Original filing (PDF)20251010135440NAL0008260289001

BOARD OF DIRECTORS OF THE IBEW LOCALS' SAVING & RETIREMENT GROUP TRUST

Name: BOARD OF DIRECTORS OF THE IBEW LOCALS' SAVING & RETIREMENT GROUP TRUST — INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNIONS SAVINGS & SECURITY PLAN, Form 5500 (2024)
Creator: BOARD OF DIRECTORS OF THE IBEW LOCALS' SAVING & RETIREMENT GROUP TRUST

Form 5500

FILING_RECEIVED

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNIONS SAVINGS & SECURITY PLAN

401(k) retirement plan

Signals · 2

No recordkeeper disclosed11 service providers

Active participants

348

Accounts w/ balance

2,667

Plan assets (EOY)

$742.0M

Net assets (EOY)

$741.5M

How this plan invests

This plan

8 pooled trusts

Schedule D

87 securities

funds · stocks · CUSIPs

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

Plan health score (directional)

/ 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

Vendor stack

Participation health

100

Knocking points off

48 bps in Schedule C fees — 693% above peer band of 6 bps.
No recordkeeper disclosed on Schedule C.
Highly fragmented vendor stack (11 disclosed providers, 8 categories).

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF DIRECTORS OF THE IBEW LOCALS' SAVING & RETIREMENT GROUP TRUST.

Plan sponsor

Name

BOARD OF DIRECTORS OF THE IBEW LOCALS' SAVING & RETIREMENT GROUP TRUST

EIN

27-1722149

Address

ONE BRIDGE STREET SUITE 70 · IRVINGTON, NY · 10533

Phone

(914) 591-9200

Industry

Other Services (ex. Public Admin)see all

Plan administrator

Name

PLANMEMBER SERVICES CORPORATION

EIN

77-0309553

City

IRVINGTON, NY

Phone

(914) 591-9200

Plan characteristics

Plan number

023

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-10

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2R · Participant-directed brokerage (SDBA)

2T · Default investment account (QDIA)

Audit & trust (Schedule H)

Auditor

CLIFTONLARSONALLEN LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

11 rows

Custodian

Name	EIN	Location	Relation	Direct comp	Indirect comp
NEWPORT TRUST COMPANY	27-2037969	—	RECORDKEEPER/CUSTODIAN	$291K	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
PLANMEMBER SECURITIES CORP.	95-3706234	—	INVESTMENT ADVISORY TO T	$1.8M	—
PLANMEMBER SECURITIES CORPORATION	95-3706234	—	INVESTMENT ADVISORY	$732K	—
INSTITUTIONAL INVESTMENT CONSULTING	81-0635433	—	INVESTMENT ADVISORY TO T	$110K	—

Trustee

Name	EIN	Location	Relation	Direct comp	Indirect comp
MANAGEMENT GUIDANCE LLP	45-4049785	—	EMPLOYER TRUSTEE	$13K	—

TPA / Administrator

Name	EIN	Location	Relation	Direct comp	Indirect comp
PLANMEMBER FINANCIAL SERVICES	77-0309553	—	CONTRACT ADMINISTRATOR	$250K	—

Accountant / Auditor

Name	EIN	Location	Relation	Direct comp	Indirect comp
CLIFTONLARSONALLEN LLP	41-0746749	—	ACCOUNTING/AUDIT	$36K	—

Legal counsel

Name	EIN	Location	Relation	Direct comp	Indirect comp
SHUMAKER, LOOP & KENDRICK, LLP	34-4439491	—	LEGAL	$28K	—

Insurance

Name	EIN	Location	Relation	Direct comp	Indirect comp
USI INSURANCE SERVICES LLC	13-3771734	—	INSURANCE	$92K	—

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
INSIGHT INVESTMENTS MANAGEMENT	52-1573723	—	INVESTMENT MGT	$138K	—
OFFICIAL OFFSET CORP.	11-1844917	—	PRINTING	$9K	—

Investments

80 direct securities · 8 pooled funds· $787.7M(100% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Uncategorized

