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Original filing (PDF)20251219095720NAL0014001922001
IBEW LOCAL UNION NO. 252 PENSION PLAN JOINT BOARD OF TRUSTEES
Form 5500
FILING_RECEIVED
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 252 PENSION PLAN
Defined-benefit pension plan
Signals · 3
78% employer stockNo recordkeeper disclosed7 service providers
Active participants
744
Accounts w/ balance
—
Plan assets (EOY)
$254.4M
Net assets (EOY)
$254.1M
How this plan invests
This plan
101 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
- 78% of plan in employer / sponsor stock.
- 35 bps in Schedule C fees — 249% 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 IBEW LOCAL UNION NO. 252 PENSION PLAN JOINT BOARD OF TRUSTEES.
Plan sponsor
Name
IBEW LOCAL UNION NO. 252 PENSION PLAN JOINT BOARD OF TRUSTEES
EIN
38-6323896
Address
3135 S. STATE STREET, SUITE 105 · ANN ARBOR, MI · 481081653
Phone
(734) 663-2178
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Name
IBEW LOCAL UNION NO. 252 PENSION PLAN JOINT BOARD OF TRUSTEES
EIN
38-6323896
City
ANN ARBOR, MI
Phone
(734) 663-2178
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-06-01
Tax period
2025-05-31
Filed
2025-12-19
Pension benefit codes
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
MANER COSTERISAN & ELLIS, PC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
7 rowsOther
7| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| THOMAS D LUCZAK, PLLC | 87-3430280 | — | NONE | $225K | — |
| SEGAL | 13-1975125 | — | NONE | $190K | — |
| BANK OF ANN ARBOR | 38-3252110 | — | NONE | $174K | — |
| ANN ARBOR BENEFIT ADMINISTRATORS | 38-2866123 | — | NONE | $147K | — |
| ROYAL BANK OF CANADA | 41-1416330 | — | NONE | $106K | — |
| POLK & ASSOCIATES | 38-3388760 | — | NONE | $31K | — |
| ULLICO | 13-2988846 | — | NONE | $14K | — |
Investments
97 direct securities· $261.8M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Growth Index Admiral Common Stock - 249432.109 units | — | — | $14.6M | $53.1M | 20.9% | |
| Vanguard Value Index - Admiral Common Stock - 743990.49 units | — | — | $28.2M | $49.8M | 19.6% | |
| Fidelity 500 Index Fund Common Stock - 161071.073 units | — | — | $12.9M | $33.1M | 13.0% | |
| Federated Hermes Treasury Obl Cl As .0002% Money market fund | — | — | $27.0M | $27.0M | 10.6% | |
| AFL-CIO Housing Investment Trust Real Estate fund - 100 units | — | — | $5.3M | $7.6M | 3.0% | |
| Guggenheim Total Return Bond - I Common Stock - 315397.295 units | — | — | $7.4M | $7.4M | 2.9% | |
| Vanguard High-Yield Corporate - Adm Common Stock - 1181440.295 units | — | — | $6.9M | $6.5M | 2.5% | |
| Vanguard Mid Cap Index - Admiral Common Stock - 18216.555 units | — | — | $4.9M | $6.1M | 2.4% | |
| Guggenheim Macro Opportunities - I Common Stock - 238134.424 units | — | — | $6.3M | $5.9M | 2.3% | |
| Dodge & Cox Income Fund Class I Common Stock - 424753.084 units | — | — | $5.6M | $5.3M | 2.1% | |
| PIMCO Income Institutional Common Stock - 497463.604 units | — | — | $5.6M | $5.3M | 2.1% | |
| Vanguard Total Intl Stk Index Admiral Common Stock - 143639.433 units | — | — | $4.0M | $5.2M | 2.0% | |
| Vanguard Short-Term Investment Grade Adm Common Stock - 482872.408 units | — | — | $5.2M | $5.0M | 2.0% | |
| Columbia Strategic Income Instl Common Stock - 229205.786 units | — | — | $5.6M | $4.9M | 1.9% | |
| Vanguard Total Bond Market Index - Adm Common Stock - 504831.47 units | — | — | $5.3M | $4.8M | 1.9% | |
| Vanguard Small Cap Index Admiral Common Stock - 29760.567 units | — | — | $2.6M | $3.3M | 1.3% | |
| Fidelity Advisor Intl Small Cap Z Common Stock - 78641.101 units | — | — | $2.3M | $2.8M | 1.1% | |
| Cohen & Steers Real Estate Secs Fd I Common Stock - 150458.179 units | — | — | $3.0M | $2.7M | 1.1% | |
