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Original filing (PDF)20251015145424NAL0005196065001
TMT BAC LOCAL UNION #7
Form 5500
FILING_RECEIVED
THE LOCAL 7 TILE INDUSTRY ANNUITY FUND
Defined-contribution retirement plan
Signals · 4
45% in single holding~111 bps in Sched C feesNo recordkeeper disclosed14 service providers
Active participants
1,191
Accounts w/ balance
3,116
Plan assets (EOY)
$213.8M
Net assets (EOY)
$213.5M
How this plan invests
This plan
1 pooled trust
Schedule D
12 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
85
/ 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
78
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Amalgamated Longview Largecap 500 Index Fund" is 45% of plan.
- 111 bps in Schedule C fees — 1006% 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 TMT BAC LOCAL UNION #7.
Plan sponsor
Name
TMT BAC LOCAL UNION #7
EIN
38-6829765
Address
1040 AVENUE OF THE AMERICAS, · 24TH FL. · NEW YORK, NY · 10018
Phone
(212) 505-5050
Industry
Constructionsee all
Plan administrator
Name
TMT BAC LOCAL UNION 7
EIN
38-6829765
City
NEW YORK, NY
Phone
(212) 505-5050
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
2E · Profit-sharing
Audit & trust (Schedule H)
Auditor
PKF O'CONNOR DAVIES LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
14 rowsOther
14| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CRESCENT CAPITAL | — | LOS ANGLES CA, IN | NONE | $1.1M | — |
| ULLICO FUND LP | 90-0622302 | — | NONE | $305K | — |
| DANIEL H. COOK & ASSOCIATES | 11-2424843 | — | NONE | $259K | — |
| BOYD WATTERSON GSA FUND, LP | 45-2061717 | — | NONE | $206K | — |
| US REAL ESTATE INVESTMENT FUND LLC | — | BOSTON, MA | NONE | $132K | — |
| PKF O'CONNOR DAVIES LLP | 27-1728945 | — | NONE | $117K | — |
| LOOMIS SAYLES TRUST COMPANY | 20-8080381 | — | NONE | $65K | — |
| COLLERAN, O'HARA & MILLS | 11-2940050 | — | NONE | $54K | — |
| REYONLDS SECURITIES | 20-1899564 | — | NONE | $46K | — |
| VIRGINA AMBINDER | 13-4166736 | — | NONE | $39K | — |
| PRUDENTIAL RETIREMENT INUSRANCE | 06-1050034 | — | NONE | $27K | — |
| LITTLER MENDELSON PC | 94-2602731 | — | NONE | $25K | — |
| AMALGAMATED BANK OF NEW YORK | 13-4920330 | — | NONE | $23K | — |
| HOROWITZ LAW GROUP, PLLC | — | JERSEY CITY, NJ | NONE | $10K | — |
Investments
11 direct securities · 1 pooled fund· $224.5M(100% 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
$100.8M
9 holdings
Common Collective Trust
$100.2M
1 holding
Real Estate
$14.9M
1 holding
Mutual Funds
$8.6M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| LONGVIEW LARGECAP 500 INDEX FUND AMALGAMATED BANK · EIN 13-4920330 / PN 001 | Common Collective Trust | — | $37.7M | $100.2M | 46.9% | |
| NON-CONVERTIBLE BOND Loomis Sayles Intermediate Duration Fixed Income Trust | — | — | $23.0M | $27.0M | 12.6% | |
| Ullico Infrastructure Tax-Exempt Fund, LP | — | — | $15.7M | $19.6M | 9.2% | |
| INVESTMENT CONTRACT WITH INSURANCE COMPANY * Empower Annuity Insurance Company Guaranteed Deposit (GDA) | — | — | $16.3M | $16.3M | 7.6% | |
| LIMITED PARTNERSHIPS Boyd Watterson GSA Fund, LP | — | — | $14.0M | $15.9M | 7.5% | |
| INVESTMENT FUND US Real Estate Investment Fund LLC | Real Estate | — | $11.7M | $14.9M | 7.0% | |
| Crescent Credit Solutions VIII A-2, LP 1.67% ownership interest | — | — | $7.2M | $8.7M | 4.1% | |
| Neuberger Berman Strategic Income R6 | Mutual Funds | — | $8.4M | $8.6M | 4.0% | |
| Category (iii)—Series of Transactions in Same Security Excess of 5% of Plan Assets Amalgamated Longview Largecap 500 Index Fund | — | — | $13.2M | $7.4M | 3.5% | |
| Involved of Loan) Transactions Price Asset Date or (Loss) Category (i)—Single Transactions in Excess of 5% of Plan Assets Amalgamated Longview Largecap 500 Index Fund | — | — | $7.0M | $3.8M | 1.8% | |
| Notes receivable from participants Loans have an interest rate between 1% and 10% with maturities through October 2031 | — | — | $1.3M | $1.3M | 0.6% | |
| Shares / Units CASH AND SHORT TERM INVESTMENTS Interest Bearing Cash N/A | — | — | $803K | $803K | 0.4% |