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Original filing (PDF)20251009120434NAL0016016754001
TRUSTEES OF PIPE FITTERS WELFARE FUND
Form 5500
FILING_RECEIVED
PIPE FITTERS WELFARE FUND, LOCAL 597
Health & welfare plan
Signals · 4
94% in single holding~390 bps in Sched C feesNo recordkeeper disclosed41 service providers
Active participants
6,745
Accounts w/ balance
—
Plan assets (EOY)
$342.1M
Net assets (EOY)
$325.0M
How this plan invests
This plan
1 pooled trust
Schedule D
37 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 "For the Period January 01, 2024 - December 31" is 94% of plan.
- 390 bps in Schedule C fees — 3799% 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 TRUSTEES OF PIPE FITTERS WELFARE FUND.
Plan sponsor
Name
TRUSTEES OF PIPE FITTERS WELFARE FUND
EIN
36-2141703
Address
45 NORTH OGDEN AVENUE · CHICAGO, IL · 60607
Phone
(312) 633-0597
Industry
Plumbing, Heating, AC Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-09
Welfare benefit codes
4A · Health (other than dental or vision)
4D · Dental
4E · Vision
4F · Temporary Disability (accident and sickness)
4L · Death Benefits (other than life insurance)
4Q · Other
Audit & trust (Schedule H)
Auditor
LEGACY PROFESSIONALS LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
41 rowsOther
41| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MARATHON HEALTH LLC | 26-0103977 | — | NONE | $4.1M | — |
| BLUE CROSS BLUE SHIELD OF ILLINOIS | 36-1236610 | — | NONE | $2.9M | — |
| EXPRESS SCRIPTS, INC. | 43-1420563 | — | NONE | $2.7M | — |
| JOHNSON & KROL, LLC | 36-4342024 | — | NONE | $334K | — |
| NATIONAL INVESTMENT SERVICES, INC. | 84-3937993 | — | NONE | $332K | — |
| BRIDGEWAY BENEFIT TECHNOLOGIES LLC | 52-1796473 | — | NONE | $293K | — |
| RX SAVINGS SOLUTIONS | 26-3642434 | — | NONE | $246K | — |
| DELTA DENTAL OF IL | 36-2612058 | — | NONE | $224K | — |
| LEGACY PROFESSIONALS LLP | 32-0043599 | — | NONE | $167K | — |
| KEPRO | — | HARRISBURG, PA | NONE | $160K | — |
| KATIE COLBERT | 36-2141703 | — | EMPLOYEE | $158K | — |
| NICHOLE LINHARDT | 36-2141703 | — | EMPLOYEE | $147K | — |
| ZELIS PAYMENTS HOLDING, LLC | 84-3069529 | — | NONE | $146K | — |
| CATHERINE TYREE | 36-2141703 | — | EMPLOYEE | $130K | — |
| COLLEEN MORIARTY | 36-2141703 | — | EMPLOYEE | $123K | — |
| SILVIA MORENO | 36-2141703 | — | EMPLOYEE | $98K | — |
| SHEILA JACKSON | 36-2141703 | — | EMPLOYEE | $94K | — |
| COLETTE AZZARO | 36-2141703 | — | EMPLOYEE | $87K | — |
| CASSANDRA TYREE | 36-2141703 | — | EMPLOYEE | $87K | — |
| CARLY FLAHERTY | 36-2141703 | — | EMPLOYEE | $86K | — |
| JUAN GARCIA-PEREZ | 36-2141703 | — | EMPLOYEE | $82K | — |
| MARY BETH TYTUS | 36-2141703 | — | EMPLOYEE | $78K | — |
| BOND BROTHERS | 36-2433269 | — | NONE | $70K | — |
| PHILLIP HAYES | 36-2141703 | — | EMPLOYEE | $60K | — |
| WEX HEALTH INC. | 06-1593514 | — | NONE | $58K | — |
| GREEN LIGHT | 45-5248276 | — | NONE | $48K | — |
| EYEMED VISION CARE | 31-1656473 | — | NONE | $47K | — |
| DANA GARRETT | 36-2141703 | — | EMPLOYEE | $44K | — |
| MICHELLE STRIMAITIS | 36-2141703 | — | EMPLOYEE | $42K | — |
| STRATEGIC CAPITAL INVESTMENT ADV. | 36-4268991 | — | NONE | $36K | — |
| PITNEY BOWES INC. | — | CHICAGO, IL | NONE | $33K | — |
| BRIANNE MURRAY | 36-2141703 | — | EMPLOYEE | $28K | — |
| SINGLE CLICK IT | 81-1338818 | — | NONE | $25K | — |
| MORGAN, LEWIS & BOCKIUS LP | 23-0891050 | — | NONE | $12K | — |
| NORTHERN TRUST CORPORATION | 36-2723087 | — | NONE | $11K | — |
| MIDWEST EMPLOYEE BENEFIT FUNDS | — | COUNTRYSIDE, IL | NONE | $10K | — |
| COMERICA BANK | 42-1741646 | — | NONE | $9K | — |