| T Rowe Price International Value Equity I Common Stock - 101130.294 units | — | — | $1.4M | $2.1M | 0.8% | |
| BOAA Institutional Cash Equivalent Money market fund | — | — | $1.6M | $1.6M | 0.6% | |
| Extended recognition of May 31, 2009 06/01/2009 10,398,818 14 | — | — | — | $1.1M | 0.4% | |
| Experience Gain 06/01/2021 9,326,433 12 | — | — | — | $1.1M | 0.4% | |
| investment loss Change In Assumptions 06/01/2011 197 2 101 Experience Gain 06/01/2011 1,574,486 2 | — | — | — | $811K | 0.3% | |
| Plan Amendment (one-time distribution) 06/01/2024 775,800 1 | — | — | — | $776K | 0.3% | |
| Plan Amendment 06/01/2024 7,836,499 15 | — | — | — | $772K | 0.3% | |
| Experience Gain 06/01/2024 7,566,213 15 | — | — | — | $745K | 0.3% | |
| Plan Amendment 06/01/2000 3,522,644 6 | — | — | — | $680K | 0.3% | |
| Plan Amendment 06/01/2018 4,448,139 9 | — | — | — | $622K | 0.2% | |
| Plan Amendment 06/01/1998 2,202,094 4 | — | — | — | $602K | 0.2% | |
| Experience Gain 06/01/2014 2,626,997 5 | — | — | — | $591K | 0.2% | |
| investment loss Change In Assumptions 06/01/2014 2,587,649 5 | — | — | — | $582K | 0.2% | |
| Experience Gain 06/01/2022 5,324,337 13 | — | — | — | $574K | 0.2% | |
| investment loss Experience Loss 06/01/2010 485,263 1 | — | — | — | $485K | 0.2% | |
| International Brotherhood of Electrical Workers Local Union No. 252 Pension Plan Date Outstanding Years Amortization Type of Base Established Balance Remaining Amount Change In Assumptions 06/01/2021 4,022,982 12 | — | — | — | $458K | 0.2% | |
| Extended recognition of May 31, 2009 06/01/2011 4,296,683 14 | — | — | — | $442K | 0.2% | |
| Change in Asset Method 06/01/2009 4,338,712 15 | — | — | — | $427K | 0.2% | |
| Change in Assumptions 06/01/2016 2,252,370 7 | — | — | — | $383K | 0.2% | |
| Experience Gain 06/01/2013 1,325,270 4 | — | — | — | $362K | 0.1% | |
| Bank Of America Finance LLC Corporate bond, matures 06/02/2028 | — | — | $300K | $325K | 0.1% | |
| HSBC USA Inc New Corporate bond, matures 06/28/2028 | — | — | $300K | $315K | 0.1% | |
| investment loss Change In Assumptions 06/01/2013 1,099,375 4 | — | — | — | $300K | 0.1% | |
| Morgan Stanley Finance LLC 8.050% Corporate bond, matures 07/02/2026 | — | — | $300K | $298K | 0.1% | |
| Bank Of Montreal Medium Corporate bond, matures 01/31/2028 | — | — | $300K | $293K | 0.1% | |
| Extended recognition of May 31, 2009 06/01/2010 2,743,359 14 | — | — | — | $282K | 0.1% | |
| Morgan Stanley Finance LLC Corporate bond, matures 02/20/2030 | — | — | $300K | $281K | 0.1% | |
| Bank Of Montreal Medium Corporate bond, matures 10/19/2026 | — | — | $300K | $273K | 0.1% | |
| Bank Of America Finance LLC Corporate bond, matures 11/30/2028 | — | — | $300K | $272K | 0.1% | |
| UBS AG London Branch Corporate bond, matures 02/03/2027 | — | — | $300K | $267K | 0.1% | |
| HSBC USA Inc New Corporate bond, matures 11/20/2026 | — | — | $300K | $266K | 0.1% | |
| Experience Gain 06/01/2020 2,129,009 11 | — | — | — | $257K | 0.1% | |
| UBS AG London Branch 0.000% Corporate bond, matures 06/17/2027 | — | — | $300K | $250K | <0.1% | |
| Bank Of Montreal Medium Corporate bond, matures 01/31/2028 | — | — | $300K | $235K | <0.1% | |
| Plan Amendment 06/01/1997 655,010 3 | — | — | — | $232K | <0.1% | |
| investment loss Extended recognition of May 31, 2009 06/01/2014 2,093,350 14 | — | — | — | $215K | <0.1% | |
| Extended recognition of May 31, 2009 06/01/2013 2,059,685 14 | — | — | — | $212K | <0.1% | |
| Bank Of Montreal Medium Corporate bond, matures 02/22/2027 | — | — | $300K | $212K | <0.1% | |
| Change in Assumptions 06/01/2017 1,328,160 8 | — | — | — | $203K | <0.1% | |
| UBS AG London Branch Corporate bond, matures 05/25/2028 | — | — | $200K | $203K | <0.1% | |
