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Original filing (PDF)20260213090956NAL0001292881001
BOARD OF TRUSTEES, IRON WORKERS LOCAL NO. 25
Form 5500
FILING_RECEIVED
IRON WORKERS' LOCAL NO. 25 PENSION FUND
Defined-benefit pension plan
Signals · 2
No recordkeeper disclosed25 service providers
Active participants
1,795
Accounts w/ balance
—
Plan assets (EOY)
$565.1M
Net assets (EOY)
$563.0M
How this plan invests
This plan
20 pooled trusts
Schedule D
144 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 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
65
Vendor stack
80
Participation health
100
Knocking points off
- 65 bps in Schedule C fees — 975% 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, IRON WORKERS LOCAL NO. 25.
Plan sponsor
Name
BOARD OF TRUSTEES, IRON WORKERS LOCAL NO. 25
EIN
38-6056780
Address
700 TOWER DRIVE · SUITE 300 · TROY, MI · 480982808
Phone
(248) 347-3100
Industry
Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-05-01
Tax period
2025-04-30
Filed
2026-02-13
Pension benefit codes
1A · Pay-related DB formula
Audit & trust (Schedule H)
Auditor
PLANTE & MORAN, PLLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
25 rowsTPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| IRON WORKERS LOCAL NO. 25 | 38-6056780 | — | PLAN ADMINISTRATOR | $215K | — |
Other
24| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| TAFT STETTINIUS & HOLLISTER LLP | 31-0541755 | — | NONE KNOWN | $386K | — |
| HESSIAN & MCKASY, P.A. | 20-1551306 | — | NONE KNOWN | $360K | — |
| BENESYS, INC. | 38-2383171 | — | NONE KNOWN | $333K | — |
| BANK OF NEW YORK MELLON | 25-6078093 | — | NONE KNOWN | $332K | — |
| PLANTE & MORAN, PLLC | 33-1498605 | — | NONE KNOWN | $261K | — |
| LITTLER MENDELSON PC | 94-2602731 | — | NONE KNOWN | $237K | — |
| NATIONAL INVESTMENT SERVICES OF AME | 84-3937993 | — | NONE KNOWN | $233K | — |
| LOOMIS SAYLES TRUST COMPANY | 20-8080381 | — | NONE KNOWN | $207K | — |
| NEPC, LLC | 26-1429809 | — | NONE KNOWN | $185K | — |
| ASHERKELLY | 38-3379113 | — | NONE KNOWN | $161K | — |
| COMERICA BANK | 42-1741646 | — | NONE KNOWN | $156K | — |
| BOSTON TRUST WALDEN COMPANY | 04-2273811 | — | NONE KNOWN | $120K | — |
| HORIZON ACTUARIAL SERVICES, LLC | 26-1370698 | — | NONE KNOWN | $100K | — |
| BOYD WATTERSON ASSET MANAGEMENT, LL | 34-1922005 | — | NONE KNOWN | $90K | — |
| GLOBAL TRUST COMPANY | 26-3761443 | — | NONE KNOWN | $81K | — |
| ULLICO INVESTMENT ADVISORS INC. | 52-6435649 | — | NONE KNOWN | $51K | — |
| SLEVIN & HART, PC | — | WASHINGTON DC, DC | NONE KNOWN | $44K | — |
| AMERICAN GRAPHICS PRINTING CO. | — | CLINTON TWP, MI | NONE KNOWN | $30K | — |
| WITHUMSMITH + BROWN, PC | 22-2027092 | — | NONE KNOWN | $29K | — |
| DOVENMUEHLE MORTGAGE, INC. | 36-2435132 | — | NONE KNOWN | $25K | — |
| BLACKROCK INST. TRUST CO. N.A. | 94-3112180 | — | NONE KNOWN | $8K | — |
| CRESCENT CAPITAL GROUP LP | — | LOS ANGELES, CA | NONE KNOWN | $0 | — |
| MARSH & MCLENNAN AGENCY, LLC | 26-3237576 | — | NONE KNOWN | $0 | — |
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | NONE KNOWN | $0 | — |
Investments
