Original filing (PDF)20260217135541NAL0007948274001

ELECTRICIANS WELFARE FUND LOCAL NO. 81 JOINT BOARD OF TRUSTEES

Name: ELECTRICIANS WELFARE FUND LOCAL NO. 81 JOINT BOARD OF TRUSTEES — ELECTRICAL WORKERS IBEW LOCAL 81 HEALTH & WELFARE, Form 5500 (2024)
Creator: ELECTRICIANS WELFARE FUND LOCAL NO. 81 JOINT BOARD OF TRUSTEES

Form 5500

FILING_RECEIVED

ELECTRICAL WORKERS IBEW LOCAL 81 HEALTH & WELFARE

Health & welfare plan

Signals · 4

23% employer stock~371 bps in Sched C feesNo recordkeeper disclosed8 service providers

Active participants

425

Accounts w/ balance

—

Plan assets (EOY)

$17.8M

Net assets (EOY)

$17.2M

How this plan invests

This plan

130 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

23% of plan in employer / sponsor stock.
371 bps in Schedule C fees — 1179% 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 ELECTRICIANS WELFARE FUND LOCAL NO. 81 JOINT BOARD OF TRUSTEES.

Plan sponsor

Name

ELECTRICIANS WELFARE FUND LOCAL NO. 81 JOINT BOARD OF TRUSTEES

EIN

24-6021365

Address

431 WYOMING AVENUE · SCRANTON, PA · 18503

Phone

(570) 344-5711

Industry

Electrical Contractors· Constructionsee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

501

Plan year

2024

Plan year begin

2024-05-01

Tax period

2025-04-30

Filed

2026-02-17

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4E · Vision

4F · Temporary Disability (accident and sickness)

4L · Death Benefits (other than life insurance)

Audit & trust (Schedule H)

Auditor

MMQ & ASSOCIATES P.C.

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

8 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
HIGHMARK INC	23-1294723	—	—	$406K	—
FABIAN & BYRN LLC	25-1914887	—	—	$77K	—
PEOPLES SECURITY BANK & TRUST	24-0729120	—	—	$44K	—
THE MCKEOGH COMPANY	23-3003375	—	—	$44K	—
SAV-RX PRESCRIPTION SERVICES	47-0527013	—	—	$43K	—
MMQ & ASSOCIATES P.C.	23-2226550	—	—	$21K	—
KANG HAGGERTY	23-2220388	—	—	$13K	—
MERANZE KATZ & GAUDIOSO, P.C.	23-1496747	—	—	$13K	—

