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Original filing (PDF)20251106103007NAL0015357312001
BOARD OF TRUSTEES, SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND OF THE
Form 5500
FILING_RECEIVED
SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND OF THE ELECTRICAL INDUSTRY
Health & welfare plan
Signals · 2
No recordkeeper disclosed12 service providers
Active participants
5,084
Accounts w/ balance
—
Plan assets (EOY)
$57.9M
Net assets (EOY)
$57.8M
How this plan invests
This plan
77 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
- 74 bps in Schedule C fees — 364% above peer band of 16 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES, SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND OF THE.
Plan sponsor
Name
BOARD OF TRUSTEES, SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND OF THE
DBA
ELECTRICAL INDUSTRY, DETROIT, MI
EIN
38-6080379
Address
P.O. BOX 71337 · MADISON HEIGHTS, MI · 48071
Phone
(586) 575-9200
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
502
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-11-06
Welfare benefit codes
4C · Supplemental Unemployment
4F · Temporary Disability (accident and sickness)
4Q · Other
Audit & trust (Schedule H)
Auditor
MCCLAIN SMITH & WENZ, PC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
12 rowsAccountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MCCLAIN SMITH & WENZ PC | 38-3382520 | TROY, MI | AUDITOR OF PARENT ORGANIZ | $29K | — |
Other
11| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BOYD WATERSON ASSET MANAGMENT, LLC | — | BLOOMFIELD HILLS, MI | NONE | $108K | — |
| CHERYL THOMAS | 38-6080379 | MADISON HEIGHTS, MI | EMPLOYEE (WAGES PAID) | $72K | — |
| NEPC, LLC | — | BOSTON, MA | NONE | $60K | — |
| E CRAIG YOUNG | 38-6080379 | MADISON HEIGHTS, MI | EMPLOYEE (WAGES PAID) | $44K | — |
| COMERICA BANK | 42-1741646 | DETROIT, MI | NONE | $40K | — |
| WATKINS PAWLICK CALATI & PRIFTI, PC | — | MADISON HEIGHTS, MI | NONE | $36K | — |
| SOLXSYS | — | TROY, MI | NONE | $14K | — |
| ULLICO | — | SILVER SPRING, MA | NONE | $8K | — |
| AUXIOM | — | ROCHESTER, MI | NONE | $8K | — |
| J P MORGAN CHASE BANK | — | NEW YORK, NY | NONE | $5K | — |
| ZENWORKS | — | FAYETTEVILLE, AR | NONE | $5K | — |
Investments
77 direct securities· $57.6M(99% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| INTEREST, COLLATERAL, PAR, OR MATURITY VALUE * NORTHERN LTS FD TR III BOYD WATTERSON LIMITED DURATIONMUTUAL FUNDS - OPEN END1,055,176.60 | — | — | $10.4M | $10.2M | 17.6% | |
| BAIRD SHORT-TERM BD FD INSTL CL SHS MUTUAL FUNDS - OPEN END 810,542.04 | — | — | $7.7M | $7.7M | 13.2% | |
| NCS GLOBAL FUND LLC EQUITIES | — | — | $5.1M | $7.2M | 12.4% | |
| BOYD WATTERSON STATE GOVERNMENT FUND LP EQUITIES | — | — | $5.6M | $5.6M | 9.6% | |