| Bank Of Montreal Corporate bond, matures 01/20/2026 | — | — | $200K | $202K | <0.1% | |
| Goldman Sachs Fin Corp Corporate bond, matures 03/13/2028 | — | — | $200K | $202K | <0.1% | |
| Bank Of America Finance LLC 11.000% Corporate bond, matures 05/03/2028 | — | — | $200K | $201K | <0.1% | |
| Bank of America Finance LLC Corporate bond, matures 06/01/2029 | — | — | $200K | $201K | <0.1% | |
| Bank Of America Finance LLC Corporate bond, matures 03/30/2028 | — | — | $200K | $197K | <0.1% | |
| Bank Of America Finance LLC Corporate bond, matures 04/01/2027 | — | — | $200K | $196K | <0.1% | |
| Bank Of America Finance LLC Corporate bond, matures 03/30/2028 | — | — | $200K | $196K | <0.1% | |
| UBS AG London Branch Corporate bond, matures 03/01/2028 | — | — | $200K | $192K | <0.1% | |
| Barclays Bank PLC Foreign bond, matures 03/30/2028 | — | — | $200K | $192K | <0.1% | |
| Bank Of Montreal Medium Corporate bond, matures 12/31/2026 | — | — | $300K | $191K | <0.1% | |
| JPMorgan Chase Financial Co Corporate bond, matures 02/03/2027 | — | — | $300K | $189K | <0.1% | |
| Citigroup Global Mkts Hldgs Corporate bond, matures 03/02/2028 | — | — | $200K | $188K | <0.1% | |
| Bank Of Montreal Corporate bond, matures 01/30/2026 | — | — | $200K | $185K | <0.1% | |
| Morgan Stanley Finance LLC Corporate bond, matures 02/17/2028 | — | — | $200K | $184K | <0.1% | |
| UBS AG London Branch Corporate bond, matures 05/20/2027 | — | — | $200K | $183K | <0.1% | |
| investment loss Extended recognition of May 31, 2009 06/01/2012 1,773,795 14 | — | — | — | $182K | <0.1% | |
| Change In Assumptions 06/01/2002 1,173,499 8 | — | — | — | $180K | <0.1% | |
| Bank Of Montreal Medium Corporate bond, matures 02/22/2028 | — | — | $200K | $178K | <0.1% | |
| Barclays Bank Plc Corporate bond, matures 09/03/2026 | — | — | $200K | $177K | <0.1% | |
| JPMorgan Chase Financial Co Corporate bond, matures 05/20/2027 | — | — | $200K | $175K | <0.1% | |
| HSBC USA Inc New Corporate bond, matures 02/22/2028 | — | — | $200K | $172K | <0.1% | |
| Experience Loss 06/01/2016 992,334 7 | — | — | — | $169K | <0.1% | |
| Date Outstanding Years Amortization Type of Base Established Balance Remaining Amount Change In Assumptions 06/01/2000 $790,720 6 | — | — | — | $153K | <0.1% | |
| Citigroup Global Mkts Hldgs Corporate bond, matures 05/20/2027 | — | — | $200K | $150K | <0.1% | |
| Experience Loss 06/01/2015 738,771 6 | — | — | — | $143K | <0.1% | |
| HSBC USA Inc New Corporate bond, matures 03/22/2027 | — | — | $200K | $141K | <0.1% | |
| Bank Of Montreal Corporate bond, matures 05/29/2026 | — | — | $200K | $125K | <0.1% | |
| HSBC USA Inc New Corporate bond, matures 03/22/2027 | — | — | $200K | $121K | <0.1% | |
| Experience Gain 06/01/2012 287,747 3 | — | — | — | $102K | <0.1% | |
| Change In Assumptions 06/01/1998 369,337 4 | — | — | — | $101K | <0.1% | |
| Experience Gain 06/01/2017 635,566 8 | — | — | — | $97K | <0.1% | |
| Experience Gain 06/01/2023 937,436 14 | — | — | — | $96K | <0.1% | |
| Change In Assumptions 06/01/2010 96,081 1 | — | — | — | $96K | <0.1% | |
| Goldman Sachs Fin Corp Corporate bond, matures 04/29/2027 | — | — | $100K | $73K | <0.1% | |
| Date Outstanding Years Amortization Type of Base Established Balance Remaining Amount Plan Amendment 06/01/1995 $353 1 $353 Change In Assumptions 06/01/1995 72,457 1 | — | — | — | $72K | <0.1% | |
| Bank Of Montreal Medium Corporate bond, matures 08/18/2026 | — | — | $200K | $72K | <0.1% | |
| JPMorgan Chase Financial Co Corporate bond, matures 01/30/2026 | — | — | $200K | $64K | <0.1% | |
| Experience Loss 06/01/2018 383,301 9 | — | — | — | $54K | <0.1% | |
| Experience Gain 06/01/2019 140,300 10 | — | — | — | $18K | <0.1% |
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