$652.9M

80 holdings

Common Collective Trust

$134.8M

8 holdings

Investment	Type	Shares / units	Cost	Current value	% of plan
VANGUARD Elite Index Portfolio III	—	—	—	$98.5M	13.3%
VANGUARD PRIMECAP ADM	—	—	—	$79.0M	10.6%
VANGUARD INSTITUTIONAL INDEX INSTL	—	—	—	$57.8M	7.8%
VANGUARD Elite Index Portfolio II	—	—	—	$56.0M	7.6%
Dodge & Cox Stock X	—	—	—	$50.8M	6.8%
Matrix Brokerage Account	—	—	—	$42.5M	5.7%
U.S. Treasury Prudential Core Conservative Intermediate Bond Fund	—	—	—	$41.5M	5.6%
PRU CORE CONSERV INT BD FD US TREASURY · EIN 23-6994310 / PN 156	Common Collective Trust	—	—	$41.5M	5.6%
T. ROWE PRICE MID-CAP VALUE I	—	—	—	$38.6M	5.2%
Dodge & Cox Income X	—	—	—	$30.4M	4.1%
VANGUARD EXPLORER ADM	—	—	—	$28.5M	3.8%
1-3 YEAR CREDIT BOND INDEX FUND BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. · EIN 27-0382964 / PN 001	Common Collective Trust	—	—	$27.2M	3.7%
VANGUARD Elite Index Portfolio IV	—	—	—	$23.2M	3.1%
PIMCO INCOME INSTL	—	—	—	$18.4M	2.5%
1-3 YEAR GOV'T BOND INDEX FUND BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. · EIN 94-6052283 / PN 001	Common Collective Trust	—	—	$18.3M	2.5%
MORTGAGE-BACKED SEC INDEX FUND PRUDENTIAL TRUST CO · EIN 94-6581672 / PN 001	Common Collective Trust	—	—	$15.8M	2.1%
COHEN&STEERS U.S. REALTY CIT CLASSA SEI TRUST COMPANY · EIN 46-3411346 / PN 064	Common Collective Trust	—	—	$14.5M	2.0%
VANGUARD Elite Index Portfolio I	—	—	—	$12.9M	1.7%
FMI INTERNATIONAL INSTITUTIONAL	—	—	—	$12.9M	1.7%
ASSET-BACKED SEC INDEX FUND BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. · EIN 94-3149402 / PN 001	Common Collective Trust	—	—	$12.6M	1.7%
VANGUARD Elite Index Portfolio V	—	—	—	$11.4M	1.5%
MFS INTERNATIONAL NEW DISCOVERY FD CL	—	—	—	$10.4M	1.4%
Blackrock Commercial Mortgage-Backed Security Fund	—	—	—	$4.9M	0.7%
COMM MORTGAGE-BACK SEC FUND BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. · EIN 94-3333402 / PN 001	Common Collective Trust	—	—	$4.9M	0.7%
VANGUARD GROWTH INDEX ADM	—	—	—	$3.4M	0.5%
Participant Loans - * Rates from 3.25% to 8.50%	—	—	—	$3.3M	0.4%
U.S. Treasury Face value $2,675,000, interest rate 4.00%, due 11/15/2027	—	—	—	$2.7M	0.4%
Blackrock Liquidation Funds	—	—	—	$2.5M	0.3%
First American Government Obligation Fund Class Z	—	—	—	$2.5M	0.3%
VANGUARD Total Bond Market Index ADMIRAL	—	—	—	$1.0M	0.1%
U.S. Treasury Face value $1,035,000, interest rate 4.50%, due 05/15/2027	—	—	—	$1.0M	0.1%
VANGUARD Value Index ADMIRAL	—	—	—	$1.0M	0.1%
GNMA Face value $879,367 interest rate 4.00%, due 4/20/2050	—	—	—	$851K	0.1%
Matrix Brokerage Account- Cash	—	—	—	$787K	0.1%
FNMA Face value $806,547, interest rate 3.00%, due 5/25/2044	—	—	—	$759K	0.1%
FHLM Face value $703,964, interest rate 4.00%, due 9/25/2047	—	—	—	$684K	<0.1%
DBJPM Mortgage Trust Face value $655,000, interest rate 3.071%, due 6/10/2050	—	—	—	$625K	<0.1%
FHLM Face value $658,735, interest rate 2.00%, due 4/25/2041	—	—	—	$609K	<0.1%
BBCMS Mortgage Trust Face value $600,000, interest rate 0.000%, due 12/17/2055	—	—	—	$607K	<0.1%
FNMA Face value $614,133, interest rate 2.50%, due 12/25/2037	—	—	—	$579K	<0.1%
GNMA Face value $617,314, interest rate 2.50%, due 6/20/2036	—	—	—	$570K	<0.1%
VANGUARD MID CAP INDEX ADM	—	—	—	$550K	<0.1%
GNMA Face value $574,292, interest rate 2.00%, due 3/20/2035	—	—	—	$525K	<0.1%
CNH Equipment Trust Face value $506,880, interest rate 5.19%, due 9/17/2029	—	—	—	$513K	<0.1%
CD Commercial Mortgage Trust Face value $520,485, interest rate 0.00%, due 11/10/2049	—	—	—	$508K	<0.1%
