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Original filing (PDF)20251015141515NAL0010013618001
TRUSTEES OF MICHIGAN ELECTRICAL EMPLOYEES' PENSION FUND
Form 5500
FILING_RECEIVED
MICHIGAN ELECTRICAL EMPLOYEES' PENSION PLAN
Defined-benefit pension plan
Signals · 3
47% employer stockNo recordkeeper disclosed19 service providers
Active participants
2,271
Accounts w/ balance
—
Plan assets (EOY)
$544.8M
Net assets (EOY)
$543.4M
How this plan invests
This plan
1 pooled trust
Schedule D
878 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
- 47% of plan in employer / sponsor stock.
- 49 bps in Schedule C fees — 714% 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 TRUSTEES OF MICHIGAN ELECTRICAL EMPLOYEES' PENSION FUND.
Plan sponsor
Name
TRUSTEES OF MICHIGAN ELECTRICAL EMPLOYEES' PENSION FUND
EIN
38-6233977
Address
1423 EAST 12 MILE ROAD · MADISON HEIGHTS, MI · 48071
Phone
(248) 658-0800
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
BENDA, GRACE, STULZ & COMPANY, P.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
19 rowsOther
19| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY | 26-4310844 | — | NONE | $1.1M | — |
| WILSON MCSHANE CORPORATION | 39-1126909 | — | NONE | $400K | — |
| WCM INVESTMENT MANAGEMENT | — | LAGUNA BEACH, CA | NONE | $369K | — |
| EAGLE CAPITAL MANAGEMENT, LLC | 22-3361201 | — | NONE | $254K | — |
| AMERICAN REALTY ADVISORS | 95-4871432 | — | NONE | $220K | — |
| CENTERSQUARE INVESTMENT MANAGEMENT | — | PLYMOUTH MEETING, PA | NONE | $82K | — |
| CUNI, RUST, STRENK, INC. | 31-1227755 | — | NONE | $66K | — |
| NATIONAL INVESTMENT SERVICES | 20-0005644 | — | NONE | $51K | — |
| METROPOLITAN WEST ASSET MANAGEMENT | — | LOS ANGELES, CA | NONE | $42K | — |
| WATKINS PAWLICK CALATI & PRIFTI, PC | 83-2893229 | — | SEE ATTACHED | $37K | — |
| FRANKLIN TEMPLETON PRIVATE | — | CHICAGO, IL | NONE | $34K | — |
| BENDA, GRACE, STULZ & COMPANY, P.C. | 38-2284921 | — | NONE | $29K | — |
| THE PNC FINANCIAL SERVICES GROUP | — | PITTSBURGH, PA | NONE | $5K | — |
| LOOMIS SAYLES | — | BOSTON, MA | NONE | $0 | — |
| DELAWARE/MONDRIAN INT'L ADR | — | PHILADELPHIA, PA | NONE | $0 | — |
| EIP ENERGY INFR & MLP STR | — | WESTPORT, CT | NONE | $0 | — |
| POLEN CAPITAL | — | BOCA RATON, FL | NONE | $0 | — |
| JOHN HANCOCK | — | BOSTON, MA | NONE | $0 | — |
| GENEVA CAPITAL | — | ALEXANDRIA, MN | NONE | $0 | — |
Investments
787 direct securities · 1 pooled fund· $504.9M(93% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.
