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Original filing (PDF)20251014174530NAL0001739283002
THE BUILDING INDUSTRY ELECTRICAL CONTRACTORS ASSOCIATION, INC.
Form 5500
FILING_RECEIVED
BUILDING TRADES EDUCATIONAL BENEFIT FUND
Health & welfare plan
Signals · 4
65% in single holding~1250 bps in Sched C feesNo recordkeeper disclosed17 service providers
Active participants
705
Accounts w/ balance
—
Plan assets (EOY)
$6.4M
Net assets (EOY)
$6.2M
How this plan invests
This plan
66 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 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
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "ASSETS HELD BY PNC BANK" is 65% of plan.
- 1250 bps in Schedule C fees — 2304% above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for THE BUILDING INDUSTRY ELECTRICAL CONTRACTORS ASSOCIATION, INC..
Plan sponsor
Name
THE BUILDING INDUSTRY ELECTRICAL CONTRACTORS ASSOCIATION, INC.
EIN
26-1140509
Address
1150 PORTION ROAD, SUITE 19 · HOLTSVILLE, NY · 11742
Phone
(516) 833-9300
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Name
DICKINSON GROUP, LLC
EIN
20-1241472
City
GARDEN CITY, NY
Phone
(516) 833-9300
Plan characteristics
Plan number
502
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Welfare benefit codes
4J · Apprenticeship and Training
Audit & trust (Schedule H)
Auditor
CALIBRE CPA GROUP, PLLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
17 rowsTrustee
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ERIC OLYNIK | 11-3310063 | — | TRUSTEE | $28K | — |
| FRANK RAPPO | 11-3310063 | — | TRUSTEE | $28K | — |
Other
15| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PAUL IACCARINO | 11-3310063 | — | EMPLOYEE | $160K | — |
| SLEVIN & HART, P.C. | 52-1708613 | — | NONE | $114K | — |
| TROY LARSON | 11-3310063 | — | EMPLOYEE | $83K | — |
| ALYSSA GENZMANN | 11-3310063 | — | EMPLOYEE | $78K | — |
| DICKINSON GROUP LLC | 20-1241472 | — | NONE | $72K | — |
| COSTAROTHBORT CPAS LLC | 46-5286678 | — | NONE | $41K | — |
| BARNES, IACCARINO & SHEPHERD LLP | 26-3858697 | — | NONE | $39K | — |
| RAMP UP SAFETY CONSULTING | 83-4679354 | — | NONE | $35K | — |
| HOMSEH LOKENAUTH | 11-3310063 | — | EMPLOYEE | $27K | — |
| CSCNA CORP. | — | EAST MEADOW, NY | NONE | $25K | — |
| PAUL TROPIANO | 11-3310063 | — | EMPLOYEE | $24K | — |
| CALIBRE CPA GROUP PLLC | 47-0900880 | — | NONE | $21K | — |
| AXEL NATEL | 11-3310063 | — | EMPLOYEE | $21K | — |
| REYNOLDS CONSULTING SERVICES, LLC | 20-1899564 | — | NONE | $8K | — |
| PNC BANK | 22-1146430 | — | NONE | $629 | — |
Investments
65 direct securities· $7.4M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| ASSETS HELD BY PNC BANK | — | — | $3.6M | $4.8M | 74.7% | |
| BOYD WATTERSON BOYD WATTERSON GSA FUND | — | — | $794K | $999K | 15.5% | |
| 04.125% DUE 11/15/2027 | — | — | — | $115K | 1.8% | |
| RATING:AAA [91282CKV2) USA TREASURY NOTES 114,676.95 114 .492.85 5.99 % | — | — | — | $115K | 1.8% | |
