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Original filing (PDF)20260216093008NAL0005683827001
IBEW UNION LOCAL 129
Form 5500
FILING_RECEIVED
IBEW LOCAL 129 PENSION FUND PENSION PLAN
Defined-benefit pension plan
Signals · 3
30% in single holdingNo recordkeeper disclosed12 service providers
Active participants
314
Accounts w/ balance
—
Plan assets (EOY)
$122.7M
Net assets (EOY)
$122.4M
How this plan invests
This plan
2 pooled trusts
Schedule D
51 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 Trust * IBEW-NECA Equity Index Fund Common Collective Trust" is 30% of plan.
- 53 bps in Schedule C fees — 429% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for IBEW UNION LOCAL 129.
Plan sponsor
Name
IBEW UNION LOCAL 129
EIN
34-6701406
Address
5600 NEW KING DRIVE, SUITE 330 · TROY, MI · 48098
Phone
(248) 663-2449
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
001
Plan year
2024
Plan year begin
2024-05-01
Tax period
2025-04-30
Filed
2026-02-16
Pension benefit codes
1A · Pay-related DB formula
Audit & trust (Schedule H)
Auditor
DGPERRY
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
12 rowsOther
12| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| NEWPORT INVESTMENT ADVISORS | 34-1625359 | BEACHWOOD, OH | NONE | $113K | — |
| AMERICAN REALTY ADVISORS | 33-0123114 | LOS ANGELES, CA | NONE | $95K | — |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | 83-2454243 | TROY, MI | NONE | $81K | — |
| ULLICO INVESTMENT SERVICES | 90-0622302 | SILVER SPRING, MD | NONE | $72K | — |
| HORIZON ACTUARIAL SERVICES, LLC | 26-1370698 | SILVER SPRING, MD | NONE | $67K | — |
| DGPERRY, PLLC | 83-3033790 | CANFIELD, OH | NONE | $53K | — |
| MARINER WEALTH ADVISORS, LLC | 80-0861455 | WINTER PARK, FL | NONE | $43K | — |
| TODD ASSOCIATES, INC. | 81-4473358 | BEACHWOOD, OH | NONE | $32K | — |
| NATIONAL REAL ESTATE ADVISORS LLC | 26-2237421 | WASHINGTON, DC | NONE | $29K | — |
| ALLOTTA FARLEY CO LPA | 34-1316963 | PERRYSBURG, OH | NONE | $27K | — |
| GARCIA HAMILTON & ASSOCIATES | 76-0589652 | HOUSTON, TX | NONE | $20K | — |
| KEY BANK NATIONAL ASSOCIATION | 34-0797057 | CLEVELAND, OH | NONE | $17K | — |
Investments
47 direct securities · 2 pooled funds· $117.7M(96% 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
$74.2M
46 holdings
Common Collective Trust
$36.6M
1 holding
103-12 Investment Entity
$4.8M
1 holding
Mutual Funds
$2.2M
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 | — | $15.0M | $36.6M | 29.8% | |
| Vanguard Total Intl Stk Index Fund Mutual Fund | — | — | $8.6M | $10.8M | 8.8% | |
| Vanguard Extended Market Index Fund Mutual Fund | — | — | $5.1M | $7.7M | 6.3% | |
| Private Real Estate Investment Trusts * American Core Realty Fund Private Real Estate Investment Trust | — | — | $7.5M | $7.6M | 6.2% | |
| Vanguard Equity Income Fund Mutual Fund | — | — | $5.8M | $6.5M | 5.3% | |
| Ishares Russell 1000 Growth Index Mutual Fund | — | — | $1.3M | $5.9M | 4.8% | |
| Hartford Schroders US Small Cap Mutual Fund | — | — | $5.2M | $5.3M | 4.3% | |
| ULLICO INFRASTRUCTURE TAX EXEMPT FU ULLICO INVESTMENT ADVISORS INC · EIN 90-0622302 / PN 001 | 103-12 Investment Entity | — | $3.1M | $4.8M | 3.9% | |
| Intrepid Income Institutional Mutual Fund | — | — | $3.5M | $3.5M | 2.8% | |
| INDURE Build-to-Core Fund, LLC Private Real Estate Investment Trust | — | — | $3.3M | $3.4M | 2.8% | |
| PIMCO Income Fund Institutional Mutual Fund | — | — | $3.3M | $3.2M | 2.6% | |
