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Original filing (PDF)20260114143007NAL0017375968001
BOARD OF TRUSTEES SHEET METAL WORKERS LOCAL NO. 292 HEALTH FUND
Form 5500
FILING_RECEIVED
SHEET METAL WORKERS LOCAL NO. 292 HEALTH FUND
Health & welfare plan
Signals · 4
25% employer stock~236 bps in Sched C feesNo recordkeeper disclosed17 service providers
Active participants
494
Accounts w/ balance
—
Plan assets (EOY)
$16.4M
Net assets (EOY)
$13.0M
How this plan invests
This plan
359 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
- 25% of plan in employer / sponsor stock.
- 236 bps in Schedule C fees — 713% 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 NO. 292 HEALTH FUND.
Plan sponsor
Name
BOARD OF TRUSTEES SHEET METAL WORKERS LOCAL NO. 292 HEALTH FUND
EIN
38-1433000
Address
700 TOWER DRIVE · TROY, MI · 48098
Phone
(248) 813-9800
Industry
Manufacturingsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-04-01
Tax period
2025-03-31
Filed
2026-01-14
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4F · Temporary Disability (accident and sickness)
4Q · Other
4U · Dependent Care
Audit & trust (Schedule H)
Auditor
BENDA, GRACE, STULZ & COMPANY, P.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
17 rowsOther
17| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BENESYS, INC. | 38-2383171 | — | NONE | $224K | — |
| MORGAN STANLEY SMITH BARNEY, LLC | 20-8764829 | — | NONE | $66K | — |
| AMERICAN GRAPHICS PRINTING | — | CLINTON TOWNSHIP, MI | NONE | $35K | — |
| BENDA, GRACE, STULZ & COMPANY P.C. | 38-2284921 | — | SEE ATTACHED | $17K | — |
| WATKINS, PAWLICK, CALATI & PRIFTI | 83-2893229 | — | SEE ATTACHED | $15K | — |
| THE SEGAL COMPANY | 13-1975125 | — | NONE | $13K | — |
| ULLIANCE, INC | — | TROY, MI | NONE | $12K | — |
| STEFANSKY, HOLLOWAY & NICHOLS INC | — | NORTHVILLE, MI | NONE | $5K | — |
| CLEARBRIDGE INVESTMENTS | — | NY, NY | NONE | $0 | — |
| MARTIN CURRIE INVESTMENTS | — | NEW YORK, NY | NONE | $0 | — |
| SAGE | — | AUSTIN, TX | NONE | $0 | — |
| ARISTOTLE | — | NY, NY | NONE | $0 | — |
| BAHLOR & GAINOR | — | CINCINNATI, OH | NONE | $0 | — |
| KAYNE ANDERSON | 56-2474626 | — | NONE | $0 | — |
| JOHN HANCOCK | — | BOSTON, MA | NONE | $0 | — |
| AM FUNDS | — | INDIANAPOLIS, IN | NONE | $0 | — |
| FEDERATED HERMES | — | PITTSBURGH, PA | NONE | $0 | — |
Investments
330 direct securities· $13.4M(82% of reported assets)
Uncategorized
$13.1M
319 holdings
Mutual Funds
$117K
1 holding
Common Stocks
$101K
8 holdings
Corporate Bonds
$69K
2 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Allspring Mange Acct | — | — | $1.5M | $1.5M | 9.3% | |
| Bahl & Gaynor JH MGD ACCTSH INV | — | — | $609K | $610K | 3.7% | |
| United States Government FHLMC 30yr Gold 4.500% due 10/01/2052 | — | — | $479K | $477K | 2.9% | |
| United States Government FNMA 3.500% due 05/01/2052 | — | — | $427K | $428K | 2.6% | |
| Bahl & Gaynor JH MGD ACCSH NON | — | — | $375K | $374K | 2.3% | |
