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Original filing (PDF)20251215101055NAL0000663491002
BOARD OF TRUSTEES SHEET METAL WORKERS LOCAL UNION NO 1 WELFARE TRUST F
Form 5500
FILING_RECEIVED
SHEET METAL WORKERS LOCAL UNION NO 1 WELFARE TRUST
Health & welfare plan
Signals · 4
100% in single holding~214 bps in Sched C feesNo recordkeeper disclosed8 service providers
Active participants
419
Accounts w/ balance
—
Plan assets (EOY)
$15.1M
Net assets (EOY)
$14.1M
How this plan invests
This plan
1 pooled trust
Schedule D
1 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 "[DFE: AMERICAN CORE REALTY FUND (no filing on disk)]" is 100% of plan.
- 214 bps in Schedule C fees — 639% 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 SHEET METAL WORKERS LOCAL UNION NO 1 WELFARE TRUST F.
Plan sponsor
Name
BOARD OF TRUSTEES SHEET METAL WORKERS LOCAL UNION NO 1 WELFARE TRUST F
EIN
37-0810664
Address
20 NORTH MARTINGALE · SUITE 290 · SCHAUMBURG, IL · 60173
Phone
(847) 519-1880
Industry
Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-03-01
Tax period
2025-02-28
Filed
2025-12-15
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4F · Temporary Disability (accident and sickness)
4U · Dependent Care
Audit & trust (Schedule H)
Auditor
ROMOLO & ASSOCIATES, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
8 rowsOther
8| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| GROUP ADMINISTRATORS, LTD | — | SCHAUMBURG, IL | NONE | $92K | — |
| MARQUETTE & ASSOCIATES | 36-3485298 | — | NONE | $64K | — |
| ROMOLO & ASSOCIATES, LLC | 84-2885766 | — | NONE | $50K | — |
| THE SEGAL COMPANY (MIDWEST) INC. | 13-1975125 | — | NONE | $47K | — |
| CAVANAGH & O'HARA, LLP | 37-1259635 | — | NONE | $31K | — |
| SAVRX | 47-0527013 | — | NONE | $25K | — |
| AMERICAN REALTY ADVISORS | 33-0123114 | — | NONE | $14K | — |
| CHARLES SCHWAB & CO | 94-1737782 | — | NONE | $0 | — |
Investments
1 pooled fund· $1.2M(8% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| AMERICAN CORE REALTY FUND AMERICAN REALTY ADVISORS · EIN 95-4871432 / PN 000 | Common Collective Trust | — | — | $1.2M | 8.0% |