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Original filing (PDF)20251015130011NAL0004915457002
BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 58 ANNUITY FUND
Form 5500
FILING_RECEIVED
IBEW LOCAL NO. 58 ANNUITY FUND
401(k) retirement plan
Signals · 2
No recordkeeper disclosed11 service providers
Active participants
5,364
Accounts w/ balance
6,150
Plan assets (EOY)
$919.4M
Net assets (EOY)
$918.7M
How this plan invests
This plan
30 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
93
/ 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
80
Vendor stack
80
Participation health
100
Knocking points off
- 9 bps in Schedule C fees — modestly above peer band of 6 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 58 ANNUITY FUND.
Plan sponsor
Name
BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 58 ANNUITY FUND
EIN
38-2749515
Address
PO BOX 71337 · MADISON HEIGHTS, MI · 480710337
Phone
(586) 575-9200
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
2E · Profit-sharing
2G · Total participant-directed accounts
2J · 401(k) feature
2T · Default investment account (QDIA)
2F · ERISA section 404(c)
Audit & trust (Schedule H)
Auditor
MCCLAIN SMITH & WENZ PC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
11 rowsAccountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MCCLAIN SMITH & WENZ PC | 38-3382520 | TROY, MI | AUDITOR OF PARENT ORGANIZ | $32K | — |
Other
10| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | — | GREENWOOD VILLAGE, CO | NONE | $264K | — |
| MORGAN STANLEY | 94-1671384 | — | NONE | $215K | — |
| CHRISTINA MILLS-TURKALY | 38-2749515 | MADISON HEIGHTS, MI | EMPLOYEE (WAGES PAID) | $76K | — |
| E CRAIG YOUNG | 38-2749515 | MADISON HEIGHTS, MI | EMPLOYEE (WAGES PAID) | $72K | — |
| SAMUEL LUKAS | 38-2749515 | MADISON HEIGHTS, MI | EMPLOYEE (WAGES PAID) | $48K | — |
| WATKINS PAWLICK CALATI & PRIFTI, PC | — | MADISON HEIGHTS, MI | NONE | $26K | — |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | — | TROY, MI | NONE | $24K | — |
| AUXIOM | — | ROCHESTER, MI | NONE | $13K | — |
| BENESYS INC | 38-2383171 | TROY, MI | NONE | $7K | — |
| MACQUEEN INSURANCE | — | ROYAL OAK, MI | NONE | $7K | — |
Investments
30 direct securities· $911.8M(99% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| IBEW/NECA LIFECYCLE INDEX 2030 FUND MUTUAL FUND | — | — | — | $109.8M | 11.9% | |
| IBEW/NECA LIFECYCLE INDEX 2035 FUND MUTUAL FUND | — | — | — | $97.8M | 10.6% | |
| IBEW/NECA LIFECYCLE INDEX 2040 FUND MUTUAL FUND | — | — | — | $94.4M | 10.3% | |
| IBEW/NECA LIFECYCLE INDEX 2025 FUND MUTUAL FUND | — | — | — | $75.2M | 8.2% | |
| IBEW/NECA 500 INDEX FUND MUTUAL FUND | — | — | — | $69.2M | 7.5% | |
| IBEW/NECA LIFECYCLE INDEX 2045 FUND MUTUAL FUND | — | — | — | $63.1M | 6.9% | |
| IBEW/NECA LARGE CAP GROWTH PORTFOLIO MUTUAL FUND | — | — | — | $57.4M | 6.2% | |
| SAGIC DIVERSIFIED BOND II GUARANTEED INTEREST ACCOUNT | — | — | — | $50.6M | 5.5% | |
| IBEW/NECA LIFECYCLE INDEX 2020 FUND MUTUAL FUND | — | — | — | $40.7M | 4.4% | |
| IBEW/NECA LIFECYCLE INDEX 2050 FUND MUTUAL FUND | — | — | — | $38.4M | 4.2% | |
| IBEW/NECA LARGE CAP VALUE PORTFOLIO MUTUAL FUND | — | — | — | $30.4M | 3.3% | |
| IBEW/NECA LIFECYCLE INDEX 2055 FUND MUTUAL FUND | — | — | — | $28.6M | 3.1% | |
| IBEW/NECA LIFECYCLE INDEX 2060 FUND MUTUAL FUND | — | — | — | $21.7M | 2.4% | |
| IBEW/NECA SMALL-CAP VALUE INDEX FD MUTUAL FUND | — | — | — | $20.9M | 2.3% | |
| IBEW/NECA SMALL CAP GROWTH FUND MUTUAL FUND | — | — | — | $18.9M | 2.1% | |
| IBEW/NECA LIFECYCLE INDEX 2015 FUND MUTUAL FUND | — | — | — | $14.0M | 1.5% | |
| IBEW/NECA INTER TERM FIXED INCOME MUTUAL FUND | — | — | — | $13.2M | 1.4% | |
| PARTICIPANT LOANS 5.25%-10.50% 0 | — | — | — | $12.4M | 1.4% | |
| IBEW/NECA WORLD STOCK PORTFOLIO MUTUAL FUND | — | — | — | $9.7M | 1.1% | |
| IBEW/NECA LIFECYCLE INDEX 2010 FUND MUTUAL FUND | — | — | — | $9.4M | 1.0% | |
| IBEW/NECA LIFECYCLE INDEX 2065 FUND MUTUAL FUND | — | — | — | $7.6M | 0.8% | |
| IBEW/NECA MID CAP GROWTH PORTFOLIO MUTUAL FUND | — | — | — | $7.5M | 0.8% | |
| IBEW/NECA MID CAP VALUE PORTFOLIO MUTUAL FUND | — | — | — | $4.9M | 0.5% | |
| IBEW/NECA HIGH YIELD BOND PORTFOLIO MUTUAL FUND | — | — | — | $4.5M | 0.5% | |
| IBEW/NECA MID CAP INDEX FUND MUTUAL FUND | — | — | — | $4.0M | 0.4% | |
| IBEW/NECA REAL ESTATE PORTFOLIO MUTUAL FUND | — | — | — | $3.1M | 0.3% | |
| IBEW/NECA SMALL CAP INDEX FUND MUTUAL FUND | — | — | — | $3.0M | 0.3% | |
| IBEW/NECA LIFECYCLE IN RET INC FUND MUTUAL FUND | — | — | — | $746K | <0.1% | |
| IBEW/NECA WORLD BOND PORTFOLIO MUTUAL FUND | — | — | — | $647K | <0.1% | |
| MASSMUTUAL US GOVERNMENT MNY MKT MONEY MARKET FUND | — | — | — | $18K | <0.1% |