| Bahl & Gaynor JH MGD ACCTSH SEC | — | — | $282K | $290K | 1.8% | |
| Morgan Stanley Money Market Fund | — | — | $271K | $271K | 1.7% | |
| United States Government U.S. Treasury nt 4.125% due 11/15/2027 | — | — | $241K | $243K | 1.5% | |
| United States Government U.S. Treasury nt 4.375% due 07/15/2027 | — | — | $231K | $229K | 1.4% | |
| Blackrock Ishares Core S&P 500 ETF | — | — | $128K | $191K | 1.2% | |
| United States Government FNMA 2.000% due 04/01/2052 | — | — | $182K | $185K | 1.1% | |
| United States Government U.S. Treasury nt 4.625% due 04/30/2029 | — | — | $167K | $169K | 1.0% | |
| United States Government FNMA 5.000% due 03/01/2054 | — | — | $162K | $164K | 1.0% | |
| United States Government GNMA 3.000% due 09/20/2051 | — | — | $156K | $159K | 1.0% | |
| United States Government U.S. Treasury bd 2.375% due 02/15/2042 | — | — | $155K | $156K | 1.0% | |
| United States Government FNMA 4.000% due 01/01/2053 | — | — | $145K | $148K | 0.9% | |
| United States Government U.S. Treasury nt 4.500% due 05/15/2027 | — | — | $144K | $145K | 0.9% | |
| United States Government U.S. Treasury bd 2.875% due 05/15/2049 | — | — | $148K | $143K | 0.9% | |
| U.S. GOVERNMENT SECURITIES United States Government U.S. Treasury nt 3.625% due 03/31/2030 | — | — | $122K | $125K | 0.8% | |
| S American New World F2 | Mutual Funds | — | $115K | $117K | 0.7% | |
| GQG Partners Emrg Mkts | — | — | $120K | $114K | 0.7% | |
| United States Government U.S. Treasury nt 1.875% due 02/15/2032 | — | — | $109K | $113K | 0.7% | |
| United States Government U.S. Treasury nt 3.250% due 06/30/2029 | — | — | $103K | $102K | 0.6% | |
| Wells Fargo & Co 3.526% due 03/24/2028 | — | — | $99K | $102K | 0.6% | |
| United States Government U.S. Treasury nt 3.875% due 08/15/2033 | — | — | $94K | $98K | 0.6% | |
| United States Government U.S. Treasury nt 4.250% due 11/15/2034 | — | — | $94K | $96K | 0.6% | |
| United States Government FNMA 5.500% due 10/01/2053 | — | — | $92K | $93K | 0.6% | |
| United States Government FNMA 4.500% due 01/01/2055 | — | — | $88K | $90K | 0.5% | |
| United States Government U.S. Treasury nt 4.250% due 06/30/2031 | — | — | $89K | $88K | 0.5% | |
| United States Government FNMA 5.000% due 11/01/2054 | — | — | $75K | $75K | 0.5% | |
| United States Government FNMA 4.500% due 09/01/2052 | — | — | $73K | $75K | 0.5% | |
| United States Government FNMA 3.500% due 04/01/2052 | — | — | $78K | $70K | 0.4% | |
| United States Government FHLMC 30yr Gold 3.500% due 08/01/2052 | — | — | $69K | $69K | 0.4% | |
| US Bancorp Fxd 2.491% due 11/03/2036 | — | — | $65K | $69K | 0.4% | |
| Boeing Co 2.196% due 02/04/2026 | — | — | $67K | $68K | 0.4% | |
| Air Lease Corp 3.250% due 10/01/2029 | — | — | $68K | $68K | 0.4% | |
| Goldman Sachs Group Inc 4.223% due 05/01/2029 | — | — | $69K | $68K | 0.4% | |
| Viatris Inc 2.700% due 06/22/2030 | — | — | $69K | $68K | 0.4% | |