Investments

126 direct securities· $14.4M(81% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
Federated Government Trust U.S. Treasury Cash Fund	—	—	$1.0M	$1.0M	5.7%
Bank of Montreal Note, 1.850%, Due 05/01/25	—	—	$500K	$500K	2.8%
Manufacturers & Traders TR Note, 4.700%, Due 01/27/28	—	—	$343K	$352K	2.0%
United States Treasury Agency, 3.875%, Due 10/15/27	—	—	$249K	$251K	1.4%
BNY Mellon NA Certificate of Deposit	—	—	$250K	$250K	1.4%
Bank Nova Scotia B C Note, 1.300%, Due 06/11/25	—	—	$251K	$249K	1.4%
Bank of America Corp Note, 1.658%, Due 03/11/27	—	—	$250K	$244K	1.4%
Caterpillar Finl Srvcs Note, 0.900%, Due 03/02/26	—	—	$250K	$243K	1.4%
Boeing Co Note, 2.250%, Due 06/15/26	—	—	$248K	$243K	1.4%
PNC Finl Svcs Group Note, 1.150%, Due 08/13/26	—	—	$250K	$240K	1.3%
Emerson Elec Co Note, 0.875%. Due 10/15/26	—	—	$250K	$238K	1.3%
Federal Home Loan Bank Agency, 1.000%, Due 03/25/27	—	—	$250K	$238K	1.3%
Canadian IMP BK Comm Note, 1.000%, Due 08/19/26	—	—	$249K	$237K	1.3%
Johnson & Johnson Note, 0.950%, Due 09/01/27	—	—	$244K	$234K	1.3%
Truist Finl Corp Note, 1.125%, Due 08/03/27	—	—	$250K	$233K	1.3%
JPMorgan Chase & Co Note, 1.000%, Due 04/30/27	—	—	$250K	$233K	1.3%
Truist Bank Global Note, 2.250%, Due 03/11/30	—	—	$247K	$220K	1.2%
Federal Farm Cr Bank Agency, 4.125%, Due 12/15/32	—	—	$195K	$199K	1.1%
Wells Fargo & Co Note, 3.196%, Due 06/17/27	—	—	$200K	$197K	1.1%
Microsoft Corp Common Stock	—	—	$13K	$192K	1.1%
International Business Machs Note, 1.700%, Due 05/15/27	—	—	$199K	$190K	1.1%
Apple Computer Inc Common Stock	—	—	$22K	$183K	1.0%
Comcast Corp Note, 1.950%, Due 01/15/31	—	—	$199K	$173K	1.0%
Ameren Ill Co Note, 1.550%, Due 11/15/30	—	—	$198K	$172K	1.0%
Costco WHSL Corp Common Stock	—	—	$89K	$161K	0.9%
Goldman Sachs Group Inc Common Stock	—	—	$98K	$159K	0.9%
Coca Cola Co Note, 2.250%, Due 01/05/32	—	—	$164K	$154K	0.9%
Federal Farm Cr Bank Agency, 4.500%, Due 07/27/26	—	—	$150K	$151K	0.8%
United Fid Bank FSB Certificate of Deposit	—	—	$150K	$150K	0.8%
Honeywell Intl Inc Note, 4.250%, Due 01/15/29	—	—	$147K	$150K	0.8%
Amazon Common Stock	—	—	$63K	$150K	0.8%
Caterpillar Finl Srvcs Note, 0.800%, Due 11/13/25	—	—	$149K	$147K	0.8%
SPDR Technology Mutual Funds	—	—	$98K	$145K	0.8%
John Deere Cap Corp Note, 1.750%, Due 03/09/27	—	—	$152K	$144K	0.8%
Apple Inc. Note, 1.200%, Due 02/08/28	—	—	$150K	$140K	0.8%
Unilever Cap Corp Note, 2.125%, Due 09/06/29	—	—	$150K	$138K	0.8%
Honeywell Intl Inc Note, 1.950%, Due 06/01/30	—	—	$153K	$133K	0.7%
Amazon Com Inc Note, 1.500%, Due 06/03/30	—	—	$142K	$132K	0.7%
Bristol-Myers Squibb Co Note, 0.750%, Due 11/13/25	—	—	$125K	$123K	0.7%
Barclays Bank PLC Note, 1.600%, Due 07/27/26	—	—	$125K	$121K	0.7%
Qualcomm Inc Common Stock	—	—	$51K	$120K	0.7%
Mastercard Inc CL A Common Stock	—	—	$5K	$119K	0.7%
Wal Mart Stores Inc Common Stock	—	—	$25K	$118K	0.7%
Home Depot Inc Common Stock	—	—	$53K	$117K	0.7%
Deere & Co Common Stock	—	—	$87K	$113K	0.6%
Alphabet Inc CL C Common Stock	—	—	$9K	$104K	0.6%
Bristol-Myers Squibb Co Note, 5.100%, Due 02/22/31	—	—	$100K	$103K	0.6%
Alphabet Inc CL A Common Stock	—	—	$9K	$103K	0.6%
Colgate Palmolive Co Note, 4.600%, Due 03/01/28	—	—	$100K	$102K	0.6%
Eli Lilly & Co Note, 4.500%, Due 02/09/29	—	—	$100K	$101K	0.6%
Prudential Financial Inc Note, 4.450%, Due 11/15/27	—	—	$100K	$101K	0.6%
Bank New York Mellon Corp Note, 4.947%, Due 04/26/27	—	—	$100K	$101K	0.6%
United States Treasury Agency, 4.250%, Due 10/15/25	—	—	$99K	$100K	0.6%
Morgan Stanley Private Bank Certificate of Deposit	—	—	$100K	$100K	0.6%
CitiGroup Global Mkt Holdings Note, 4.100%, Due 08/15/25	—	—	$100K	$100K	0.6%
Pfizer Inc Note, 0.800%, Due 05/28/25	—	—	$100K	$100K	0.6%
Florida Power & Light Co Note, 4.800%, Due 05/15/33	—	—	$98K	$99K	0.6%
Intuit Note, 0.950%, Due 07/15/25	—	—	$100K	$99K	0.6%
Lockheed Martin Corp Note, 4.750%, Due 02/15/34	—	—	$99K	$99K	0.6%