| Medalist Partners MBS Total Return Mutual Fund | — | — | $2.4M | $2.3M | 1.9% | |
| Bramshill Multi-Strategy Income Instl Mutual Fund | Mutual Funds | — | $2.1M | $2.2M | 1.8% | |
| Putnam Mortgage Opportunities Fund Mutual Fund | — | — | $2.0M | $2.0M | 1.6% | |
| Nationwide Amundi Strategic Income Fund Mutual Fund | — | — | $1.9M | $1.9M | 1.5% | |
| Holbrook Structured Income I Mutual Fund | — | — | $1.7M | $1.7M | 1.4% | |
| Pioneer Securitized Income Fund Mutual Fund | — | — | $1.6M | $1.6M | 1.3% | |
| ((a) ((b) Identity of issue, borrower, lessor, or similar party par or maturity value ((d) Cost (e) Current Value Money Market Funds Federated Government Obligations Instl Shares Money Market Fund | — | — | $1.5M | $1.5M | 1.3% | |
| U.S. Treasury notes 1.875% due 02/15/2032 $1,340,000 | — | — | $1.2M | $1.2M | 1.0% | |
| Eaton Vance Emerging Markets Mutual Fund | — | — | $1.1M | $1.1M | 0.9% | |
| U.S. Treasury notes 3.500% due 02/15/2033 $730,000 | — | — | $700K | $705K | 0.6% | |
| U.S. Treasury notes 4.000% due 2/15/2034 $645,000 | — | — | $639K | $640K | 0.5% | |
| U.S. Treasury bonds 3.750% due 08/15/2041 $485,000 | — | — | $478K | $438K | 0.4% | |
| Government Mortgage-Backed Securities Fannie Mae 1.500% due 04/01/2052 $488,186 | — | — | $353K | $368K | 0.3% | |
| Fannie Mae 4.000% due 10/01/2052 $376,653 | — | — | $355K | $352K | 0.3% | |
| UU.S. Government Obligations U.S. Treasury bonds 2.500% due 02/15/2045 $490,000 | — | — | $382K | $348K | 0.3% | |
| U.S. Treasury notes 1.125% due 02/15/2031 $375,000 | — | — | $318K | $323K | 0.3% | |
| Freddie Mac 2.500% due 05/01/2051 $311,038 | — | — | $251K | $259K | 0.2% | |
| Freddie Mac 4.000% due 09/01/2052 $241,097 | — | — | $227K | $225K | 0.2% | |
| Comcast Corp 3.400% due 04/01/2030 $235,000 | — | — | $262K | $224K | 0.2% | |
| Fannie Mae 2.500% due 05/01/2051 $249,113 | — | — | $206K | $207K | 0.2% | |
| Fannie Mae 3.000% due 05/01/2052 $236,146 | — | — | $201K | $205K | 0.2% | |
| Freddie Mac 2.500% due 09/01/2052 $237,305 | — | — | $198K | $197K | 0.2% | |
| Fannie Mae 3.500% due 10/01/2052 $213,866 | — | — | $189K | $193K | 0.2% | |
| Freddie Mac 4.000% due 11/01/2052 $205,258 | — | — | $184K | $192K | 0.2% | |
| Fannie Mae 3.000% due 05/01/2052 $219,459 | — | — | $188K | $191K | 0.2% | |
| Freddie Mac 2.500% due 09/01/2042 $213,981 | — | — | $185K | $189K | 0.2% | |
| Freddie Mac 2.500% due 04/01/2052 $224,863 | — | — | $190K | $187K | 0.2% | |
| Schwab US Treasury Money Fund Money Market Fund | — | — | $182K | $182K | 0.1% | |
| U.S. Treasury notes 1.250% due 08/15/2031 $210,000 | — | — | $174K | $179K | 0.1% | |
| Florida Power & Light Co 5.000% due 08/01/2034 $175,000 | — | — | $175K | $176K | 0.1% | |
| Freddie Mac 2.500% due 04/01/2052 $192,141 | — | — | $161K | $160K | 0.1% | |
| Freddie Mac 3.000% due 03/01/2051 $166,775 | — | — | $145K | $145K | 0.1% | |
| Freddie Mac 2.000% due 08/01/2042 $145,530 | — | — | $123K | $124K | 0.1% | |
| Freddie Mac 4.000% due 08/01/2052 $131,795 | — | — | $121K | $123K | 0.1% | |
| Walt Disney Co 2.650% due 01/13/2031 $125,000 | — | — | $120K | $114K | <0.1% | |
| Fannie Mae 3.000% due 04/01/2040 $109,532 | — | — | $115K | $102K | <0.1% | |
| Freddie Mac 3.000% due 11/01/2039 $95,922 | — | — | $101K | $89K | <0.1% | |
| Corporate and Foreign Bonds Citigroup Inc 3.980% due 03/20/2030 $90,000 | — | — | $101K | $88K | <0.1% |