Uncategorized
$436.4M
767 holdings
Common Collective Trust
$45.2M
1 holding
Mutual Funds
$17.1M
1 holding
Common Stocks
$6.0M
14 holdings
Corporate Bonds
$185K
5 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| EARNEST PARTNERS INTERNATIONAL FUND SEI TRUST COMPANY · EIN 26-4377700 / PN 002 | Common Collective Trust | — | $27.3M | $45.2M | 8.3% | |
| LIMITED PARTNERSHIPS National Investment Services NIS Core Fixed Income Fund | — | — | $21.9M | $22.5M | 4.1% | |
| American Realty Advisors American Core Realty Fund | — | — | $19.4M | $20.1M | 3.7% | |
| BlackRock Strategic Income Opportunities Portfolio Fund | — | — | $19.5M | $18.1M | 3.3% | |
| S Vanguard Russell 1000 Growth Index Fund ETF | Mutual Funds | — | $6.9M | $17.1M | 3.1% | |
| Vanguard Russell 1000 Value Index Fund ETF | — | — | $10.9M | $15.9M | 2.9% | |
| American Funds New World F2 Fund | — | — | $16.2M | $15.4M | 2.8% | |
| CION Investments Cion Ares Difersified Credit Fund | — | — | $13.6M | $13.7M | 2.5% | |
| HEDGE FUND Blackstone Private Credit Fund | — | — | $11.8M | $13.7M | 2.5% | |
| Select Equity SEG Partners Offshore, Ltd | — | — | $9.0M | $10.5M | 1.9% | |
| Pantheon ERISA Infrastructure Fund III | — | — | $5.1M | $8.7M | 1.6% | |
| Parnters Group Partners Group Direct Equity IV (USD) C-1, L.P. | — | — | $6.5M | $8.1M | 1.5% | |
| HarbourVest Partners, LLC HarbourVest Partners Co-Investmetn VI Feeder Fund, L.P. | — | — | $6.2M | $7.8M | 1.4% | |
| Lazard Funds, Inc. Global Listed Infrastructure Porfolio Institutional Shares Fund | — | — | $7.0M | $6.9M | 1.3% | |
| Morgan Stanley Short Term Fund | — | — | $6.8M | $6.8M | 1.2% | |
| GQG Partners Emerging Markets Equity Inst. Fund | — | — | $7.3M | $6.6M | 1.2% | |
| Franklin Templeton Franklin BSP Capital Corporation | — | — | $4.6M | $5.9M | 1.1% | |
| HabourVest Partners, LLC HarbourVest Partners Co-Investmetn V Feeder Fund, L.P. | — | — | $1.7M | $5.7M | 1.0% | |
| Morgan Stanley Federated Government Obligations Fund 556 BlackRock iShares Core S&P 500 ETF Fund | — | — | $2.4M | $5.5M | 1.0% | |
| Tortoise Capital Advisors, LLC Tortoise MLP & Pipeline Fund | — | — | $2.3M | $4.2M | 0.8% | |
| Hamilton Lane Hamilton Lane Private Markets Opportunity Feeder Fund, L.P. | — | — | $3.1M | $3.9M | 0.7% | |
| Amazon Com Inc Common stock | — | — | $1.4M | $2.9M | 0.5% | |
| Taiwan Semiconducter Mfg Co Common stock | — | — | $1.7M | $2.3M | 0.4% | |
| Western Assets Western Asset Smash Series CR Fund | — | — | $3.2M | $2.3M | 0.4% | |
| United States Government U.S. Treasury nt 4.250% due 11/15/2034 | — | — | $2.2M | $2.1M | 0.4% | |
| ConocoPhillips Common stock | — | — | $2.0M | $1.9M | 0.3% | |
| Nvidia Corp Common stock | — | — | $50K | $1.9M | 0.3% | |
| Alphabet Inc CL C Common stock | — | — | $440K | $1.9M | 0.3% | |
| Meta Platforms Inc CL A Common stock | — | — | $355K | $1.8M | 0.3% | |
| Novo Nordisk A/S ADR Common stock | — | — | $1.1M | $1.8M | 0.3% | |