| GOLDMAN SACHS FIN SQ GOVT INST CASH AND CASH EQUIVALENTS4,042,065.93 | — | — | $4.0M | $4.0M | 7.0% | |
| UNITED STATES TREAS NTS 05/15/2034 Ser C-2034 DTD 5/15/2024 4.375% 5/15/20FIXED INCOME | — | — | $3.9M | $3.7M | 6.3% | |
| UNITED STATES TREAS BDS 02/52) 2.25% 02/15/2052 FIXED INCOME | — | — | $3.2M | $2.8M | 4.9% | |
| ISHARES LEHMAN MBS FIXED RATE BD MUTUAL FUNDS - CLOSED END28,250.00 | — | — | $2.8M | $2.6M | 4.5% | |
| ULLICO SEPARATE ACCOUNT W1 ALTERNATIVE ASSETS | — | — | $1.5M | $1.7M | 2.9% | |
| FHLMC POOL #SD-6508 5.5% 09/01/2054 DTD 9/1/2024 5.50% 9/1/2054MORTGAGE BACKED & ASSET BACKED1,060,000.00 | — | — | $1.0M | $1.0M | 1.8% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 2.000 2051-03-01 USD 2%MORTGAGE BACKED & ASSET BACKED1,220,000.00 | — | — | $929K | $725K | 1.3% | |
| INTEREST, COLLATERAL, PAR, OR MATURITY VALUE AFL-CIO HOUSING INVESTMENT TR ALTERNATIVE ASSETS | — | — | $540K | $505K | 0.9% | |
| FEDERAL NATL MTG ASSN 4.000 2052-06-01 USD 4% 06/01/2052MORTGAGE BACKED & ASSET BACKED625,000.00 | — | — | $518K | $483K | 0.8% | |
| UNITED STATES TREAS BDS 1.125% PIDI BDS 15/08/2040 USD (BONDSFIXED INCOME | — | — | $636K | $433K | 0.7% | |
| VERISK ANALYTICS INC DTD 5/15/2015 5.50% 6/15/2045 FIXED INCOME | — | — | $541K | $424K | 0.7% | |
| MASTEC INC SR NT 5.9% 06/15/2029 DTD 6/10/2024 5.90% 6/15/2029FIXED INCOME | — | — | $375K | $382K | 0.7% | |
| MORGAN STANLEY FR 5.424% 07/21/2034 DTD 7/21/2023 5.424% 7/21/2034FIXED INCOME | — | — | $387K | $377K | 0.7% | |
| OSHKOSH CORP 3.1% SNR PIDI NTS 01/03/2030 USD (SEC REGD) 3.1%FIXED INCOME | — | — | $424K | $366K | 0.6% | |
| WESTERN MIDSTREAM OPERATING LP 6.15% 04/01/2033-2033 FIXED INCOME | — | — | $351K | $357K | 0.6% | |
| MURPHY OIL USA INC 4.75% 09/15/2029-2024 FIXED INCOME | — | — | $342K | $356K | 0.6% | |
| SERVICE CORP 5.125% 06/01/2029-2024 FIXED INCOME | — | — | $399K | $355K | 0.6% | |
| BORG WARNER 2.65% 07/01/2027-2027 FIXED INCOME | — | — | $392K | $352K | 0.6% | |
| GOLDMAN SACHS FIN SQ GOVT INST CASH AND CASH EQUIVALENTS330,278.86 | — | — | $330K | $330K | 0.6% | |
| SABRA HEALTH CARE LTD PARTNERSHI 3.9% 10/15/2029-2029 FIXED INCOME | — | — | $367K | $327K | 0.6% | |
| CENTRAL GARDEN & PET CO 5.125% 02/01/2028-2023 FIXED INCOME | — | — | $348K | $316K | 0.5% | |
| CIMAREX ENERGY CO 4.375% 03/15/2029-2028 FIXED INCOME | — | — | $389K | $313K | 0.5% | |
| ACUITY BRANDS LTG INC 2.15% 12/15/2030-2030 FIXED INCOME | — | — | $302K | $311K | 0.5% | |
| MURPHY OIL CORP SR NT 6.00% 10/01/2032 DTD 10/3/2024 6.00% 10/1/2032FIXED INCOME | — | — | $315K | $303K | 0.5% | |
| SYSCO 3.3% 02/15/2050-2049 FIXED INCOME | — | — | $414K | $303K | 0.5% | |
| TARGA RESOURCES PARTNERS 5% 01/15/2028-2023 FIXED INCOME | — | — | $280K | $262K | 0.5% | |
| OAKTREE SPECIALTY LENDING CORP 2.7% 01/15/2027-2026 FIXED INCOME | — | — | $274K | $259K | 0.4% | |
