBINBROWN LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

17 rows

Custodian

Name	EIN	Location	Relation	Direct comp	Indirect comp
BMO HARRIS BANK N.A.	39-1186267	—	CUSTODIAN/INV MGR	—	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
UNITED ACTUARIAL SERVICES	35-2156428	—	FUND ACTUARY; CONSULTANT	$58K	—
COMMERCE	23-7386028	—	INVESTMENT MANAGER	$30K	—
SEGAL ADVISORS	13-2646110	—	INVESTMENT ADVISOR	$11K	—

Broker

Name	EIN	Location	Relation	Direct comp	Indirect comp
SEGAL SELECT INSURANCE SERVICES	46-0619194	—	INSURANCE BROKER	$41K	—

TPA / Administrator

Name	EIN	Location	Relation	Direct comp	Indirect comp
WILSON MCSHANE CORPORATION	43-6051454	—	TPA	$238K	—

Accountant / Auditor

Name	EIN	Location	Relation	Direct comp	Indirect comp
CONSTRUCTION BENEFIT AUDIT CORP	43-1244218	—	FIELD AUDITOR	$54K	—
RUBINBROWN, LLP	43-0765316	—	PLAN AUDITOR	$31K	—

Legal counsel

Name	EIN	Location	Relation	Direct comp	Indirect comp
ARNOLD, NEWBOLD, SOLLARS & HOLLINS	43-1174269	—	FUND ATTORNEY	$112K	—

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
BLUE CROSS BLUE SHIELD	43-1257251	—	NONE	$684K	—
EPLAN LLC	20-3720767	—	NONE	$138K	—
SWORD HEALTH	—	—	NONE	$26K	—
PREFERRED HEALTH PROFESSIONALS	43-1392960	—	NONE	$11K	—
SAV-RX	47-0527013	—	NONE	$11K	—
IRON MOUNTAIN	61-1701138	—	NONE	$10K	—
INTERNATIONAL FOUNDATION OF EE BENE	39-1034021	—	NONE	$7K	—
US DEPARTMENT OF TREASURY	—	WASHINGTON, DC	NONE	$5K	—

Investments

90 direct securities· $21.1M(90% of reported assets)

