Back to filter
Original filing (PDF)20251013143009NAL0000711843003
PLUMBERS LOCAL 98 DEFINED BENEFIT PENSION FUND
Form 5500
FILING_RECEIVED
PLUMBERS LOCAL NO 98 DEFINED BENEFIT PENSION FUND
Defined-benefit pension plan
Signals · 3
73% in single holdingNo recordkeeper disclosed12 service providers
Active participants
772
Accounts w/ balance
—
Plan assets (EOY)
$295.6M
Net assets (EOY)
$295.5M
How this plan invests
This plan
6 pooled trusts
Schedule D
6 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: NIS CORE FIXED INCOME FUND, LLC (extraction pending)]" is 73% of plan.
- 25 bps in Schedule C fees — 148% 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 PLUMBERS LOCAL 98 DEFINED BENEFIT PENSION FUND.
Plan sponsor
Name
PLUMBERS LOCAL 98 DEFINED BENEFIT PENSION FUND
EIN
38-3031916
Address
700 TOWER DRIVE · SUITE 300 · TROY, MI · 48098
Phone
(248) 813-9800
Industry
Plumbing, Heating, AC Contractors· Constructionsee all
Plan administrator
Name
BENESYS INC
EIN
38-2383171
City
TROY, MI
Phone
(248) 813-9800
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-13
Pension benefit codes
1A · Pay-related DB formula
1C · Cash balance or similar hybrid DB
Audit & trust (Schedule H)
Auditor
BULTYNCK & CO., P.L.L.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
12 rowsOther
12| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BENESYS, INC. | 38-2383171 | TROY, MI | NONE | $267K | — |
| NATIONAL INVESTMENT SERVICES | 80-0169636 | CHICAGO, IL | NONE | $143K | — |
| STRATEGIC CAPITAL INVESTMENT ADVR. | 36-4268891 | LOMBARD, IL | NONE | $94K | — |
| THE SEGAL COMPANY INC. | 13-1975125 | NEW YORK, NY | NONE | $62K | — |
| ASHER KELLY LAW | 84-3379113 | SOUTHFIELD, MI | NONE | $54K | — |
| COMERICA BANK | 42-1741646 | DETROIT, MI | NONE | $30K | — |
| AMERICAN GRAPHICS PRINTING CO | 38-2090031 | CLINTON TOWNSHIP, MI | NONE | $29K | — |
| BULTYNCK & CO., PLLC | 20-3920878 | CLINTON TOWNSHIP, MI | NONE | $22K | — |
| UNITED ACTUARIAL SERVICES, INC. | 35-2156428 | CARMEL, IN | NONE | $12K | — |
| DIGITAL DATA, INC. | 04-3668352 | SUMMERFIELD, FL | NONE | $8K | — |
| STEFANSKY, HOLLOWAY, & NICHOLS | 38-2388845 | NORTHVILLE, MI | NONE | $7K | — |
| NICKLE & SAPH, INC | 38-1799688 | MOUNT CLEMENS, MI | NONE | $6K | — |
Investments
6 pooled funds· $56.2M(19% 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.
Common Collective Trust
$55.3M
5 holdings
Pooled Separate Account
$893K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| NIS CORE FIXED INCOME FUND, LLC NATIONAL INVESTMENT SERVICES, INC · EIN 20-0005644 / PN 001 | Common Collective Trust | — | — | $40.9M | 13.8% | |
| U.S. CORE PARTNERS COLLECTIVE INVES BENEFIT TRUST COMPANY · EIN 87-6914227 / PN 341 | Common Collective Trust | — | — | $6.5M | 2.2% | |
| NIS TOTAL ABSOLUTE RETURN FUND, LLC NATIONAL INVESTMENT SERVICES, INC · EIN 45-4783986 / PN 001 | Common Collective Trust | — | — | $4.4M | 1.5% | |
| NIS HIGH YIELD FUND, LLC NATIONAL INVESTMENT SERVICES, INC · EIN 39-2021943 / PN 001 | Common Collective Trust | — | — | $1.8M | 0.6% | |
| AFL-CIO BUILDING INVESTMENT TRUST PNC BANK, NATIONAL ASSOCIATION AS TRUSTEE · EIN 52-6328901 / PN 001 | Common Collective Trust | — | — | $1.7M | 0.6% | |
| PRINCIPAL U.S. PROPERTY SEPARATE AC PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 027 | Pooled Separate Account | — | — | $893K | 0.3% |