| NEXTERA ENERGY CAP HLDGS INC DTD 11/2/2017 4.80% 12/1/2077FIXED INCOME | — | — | $276K | $240K | 0.4% | |
| BANK OF AMERICA CORP 5.875% 12/31/2099-2028 FIXED INCOME | — | — | $216K | $236K | 0.4% | |
| ASBURY AUTOMOTIVE GROUP 4.75% 03/01/2030-2025 FIXED INCOME | — | — | $225K | $229K | 0.4% | |
| UNITED STATES TREAS 1.5% 02/15/2030 DTD 2/15/2020 1.50% 2/15/2030FIXED INCOME | — | — | $217K | $226K | 0.4% | |
| UNITED RENTALS 4.875% 01/15/2028-2023 FIXED INCOME | — | — | $215K | $219K | 0.4% | |
| NVIDIA CORP 3.5% 04/01/2050-2049 FIXED INCOME | — | — | $318K | $204K | 0.4% | |
| US BANCORP DEL DEPOSITARY SHS REPSTG 1/1000TH INT PFD SER M 4%EQUITIES | — | — | $279K | $197K | 0.3% | |
| CHENIERE ENERGY PARTNERS L P 4.5% 10/01/2029-2024 FIXED INCOME | — | — | $217K | $194K | 0.3% | |
| COMCAST CORP 4.7% 10/15/2048-2048 FIXED INCOME | — | — | $305K | $193K | 0.3% | |
| MCDONALDS CORP 4.45% 09/01/2048-2048 FIXED INCOME | — | — | $285K | $188K | 0.3% | |
| FEDERAL NATL MTG ASSN GTD MTG PA DTD 8/1/2020 2.50% 9/1/2050MORTGAGE BACKED & ASSET BACKED450,000.00 | — | — | $240K | $188K | 0.3% | |
| FEDERAL NATL MTG ASSN 3.000 DTD 2/1/2022 3.00% 3/1/2052 MORTGAGE BACKED & ASSET BACKED225,000.00 | — | — | $183K | $155K | 0.3% | |
| T-MOBILE USA INC 5.2% 01/15/2033-2032 FIXED INCOME | — | — | $146K | $144K | 0.2% | |
| FREEPORT-MCMORAN COPPER & GOLD 4.25% 03/01/2030 FIXED INCOME | — | — | $140K | $143K | 0.2% | |
| SCHWAB CHARLES CORP DEPOSITARY SHARES EACH REPRESENTING AEQUITIES | — | — | $159K | $137K | 0.2% | |
| HB FULLER CO 4.25% 10/15/2028-2023 FIXED INCOME | — | — | $111K | $118K | 0.2% | |
| FNMA PASS-THRU I 3.000 2050-07-01 USD 3% 07/01/2050 MORTGAGE BACKED & ASSET BACKED320,000.00 | — | — | $136K | $110K | 0.2% | |
| FEDERAL NATL MTG ASSN 6.25% 05/15/2029 FIXED INCOME | — | — | $51K | $42K | <0.1% | |
| FEDERAL NATIONAL MORTGAGE ASSOC 3.500 2049-06-01 USD 3.5%MORTGAGE BACKED & ASSET BACKED259,000.00 | — | — | $27K | $22K | <0.1% | |
| FEDERAL HOME LOAN MTG CORP 3.000 2049-07-01 USD 3% 07/01/2049MORTGAGE BACKED & ASSET BACKED135,000.00 | — | — | $25K | $20K | <0.1% | |
| FEDERAL NATL MTG ASSN 4.000 2049-04-01 USD 4% 04/01/2049MORTGAGE BACKED & ASSET BACKED201,000.00 | — | — | $19K | $15K | <0.1% | |
| FEDERAL NATL MTG ASSN 4.500 2049-05-01 USD 4.5% 05/01/2049MORTGAGE BACKED & ASSET BACKED79,000.00 | — | — | $10K | $8K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 3.500 2050-01-01 USD 3.5%MORTGAGE BACKED & ASSET BACKED49,000.00 | — | — | $9K | $7K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 4.000 2048-11-01 USD 4%MORTGAGE BACKED & ASSET BACKED72,000.00 | — | — | $7K | $6K | <0.1% | |
