Back to filter
Original filing (PDF)20260209160011NAL0001325985001
BD OF TRUSTEES IBEW LOCAL NO 129 HEALTH AND WELFARE FUND
Form 5500
FILING_RECEIVED
IBEW LOCAL NO 129 HEALTH AND WELFARE FUND
Health & welfare plan
Signals · 3
~820 bps in Sched C feesNo recordkeeper disclosed10 service providers
Active participants
316
Accounts w/ balance
—
Plan assets (EOY)
$7.2M
Net assets (EOY)
$4.8M
How this plan invests
This plan
57 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
- 820 bps in Schedule C fees — 1477% 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 BD OF TRUSTEES IBEW LOCAL NO 129 HEALTH AND WELFARE FUND.
Plan sponsor
Name
BD OF TRUSTEES IBEW LOCAL NO 129 HEALTH AND WELFARE FUND
EIN
34-6608616
Address
5600 NEW KING DRIVE · TROY, MI · 48098
Phone
(440) 233-7156
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Name
SOLXSYS ADMINISTRATIVE SOLUTIONS HEATHER CARMAN
EIN
83-2454243
City
TROY, MI
Phone
(248) 663-2449
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-05-01
Tax period
2025-04-30
Filed
2026-02-09
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
DGPERRY, PLLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
10 rowsTrustee
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MARC SCHUESZLER | — | TROY, MI | TRUSTEE | $6K | — |
| MICHAEL RUSSELLE | — | TROY, MI | TRUSTEE | $5K | — |
Other
8| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ANTHEM | 31-1440175 | INDIANAPOLIS, IN | NONE | $241K | — |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | 83-2454243 | TROY, MI | NONE | $160K | — |
| DGPERRY, PLLC | 83-3033790 | CANFIELD, OH | NONE | $53K | — |
| ALLOTTA FARLEY CO LPA | 34-1316963 | PERRYSBURG, OH | NONE | $53K | — |
| SEGAL GROUP, INC | 06-0839113 | NEW YORK, NY | NONE | $52K | — |
| IFEBP | — | BROOKFIELD, WI | NONE | $9K | — |
| ANCORA | 33-1033773 | CLEVELAND, OH | NONE | $6K | — |
| KEY BANK NATIONAL ASSOCIATION | 34-0797057 | CLEVELAND, OH | NONE | $5K | — |
Investments
50 direct securities· $3.5M(49% of reported assets)
Uncategorized
$3.1M
48 holdings
Mutual Funds
$266K
1 holding
Corporate Bonds
$123K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Dimensional US Core Equity Market Mutual Fund | Mutual Funds | — | $288K | $266K | 3.7% | |
| Vaneck Vectors Morningstar Wide Mutual Fund | — | — | $243K | $232K | 3.2% | |
| Cigna Corp 125,000 Bonds, 4.375%, Matures 10/15/2028 | — | — | $142K | $125K | 1.7% | |
| American Express Co 125,000 Bonds, 3.125%, Matures 5/20/2026 | Corporate Bonds | — | $136K | $123K | 1.7% | |
| Starbucks Corp 115,000 Bonds, 3.80%, Matures 8/15/2025 | — | — | $131K | $115K | 1.6% | |
| Federal Farm CR Banks 100,000 Bonds, 5.25%, Matures 1/22/2031 | — | — | $100K | $100K | 1.4% | |
| Morgan Stanley 100,000 Bonds, 4.350%, Matures 9/8/2026 | — | — | $99K | $100K | 1.4% | |
| Stryker Corp 100,000 Bonds, 3.50%, Matures 3/15/2026 | — | — | $110K | $99K | 1.4% | |
| United States Treas NTS 100,000 Bonds, 3.625%, Matures 9/30/2031 | — | — | $98K | $98K | 1.4% | |
| American Honda Finance Corp 100,000 Bonds, 2.350%, Matures 1/8/2027 | — | — | $100K | $97K | 1.3% | |
| Federal Farm CR Banks 100,000 Bonds, 1.74%, Matures 6/3/2030 | — | — | $89K | $90K | 1.3% | |
| Dimensional International CR EQ MKT Mutual Fund | — | — | $78K | $84K | 1.2% | |
| Electronic Arts Inc 84,000 Bonds, 4.800%, Matures 3/1/2026 | — | — | $100K | $84K | 1.2% | |
| Goldman Sachs GQG Partners International Mutual Fund | — | — | $74K | $81K | 1.1% | |