Uncategorized

$16.7M

86 holdings

Mutual Funds

$4.2M

1 holding

Corporate Bonds

$209K

3 holdings

Investment	Type	Shares / units	Cost	Current value	% of plan
BAIRD INTERMEDIATE BOND-INSTITUTIONAL	—	—	$9.0M	$8.5M	36.4%
VANGUARD TOTAL STOCK MKT INDEX FUND	Mutual Funds	—	$1.7M	$4.2M	17.9%
US TREASURY NOTE 2.375% DUE 05/15/27 DATED 05/15/17	—	—	$485K	$485K	2.1%
US TREASURY NOTE 2.25% DUE 11/15/27 DATED 11/15/17	—	—	$417K	$432K	1.8%
US TREASURY NOTE 1.5% DUE 11/30/28 DATED 11/30/21	—	—	$250K	$257K	1.1%
US TREASURY NOTE 3.875% DUE 09/30/29 DATED 09/30/22	—	—	$254K	$249K	1.1%
US TREASURY NOTE 4.625% DUE 10/15/26 DATED 10/15/23	—	—	$202K	$202K	0.9%
US TREASURY NOTE 4.125% DUE 10/31/27 DATED 10/31/22	—	—	$193K	$191K	0.8%
US TREASURY NOTE 3.125% DUE 11/15/28 DATED 11/15/18	—	—	$170K	$175K	0.7%
US TREASURY NOTE 4.125% DUE 09/30/27 DATED 09/30/22	—	—	$160K	$161K	0.7%
US TREASURY NOTE 2.875% DUE 05/15/28 DATED 05/15/18	—	—	$155K	$155K	0.7%
CIBC CABNK USA 4.45% DUE 04/13/28 DATED 04/14/23	—	—	$150K	$151K	0.6%
Certificates Of Deposit CELTIC BANK 4.4% DUE 04/19/28 DATED 04/19/23	—	—	$150K	$151K	0.6%
US TREASURY NOTE 3.875% DUE 12/31/29 DATED 12/31/22	—	—	$147K	$150K	0.6%
US TREASURY NOTE 2.5% DUE 02/28/26 DATED 02/28/19	—	—	$165K	$148K	0.6%
US TREASURY NOTE 2.625% DUE 07/31/29 DATED 07/31/22	—	—	$141K	$142K	0.6%
GOVERNMENT NATIONAL MORTGAGE ASSOC II POOL #MA5790 3% DUE 03/20/34 DATED 03/01/19	—	—	$109K	$115K	0.5%
Money Market Fund Financial Square Tr Government Fd Admin Cl Fund 466	—	—	$114K	$114K	0.5%
HENRY & WHITESIDE COUNTY IL COMMUNITY UNIT SCHOOL DISTRICT #228 TAXABLE SERIES A 5% DUE 02/15/29 DATED 01/30/25	—	—	$100K	$102K	0.4%
BALDWIN AL TAXABLE EXPRESS PIPELINE A COOPERATIVE DIST 5% DUE 10/15/27 DATED 11/21/24	—	—	$100K	$101K	0.4%
US TREASURY NOTE 3.25% DUE 06/30/29 DATED 06/30/22	—	—	$95K	$97K	0.4%
US TREASURY NOTE 2.25% DUE 08/15/27 DATED 08/15/17	—	—	$96K	$96K	0.4%
PNC FINANCIAL SERVICES SENIOR UNSECURED NOTE 1.15% DUE 08/13/26 DATED 08/13/21 CALLABLE	—	—	$100K	$96K	0.4%
U.S. Government Securities US TREASURY NOTE 1.125% DUE 02/29/28 DATED 02/28/21	—	—	$89K	$92K	0.4%
HONEYWELL INTERNATIONAL INC SENIOR UNSECURED NOTE 4.65% DUE 07/30/27 DATED 08/01/24 CALLABLE	—	—	$90K	$91K	0.4%
ROYAL BANK OF CANADA SENIOR UNSECURED NOTE VARIABLE RATE DUE 04/27/26 DATED 04/27/21 CALLABLE	—	—	$90K	$90K	0.4%
FEDERAL HOME LOAN MORTGAGE ASSOC REMIC SERIES 2022-38 CLASS DA 4.5% DUE 04/25/47 DATED 06/01/22	—	—	$61K	$90K	0.4%
PACCAR FINANCIAL CORP SENIOR UNSECURED NOTE 4% DUE 09/26/29 DATED 09/26/24 CALLABLE	—	—	$90K	$89K	0.4%
US TREASURY NOTE 3.125% DUE 08/31/27 DATED 08/31/22	—	—	$86K	$88K	0.4%
BANK OF MONTREAL SENIOR UNSECURED NOTED 5.717% DUE 09/25/28 DATED 09/25/23 CALLABLE	—	—	$85K	$88K	0.4%
ENTERGY LOUISIANA LLC SECURED NOTE 3.25% DUE 04/01/28 DATED 03/24/16 CALLABLE	—	—	$86K	$87K	0.4%
BHP BILLITON FINANCE USA LIMITED SENIOR SECURED NOTE 5.1% DUE 09/08/28 DATED 09/08/23 CALLABLE	—	—	$86K	$87K	0.4%
INTUIT INC SENIOR UNSECURED NOTE 1.65% DUE 07/15/30 DATED 06/29/20 CALLABLE	Corporate Bonds	—	$86K	$87K	0.4%
