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Original filing (PDF)20251015205246NAL0011201858001
PIPE FITTERS LOCAL UNION NO. 120
Form 5500
FILING_RECEIVED
PIPE FITTERS LOCAL UNION NO. 120 SUPPLEMENTAL UNEMPLOYMENT BENEFITS FUND
Health & welfare plan
Signals · 2
37% in single holdingNo recordkeeper disclosed
Active participants
111
Accounts w/ balance
—
Plan assets (EOY)
$10.1M
Net assets (EOY)
$10.0M
How this plan invests
This plan
8 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
85
/ 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
81
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Vanguard Short Term Bond Index Fund" is 37% of plan.
- 72 bps in Schedule C fees — 147% 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 PIPE FITTERS LOCAL UNION NO. 120.
Plan sponsor
Name
PIPE FITTERS LOCAL UNION NO. 120
EIN
23-7457119
Address
6305 HALLE DRIVE · CLEVELAND, OH · 441254617
Phone
(216) 447-3408
Industry
Finance & Insurancesee 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
2025-10-15
Welfare benefit codes
4B · Life Insurance
4C · Supplemental Unemployment
Audit & trust (Schedule H)
Auditor
CIUNI & PANICHI, INC.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsOther
4| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| RACHAEL TIRPAK | 34-0553590 | — | EMPLOYEE | $38K | — |
| CIUNI & PANICHI, INC. | 34-1322309 | — | — | $16K | — |
| THE SEGAL COMPANY | 34-1556987 | — | — | $12K | — |
| ANDCO CONSULTING | 59-3676225 | — | — | $6K | — |
Investments
8 direct securities· $10.4M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Short Term Bond Index Fund | — | — | $4.1M | $3.9M | 38.5% | |
| Vanguard 500 Index Fund | — | — | $2.8M | $3.8M | 38.0% | |
| Federated Hermes Government Obligations Fund $ | — | — | $910K | $910K | 9.0% | |
| Dodge & Cox Income Fund | — | — | $805K | $693K | 6.9% | |
| Vanguard Extended Market Index Fund | — | — | $493K | $499K | 5.0% | |
| $ - Supplemental Schedule II (c) | — | — | — | $411K | 4.1% | |
| (h) asset on Current value oftransaction date $ (g) asset | — | — | — | $107K | 1.1% | |
| Leaserental $ - (d) price | — | — | — | $107K | 1.1% |