Booking Holdings Inc Note, 3.550%, Due 03/15/28	—	—	$101K	$98K	0.6%
AstraZeneca Note, 1.200%, Due 05/28/26	—	—	$99K	$97K	0.5%
Wells Fargo & Co Note, 3.000%, Due 04/17/28	—	—	$100K	$96K	0.5%
Abbvie, Inc Common Stock	—	—	$24K	$95K	0.5%
Emerson Elec Co Note, 1.800%, Due 10/15/27	—	—	$100K	$95K	0.5%
Stanford Univ Calif Note, 1.289%, Due 06/01/27	—	—	$101K	$94K	0.5%
Toronto Dominion Bank NY BRH Note, 1.000%, Due 02/26/27	—	—	$100K	$94K	0.5%
Alphabet Inc Note, 0.800%, Due 08/15/27	—	—	$100K	$94K	0.5%
Adobe Inc Common Stock	—	—	$78K	$91K	0.5%
JP Morgan Chase & Co Common Stock	—	—	$13K	$89K	0.5%
Meta Platforms Inc CL A Common Stock	—	—	$59K	$89K	0.5%
Abbott Labs Note, 1.400%, Due 06/30/30	—	—	$100K	$88K	0.5%
Alabama Pwr Co Note, 1.450%, Due 09/15/30	—	—	$91K	$86K	0.5%
Ecolab Inc Common Stock	—	—	$47K	$81K	0.5%
Northern TR Corp Note, 6.125%, Due 11/02/32	—	—	$73K	$81K	0.5%
Vodafone Group PLC Common Stock	—	—	$140K	$79K	0.4%
American Express Co Common Stock	—	—	$11K	$78K	0.4%
Berkshire Hathaway "B" New Common Stock	—	—	$12K	$77K	0.4%
Caterpillar Inc Common Stock	—	—	$53K	$75K	0.4%
Lilly Eli & Co Common Stock	—	—	$26K	$73K	0.4%
Procter & Gamble Common Stock	—	—	$25K	$66K	0.4%
Cisco Sys Inc Common Stock	—	—	$19K	$63K	0.4%
Southern Co Common Stock	—	—	$28K	$60K	0.3%
Waste Management Inc Common Stock	—	—	$39K	$57K	0.3%
Amazon Com Inc Note, 4.650%, Due 12/01/29	—	—	$50K	$51K	0.3%
Meta Platforms Inc Note, 4.950%, Due 05/15/33	—	—	$50K	$51K	0.3%
Thermo Fisher Scientific Inc Note, 4.950%, Due 11/21/32	—	—	$50K	$51K	0.3%
Federal Farm Cr Bank Agency, 4.500%, Due 08/08/33	—	—	$50K	$51K	0.3%
IBM Intl C Pte Ltd Note, 4.600%, Due 02/05/27	—	—	$50K	$50K	0.3%
Blackrock Inc Note, 4.750%, Due 05/25/33	—	—	$49K	$50K	0.3%
Morgan Stanley Note, 3.875%, Due 01/27/26	—	—	$49K	$50K	0.3%
Novo-Nordisk Common Stock	—	—	$82K	$50K	0.3%
Procter and Gamble Co Note, 2.450%, Due 11/01/26	—	—	$50K	$49K	0.3%
Comcast Corp Note, 2.350%, Due 01/15/27	—	—	$50K	$49K	0.3%
National Rural Utils Coop Note, 2.050%, Due 02/15/27	—	—	$50K	$48K	0.3%
Eaton Corp Note, 4.000%, Due 11/02/32	—	—	$47K	$48K	0.3%
JPMorgan Chase & Co Note, 2.500%, Due 08/28/28	—	—	$50K	$47K	0.3%
Automatic Data Processing Note, 1.700%, Due 05/15/28	—	—	$50K	$47K	0.3%
Kimberly - Clark Corp Note, 1.050%, Due 09/15/27	—	—	$49K	$47K	0.3%
Nvidia Corporation Note, 1.550%, Due 06/15/28	—	—	$50K	$47K	0.3%
Boeing Co Common Stock	—	—	$27K	$45K	0.2%
JPMorgan Chase & Co Note, 2.500%, Due 08/28/30	—	—	$50K	$44K	0.2%
Air Product and Chemicals Inc Common Stock	—	—	$12K	$44K	0.2%
Lockheed Martin Corp Common Stock	—	—	$26K	$39K	0.2%
Microchip Technology Inc Common Stock	—	—	$13K	$37K	0.2%
Novartis AG Common Stock	—	—	$19K	$37K	0.2%
Vanguard Small Cap ETF Mutual Funds	—	—	$31K	$37K	0.2%
Vanguard Real Estate Mutual Funds	—	—	$43K	$36K	0.2%
Verizon Communications Common Stock	—	—	$27K	$36K	0.2%
Amgen Inc Common Stock	—	—	$31K	$35K	0.2%
Emerson Electric Co Common Stock	—	—	$15K	$34K	0.2%
Fastenal Co Common Stock	—	—	$6K	$33K	0.2%
Target Corp Common Stock	—	—	$48K	$31K	0.2%
Dominion Energy Inc Common Stock	—	—	$37K	$31K	0.2%
Pfizer Inc Common Stock	—	—	$18K	$30K	0.2%
Medtronic PLC Common Stock	—	—	$12K	$27K	0.2%
Wells Fargo Bank Natl Assn Certificate of Deposit	—	—	$25K	$25K	0.1%
Morgan Stanley Fin LLC Note, 5.250%, Due 01/17/31	—	—	$25K	$25K	0.1%
Thomas Jefferson University Note, 2.368%, Due 11/01/25	—	—	$23K	$25K	0.1%
Air Products & Chemicals Inc Note, 1.850%, Due 05/15/27	—	—	$25K	$24K	0.1%
JPMorgan Chase & Co Note, 2.500%, Due 07/31/28	—	—	$25K	$24K	0.1%
Enbridge Common Stock	—	—	$7K	$23K	0.1%
ChevronTexaco Corp Common Stock	—	—	$13K	$22K	0.1%
Exxon Mobil Corp Common Stock	—	—	$15K	$21K	0.1%
Danaher Corp Common Stock	—	—	$19K	$16K	<0.1%
Zoetis Inc Common Stock	—	—	$13K	$13K	<0.1%
Nike Inc Common Stock	—	—	$18K	$11K	<0.1%