| 04.500% DUE 04/15/2027 | — | — | — | $114K | 1.8% | |
| 04.500% DUE 05/15/2027 | — | — | — | $113K | 1.8% | |
| 04.625% DUE 06/15/2027 | — | — | — | $111K | 1.7% | |
| 03.750% DUE 04/15/2026 | — | — | — | $96K | 1.5% | |
| SR UNSEC CALL 07/22/2026@ 100 | — | — | — | $80K | 1.2% | |
| SER MTN CALL 03/24/2027 | — | — | — | $59K | 0.9% | |
| SR UNSE C CALL 7/24/27@ 100 | — | — | — | $59K | 0.9% | |
| 04250% DUE 01/31/2026 | — | — | — | $57K | 0.9% | |
| FD# 2644 | — | — | — | $49K | 0.8% | |
| CALL 07/15/2026 UNSC | — | — | — | $40K | 0.6% | |
| SR UNSEC SER VAR CALL 12/6/25 | — | — | — | $40K | 0.6% | |
| SR UNSEC CALL 5/1/2027@ 100 | — | — | — | $39K | 0.6% | |
| CALL 09/21/2026 UNSC | — | — | — | $39K | 0.6% | |
| CALL 01/15/2028 COGT | — | — | — | $39K | 0.6% | |
| RATING:BAA2 [68389XBU8) PRICELINE GROUP INC/fHE 8,885 00 38.493.00 2.02% | — | — | — | $38K | 0.6% | |
| SER WI CALL 03/01/25 @100 COGT | — | — | — | $38K | 0.6% | |
| CALL 02/15/2028 UNSC | — | — | — | $38K | 0.6% | |
| CALL 08/01/2026 SECR | — | — | — | $38K | 0.6% | |
| VAR% DUE 07/22/2027 RATING:Al [0605 1GJS9) BOEING CO | — | — | $9K | $38K | 0.6% | |
| RATING:BAA1 I 125523CB4) CAPITAL ONE FINANCIAL CO 37,675.58 37.797 20 1.98 % | — | — | — | $38K | 0.6% | |
| CALL 10/08/2026 UNSC | — | — | — | $37K | 0.6% | |
| FD# 2644 | — | — | — | $20K | 0.3% | |
| _ _.. FIDELITY TREASURY PORT-IS $19 .720 03 $19,720 03 0.69% | — | — | — | $20K | 0.3% | |
| ISHARES RUSSELL 1000 VALUE [IWD) 1.00 604,634.58 20.94% 443,233.76 161,400.82 1.88% | — | — | — | $11K | 0.2% | |
| .....,......1,__ ISHARES S&P 500 IN DEX F UND [WFSPX) $2.00 $724,350.28 25.08 % $412,801.56 $311,548.72 1.26 % | — | — | — | $9K | 0.1% | |
| ISHARES CORE S&P MID-CAP ETF [IJH) $1.00 $501,907.05 17.38% $327,909.87 $173,997.18 1.33% | — | — | — | $7K | 0.1% | |
| RATING:AAA [91282CKR1 I USA TREASURY NOTES 112,771.34 111,930.18 5.86 % 112,771.34 -841.16 4.59 % | — | — | — | $5K | <0.1% | |
| RATING:AAA [91282CKJ9) USA TREASURY NOTES 54,379.62 113,562.74 5.94 % 113,065.38 497.36 4.48 % | — | — | — | $5K | <0.1% | |
| ISHARES RUSSELL 1000 GROWTH [IWFI 0.77 1,037,682.72 35.93% 456,141.63 581,541.09 0.46% | — | — | — | $5K | <0.1% | |
| � USA TREASURY NOTES $23,822.83 $95,391 36 4.99 % $94,481.84 $909.52 3.78 % | — | — | — | $4K | <0.1% | |
| RATING:A3 [00287YBVO) AIR LEASE CORP 2.00% | — | — | $36K | $3K | <0.1% | |
| � VMWARE INC 1.99 % | — | — | $36K | $2K | <0.1% | |
| RATING:BAA2 [30161NAU5) GENERAL MOTORS FINL CO 10,117.14 38,325.28 2.01 % 38,208.99 116.29 6.00 % | — | — | — | $2K | <0.1% | |
| RATING:BAA2 [37045XDZ6) GOLDMAN SACHS GROUP INC 2.02 % | — | — | $36K | $2K | <0.1% | |
| VAR% DUE 11/02/2027 RATING:BAA1 I 14040HCH6) CITIGROUP INC 57,885.71 57,150.94 2.99 % 57,885.71 -734.77 3.79 % | — | — | — | $2K | <0.1% | |
| ,._. FIDELITY TREASURY PORT-IS $49,113.82 2.57% $49,113.82 4.38% | — | — | — | $2K | <0.1% | |