| FEDERAL HOME LOAN MTG CORP 3.000 2050-05-01 USD 3% 05/01/2050MORTGAGE BACKED & ASSET BACKED17,000.00 | — | — | $5K | $4K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 3.500 2049-06-01 USD 3.5%MORTGAGE BACKED & ASSET BACKED38,000.00 | — | — | $4K | $3K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 3.500 2034-02-01 USD 3.5%MORTGAGE BACKED & ASSET BACKED38,000.00 | — | — | $4K | $3K | <0.1% | |
| FEDERAL NATIONAL MORTGAGE ASSOC 4.000 2049-02-01 USD 4%MORTGAGE BACKED & ASSET BACKED27,000.00 | — | — | $3K | $2K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 3.500 2049-07-01 USD 3.5%MORTGAGE BACKED & ASSET BACKED20,000.00 | — | — | $2K | $2K | <0.1% | |
| FEDERAL HOME LOAN MTG CORP 4.000 2049-07-01 USD 4% 07/01/2049MORTGAGE BACKED & ASSET BACKED17,000.00 | — | — | $2K | $2K | <0.1% | |
| FEDERAL NATL MTG ASSN 4.500 2048-12-01 USD 4.5% 12/01/2048MORTGAGE BACKED & ASSET BACKED21,000.00 | — | — | $2K | $2K | <0.1% | |
| FEDERAL HOME LOAN MTG CORP 4.000 DTD 9/1/2019 4.00% 10/1/2049MORTGAGE BACKED & ASSET BACKED9,000.00 | — | — | $2K | $2K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 3.500 2049-08-01 USD 3.5%MORTGAGE BACKED & ASSET BACKED14,000.00 | — | — | $2K | $2K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 4.000 2049-08-01 USD 4%MORTGAGE BACKED & ASSET BACKED14,000.00 | — | — | $2K | $2K | <0.1% | |
| FEDERAL HOME LOAN MTG CORP 4.000 2049-12-01 USD 4% 12/01/2049MORTGAGE BACKED & ASSET BACKED10,000.00 | — | — | $2K | $2K | <0.1% | |
| FEDERAL HOME LN MTG CORP 3.500 2033-09-01 USD 3.5% 09/01/2033MORTGAGE BACKED & ASSET BACKED16,000.00 | — | — | $2K | $2K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 3.500 2049-10-01 USD 3.5%MORTGAGE BACKED & ASSET BACKED11,000.00 | — | — | $2K | $1K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 3.500 2049-08-01 USD 3.5%MORTGAGE BACKED & ASSET BACKED12,000.00 | — | — | $2K | $1K | <0.1% | |
| FEDERAL HOME LN MTG 4.500 2048-10-01 USD/ GOLD POOL 4.5%MORTGAGE BACKED & ASSET BACKED13,000.00 | — | — | $1K | $1K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 3.500 2049-04-01 USD 3.5%MORTGAGE BACKED & ASSET BACKED15,000.00 | — | — | $2K | $1K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 4.500 2048-09-01 USD 4.5%MORTGAGE BACKED & ASSET BACKED12,000.00 | — | — | $12K | $1K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 4.000 2049-02-01 USD 4%MORTGAGE BACKED & ASSET BACKED15,000.00 | — | — | $15K | $1K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 3.000 2049-10-01 USD 3%MORTGAGE BACKED & ASSET BACKED7,000.00 | — | — | $1K | $1K | <0.1% | |
| FEDERAL NATL MTG ASSN 4.000 2049-06-01 USD 4% 06/01/2049MORTGAGE BACKED & ASSET BACKED11,000.00 | — | — | $1K | $1K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 3.500 2033-10-01 USD 3.5%MORTGAGE BACKED & ASSET BACKED12,000.00 | — | — | $1K | $1K | <0.1% | |
| FEDERAL NATL MTG ASSN GTD MTG PA 4.500 2049-08-01 USD 4.5%MORTGAGE BACKED & ASSET BACKED7,000.00 857 | — | — | — | $711 | <0.1% |