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Original filing (PDF)20251014155344NAL0001647763003
IBEW LOCAL 712 WELFARE TRUST FUND
Form 5500
FILING_RECEIVED
IBEW LOCAL 712 WELFARE TRUST FUND
Health & welfare plan
Signals · 2
No recordkeeper disclosed8 service providers
Active participants
518
Accounts w/ balance
—
Plan assets (EOY)
$95.7M
Net assets (EOY)
$94.5M
How this plan invests
This plan
105 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 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
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 63 bps in Schedule C fees — 291% above peer band of 16 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for IBEW LOCAL 712 WELFARE TRUST FUND.
Plan sponsor
Name
IBEW LOCAL 712 WELFARE TRUST FUND
EIN
25-6037360
Address
5 HOT METAL STREET, SUITE 200 · PITTSBURGH, PA · 152032352
Phone
(412) 432-1125
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
2025-10-14
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4F · Temporary Disability (accident and sickness)
4L · Death Benefits (other than life insurance)
Audit & trust (Schedule H)
Auditor
PACKER THOMAS
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
8 rowsOther
8| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CDS ADMINISTRATORS | — | PITTSBURGH, PA | NONE | $280K | — |
| GRAYSTONE CONSULTING | — | SEWICKLEY, PA | NONE | $128K | — |
| AMERICAN HEALTH HOLDINGS | — | NEW ALBANY, OH | NONE | $66K | — |
| SEGAL | — | CLEVELAND, OH | NONE | $44K | — |
| MEYER, UNKOVIC & SCOTT LLP | 25-4008021 | PITTSBURGH, PA | NONE | $37K | — |
| PACKER THOMAS | 34-1667340 | NEW CASTLE, PA | NONE | $23K | — |
| ALLIED TRADE ASSISTANCE PROGRAM | — | PHILADELPHIA, PA | NONE | $12K | — |
| ZAKIPOINT HEALTH | — | CAMBRIDGE, MA | NONE | $9K | — |
Investments
97 direct securities· $74.3M(78% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF Mutual Fund | — | — | $7.2M | $14.9M | 15.5% | |
| -20- - (i) Net gainor (loss) (h) Date | — | — | — | $5.0M | 5.3% | |
| SellingPrice (c) | — | — | — | $5.0M | 5.3% | |
| Lord Abbett Ultra Short Mutual Fund | — | — | $4.8M | $4.9M | 5.1% | |
| PIA MBS BOND Mutual Fund | — | — | $5.0M | $4.6M | 4.8% | |
| Boyd Watterson GSA Fund, LP | — | — | $4.1M | $4.1M | 4.3% | |
| PGIM High Yield Mutual Fund | — | — | $4.6M | $4.1M | 4.3% | |
| PIA BBB Bond Fund Mutual Fund | — | — | $4.4M | $3.9M | 4.1% | |
| Vanguard FTSE Developed Markets Mutual Fund | — | — | $2.8M | $3.2M | 3.4% | |
| Boyd Watterson U.S. Real Estate Investment Fund, LLC | — | — | $2.5M | $2.0M | 2.1% | |
| Invesco Premier Inst. Money Market Fund | — | — | $1.8M | $1.8M | 1.9% | |
| USA Treasury Note 3.375% due 5/15/2033 | — | — | $1.5M | $1.5M | 1.5% | |
| BNY Mellon AFL-CIO Housing Investment Trust | — | — | $1.3M | $1.2M | 1.2% | |
| USA Treasury Note 2.875% due 5/15/2032 | — | — | $801K | $773K | 0.8% | |
| USA Treasury Note 4.625% due 6/15/2027 | — | — | $736K | $735K | 0.8% | |
| USA Treasury Bond 2.250% due 2/15/2052 | — | — | $968K | $693K | 0.7% | |
| USA Treasury Bond 3.000% due 5/15/2047 | — | — | $849K | $618K | 0.6% | |