130 direct securities · 20 pooled funds· $586.2M(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
$312.1M
130 holdings
Common Collective Trust
$212.0M
14 holdings
103-12 Investment Entity
$62.1M
5 holdings
Pooled Separate Account
$0
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| NCS GROUP TRUST - GLOBAL FUND BNY MELLON INVESTMENT ADVISER, INC. · EIN 76-6192146 / PN 003 | 103-12 Investment Entity | — | $23.4M | $42.0M | 7.4% | |
| NIS CORE FIXED INCOME QP FUND, LLC NATIONAL INVESTMENT SERVICES OF AMERICA, LLC · EIN 82-4028492 / PN 001 | Common Collective Trust | — | $36.1M | $39.3M | 7.0% | |
| ABS Emerging Markets Strategic Portfolio | — | — | $30.7M | $36.5M | 6.5% | |
| NHIT STRATEGIC ALPHA TRUST LOOMIS SAYLES TRUST COMPANY, LLC · EIN 20-8080381 / PN 012 | Common Collective Trust | — | $24.7M | $27.8M | 4.9% | |
| BNYM MELLON AFL-CIO CF SL ST IND FD THE BANK OF NEW YORK MELLON · EIN 84-7064589 / PN 001 | Common Collective Trust | — | $26.4M | $26.5M | 4.7% | |
| BNYM MELLON CF SL ACWI EX-US IMI FD THE BANK OF NEW YORK MELLON · EIN 45-6800208 / PN 001 | Common Collective Trust | — | $27.0M | $26.3M | 4.7% | |
| Hudson Edge Trinity Street International Equity Fund LP | — | — | $19.5M | $25.6M | 4.5% | |
| LOOMIS SAYLES GLOBAL GROWTH TRUST LOOMIS SAYLES TRUST COMPANY, LLC · EIN 84-6391546 / PN 020 | Common Collective Trust | — | $15.8M | $25.4M | 4.5% | |
| Multi-Employer Property Trust | — | — | $13.6M | $22.3M | 3.9% | |
| NEWTOWER TRUST CO MEPT NEWTOWER TRUST COMPANY · EIN 52-6218800 / PN 001 | Common Collective Trust | — | — | $22.3M | 3.9% | |
| Intercontinental Real Estate | — | — | $17.0M | $14.5M | 2.6% | |
| INTRCNTNL ENHNCED CORE US RE INC FD GLOBAL TRUST COMPANY · EIN 35-7161136 / PN 001 | Common Collective Trust | — | — | $14.5M | 2.6% | |
| Boston Trust Walden International Equity | — | — | $12.3M | $13.6M | 2.4% | |
| WCP SCP III LP | — | — | $11.0M | $12.7M | 2.2% | |
| Beach Point Dynamic Income Offshore Fund | — | — | $10.0M | $12.4M | 2.2% | |
| LORD ABBETT ST DURATION CRED TST II GREAT GRAY TRUST COMPANY, LLC · EIN 82-1116174 / PN 322 | Common Collective Trust | — | $10.0M | $11.1M | 2.0% | |
| Comerica Bank, N.A. Money market fund - Goldman Sachs Financial Square Government Fund | — | — | $11.1M | $11.1M | 2.0% | |
| CRESCENT CAPITAL TRUST II (LEVERED) GLOBAL TRUST COMPANY · EIN 32-6471303 / PN 005 | Common Collective Trust | — | $7.1M | $11.0M | 1.9% | |
| Schroder Taft-Hartley Income Fund LP | — | — | $7.6M | $9.3M | 1.6% | |
| Northern LTS Enhanced Income Fund | — | — | $9.1M | $9.1M | 1.6% | |
| Mesirow Financial Private Equity Fund VII-A L.P. | — | — | $4.8M | $9.1M | 1.6% | |
| HARBORVEST PARTNERS XI L.P. HARBOURVEST PARTNERS XI L.P. · EIN 98-1389821 / PN 001 | 103-12 Investment Entity | — | $4.7M | $8.4M | 1.5% | |
| United States Treasury Note 4.00% 02/15/2034 | — | — | $8.2M | $8.4M | 1.5% | |
| Mesirow Financial Private Equity Fund VIII-A LP | — | — | $6.7M | $7.2M | 1.3% | |
| ULLICO INFRASTRUCTURE TAX EXEMPT FD ULLICO INVESTMENT ADVISORS INC · EIN 90-0622302 / PN 001 | 103-12 Investment Entity | — | $4.8M | $7.0M | 1.2% | |