| Tesla Inc Common stock | — | — | $723K | $1.7M | 0.3% | |
| Sea Limited ADR Common stock | — | — | $1.2M | $1.7M | 0.3% | |
| SAP AG Common stock | — | — | $1.7M | $1.7M | 0.3% | |
| Safran SA Common stock | — | — | $1.4M | $1.7M | 0.3% | |
| Ferrari N V Common stock | — | — | $722K | $1.7M | 0.3% | |
| State Street Global Advisors SPDR Bloomberg 1-3 Month T-Bill ETF Fund | — | — | $1.6M | $1.6M | 0.3% | |
| Spotify Technology Common stock | — | — | $1.0M | $1.6M | 0.3% | |
| Sony Group Corporation ADR Common stock | — | — | $1.1M | $1.5M | 0.3% | |
| Nvidia Corp Common stock | — | — | $1.4M | $1.5M | 0.3% | |
| AON PLC CL A Common stock | — | — | $1.1M | $1.5M | 0.3% | |
| Meta Platforms Inc CL A Common stock | — | — | $207K | $1.5M | 0.3% | |
| UTD Overseas BK LTD Common stock | — | — | $989K | $1.5M | 0.3% | |
| Workday Inc Common stock | — | — | $1.3M | $1.5M | 0.3% | |
| Apple Inc Common stock | — | — | $1.3M | $1.5M | 0.3% | |
| Allianz SE ADR Common stock | Common Stocks | — | $1.1M | $1.4M | 0.3% | |
| Microsoft Corp Common stock | — | — | $150K | $1.4M | 0.3% | |
| Houlihan Lokey Inc CL A Common stock | — | — | $528K | $1.4M | 0.3% | |
| Banco Santander S.A. Common stock | — | — | $1.0M | $1.4M | 0.3% | |
| Astrazeneca Plc ADR Common stock | — | — | $1.4M | $1.4M | 0.3% | |
| Rolls Royce Holdings Plc Common stock | — | — | $1.4M | $1.4M | 0.2% | |
| Continued 3I Group Plc Common stock | Common Stocks | — | $1.1M | $1.3M | 0.2% | |
| Lloyds Banking Group PLC Common stock | — | — | $1.3M | $1.3M | 0.2% | |
| Icon Plc Common stock | — | — | $1.3M | $1.3M | 0.2% | |
| SNAM S P A ADR Common stock | — | — | $1.6M | $1.3M | 0.2% | |
| Equinix Inc Common stock | — | — | $1.0M | $1.3M | 0.2% | |
| Imperial Brands PLC Common stock | — | — | $869K | $1.3M | 0.2% | |
| Meituan ADR Common stock | — | — | $1.6M | $1.3M | 0.2% | |
| SAP AG Common stock | — | — | $695K | $1.2M | 0.2% | |
| SSE PLC Spon ADR Common stock | — | — | $1.1M | $1.2M | 0.2% | |
| Arch Capital Group LTD Common stock | — | — | $939K | $1.2M | 0.2% | |
| Amazon Inc Common stock | — | — | $103K | $1.2M | 0.2% | |
| Mitsubishi Heavy Inds Ltd Common stock | — | — | $887K | $1.2M | 0.2% | |
| Deutsche Pst AG ADR Common stock | — | — | $1.4M | $1.2M | 0.2% | |
| Shell PLC ADR Common stock | — | — | $1.0M | $1.2M | 0.2% | |
| Canadian Pacific Kansas City Common stock | — | — | $854K | $1.2M | 0.2% | |
| Comcast Corp Class A Common stock | — | — | $1.2M | $1.2M | 0.2% | |
| UnitedHealth GP Inc Common stock | — | — | $690K | $1.2M | 0.2% | |
| Siemens Energy AG ADR Common stock | — | — | $1.1M | $1.2M | 0.2% | |
| Prosus N V Spon ADR Common stock | — | — | $980K | $1.2M | 0.2% | |
| Hitachi 10 ADR Common stock | — | — | $520K | $1.2M | 0.2% | |
| Taiwan Smcndctr MFG Co Common stock | — | — | $547K | $1.1M | 0.2% | |
| Mitsubishi Electric ADR Common stock | — | — | $849K | $1.1M | 0.2% | |
| Shell PLC Common stock | — | — | $758K | $1.1M | 0.2% | |
| Amazon Inc Common stock | — | — | $481K | $1.1M | 0.2% | |