FHLM Face value $519,025, interest rate 4.50%, due 9/25/2035	—	—	—	$506K	<0.1%
U.S. Treasury Face value $502,000, interest rate 2.75%, due 5/15/2025	—	—	—	$499K	<0.1%
FNMA Face value $502,175, interest rate 2.50%, due 8/25/2034	—	—	—	$474K	<0.1%
GNMA Face value $490,983, interest rate 3.00%, due 2/20/2046	—	—	—	$472K	<0.1%
FHLM Face value $523,553, interest rate 1.25%, due 2/15/2044	—	—	—	$468K	<0.1%
GNMA Face value $417,048, interest rate 4.50%, due 01/20/2051	—	—	—	$412K	<0.1%
Benchmark Mortgage Trust Face value $400,183, interest rate 0.00%, due 9/17/2054	—	—	—	$403K	<0.1%
FHLM Face value $354,911 interest rate 3.00%, due 02/15/2044	—	—	—	$400K	<0.1%
CD Commercial Mortgage Trust Face value $358,380, interest rate 2.622%, due 8/12/2049	—	—	—	$353K	<0.1%
FNMA Face value $367,500, interest rate 2.75%, due 9/25/2042	—	—	—	$349K	<0.1%
John Deere Face value $344,000, interest rate 0.00%, due 3/15/2029	—	—	—	$348K	<0.1%
U.S. Treasury Face value $350,000, interest rate 0.25%, due 6/30/2025	—	—	—	$343K	<0.1%
Bank Face value $316,326, interest rate 4.128%, due 9/17/2060	—	—	—	$316K	<0.1%
VANGUARD MID-CAP VALUE INDEX ADMIRAL	—	—	—	$295K	<0.1%
FNMA Face value $284,234, interest rate 4.00%, due 12/25/2044	—	—	—	$275K	<0.1%
Nissan Auto Face value $274,458, interest rate 4.580%, due 5/17/2027	—	—	—	$274K	<0.1%
FHLM Face value $286,888, interest rate 2.50%, due 2/25/2038	—	—	—	$274K	<0.1%
Bank Face value $266,995, interest rate 0.000%, due 02/17/2056	—	—	—	$271K	<0.1%
FNMA Face value $282,486, interest rate 2.50%, due 3/25/2047	—	—	—	$268K	<0.1%
VANGUARD SMALL CAP VALUE INDEX ADMIRAL	—	—	—	$263K	<0.1%
BMW Vehicle Lease Trust Face value $400,183, interest rate 4.41%, due 10/25/2027	—	—	—	$259K	<0.1%
GNMA Face value $249,725, interest rate 1.00%, due 10/20/2034	—	—	—	$236K	<0.1%
GM Financial Face value $218,758, interest rate 0.000%, due 2/16/2027	—	—	—	$217K	<0.1%
Carmax Auto Owner Trust Face value $211,172, interest rate 4.89%, due 07/16/2029	—	—	—	$211K	<0.1%
FHLM Face value $207,299, interest rate 2.50%, due 4/15/2043	—	—	—	$199K	<0.1%
John Deere Face value $198,398, interest rate 0.00%, due 2/16/2027	—	—	—	$198K	<0.1%
VANGUARD Mid-Cap Growth Index Admiral	—	—	—	$173K	<0.1%
John Deere Face value $152,078 interest rate 0.00%, due 3/16/2026	—	—	—	$151K	<0.1%
GNMA Face value $137,782, interest rate 3.50%, due 3/20/2049	—	—	—	$129K	<0.1%
VANGUARD SMALL CAP INDEX ADMIRAL	—	—	—	$117K	<0.1%
FHLM Face value $100,824, interest rate 1.50%, due 10/15/2046	—	—	—	$97K	<0.1%
World Omni Face value $92,035 interest rate 3.660%, due 10/15/2027	—	—	—	$92K	<0.1%
VANGUARD DEVELOPED MARKETS INDEX FUND	—	—	—	$80K	<0.1%
Toyota Auto Face value $77,616, interest rate 0.00%, due 4/15/2026	—	—	—	$77K	<0.1%
VANGUARD SMALL CAP GROWTH INDEX ADMIRAL	—	—	—	$74K	<0.1%
GNMA Face value $62,753 interest rate 3.00%, due 11/16/2026	—	—	—	$62K	<0.1%
FNMA Face value $56,529, interest rate 3.00%, due 8/25/2042	—	—	—	$56K	<0.1%
VANGUARD ALL WORLD EX-US SMALL CAP ADM	—	—	—	$55K	<0.1%
AEP Texas Central Transition Face value $50,844, interest rate 2.055%, due 2/01/2027	—	—	—	$51K	<0.1%
VANGUARD REAL ESTATE INDEX - ADMIRAL	—	—	—	$16K	<0.1%
GNMA Face value $14,160 interest rate 3.00%, due 5/16/2029	—	—	—	$14K	<0.1%
INTERMEDIATE TERMCREDIT BOND INDEX BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. · EIN 94-3118549 / PN 001	Common Collective Trust	—	—	$6K	<0.1%
FNMA Face value $2,514, interest rate 3.50%, due 5/25/2041	—	—	—	$3K	<0.1%