| USA Treasury Note 4.000% due 2/15/2034 | — | — | $635K | $613K | 0.6% | |
| USA Treasury Note 1.625% due 2/15/2026 | — | — | $630K | $602K | 0.6% | |
| USA Treasury Note 4.125% due 6/15/2026 | — | — | $593K | $599K | 0.6% | |
| USA Treasury Note 4.500% due 4/15/2027 | — | — | $571K | $573K | 0.6% | |
| USA Treasury Note 4.500% due 5/15/2027 | — | — | $568K | $572K | 0.6% | |
| USA Treasury Note 3.750% due 4/15/2026 | — | — | $474K | $479K | 0.5% | |
| USA Treasury Note 2.875% due 5/15/2028 | — | — | $452K | $449K | 0.5% | |
| USA Treasury Note 2.375% due 5/15/2029 | — | — | $484K | $438K | 0.5% | |
| Bank of America Corp 1.734% due 7/22/227 | — | — | $365K | $383K | 0.4% | |
| USA Treasury Note 0.625% due 5/15/2030 | — | — | $369K | $324K | 0.3% | |
| USA Treasury Note 4.250% due 1/31/2026 | — | — | $289K | $288K | 0.3% | |
| Citigroup Inc 3.668% due 7/24/2028 | — | — | $289K | $285K | 0.3% | |
| Wells Fargo & Co Fixed 3.526% due 3/24/2028 | — | — | $273K | $283K | 0.3% | |
| Federal Home Loan Mortgage 3.500% due 6/1/2052 | — | — | $257K | $228K | 0.2% | |
| Federal Home Loan Mortgage 3.500% due 5/1/2052 | — | — | $253K | $225K | 0.2% | |
| Federal National MTG Association 3.000% due 3/1/2052 | — | — | $254K | $215K | 0.2% | |
| Vmware Inc 1.400% due 8/15/2026 | — | — | $178K | $192K | 0.2% | |
| JPMorgan Chase & Co Fixed 1.470% due 9/22/2027 | — | — | $180K | $192K | 0.2% | |
| Mylan Inc 4.550% due 4/15/2028 | — | — | $193K | $192K | 0.2% | |
| Capital One Financial Corp 1.878% due 11/2/2027 | — | — | $191K | $192K | 0.2% | |
| Federal National MTG Association 2.500% due 5/1/2052 | — | — | $229K | $192K | 0.2% | |
| Boeing 2.196% due 2/4/2026 | — | — | $195K | $191K | 0.2% | |
| Goldman Sachs Group Inc 1.948% due 10/21/2027 | — | — | $178K | $191K | 0.2% | |
| Oracle Corp 2.800% due 4/1/2027 | — | — | $180K | $190K | 0.2% | |
| T-Mobile USA Inc 2.625% due 4/15/2026 | — | — | $185K | $190K | 0.2% | |
| Abbvie Inc 2.950% due 11/21/2026 | — | — | $187K | $189K | 0.2% | |
| Duke Energy Corp 3.150% due 8/15/2027 | — | — | $184K | $189K | 0.2% | |
| Southern Co 3.250% due 7/1/2026 | — | — | $186K | $189K | 0.2% | |
| Energy Transfer LP 4.950% due 5/15/2028 | — | — | $189K | $189K | 0.2% | |
| Exelon Corp 3.400% due 4/15/2026 | — | — | $186K | $189K | 0.2% | |
| Cigna Group 3.400% due 3/1/2027 | — | — | $185K | $189K | 0.2% | |
| JPMorgan Chase & Co Fixed 3.540% due 5/1/2028 | — | — | $183K | $188K | 0.2% | |
| Booking Holdings Inc 3.600% due 6/1/2026 | — | — | $185K | $188K | 0.2% | |
| US Bancorp 4.548% due 7/22/2028 | — | — | $185K | $187K | 0.2% | |
| Dell International LLC 4.900% due 10/1/2026 | — | — | $185K | $187K | 0.2% | |
| Southwest Airlines Co 5.125% due 6/15/2027 | — | — | $185K | $186K | 0.2% | |
| MPLX LP 4.875% due 6/1/2025 | — | — | $184K | $186K | 0.2% | |
| RTX Corp 5.750% due 11/8/2026 | — | — | $185K | $185K | 0.2% | |
| General Motors Co 6.050% due 10/10/2025 | — | — | $184K | $185K | 0.2% | |
| Federal Home Loan Mortgage 2.500% due 5/1/2052 | — | — | $221K | $184K | 0.2% | |