| DATAMATION IMAGING SERVICES | 36-4303011 | — | NONE | $7K | — |
| ISLER DARE | 54-1844836 | — | NONE | $7K | — |
| THE SEGAL COMPANY | 13-1975125 | — | NONE | $0 | — |
| SEGAL SELECT INSURANCE | 46-0619194 | — | NONE | $0 | — |
Investments
37 direct securities · 1 pooled fund· $363.9M(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
$258.5M
37 holdings
Common Collective Trust
$105.4M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| For the Period January 01, 2024 - December 31 | — | — | — | $241.8M | 70.7% | |
| MFB NTGI RUSSELL 3000 EQUITY IND FD NORTHERN TRUST INVESTMENTS, INC. · EIN 45-6138591 / PN 001 | Common Collective Trust | — | — | $105.4M | 30.8% | |
| For the Period January 01, 2024 - December 31, 2024 | — | — | — | $2.8M | 0.8% | |
| SUPPLEMENTAL SCHEDULE 1 | — | — | — | $2.8M | 0.8% | |
| For the Period January 01, 2024 - December 31, 2024 | — | — | — | $2.2M | 0.6% | |
| SUPPLEMENTAL SCHEDULE 1 | — | — | — | $1.9M | 0.6% | |
| For the Period January 01, 2024 - December 31, 2024 | — | — | — | $1.9M | 0.6% | |
| SUPPLEMENTAL SCHEDULE 1 | — | — | $6.4M | $1.0M | 0.3% | |
| For the Period January 01, 2024 - December 31, 20249,133,000.00003,143,000.00001,152,000.00006,824,000.00003,260,000.00007,922,000.00008,493,000.0000 | — | — | $8.5M | $1.0M | 0.3% | |
| SUPPLEMENTAL SCHEDULE 1 238,574.8600705,000.0000555,000.0000445,000.0000505,000.0000305,000.0000410,000.0000 | — | — | $510K | $390K | 0.1% | |
| SUPPLEMENTAL SCHEDULE 1 117,520.4200317,487.4400475,000.0000245,299.8300530,000.0000432,628.6900 | — | — | $388K | $336K | <0.1% | |
| Assets Held at End of Period115,843.02310,073.28 | — | — | $4K | $317K | <0.1% | |
| Assets Held at End of Period887,308.25641,970.00289,529.67581,520.09 375,000.00469,733.81207,773.76224,838.80405,011.25 | — | — | $5K | $273K | <0.1% | |
| SUPPLEMENTAL SCHEDULE 1 165,000.0000470,000.0000370,000.0000200,000.0000505,000.0000171,030.8400382,400.3200 | — | — | $200K | $185K | <0.1% | |
| SUPPLEMENTAL SCHEDULE 1 208,530,935. | — | — | $208.5M | $117K | <0.1% | |
| Assets Held at End of Period | — | — | — | $100K | <0.1% | |
| Assets Held at End of Period | — | — | $22K | $98K | <0.1% | |
| Assets Held at End of Period | — | — | — | $95K | <0.1% | |
| Assets Held at End of Period | — | — | $94K | $88K | <0.1% | |
| Assets Held at End of Period | — | — | — | $85K | <0.1% | |
| Assets Held at End of Period51,533.34 | — | — | $52K | $83K | <0.1% | |
| Assets Held at End of Period | — | — | — | $83K | <0.1% | |
| Assets Held at End of Period | — | — | — | $82K | <0.1% | |
| SUPPLEMENTAL SCHEDULE | — | — | $20K | $80K | <0.1% | |
| SUPPLEMENTAL SCHEDULE 1 90,879.3800 | — | — | $87K | $78K | <0.1% | |
| Assets Held at End of Period88,659.98 | — | — | $86K | $77K | <0.1% | |
| Assets Held at End of Period | — | — | — | $72K | <0.1% | |
| SUPPLEMENTAL SCHEDULE 1 51,416.6300 | — | — | $51K | $56K | <0.1% | |
| Assets Held at End of Period | — | — | — | $51K | <0.1% | |
| Assets Held at End of Period | — | — | — | $48K | <0.1% | |
| Assets Held at End of Period | — | — | — | $47K | <0.1% | |
| Assets Held at End of Period | — | — | $20K | $44K | <0.1% | |
| SUPPLEMENTAL SCHEDULE | — | — | $40K | $40K | <0.1% | |
| Assets Held at End of Period35,362.40 | — | — | $35K | $34K | <0.1% | |
| Assets Held at End of Period | — | — | — | $28K | <0.1% | |
| Assets Held at End of Period214,607.72755,089.55556,559.55407,237.30 | — | — | $8K | $9K | <0.1% | |
| Assets Held at End of Period | — | — | — | $7K | <0.1% | |
| Assets Held at End of Period386,037.99373,598.40280,000.00 | — | — | $5K | $3K | <0.1% |