| Energy Transfer LP 5.250% due 04/15/2029 | — | — | $70K | $68K | 0.4% | |
| HCA Inc 5.200% due 06/01/2028 | — | — | $68K | $68K | 0.4% | |
| American Electric Power Co Inc 5.625% due 03/01/2033 | — | — | $68K | $68K | 0.4% | |
| Amgen Inc 5.250% due 03/02/2030 | — | — | $67K | $67K | 0.4% | |
| Kroger Co 5.000% due 09/15/0234 | — | — | $69K | $67K | 0.4% | |
| Capital One Financial Corp 5.700% due 02/01/2030 | — | — | $68K | $67K | 0.4% | |
| Sabine Pass Liquefaction LLC 5.000% due 03/15/2027 | — | — | $67K | $67K | 0.4% | |
| Oracle Corp 4.800% due 08/03/2028 | — | — | $66K | $67K | 0.4% | |
| Bank of America Corp 5.819% due 09/15/2029 | — | — | $66K | $66K | 0.4% | |
| Citigroup Inc 3.887% due 01/10/2028 | — | — | $66K | $66K | 0.4% | |
| United States Government FHLMC 30yr Gold 5.500% due 08/01/2053 | — | — | $65K | $66K | 0.4% | |
| Citigroup Inc 5.827% due 02/13/2035 | — | — | $66K | $66K | 0.4% | |
| United States Government U.S. Treasury nt 3.625% due 08/31/2029 | — | — | $65K | $64K | 0.4% | |
| United States Government U.S. Treasury nt 1.375% due 11/15/2031 | — | — | $58K | $61K | 0.4% | |
| United States Government FNMA 4.000% due 09/01/2052 | — | — | $59K | $58K | 0.4% | |
| Oracle Corp 6.250% due 11/09/2032 | — | — | $57K | $58K | 0.4% | |
| United States Government U.S. Treasury nt 3.750% due 05/31/2030 | — | — | $58K | $57K | 0.4% | |
| United States Government U.S. Treasury nt 4.125% due 11/30/2029 | — | — | $52K | $53K | 0.3% | |
| United States Government FHLMC 30yr Gold 3.500% due 04/01/2052 | — | — | $55K | $53K | 0.3% | |
| United States Government U.S. Treasury nt 0.625% due 05/15/2030 | — | — | $51K | $52K | 0.3% | |
| United States Government FNMA 5.000% due 11/01/2053 | — | — | $51K | $51K | 0.3% | |
| Comcast Corp 5.500% due 11/15/2032 | — | — | $50K | $51K | 0.3% | |
| Amgen Inc 5.250% due 03/02/2033 | — | — | $50K | $49K | 0.3% | |
| JPMorgan Chase & Co 3.328% due 04/22/2052 | — | — | $47K | $48K | 0.3% | |
| T-Mobile USA Inc 5.050% due 07/15/2033 | — | — | $49K | $48K | 0.3% | |
| United States Government FHLMC 30yr Gold 3.500% due 12/01/2052 | — | — | $45K | $46K | 0.3% | |
| Conocophillips 6.500% due 02/01/2039 | — | — | $44K | $45K | 0.3% | |
| Lowe's cos Inc 5.625% due 04/15/2053 | — | — | $42K | $42K | 0.3% | |
| Bank of America Corp 6.204% due 11/10/2028 | — | — | $41K | $42K | 0.3% | |
| Citigroup Inc 6.270% due 11/17/2033 | — | — | $41K | $41K | 0.3% | |
| Intel corp 5.700% due 02/10/2053 | — | — | $40K | $41K | 0.3% | |
| Unitedhealth Group Inxc 5.300% due 02/15/2030 | — | — | $40K | $40K | 0.2% | |
| AND NOTES Nextera Energy Capital Holdings inc 4.625% due 07/15/2027 | Corporate Bonds | — | $40K | $40K | 0.2% | |
| Verizon Communications Inc 4.329% due 09/21/2028 | — | — | $39K | $40K | 0.2% | |
| Toronto-Dominion Bank 5.523% due 07/17/2028 | — | — | $39K | $39K | 0.2% | |
| Bank of America Corp 5.015% due 07/22/2033 | — | — | $38K | $39K | 0.2% | |