| R TXCORP 8,183.16 37,658.97 1.97% 37,611.79 47.18 5.65% | — | — | — | $2K | <0.1% | |
| RATING:N/A [928563AJ4) WELLS FARGO & COMPANY 12,648.12 57,225 87 3.00 % 55,676.44 1,549.43 3.64 % | — | — | — | $2K | <0.1% | |
| VAR% DUE 03/24/2028 RATING:Al [95000U2V4) WILLIAMS COMPANIES INC 10,094.44 38,256.12 2.01 % 38,064.60 191.52 5.37 % | — | — | — | $2K | <0.1% | |
| VAR% DUE 12/09/2026 RATING:A2 [38141GXM 1) GOLDMAN SACHS GROUP INC 1.99 % | — | — | $36K | $2K | <0.1% | |
| VAR% DUE 10/21/2027 RATING:A2 [38141GYMO) HCA INC 8,027.14 38,091.96 2.00 % 37,350.52 741.44 5.24 % | — | — | — | $2K | <0.1% | |
| R ATING: BAA1 [842587CV7) SOUTHWES T AIR LINES CO 9,086.71 38,169.48 2.00% 38,157.21 12.27 5.11% | — | — | — | $2K | <0.1% | |
| RATING:BAA2 [26441CAX3) ENABLE MIDSTREAM PARTNER 38,013.76 37,932.74 1.99 % 38,013.76 -81.02 4.96 % | — | — | — | $2K | <0.1% | |
| VAR% DUE 07/24/2028 RATING:A3 I 172967LP 4) D ELL INT LLC / EMC CORP 9,046.36 38,106.02 2.00 % 37,871.65 234.37 4.89 % | — | — | — | $2K | <0.1% | |
| VAR% DUE 09/22/2027 RATING:Al [4664 7PCP9) MPLX LP 9,003.73 37,973.40 1.99% 37,635 55 337.85 4.88% | — | — | — | $2K | <0.1% | |
| R ATING: BAA2 [87264ABU8) TRUIST FINANCIAL CORP 38,243.26 37,801.26 1.98% 38,243.26 - 442.00 4.90% | — | — | — | $2K | <0.1% | |
| RATING:BAA2 [55336VAJ9) MYLAN INC 38,366.64 38,209 08 2.00% 38,366.64 - 157.56 4.65% | — | — | — | $2K | <0.1% | |
| VAR% DUE 01/26/2029 RATING:BAA1 [89788MAL6) US BANCORP 7,974.12 37,689.16 1.98% 37,380.62 308.54 4.59% | — | — | — | $2K | <0.1% | |
| RATING:BAA3 [404119BT5) HP ENT ERPRISE CO 38,063.74 37,601.38 1.97 % 38,063.74 - 462.36 4.45 % | — | — | — | $2K | <0.1% | |
| RATING:N/A [00914AAM4) BANK OF AMERICA CORPORATION 16,169.63 76,266.40 3.99% 73,265 00 3,001.40 1.82% | — | — | — | $1K | <0.1% | |
| JPMO R GAN CHASE & CO 7.790.06 37,895.13 1.99% 36,856.50 1,038.63 3.65% | — | — | — | $1K | <0.1% | |
| EXELON CORP 8,855.38 38,358.06 2.01 % 37,863.48 494.58 3.46 % | — | — | — | $1K | <0.1% | |
| CIGNA CORP 8,773.48 37,923.99 1.99 % 37,405.98 518.01 3.50 % | — | — | — | $1K | <0.1% | |
| RATING: BAA1 [75513EC T6) SOUTHE R N CO 8,816.41 38,196.21 2.00% 37,693.41 502.80 3.32% | — | — | — | $1K | <0.1% | |
| RATING:BAA2 [24703TAE6) DUKE ENERGY CORP 8,666.98 38.411.60 2.01 % 37,557.05 854.55 3.29 % | — | — | — | $1K | <0.1% | |
| ABBVI E INC $8.751.16 $37,886 94 1.99% $37,485.57 $401.37 3.04% | — | — | — | $1K | <0.1% | |
| RATING:BAA3 [628530BK2) ORACLE CORP 8,652 02 38.407.20 2.01% 36.77298 1,634.22 2.92% | — | — | — | $1K | <0.1% | |
| USA TREASURY NOTES 6.00 % 4.48 % | — | — | $5K | $1K | <0.1% | |
| CLASS K | — | — | — | $1K | <0.1% | |
| RATING: BAA1 [844741BK3) T-MOBILE USA INC 8.748.88 38,006.28 1.99% 37,272.18 734.10 270% | — | — | — | $1K | <0.1% | |
| RATING:AAA [91282CGV7) USA TREASURY NOT ES 57,092.18 57,001.14 2.99 % 57,092.18 -91.04 4.25 % 2.422.50 | — | — | — | $1K | <0.1% |
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