| Sanofi ADR Common stock | — | — | $970K | $1.1M | 0.2% | |
| Fuji Film Hldgs Corp ADR Common stock | — | — | $867K | $1.1M | 0.2% | |
| Parsons Corp Common stock | — | — | $481K | $1.1M | 0.2% | |
| Western Assets Western Asset Smash Series M Fund | — | — | $1.5M | $1.1M | 0.2% | |
| Coupang Inc Common stock | — | — | $1.1M | $1.1M | 0.2% | |
| Adyen N V Unsponsred ADR Common stock | — | — | $874K | $1.0M | 0.2% | |
| Atlassian Corporation CL A Common stock | — | — | $697K | $1.0M | 0.2% | |
| Schneider Elec SA Unsp Adr Common stock | — | — | $635K | $1.0M | 0.2% | |
| Linde Plc Common stock | — | — | $803K | $1.0M | 0.2% | |
| Microsoft Corp Common stock | — | — | $302K | $1.0M | 0.2% | |
| Icici Bank Ltd Common stock | — | — | $752K | $1.0M | 0.2% | |
| Visa Inc Common stock | — | — | $102K | $1.0M | 0.2% | |
| Flowserve Corp Common stock | — | — | $478K | $1.0M | 0.2% | |
| BP PLC ADS Common stock | — | — | $1.2M | $985K | 0.2% | |
| Toyota Industries Corp ADR Common stock | — | — | $698K | $976K | 0.2% | |
| Steris Plc Common stock | — | — | $584K | $968K | 0.2% | |
| Prologis Inc Common stock | — | — | $953K | $966K | 0.2% | |
| Capital One Financial Corp Common stock | — | — | $509K | $957K | 0.2% | |
| Oracle Corp Common stock | — | — | $219K | $955K | 0.2% | |
| Bae Sys Plc Spon ADR Common stock | — | — | $844K | $942K | 0.2% | |
| Integer Holdings Corp Common stock | — | — | $508K | $925K | 0.2% | |
| Compass Group PLC SPD ADR Common stock | — | — | $777K | $923K | 0.2% | |
| Reinsurance Group of America Common stock | — | — | $507K | $913K | 0.2% | |
| WPP PLC Spon Common stock | — | — | $1.0M | $910K | 0.2% | |
| Moog Inc CL A Common stock | — | — | $380K | $903K | 0.2% | |
| SPX Technologies Inc Common stock | — | — | $321K | $894K | 0.2% | |
| KDDI Corp Common stock | — | — | $909K | $891K | 0.2% | |
| Bouygues SA Unspon ADR Common stock | — | — | $995K | $887K | 0.2% | |
| Welltower Inc Common stock | — | — | $552K | $883K | 0.2% | |
| UBS Group Ag SHS Common stock | — | — | $885K | $875K | 0.2% | |
| Microsoft Corp Common stock | — | — | $92K | $865K | 0.2% | |
| Humana Inc Common stock | — | — | $1.1M | $862K | 0.2% | |
| Formfactor Inc Common stock | — | — | $899K | $856K | 0.2% | |
| CK Hutchison Hldgs LTD Common stock | — | — | $1.3M | $851K | 0.2% | |
| ASM International NV Common stock | — | — | $483K | $849K | 0.2% | |
| Alphabet Inc CL C Common stock | — | — | $293K | $840K | 0.2% | |
| Boeing Co Common stock | — | — | $715K | $834K | 0.2% | |
| Honda Motor Company LTD ADR Common stock | — | — | $737K | $829K | 0.2% | |
| Southstate Corporation Common stock | — | — | $639K | $824K | 0.2% | |
| United States Government U.S. Treasury nt 4.375% due 12/31/2029 | — | — | $821K | $823K | 0.2% | |
| WH Group ADR Common stock | — | — | $912K | $819K | 0.2% | |
| Western Assets Western Asset Smash Series C Fund | — | — | $838K | $808K | 0.1% | |