| JPMorgan Chase & Co 4.912% due 07/25/2033 | — | — | $38K | $39K | 0.2% | |
| BHP Billiton Finance USA 5.000% due 09/30/2043 | — | — | $38K | $39K | 0.2% | |
| Goldman Sachs Group Inc 4.223% due 05/01/2029 | — | — | $38K | $38K | 0.2% | |
| United States Government FNMA 3.500% due 05/01/2052 | — | — | $41K | $38K | 0.2% | |
| United States Government FNMA 2.500% due 12/01/2051 | — | — | $35K | $35K | 0.2% | |
| Apple Inc 3.350% due 08/08/2032 | — | — | $34K | $35K | 0.2% | |
| Charles Schwab Corp 4.000% due 06/20/2026 | — | — | $32K | $34K | 0.2% | |
| Berkley W R Corp Common Stock | — | — | $18K | $34K | 0.2% | |
| U.S. GOVERNMENT SECURITIES-Continued United States Government FNMA 4.500% due 07/01/2052 | — | — | $34K | $34K | 0.2% | |
| Lpl Finl Hldgs Inc Common Stock | — | — | $17K | $34K | 0.2% | |
| Edison International 5.750% due 06/15/2027 | — | — | $35K | $33K | 0.2% | |
| Ing Groep Common Stock | — | — | $26K | $33K | 0.2% | |
| Sony Group Corporation Adr Common Stock | — | — | $28K | $32K | 0.2% | |
| United States Government FHLMC 30yr Gold 2.500% due 09/01/2050 | — | — | $31K | $32K | 0.2% | |
| Oracle Corp 4.900% due 02/06/2033 | — | — | $32K | $31K | 0.2% | |
| Erste Group Bank Common Stock | — | — | $21K | $31K | 0.2% | |
| Nvidia Corporation Common Stock | — | — | $6K | $31K | 0.2% | |
| United States Government FHLMC 30yr Gold 4.500% due 08/01/2052 | — | — | $31K | $31K | 0.2% | |
| Safran Common Stock | — | — | $15K | $30K | 0.2% | |
| Toronto-Dominion Bank 4.693% due 09/15/2027 | — | — | $30K | $30K | 0.2% | |
| Parker Hannifin Corp Common Stock | — | — | $16K | $30K | 0.2% | |
| Brookfield Corp CL A Common Stock | — | — | $24K | $29K | 0.2% | |
| AND NOTES-Continued Dominion Energy Inc 3.375% due 04/01/2030 | Corporate Bonds | — | $28K | $29K | 0.2% | |
| Watsco Inc Common Stock | — | — | $17K | $29K | 0.2% | |
| Wells Fargo & Co 3.350% due 03/02/2033 | — | — | $28K | $29K | 0.2% | |
| Rollins Inc Common Stock | — | — | $17K | $28K | 0.2% | |
| Goldman Sachs Group Inc 3.102% due 02/24/2033 | — | — | $27K | $27K | 0.2% | |
| Amazon Inc Common Stock | — | — | $22K | $27K | 0.2% | |
| Eli Lilly & Co Common Stock | — | — | $7K | $27K | 0.2% | |
| United States Government FHLMC 30yr Gold 4.500% due 09/14/2052 | — | — | $26K | $26K | 0.2% | |
| Monotaro Co Common Stock | — | — | $20K | $26K | 0.2% | |
| Interactive Brokiers Group CL A Common Stock | — | — | $11K | $26K | 0.2% | |
| Bentley Sys Inc CL B Common Stock | — | — | $26K | $26K | 0.2% | |
| DBS Group Holdings Common Stock | — | — | $18K | $25K | 0.2% | |
| Allegion Pub Ltd Common Stock | — | — | $24K | $25K | 0.2% | |
| Microsoft Corp Common Stock | — | — | $20K | $25K | 0.2% | |
| Roche Holdings Common Stock | — | — | $19K | $25K | 0.2% | |
| Pan Pac Intl Hldgs Corp Common Stock | — | — | $12K | $25K | 0.2% | |
| Jack Henry & Assoc Inc Common Stock | — | — | $23K | $25K | 0.2% | |
| Muechener Rueck Common Stock | — | — | $9K | $24K | 0.1% | |