| Invesco Private Credit Opportunities Fund, L.P. | — | — | $5.5M | $5.9M | 1.0% | |
| Oaktree Real Estate Opportunities Fund VII | — | — | $4.9M | $5.7M | 1.0% | |
| Siguler Guff Small Buyout Opportunities Fund V LP | — | — | $4.9M | $5.6M | 1.0% | |
| BPEA Strategic Healthcare II, L.P. | — | — | $4.7M | $5.3M | 0.9% | |
| RCM Construction MBS Opportunity Fund | — | — | $5.0M | $5.0M | 0.9% | |
| ALCENTRA EURO CR OPP FD III SCSP ALCENTRA EUROPEAN CREDIT OPPORTUNITIES FUND III SCSP · EIN 98-1453417 / PN 001 | 103-12 Investment Entity | — | $3.4M | $4.8M | 0.8% | |
| Boston Trust SMID Cap Fund | — | — | $4.8M | $4.7M | 0.8% | |
| Crescent Mezz Part VII B Escrow | — | — | $2.8M | $4.5M | 0.8% | |
| Blue Owl GP Stakes Offshore Investors LP | — | — | $4.2M | $4.3M | 0.8% | |
| Boyd Watterson GSA Fund LP | — | — | $4.9M | $4.2M | 0.7% | |
| Ironsides Co-investment Fund VII LP | — | — | $3.7M | $4.2M | 0.7% | |
| United States Treasury Note 0% 04/15/2027 | — | — | $3.5M | $3.5M | 0.6% | |
| Vanguard Emerging MKTS Stock ETF | — | — | $3.3M | $3.5M | 0.6% | |
| United States Treasury DTD 1.75% 01/15/2034 | — | — | $3.2M | $3.4M | 0.6% | |
| NIS TOTAL ABSOLUTE RETURN QP FD LLC NATIONAL INVESTMENT SERVICES OF AMERICA, LLC · EIN 82-4069919 / PN 001 | Common Collective Trust | — | $2.5M | $3.2M | 0.6% | |
| United States Treasury NTS 4.375% 05/15/2034 | — | — | $3.0M | $3.0M | 0.5% | |
| GCM Grosvenor Infastructure Advantage Feeder | — | — | $3.0M | $2.9M | 0.5% | |
| Terracap Partners Institutional LP | — | — | $4.6M | $2.8M | 0.5% | |
| United States Treasury BDS 2.25% 02/15/2052 | — | — | $2.8M | $2.6M | 0.5% | |
| NIS HIGH YIELD QP FUND, LLC NATIONAL INVESTMENT SERVICES OF AMERICA, LLC · EIN 82-4051841 / PN 001 | Common Collective Trust | — | $2.0M | $2.4M | 0.4% | |
| NIS PREFERRED STOCK QP FUND, LLC NATIONAL INVESTMENT SERVICES OF AMERICA, LLC · EIN 82-4034866 / PN 001 | Common Collective Trust | — | $1.8M | $2.2M | 0.4% | |
| Comerica Bank, N.A. Mortgages - Dovenmuehle Mtg Inv N93 Various Tr Deeds Nts | — | — | $2.0M | $2.0M | 0.4% | |
| Microsoft Corporation | — | — | $1.9M | $1.8M | 0.3% | |
| Alphabet Inc. | — | — | $1.6M | $1.6M | 0.3% | |
| United States Treasury BDS 4.5% 02/15/2044 | — | — | $1.5M | $1.5M | 0.3% | |
| Apple Inc. | — | — | $1.2M | $1.4M | 0.2% | |
| Federal Home Loan Mtg Corp 2.5% 01/01/2051 | — | — | $1.3M | $1.1M | 0.2% | |
| Pepsico Inc 2.75% 03/19/2029-2030 | — | — | $967K | $1.0M | 0.2% | |
| JPMorgan Chase Company | — | — | $792K | $1.0M | 0.2% | |
| Unitedhealth Group 4.9% 04/15/2031 | — | — | $966K | $1.0M | 0.2% | |
| Lowes Companies Inc 3.75% 04/01/2032 | — | — | $967K | $1.0M | 0.2% | |
| Starbucks Corp 3% 02/14/2031-2032 | — | — | $960K | $998K | 0.2% | |
| Comcast Corp New SR 4.8% 05/15/2023 | — | — | $956K | $977K | 0.2% | |
| Visa Inc. | — | — | $764K | $971K | 0.2% | |
| Amgen Inc 5.25% 03/02/2033 | — | — | $955K | $960K | 0.2% | |
| Fhlmc Pool 5.50% 09/01/2054 | — | — | $915K | $922K | 0.2% | |
| United States Treasury BDS 1.125% 08/15/2040 | — | — | $1.3M | $898K | 0.2% | |