| Fergysib Enterprises Inc Common stock | — | — | $660K | $797K | 0.1% | |
| Vinci SA ADR Common stock | — | — | $904K | $794K | 0.1% | |
| Digital Realty Trust Inc Common stock | — | — | $567K | $793K | 0.1% | |
| Visa Inc Common stock | — | — | $566K | $787K | 0.1% | |
| British Amer TOB Unspon ADR Common stock | — | — | $797K | $779K | 0.1% | |
| Franklin Electric Co Common stock | — | — | $597K | $772K | 0.1% | |
| Cheese Cake Factory Inc Common stock | — | — | $538K | $771K | 0.1% | |
| Mercadolibre Inc Common stock | — | — | $649K | $765K | 0.1% | |
| Woodward Inc Common stock | — | — | $576K | $759K | 0.1% | |
| Gatx Corp Common stock | — | — | $474K | $757K | 0.1% | |
| NU Hldgs Ltd Common stock | — | — | $769K | $745K | 0.1% | |
| Continued Secom LTD ADR Common stock | Common Stocks | — | $731K | $739K | 0.1% | |
| Aon PLC CL A Common stock | — | — | $552K | $735K | 0.1% | |
| Kao Corp Common stock | — | — | $685K | $729K | 0.1% | |
| Cabot Corp Common stock | — | — | $405K | $728K | 0.1% | |
| Canadian Natural Resources LTD Common stock | — | — | $793K | $725K | 0.1% | |
| Experian Gp LTD Adr Common stock | — | — | $425K | $723K | 0.1% | |
| Stifel Financial Corporation Common stock | — | — | $427K | $720K | 0.1% | |
| Koninklijke Ahold Delhaize Common stock | — | — | $684K | $712K | 0.1% | |
| Waste Connections Inc Common stock | — | — | $555K | $710K | 0.1% | |
| Trustmark Cp Common stock | — | — | $581K | $707K | 0.1% | |
| Wells Fargo & Co Common stock | — | — | $402K | $705K | 0.1% | |
| Heartland Fin USA Inc Common stock | — | — | $560K | $693K | 0.1% | |
| London Stk Exchange Group Common stock | — | — | $643K | $690K | 0.1% | |
| Apple Inc Common stock | — | — | $111K | $688K | 0.1% | |
| Oceaneering Intl Inc Common stock | — | — | $484K | $683K | 0.1% | |
| GE Vernova Inc Common stock | — | — | $300K | $681K | 0.1% | |
| United Community Banks Inc Common stock | — | — | $657K | $677K | 0.1% | |
| Kering S A ADR Common stock | — | — | $1.1M | $676K | 0.1% | |
| Singapore Telecom LTD ADR Common stock | — | — | $664K | $674K | 0.1% | |
| Advanced Energy Ind Inc Common stock | — | — | $623K | $672K | 0.1% | |
| The Scotts Mirable-Gro Company Common stock | — | — | $839K | $666K | 0.1% | |
| Alphabet inc CL A Common stock | — | — | $103K | $663K | 0.1% | |
| Construction Partners Inc C-A Common stock | — | — | $246K | $662K | 0.1% | |
| Novartis AG ADR Common stock | — | — | $545K | $656K | 0.1% | |
| Alcoa Corp Common stock | — | — | $660K | $653K | 0.1% | |
| Enterprise Fincl Svcs Corp Common stock | — | — | $546K | $645K | 0.1% | |
| Salesforce.com Inc Common stock | — | — | $268K | $640K | 0.1% | |
| Safran SA Common stock | — | — | $411K | $639K | 0.1% | |
| Ryder Systems Inc Common stock | — | — | $287K | $635K | 0.1% | |
| United States Government U.S. Treasury bd 4.625% due 11/15/2044 | — | — | $662K | $633K | 0.1% | |
| Box Inc Cl A Common stock | — | — | $521K | $628K | 0.1% | |