| Broadcom Inc Common Stock | — | — | $6K | $24K | 0.1% | |
| Equifax Inc Common Stock | — | — | $23K | $24K | 0.1% | |
| Coca-Cola Europacific Partners Common Stock | — | — | $16K | $24K | 0.1% | |
| SAP AG Common Stock | — | — | $10K | $23K | 0.1% | |
| Continued Meta Platforms Inc CL A Common Stock | Common Stocks | — | $12K | $23K | 0.1% | |
| BJS Whsl Club Hldgs Inc Common Stock | — | — | $15K | $23K | 0.1% | |
| Universal Display Corp Common Stock | — | — | $32K | $22K | 0.1% | |
| Williams Co Inc Common Stock | — | — | $14K | $22K | 0.1% | |
| Zurn Elkay Water Solns Corp Common Stock | — | — | $19K | $22K | 0.1% | |
| Microsoft Corp Common Stock | — | — | $18K | $22K | 0.1% | |
| Bright Horizons Family Solut Common Stock | — | — | $20K | $22K | 0.1% | |
| Capital One Financial Corp Common Stock | — | — | $19K | $22K | 0.1% | |
| Corteva Inc Common Stock | — | — | $17K | $22K | 0.1% | |
| Teledyne Tech Inc Common Stock | — | — | $20K | $22K | 0.1% | |
| Cameco Corp Common Stock | — | — | $12K | $22K | 0.1% | |
| Haleon PLC Common Stock | — | — | $16K | $21K | 0.1% | |
| Procter & Gamble Common Stock | — | — | $19K | $21K | 0.1% | |
| Accenture Plc Ireland CL A Common Stock | — | — | $24K | $21K | 0.1% | |
| Nordson Common Stock | — | — | $25K | $21K | 0.1% | |
| Otsuka Holdings co Common Stock | — | — | $14K | $21K | 0.1% | |
| Visa Inc CL A Common Stock | — | — | $13K | $21K | 0.1% | |
| Credicorp Common Stock | — | — | $16K | $21K | 0.1% | |
| Sony Group Corporation adr Common Stock | — | — | $13K | $21K | 0.1% | |
| Michelin Compagnie Generale Common Stock | — | — | $25K | $21K | 0.1% | |
| Johnson & Johnson Common Stock | — | — | $19K | $20K | 0.1% | |
| United States Government FNMA 4.500% due 04/01/2053 | — | — | $20K | $20K | 0.1% | |
| Mondelez Intl Inc Common Stock | — | — | $19K | $20K | 0.1% | |
| Atmos Energy CP Common Stock | — | — | $13K | $20K | 0.1% | |
| Sony Group Corporation Common Stock | — | — | $17K | $20K | 0.1% | |
| Ollies Bargain Outlet Hldg Inc Common Stock | — | — | $15K | $20K | 0.1% | |
| Amgen Inc Common Stock | — | — | $15K | $19K | 0.1% | |
| Travelers Companies Inc Common Stock | — | — | $14K | $19K | 0.1% | |
| Qualcomm Inc Common Stock | — | — | $21K | $19K | 0.1% | |
| Chemed Corporation Common Stock | — | — | $15K | $19K | 0.1% | |
| Apple Inc Common Stock | — | — | $14K | $18K | 0.1% | |
| Marsh & Mclennan Cos Inc Common Stock | — | — | $11K | $18K | 0.1% | |
| Fast Retailing Common Stock | — | — | $20K | $18K | 0.1% | |
| Ashtead Group Common Stock | — | — | $24K | $18K | 0.1% | |
| Experian Gp Common Stock | — | — | $16K | $18K | 0.1% | |
| United States Government U.S. Treasury bd 3.000% due 11/15/2044 | — | — | $17K | $18K | 0.1% | |
| London STK Common Stock | — | — | $12K | $18K | 0.1% | |
| Novo Nordisk Common Stock | — | — | $11K | $18K | 0.1% | |
| Assa Abloy Ab Common Stock | — | — | $17K | $18K | 0.1% | |
