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Original filing (PDF)20251015023010NAL0005303920003
BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 32 - NECA PENSION PLAN
Form 5500
FILING_RECEIVED
IBEW LOCAL NO. 32 - NECA PENSION PLAN
Defined-benefit pension plan
Signals · 3
30% in single holdingNo recordkeeper disclosed11 service providers
Active participants
239
Accounts w/ balance
—
Plan assets (EOY)
$41.0M
Net assets (EOY)
$40.8M
How this plan invests
This plan
4 pooled trusts
Schedule D
12 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 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
85
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Common Collective Trusts * IBEW-NECA Equity Index Fund 91,367.1448 shares" is 30% of plan.
- 51 bps in Schedule C fees — 78% 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 BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 32 - NECA PENSION PLAN.
Plan sponsor
Name
BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 32 - NECA PENSION PLAN
EIN
31-6152294
Address
6525 CENTURION DRIVE · LANSING, MI · 489179275
Phone
(844) 683-0683
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
DGPERRY, PLLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
11 rowsOther
11| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| TIC MIDWEST | 13-2600875 | LANSING, MI | NONE | $42K | — |
| CUNI RUST & STRENK | 31-1227755 | CINCINNATI, OH | NONE | $29K | — |
| ALLOTTA FARLEY CO LPA | 34-1316963 | PERRYSBURG, OH | NONE | $23K | — |
| DGPERRY, PLLC | 83-3033790 | CANFIELD, OH | NONE | $22K | — |
| MARINER WEALTH ADVISORS | 80-0861455 | PITTSBURGH, PA | NONE | $20K | — |
| NATIONAL REAL ESTATE ADVISORS LLC | 26-2237421 | WASHINGTON, DC | NONE | $20K | — |
| ULLICO INVESTMENT ADVISORS | 90-0622302 | SILVER SPRINGS, MD | NONE | $18K | — |
| ASB CAPITAL MANAGEMENT | 80-0618452 | BETHESDA, MD | NONE | $13K | — |
| KEYBANK NATIONAL ASSOCIATION | 34-0797057 | CLEVELAND, OH | NONE | $9K | — |
| PNC BANK NATIONAL ASSOCIATION | 22-1146430 | CLEVELAND, OH | NONE | $8K | — |
| EBERTS & HARRISON, INC. | 52-0816262 | MOUNT AIRY, MD | NONE | $6K | — |
Investments
8 direct securities · 4 pooled funds· $39.8M(97% 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
$18.1M
7 holdings
Common Collective Trust
$17.4M
3 holdings
Mutual Funds
$2.6M
1 holding
103-12 Investment Entity
$1.7M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| IBEW-NECA EQUITY INDEX FUND CHEVY CHASE TRUST COMPANY · EIN 31-1772714 / PN 003 | Common Collective Trust | — | $1.5M | $11.9M | 29.0% | |
| Baird Intermediate Bond Fund 677,098.8200 shares | — | — | $7.3M | $7.0M | 17.0% | |
| Vanguard Mid-Cap Index Fund 13,847.7220 shares | — | — | $2.6M | $4.5M | 11.1% | |
| AFL-CIO HOUSING INVESTMENT TRUST AFL-CIO HOUSING INVESTMENT TRUST · EIN 52-6220193 / PN 001 | Common Collective Trust | — | $4.9M | $4.3M | 10.6% | |
| American Europacific Growth Fund 47,819.0130 shares | Mutual Funds | — | $2.0M | $2.6M | 6.3% | |
| DFA International Value Open-End Fund 123,404.1810 shares | — | — | $2.2M | $2.5M | 6.2% | |
| Private Real Estate Investment Trust * INDURE Build-to-Core Fund, LLC 758.4877 units | — | — | $1.4M | $1.8M | 4.5% | |
| ULLICO INFRASTRUCTURE TAX-EXEMPT FU ULLICO INVESTMENT ADVISORS, INC. · EIN 90-0622302 / PN 001 | 103-12 Investment Entity | — | $1.4M | $1.7M | 4.1% | |
| Vanguard Small Cap Index Fund 10,504.2480 shares | — | — | $764K | $1.2M | 3.0% | |
| ASB ALLEGIANCE REAL ESTATE FUND CHEVY CHASE TRUST COMPANY · EIN 52-6257033 / PN 006 | Common Collective Trust | — | $1.2M | $1.2M | 2.9% | |
| Vanguard FTSE Emerging Markets 19,088.0000 shares | — | — | $851K | $841K | 2.1% | |
| Federated Treasury Obligations Instl Shares 236,646.6900 shares | — | — | $237K | $237K | 0.6% |