| Continued First Merchants Corp Common stock | Common Stocks | — | $650K | $621K | 0.1% | |
| Firstcash Hldgs Inc Common stock | — | — | $408K | $616K | 0.1% | |
| Elevance Health Inc Common stock | — | — | $711K | $612K | 0.1% | |
| United Bankshares Inc W VA Common stock | — | — | $585K | $597K | 0.1% | |
| Bayer AG Spon ADR Common stock | — | — | $1.2M | $589K | 0.1% | |
| Alphabet Inc Cl C Common stock | — | — | $69K | $588K | 0.1% | |
| Exlservice Hldgs Inc Common stock | — | — | $190K | $585K | 0.1% | |
| Alphabet Inc CL A Common stock | — | — | $166K | $579K | 0.1% | |
| Continued Aaon Inc Common stock | Common Stocks | — | $162K | $577K | 0.1% | |
| Liberty Broadband Corp Common stock | — | — | $634K | $576K | 0.1% | |
| Invitation Homes Inc Common stock | — | — | $635K | $572K | 0.1% | |
| UDR Inc Common stock | — | — | $522K | $571K | 0.1% | |
| Meritage Home Corporation Common stock | — | — | $315K | $570K | 0.1% | |
| AAR Corporation Common stock | — | — | $322K | $566K | 0.1% | |
| Tesla Inc Common stock | — | — | $387K | $563K | 0.1% | |
| One Gas Inc Common stock | — | — | $513K | $556K | 0.1% | |
| Kinsale Cap Group Inc Common stock | — | — | $108K | $545K | 0.1% | |
| Littelfuse Inc Common stock | — | — | $612K | $542K | <0.1% | |
| Stag Indl Inc Common stock | — | — | $515K | $537K | <0.1% | |
| Enersys Common stock | — | — | $535K | $535K | <0.1% | |
| Walt Disney Co Hldg Common stock | — | — | $501K | $531K | <0.1% | |
| Contl AG Spons ADR Common stock | — | — | $828K | $526K | <0.1% | |
| Darling Ingredients Inc Common stock | — | — | $944K | $525K | <0.1% | |
| Bank of America Corp Common stock | — | — | $221K | $523K | <0.1% | |
| Heico Corp Common stock | — | — | $261K | $517K | <0.1% | |
| Archrock Inc Common stock | — | — | $215K | $512K | <0.1% | |
| Equity Residential Common stock | — | — | $493K | $509K | <0.1% | |
| RBC Bearings Inc Common stock | — | — | $283K | $507K | <0.1% | |
| Unitedhealth GP Inc Common stock | — | — | $320K | $505K | <0.1% | |
| Texas Roadhouse Inc CL A Common stock | — | — | $157K | $504K | <0.1% | |
| Onto Innovation Inc Common stock | — | — | $227K | $501K | <0.1% | |
| Mondi PLC ADR Common stock | — | — | $923K | $493K | <0.1% | |
| Grand Canyon ED Inc Common stock | — | — | $277K | $492K | <0.1% | |
| Shopify Inc Common stock | — | — | $251K | $489K | <0.1% | |
| Netflix Inc Common stock | — | — | $110K | $488K | <0.1% | |
| United States Government U.S. Treasury bd 4.500% due 11/15/2054 | — | — | $505K | $484K | <0.1% | |
| Descartes Systems Group Inc Common stock | — | — | $160K | $481K | <0.1% | |
| Simon PPTY Group Inc Common stock | — | — | $341K | $476K | <0.1% | |
| Tyler Technologies Inc Common stock | — | — | $173K | $471K | <0.1% | |
| Mastercard Inc CL A Common stock | — | — | $155K | $464K | <0.1% | |
| Vertex Pharmaceuticals Common stock | — | — | $236K | $455K | <0.1% | |
| Globant S.A. Common stock | — | — | $203K | $451K | <0.1% |
Showing top 200 of 788 investments by value.