| Bristol-Myers Squibb Co 5.200% due 2/22/2034 | — | — | $173K | $170K | 0.2% | |
| Federal National MTG Association 2.000% due 3/1/2052 | — | — | $207K | $168K | 0.2% | |
| Kenvue Inc 4.900% due 3/22/2033 | — | — | $171K | $167K | 0.2% | |
| Oracle Corp 2.875% due 3/25/2031 | — | — | $149K | $158K | 0.2% | |
| Cencora Inc 5.125% due 2/15/2034 | — | — | $160K | $157K | 0.2% | |
| CVS Health Corp 1.500% due 2/28/2031 | — | — | $147K | $153K | 0.2% | |
| Martin Marietta Materials Inc 2.400% due 7/15/2031 | — | — | $143K | $153K | 0.2% | |
| Thermo Fisher Scientific Inc 4.977% due 8/10/2030 | — | — | $150K | $151K | 0.2% | |
| Amazon.com Inc 4.550% due 12/1/2027 | — | — | $150K | $151K | 0.2% | |
| FMC Corp 5.650% due 5/18/2033 | — | — | $150K | $149K | 0.2% | |
| Nordson Corp 5.800% due 9/15/2033 | — | — | $140K | $144K | 0.2% | |
| Pfizer Investment Enterprises 5.300% due 5/19/2053 | — | — | $150K | $142K | 0.1% | |
| Allegion US Holding Co Inc 5.411% due 7/1/2032 | — | — | $140K | $141K | 0.1% | |
| EIDP Inc 4.800% due 5/15/2033 | — | — | $139K | $136K | 0.1% | |
| Gatx Corp 4.900% due 3/15/2033 | — | — | $139K | $135K | 0.1% | |
| Waste Management Inc 4.150% due 4/15/2032 | — | — | $140K | $132K | 0.1% | |
| Keurig Dr Pepper Inc 4.050% due 4/15/2032 | — | — | $139K | $131K | 0.1% | |
| USA Treasury Note 3.750% due 5/31/2030 | — | — | $111K | $107K | 0.1% | |
| Raytheon Technologies Corp. 6.100% due 3/15/2034 | — | — | $100K | $105K | 0.1% | |
| Brunswick Corp 2.400% due 8/18/2031 | — | — | $115K | $94K | <0.1% | |
| Air Products and Chemicals Inc. 1.850% due 5/15/2027 | — | — | $100K | $94K | <0.1% | |
| Avery Dennison Corp 2.25% due 2/15/2032 | — | — | $110K | $90K | <0.1% | |
| Carlisle Cos Inc 2.200% due 3/1/2032 | — | — | $109K | $90K | <0.1% | |
| Ecolab Inc. 1.300% due 1/30/2031 | — | — | $110K | $89K | <0.1% | |
| Prologis LP. 5.000% due 3/15/2023 | — | — | $80K | $78K | <0.1% | |
| Automatic Data Processing Inc. 3.375% due 9/15/2025 | — | — | $77K | $74K | <0.1% | |
| Goldman Sachs Group Inc. 3.750% due 2/25/2026 | — | — | $74K | $74K | <0.1% | |
| Cintas Corp. 3.700% due 4/1/2027 | — | — | $76K | $74K | <0.1% | |
| Archer-Daniels-Midland Co. 2.500% due 8/11/2026 | — | — | $71K | $73K | <0.1% | |
| S&P Global Inc. 2.500% due 12/1/2029 | — | — | $80K | $72K | <0.1% | |
| Prologis LP. 2.250% due 4/15/2030 | — | — | $79K | $70K | <0.1% | |
| USA Treasury Note 1.625% due 5/15/2031 | — | — | $71K | $68K | <0.1% | |
| Lockheed Martin Corp. 2.800% due 6/15/2050 | — | — | $103K | $63K | <0.1% | |
| Raytheon Technologies Corp. 3.950% due 8/16/2025 | — | — | $61K | $60K | <0.1% | |
| JB Hunt Transport Services Inc. 3.875% due 3/1/2026 | — | — | $60K | $59K | <0.1% | |
| Bank of America Corp. 4.183% due 11/25/2027 | — | — | $60K | $59K | <0.1% | |
| Prudential Financial Inc. 3.878% due 3/27/2028 | — | — | $51K | $48K | <0.1% | |
| Federal Home Loan Mortgage 3.000% due 1/1/2050 | — | — | $44K | $37K | <0.1% | |
| Federal National MTG Association 3.000% due 8/1/2049 | — | — | $34K | $29K | <0.1% | |
| Federal Home Loan Mortgage 3.000% due 4/1/2049 | — | — | $31K | $27K | <0.1% |