| Exxon Mobil Corporation | — | — | $973K | $870K | 0.2% | |
| Federal National Mtg Assn Gtd Mtg 2% 04/01/2051 | — | — | $1.1M | $856K | 0.2% | |
| Johnson & Johnson | — | — | $803K | $827K | 0.1% | |
| Facebook Inc. | — | — | $738K | $788K | 0.1% | |
| Nvidia Corporation | — | — | $891K | $780K | 0.1% | |
| Chubb LTD | — | — | $643K | $730K | 0.1% | |
| Applied Matls Inc. | — | — | $953K | $729K | 0.1% | |
| Fhlmc Pool 5.00% 06/01/2053 | — | — | $639K | $649K | 0.1% | |
| Amazon Com Inc. | — | — | $768K | $641K | 0.1% | |
| Federal National Mtg Assn 4% 06/01/2052 | — | — | $670K | $636K | 0.1% | |
| Cimarex Energy Co 4.375% 03/15/2028-2029 | — | — | $718K | $591K | 0.1% | |
| Automatic Data Processing Inc. | — | — | $463K | $565K | 0.1% | |
| Pesico Inc. | — | — | $657K | $518K | <0.1% | |
| Crescent Mezzanine Partners VIB, LP | — | — | $192K | $515K | <0.1% | |
| UnitedHealth Group Inc. | — | — | $600K | $504K | <0.1% | |
| Cisco Systems Inc. | — | — | $414K | $498K | <0.1% | |
| Procter & Gamble Co | — | — | $520K | $497K | <0.1% | |
| Accenture PLC | — | — | $514K | $491K | <0.1% | |
| Federal National Mtg Assn 3.50% 06/01/2052 | — | — | $477K | $489K | <0.1% | |
| Booking Holdings Inc. | — | — | $337K | $484K | <0.1% | |
| Deere & Co. | — | — | $382K | $450K | <0.1% | |
| Goldman Sachs Group 0% 10/23/2035 | — | — | $438K | $441K | <0.1% | |
| Federal National Mtg Assn 4.5% 11/01/2052 | — | — | $434K | $430K | <0.1% | |
| Mastec Inc PP 144A 4.5% 8/15/2023-2028 | — | — | $453K | $428K | <0.1% | |
| Stryker Corporation | — | — | $360K | $400K | <0.1% | |
| Blackrock Funding | — | — | $380K | $370K | <0.1% | |
| Acuity Brands LTG Inc 2.15% 12/15/2030 | — | — | $335K | $352K | <0.1% | |
| Sysco | — | — | $378K | $343K | <0.1% | |
| US Bancorp Depositary | — | — | $525K | $342K | <0.1% | |
| Donaldson Inc. | — | — | $359K | $337K | <0.1% | |
| Merck & Co Inc. | — | — | $469K | $334K | <0.1% | |
| Sigma Fin Inc Medium Term 0% 05/18/2009 | — | — | — | $332K | <0.1% | |
| KLA-Tencor Corporation | — | — | $324K | $330K | <0.1% | |
| Western Midstream Operating LP 6.15% 04/01/2033-2033 | — | — | $326K | $328K | <0.1% | |
| Hubbell Inc. | — | — | $342K | $327K | <0.1% | |
| Autozone Inc. | — | — | $251K | $320K | <0.1% | |
| Qualcomm Inc. | — | — | $389K | $304K | <0.1% | |
| Murphy Oil Corp Sr Nt 6.00% 10/01/2032 | — | — | $330K | $300K | <0.1% | |
| Cooper Cos Inc. Com | — | — | $331K | $299K | <0.1% | |
| Nvidia Corp 3.5% 04/01/2049-2050 | — | — | $450K | $296K | <0.1% | |
| Oracle Corporation | — | — | $374K | $293K | <0.1% | |
| Air Products & Chemical Inc. | — | — | $261K | $291K | <0.1% | |
| Freeport-McMoran Copper&Gold 4.25% 03/01/2030 | — | — | $277K | $291K | <0.1% | |
| Union Pacific Corporation | — | — | $316K | $291K | <0.1% | |
| Becton Dickinson & Co. | — | — | $324K | $284K | <0.1% | |
| Trimas Corp PP 144A 4.125% 4/15/2024-2029 | — | — | $300K | $281K | <0.1% | |
| Louisiana Pac Corp PP 144A 3.625% 03/15/2024-2029 | — | — | $300K | $280K | <0.1% | |
| ATS Automation tooling sys inc PP 144A 4.125% 12/15/2023-2028 | — | — | $305K | $278K | <0.1% | |