TEXAS INSTRUMENTS INC SENIOR UNSECURED NOTE 4.6% DUE 02/08/29 DATED 02/08/24 CALLABLE	—	—	$85K	$86K	0.4%
CHUBB INA HOLDINGS LLC SENIOR UNSECURED NOTE 4.65% DUE 08/15/29 DATED 07/31/24 CALLABLE	—	—	$85K	$86K	0.4%
BANK OF NY MELLON CORP SUBORDINATED NOTE 3.3% DUE 08/23/29 DATED 08/23/17 CALLABLE	—	—	$85K	$85K	0.4%
FEDERAL FARM CREDIT BANK 4% DUE 01/06/28 DATED 01/06/23	—	—	$86K	$85K	0.4%
MID-AMERICA APARTMENTS SENIOR UNSECURED NOTE 4.2% DUE 06/15/28 DATED 05/14/18 CALLABLE	—	—	$79K	$84K	0.4%
CUMMINS INC SENIOR UNSECURED NOTE 0.75% DUE 09/01/25 DATED 08/24/20 CALLABLE	—	—	$85K	$84K	0.4%
FEDERAL HOME LOAN MORTGAGE ASSOC UMBS POOL 3.75% DUE 08/01/28 DATED 08/01/18	—	—	$82K	$84K	0.4%
CITIBANK NA SENIOR UNSECURED NOTE 5.803% DUE 09/29/28 DATED 09/29/23 CALLABLE	—	—	$80K	$83K	0.4%
OKLAHOMA G&E COMPANY SENIOR UNSECURED NOTE 3.8% DUE 08/15/28 DATED 08/17/18 CALLABLE	—	—	$80K	$83K	0.4%
PUBLIC STORAGE SENIOR UNSECURED NOTE 0.875% DUE 02/15/26 DATED 01/19/21 CALLABLE	—	—	$85K	$82K	0.4%
SIMON PROPERTY GROUP LP SENIOR UNSECURED NOTE 2.45% DUE 09/13/29 DATED 09/13/19 CALLABLE	—	—	$82K	$82K	0.4%
BANK OF NOVA SCOTIA SENIOR UNSECURED NOTE 1.35% DUE 06/24/26 DATED 06/24/21 CALLABLE	—	—	$85K	$82K	0.3%
UNILEVER CAPITAL CORP SENIOR UNSECURED NOTE 4.875% DUE 09/08/28 DATED 09/28/23 CALLABLE	—	—	$80K	$82K	0.3%
(Continued) FLORIDA POWER & LIGHT CO FIRST LIEN NOTE 5.05% DUE 04/01/28 DATED 03/03/23 CALLABLE	Corporate Bonds	—	$80K	$82K	0.3%
SAN DIEGO G & E FIRST LIEN NOTE 4.95% DUE 08/15/28 DATED 08/11/23 CALLABLE	—	—	$80K	$81K	0.3%
SSM HEALTH CARE SENIOR UNSECURED NOTE 4.894% DUE 06/01/28 DATED 04/26/23 CALLABLE	—	—	$78K	$81K	0.3%
MAGNA INTERNATIONAL INC SENIOR UNSECURED NOTE 5.05% DUE 03/14/29 DATED 03/14/24 CALLABLE	—	—	$80K	$81K	0.3%
LOCKHEED MARTIN CORPORATION SENIOR UNSECURED NOTE 4.45% DUE 05/15/28 DATED 05/25/23 CALLABLE	—	—	$80K	$80K	0.3%
PFIZER INVESTMENT ENTERPRISES SENIOR UNSECURED NOTE 4.45% DUE 05/19/28 DATED 05/19/23 CALLABLE	—	—	$80K	$80K	0.3%
MITSUBISHI UFJ FINANCIAL GROUP SENIOR UNSECURED NOTE VARIABLE RATE DUE 04/17/26 DATED 04/19/22 CALLABLE	—	—	$80K	$80K	0.3%
BB&T CORPORATION SENIOR UNSECURED NOTE 3.7% DUE 06/05/25 DATED 06/05/18 CALLABLE	—	—	$80K	$80K	0.3%
PAYPAL HOLDINGS INC SENIOR UNSECURED NOTE 3.9% DUE 06/01/27 DATED 05/23/22 CALLABLE	—	—	$80K	$79K	0.3%
JOHNSON & JOHNSON SENIOR UNSECURED NOTE 0.55% DUE 09/01/25 DATED 08/25/20 CALLABLE	—	—	$80K	$79K	0.3%
JOHN DEERE CAPITAL CORP SENIOR UNSECURED NOTE 0.7% DUE 01/15/26 DATED 01/07/21 CALLABLE	—	—	$80K	$78K	0.3%
GENERAL DYNAMICS CORPORATION SENIOR UNSECURED NOTE 1.15% DUE 06/01/26 DATED 05/10/21 CALLABLE	—	—	$80K	$77K	0.3%
SANTA MONTICA-MALIBU CA UNIFIED SCHOOL DISTRICT TAXABLE-REFUNDING GENERAL OBLIGATION UNLIMITED 2.156% DUE 08/01/27 DATED 11/06/19	—	—	$75K	$77K	0.3%
FEDERAL HOME LOAN MORTGAGE CORP UMBS POOL 5% DUE 05/25/39 DATED 11/01/24	—	—	$76K	$76K	0.3%
CATERPILLAR FINANCIAL SERVICES NOTE 4.85% DUE 02/27/29 DATED 02/27/24 CALLABLE	—	—	$75K	$76K	0.3%