| United Parcel Service Inc 75,000 Bonds, 4.450%, Matures 4/1/2030 | — | — | $74K | $76K | 1.0% | |
| PPL Electric Utilities Corp 75,000 Bonds, 5.000%, Matures 5/15/2033 | — | — | $75K | $75K | 1.0% | |
| United States Treas NTS 75,000 Bonds, 4.250%, Matures 5/31/2025 | — | — | $74K | $75K | 1.0% | |
| State Street Corp 75,000 Bonds, 4.675%, Matures 10/22/2032 | — | — | $74K | $75K | 1.0% | |
| Apple Inc 75,000 Bonds, 3.350%, Matures 2/9/2027 | — | — | $72K | $74K | 1.0% | |
| Citigroup Inc 75,000 Bonds, 4.075%, Matures 4/23/2029 | — | — | $72K | $74K | 1.0% | |
| PPG Industries Inc 75,000 Bonds, 1.200%, Matures 3/15/2026 | — | — | $68K | $73K | 1.0% | |
| Blackrock Inc 75,000 Bonds, 3.250%, Matures 4/30/2029 | — | — | $70K | $73K | 1.0% | |
| Archer-Daniels-Midland Co 75,000 Bonds, 3.250%, Matures 3/27/2030 | — | — | $70K | $71K | 1.0% | |
| Exxon Mobil Corporation 75,000 Bonds, 2.610%, Matures 10/15/2030 | — | — | $67K | $69K | 1.0% | |
| Bristol-Myers Squibb Co 50,000 Bonds, 4.900%, Matures 2/22/2029 | — | — | $51K | $51K | 0.7% | |
| Amgen Inc 50,000 Bonds, 5.150%, Matures 3/2/2028 | — | — | $50K | $51K | 0.7% | |
| Meta Platforms Inc 50,000 Bonds, 4.600%, Matures 5/15/2028 | — | — | $50K | $51K | 0.7% | |
| Anheuser- Busch Inbev Worldwide Inc 50,000 Bonds, 4.750%, Matures 1/23/2029 | — | — | $49K | $51K | 0.7% | |
| Dimensional US Small Cap Value Mutual Fund | — | — | $54K | $50K | 0.7% | |
| American Honda Finance Corp 50,000 Bonds, 4.700%, Matures 1/12/2028 | — | — | $50K | $50K | 0.7% | |
| Waste Management Inc 50,000 Bonds, 4.800%, Matures 3/15/2032 | — | — | $50K | $50K | 0.7% | |
| Estee Lauder Cos Inc 50,000 Bonds, 4.375%, Matures 5/15/2028 | — | — | $48K | $50K | 0.7% | |
| Federal Farm CR Banks 50,000 Bonds, 5.10%, Matures 4/1/2033 | — | — | $50K | $50K | 0.7% | |
| U.S. Government Backed Securities United States Treas NTS 50,000 Bonds, 3.500%, Matures 1/31/2030 | — | — | $50K | $50K | 0.7% | |
| PNC Financial Services Group Inc. 50,000 Bonds, 5.068%, Matures1/24/2034 | — | — | $50K | $49K | 0.7% | |
| BP Cap Markets America Inc 50,000 Bonds, 3.937%, Matures 9/21/2028 | — | — | $49K | $49K | 0.7% | |
| Goldman Sachs Group Inc 50,000 Bonds, 3.615%, Matures 3/15/2028 | — | — | $50K | $49K | 0.7% | |
| John Deere Capital Corp 50,000 Bonds, 2.350%, Matures 3/8/2027 | — | — | $48K | $49K | 0.7% | |
| Bristol-Myers Squibb Co 50,000 Bonds, 3.400%, Matures 7/26/2029 | — | — | $47K | $48K | 0.7% | |
| JP Morgan Chase & Co 50,000 Bonds, 1.470%, Matures 9/22/2027 | — | — | $49K | $48K | 0.7% | |
| McDonalds Corp 50,000 Bonds, 2.125%, Matures 3/1/2030 | — | — | $42K | $45K | 0.6% | |
| JP Morgan Hedged Equity LDRD OVRLY Mutual Fund | — | — | $45K | $42K | 0.6% | |
| JP Morgan Chase & Co 25,000 Bonds, 6.087%, Matures 10/23/2029 | — | — | $25K | $26K | 0.4% | |
| Apple Inc 25,000 Bonds, 4.300%, Matures 5/10/2033 | — | — | $25K | $25K | 0.3% | |
| Money Market Funds Federated Government Obligations Inst I Money Market Fund | — | — | $25K | $25K | 0.3% | |
| Federal Farm CR Banks 25,000 Bonds, 4.05%, Matures 5/17/2029 | — | — | $25K | $25K | 0.3% | |
| National Rural Utils Coop Fin Corp 25,000 Bonds, 3.400%, Matures 2/7/2028 | — | — | $23K | $24K | 0.3% | |
| Intel Corp 25,000 Bonds, 3.900%, Matures 3/25/2030 | — | — | $24K | $24K | 0.3% | |
| Visa Inc 25,000 Bonds, 2.05%, Matures 4/15/2030 | — | — | $21K | $23K | 0.3% | |
| Prudential Financial Inc 25,000 Bonds, 2.100%, Matures 3/10/2030 | — | — | $22K | $23K | 0.3% |