| Synaptics Inc PP 144A 4% 06/15/2024-2029 | — | — | $303K | $277K | <0.1% | |
| TE Connectivity LTD | — | — | $272K | $276K | <0.1% | |
| Charles River Laboratories PP 144A 3.75% 03/15/2024-2029 | — | — | $300K | $275K | <0.1% | |
| Ross Stores Inc. | — | — | $262K | $267K | <0.1% | |
| Lululemon Athletica Inc. | — | — | $260K | $267K | <0.1% | |
| Essential Utilities Inc | — | — | $253K | $266K | <0.1% | |
| Lockheed Martin Corporation | — | — | $259K | $263K | <0.1% | |
| Factset Research Systems Inc. | — | — | $257K | $261K | <0.1% | |
| United Parcel Service | — | — | $382K | $254K | <0.1% | |
| Asbury Automotive Group 4.75% 03/01/2030 | — | — | $248K | $253K | <0.1% | |
| Comcast Corp 4.7% 10/15/2048-2048 | — | — | $345K | $251K | <0.1% | |
| McDonalds Corp 4.45% 09/01/2048-2048 | — | — | $347K | $249K | <0.1% | |
| Zoetis Inc. | — | — | $237K | $249K | <0.1% | |
| Fnma Pass-thru I 3% 11/01/2049 | — | — | $287K | $248K | <0.1% | |
| Central Garden & Pet CO 5.125% 02/01/2023-2028 | — | — | $236K | $247K | <0.1% | |
| Cheniere Energy Partners LP 4.5% 10/01/2024-2029 | — | — | $229K | $244K | <0.1% | |
| Agilent Technologies Inc. | — | — | $310K | $243K | <0.1% | |
| Adobe Systems Inc. | — | — | $307K | $240K | <0.1% | |
| On Semiconductor Corp PP 144A 3.875% 09/01/2023-2028 | — | — | $251K | $236K | <0.1% | |
| Comcast Corporation | — | — | $271K | $234K | <0.1% | |
| Marsh & Mclennan Inc. | — | — | $206K | $228K | <0.1% | |
| Eversource Energy | — | — | $229K | $228K | <0.1% | |
| Lowes Companies Inc. | — | — | $235K | $227K | <0.1% | |
| Aptargroup Inc. | — | — | $205K | $216K | <0.1% | |
| Versik Analytics Inc 5.50% 06/15/2045 | — | — | $293K | $216K | <0.1% | |
| R Horton Inc | — | — | $294K | $213K | <0.1% | |
| Sysco 3.3% 02/15/2049-2050 | — | — | $334K | $213K | <0.1% | |
| Installed Bldg prods Inc PP 144A 5.75% 02/01/2023-2028 | — | — | $214K | $197K | <0.1% | |
| Bank of America Corp 5.875% 12/31/2028-2099 | — | — | $163K | $183K | <0.1% | |
| Federal National Mtg Assn 3% 03/01/2052 | — | — | $210K | $182K | <0.1% | |
| Morgan Stanley FR DTD 5.424% 07/21/2034 | — | — | $178K | $177K | <0.1% | |
| T-Mobile USA Inc 5.2% 01/15/2032-2033 | — | — | $176K | $176K | <0.1% | |
| LGI Homes Inc PP 144A 4% 07/15/2029-2029 | — | — | $190K | $174K | <0.1% | |
| Federal Home Ln Mtg Corp 3% 03/01/2034 | — | — | $152K | $145K | <0.1% | |
| Federal National Mtg Assn Gtd Mtg 3% 08/01/2049 | — | — | $69K | $60K | <0.1% | |
| Mastec Inc Sr Nt 5.9% 06/15/2029 | — | — | $10K | $10K | <0.1% | |
| PRINCIPAL U.S. PROPERTY SEP ACCOUNT PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 027 | Pooled Separate Account | — | — | $0 | <0.1% | |
| INTERNATIONAL FUND LLC NUVEEN ASSET MANAGEMENT, LLC · EIN 27-4357327 / PN 005 | 103-12 Investment Entity | — | — | $0 | <0.1% | |
| BNY MELLON NEWTON GBL REAL RETURN THE BANK OF NEW YORK MELLON · EIN 25-6078093 / PN 231 | Common Collective Trust | — | — | $0 | <0.1% | |
| BLACKROCK GLOBAL ALLOCATION COLL FD BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. · EIN 46-0563260 / PN 001 | Common Collective Trust | — | — | $0 | <0.1% |