PROLOGIS LP SENIOR UNSECURED NOTE 4.875% DUE 06/15/28 DATED 06/28/23 CALLABLE	—	—	$75K	$76K	0.3%
KEY BANK NA SENIOR UNSECURED NOTE 3.3% DUE 06/01/25 DATED 06/01/15 CALLABLE	—	—	$81K	$75K	0.3%
KENTUCKY UTILITIES CO SECURED NOTE 3.3% DUE 10/01/25 DATED 09/28/15 CALLABLE	—	—	$82K	$74K	0.3%
BP CAP MARKETS AMERICA SENIOR UNSECURED NOTE 3.41% DUE 02/11/26 DATED 02/11/19 CALLABLE	—	—	$82K	$74K	0.3%
EMORY UNIVERSITY UNSECURED NOTE 1.566% DUE 09/01/25 DATED 05/20/20 CALLABLE	—	—	$75K	$74K	0.3%
REALTY INCOME CORP SENIOR UNSECURED NOTE 3.65% DUE 01/15/28 DATED 12/06/17 CALLABLE	—	—	$70K	$73K	0.3%
AMAZON.COM INC SENIOR UNSECURED NOTE 0.8% DUE 06/03/25 DATED 06/03/20 CALLABLE	—	—	$70K	$70K	0.3%
CITIGROUP INC SENIOR UNSECURED NOTE VARIABLE RATE DUE 03/20/30 DATED 03/20/19 CALLABLE	—	—	$68K	$68K	0.3%
FEDERAL HOME LOAN MORTGAGE CORP GOLD POOL 3.5% DUE 04/01/30 DATED 12/01/17	—	—	$59K	$60K	0.3%
ONEOK INC SENIOR UNSECURED NOTE 4.4% DUE 10/15/29 DATED 09/24/24 CALLABLE	—	—	$60K	$59K	0.3%
FEDERAL HOME LOAN MORTGAGE CORP REMIC SERIES 2021-5138 CLASS JH 1.5% DUE 03/25/51 DATED 08/01/21	—	—	$93K	$51K	0.2%
J B HUNT TRANSPORT SERVICES INC SENIOR UNSECURED NOTE 4.9% DUE 03/15/30 DATED 03/13/25 CALLABLE	—	—	$50K	$50K	0.2%
ROPER TECHNOLOGIES INC SENIOR UNSECURED NOTE 4.5% DUE 10/15/29 DATED 08/21/24 CALLABLE	—	—	$50K	$50K	0.2%
HORACE MANN EDUCATORS CORPORATION SENIOR UNSECURED NOTE 7.25% DUE 09/15/28 DATED 09/15/23 CALLABLE	—	—	$46K	$49K	0.2%
DIAMONDBACK ENERGY INC SENIOR UNSECURED NOTE 3.5% DUE 12/01/29 DATED 12/05/19 CALLABLE	—	—	$47K	$47K	0.2%
GE HEALTHCARE TECH INC SENIOR UNSECURED NOTE 5.857% DUE 03/15/30 DATED 03/15/23 CALLABLE	—	—	$47K	$47K	0.2%
CAPITAL ONE FINANCIAL CORP SENIOR UNSECURED NOTE VARIABLE RATE DUE 03/01/30 DATED 03/03/22 CALLABLE	—	—	$47K	$47K	0.2%
ENERGY TRANSFER LP SENIOR UNSECURED NOTE 5.25% DUE 07/01/29 DATED 06/21/24 CALLABLE	—	—	$45K	$46K	0.2%
AMERICAN TOWER CORPORATION SENIOR UNSECURED NOTED 5% DUE 01/31/30 DATED 11/21/24 CALLABLE	—	—	$45K	$45K	0.2%
HEWLETT PACKARD ENTERPRISE COMPANY SENIOR UNSECURED NOTE 4.55% DUE 10/15/29 DATED 09/26/24 CALLABLE	—	—	$45K	$45K	0.2%
WRKCO INC SENIOR UNSECURED NOTE 4% DUE 03/15/28 DATED 09/15/18 CALLABLE	—	—	$43K	$44K	0.2%
AIR LEASE CORP SENIOR UNSECURED NOTE 5.85% DUE 12/15/27 DATED 12/5/22 CALLABLE	Corporate Bonds	—	$40K	$41K	0.2%
GENERAL MOTORS FINANCIAL CO SENIOR UNSECURED NOTE 5% DUE 04/09/27 DATED 06/09/22 CALLABLE	—	—	$40K	$40K	0.2%
NUCOR CORP SENIOR UNSECURED NOTE 3.95% DUE 05/23/25 DATED 05/23/22 CALLABLE	—	—	$40K	$40K	0.2%
REPUBLIC SERVICES INC SENIOR UNSECURED NOTE 0.875% DUE 11/15/25 DATED 11/24/20 CALLABLE	—	—	$40K	$39K	0.2%
FACTSET RESEARCH SYSTEMS SENIOR UNSECURED NOTE 2.9% DUE 03/01/27 DATED 03/01/22 CALLABLE	—	—	$40K	$39K	0.2%
GOVERNMENT NATIONAL MORTGAGE REMIC SERIES 2019-136 CLASS P 1.5% DUE 10/20/45 DATED 11/01/19	—	—	$37K	$30K	0.1%
State And Municipal Securities FEDERAL HOME LOAN MORTGAGE CORP GOLD POOL 2.5% DUE 11/01/28 DATE 07/01/15	—	—	$29K	$28K	0.1%
DAIMLER TRUCKS RETAIL TRUST SERIOES 2022-1 CLASS A3 5.23% DUE 02/17/26 DATED 10/19/22	—	—	$15K	$14K	<0.1%