| Verizon Communications Common Stock | — | — | $16K | $18K | 0.1% | |
| Totalenergies Common Stock | — | — | $16K | $17K | 0.1% | |
| Mc Donalds Corp Common Stock | — | — | $14K | $17K | 0.1% | |
| Coca cola Co Common Stock | — | — | $15K | $17K | 0.1% | |
| DSM Firmenich Common Stock | — | — | $20K | $17K | 0.1% | |
| Martin Marietta Materials Common Stock | — | — | $14K | $17K | 0.1% | |
| Amer Intl GP Inc Common Stock | — | — | $14K | $17K | 0.1% | |
| Lennar Corporation Common Stock | — | — | $14K | $17K | 0.1% | |
| GSK PLC Common Stock | — | — | $19K | $17K | 0.1% | |
| Ansys Inc Common Stock | — | — | $18K | $16K | 0.1% | |
| Alcon Inc Common Stock | — | — | $14K | $16K | 0.1% | |
| Merck & Co Inc Common Stock | — | — | $14K | $16K | <0.1% | |
| United States Government FNMA 4.500% due 12/01/2054 | — | — | $16K | $16K | <0.1% | |
| Charles River Labs Intl Inc Common Stock | — | — | $37K | $16K | <0.1% | |
| United States Government U.S. Treasury nt 4.125% due 02/28/2027 | — | — | $16K | $16K | <0.1% | |
| Procter & Gamble Common Stock | — | — | $15K | $16K | <0.1% | |
| Teledyne Tech Inc Common Stock | — | — | $13K | $16K | <0.1% | |
| LVMH Moet Hennessy Louis Vuitton Common Stock | — | — | $21K | $16K | <0.1% | |
| Diageo Plc Common Stock | — | — | $20K | $16K | <0.1% | |
| JPMorgan Chase & Co Common Stock | — | — | $13K | $16K | <0.1% | |
| Alphabet Inc CL C Common Stock | — | — | $17K | $16K | <0.1% | |
| RPM Inc Common Stock | — | — | $12K | $16K | <0.1% | |
| Symrise Common Stock | — | — | $18K | $15K | <0.1% | |
| United States Government FHLMC 30yr Gold 4.500% due 07/01/2052 | — | — | $16K | $15K | <0.1% | |
| Totalenergies Se Common Stock | — | — | $15K | $15K | <0.1% | |
| Xylem Inc Common Stock | — | — | $14K | $15K | <0.1% | |
| Unilever Plc Common Stock | — | — | $13K | $15K | <0.1% | |
| Nextera Energy Inc Common Stock | — | — | $15K | $15K | <0.1% | |
| Pepsico Inc Common Stock | — | — | $16K | $15K | <0.1% | |
| US Bancorp Common Stock | — | — | $12K | $15K | <0.1% | |
| Sea Limited Common Stock | — | — | $9K | $15K | <0.1% | |
| Relx Plc Common Stock | — | — | $8K | $15K | <0.1% | |
| Xcel Energy Inc Common Stock | — | — | $14K | $15K | <0.1% | |
| Adobe Inc Common Stock | — | — | $20K | $15K | <0.1% | |
| Danone Sponsored Adr Common Stock | — | — | $14K | $15K | <0.1% | |
| Continued Exponent Inc Common Stock | Common Stocks | — | $17K | $15K | <0.1% | |
| Chevron Corp Common Stock | — | — | $11K | $15K | <0.1% | |
| Air Prod & Chem Inc Common Stock | — | — | $15K | $14K | <0.1% | |
| Hamilton Lane CL A Common Stock | — | — | $14K | $14K | <0.1% | |
| Lowes Companies Inc Common Stock | — | — | $13K | $14K | <0.1% | |
| Microsoft Corp Common Stock | — | — | $10K | $14K | <0.1% | |
| Home Depot Inc Common Stock | — | — | $12K | $14K | <0.1% | |
| Danaher Corporation Common Stock | — | — | $18K | $14K | <0.1% |
Showing top 200 of 330 investments by value.