Original filing (PDF)20251015102138NAL0009051906001

BOARD OF TRUSTEES OF MADISON AREA CONSTRUCTION EMPLOYEES TRUST - HEALT

Name: BOARD OF TRUSTEES OF MADISON AREA CONSTRUCTION EMPLOYEES TRUST - HEALT — MADISON AREA CONSTRUCTION EMPLOYEES TRUST HEALTH & WELFARE, Form 5500 (2024)
Creator: BOARD OF TRUSTEES OF MADISON AREA CONSTRUCTION EMPLOYEES TRUST - HEALT

Form 5500

FILING_RECEIVED

MADISON AREA CONSTRUCTION EMPLOYEES TRUST HEALTH & WELFARE

Health & welfare plan

Signals · 4

40% employer stock~390 bps in Sched C feesNo recordkeeper disclosed10 service providers

Active participants

867

Accounts w/ balance

—

Plan assets (EOY)

$25.2M

Net assets (EOY)

$12.8M

How this plan invests

This plan

157 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

/ 100

Grade C

Average plan with room to improve

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

100

Total plan cost

Plan health

Vendor & structure

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES OF MADISON AREA CONSTRUCTION EMPLOYEES TRUST - HEALT.

Plan sponsor

Name

BOARD OF TRUSTEES OF MADISON AREA CONSTRUCTION EMPLOYEES TRUST - HEALT

EIN

39-6046679

Address

2901 W. BELTLINE HIGHWAY, SUITE 100 · MADISON, WI · 53713

Phone

(608) 278-9500

Industry

Finance & Insurancesee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

501

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-15

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4F · Temporary Disability (accident and sickness)

Audit & trust (Schedule H)

Auditor

SIKICH CPA LLC

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

10 rows

Accountant / Auditor

Name	EIN	Location	Relation	Direct comp	Indirect comp
SIKICH CPA LLC	54-1172176	—	NONE	$25K	—

Other service providers

Name	EIN	Location	Relation	Direct comp	Indirect comp
BENESYS, INC.

Investments

157 direct securities· $19.7M(78% of reported assets)

Bonds / Notes

$9.0M

72 holdings

Common Stock

$7.8M

63 holdings

Other securities

$1.9M

13 holdings

U.S. Treasuries

$383K

2 holdings

Corporate Bonds

$370K

3 holdings

Common Stocks

$252K

3 holdings

Mutual Funds

$99K

1 holding

					% of plan
Apple, Inc.	Common Stock	—	$239K	$595K	2.4%
Microsoft Corp.	Common Stock	—	$274K	$535K	2.1%
Alphabet, Inc.	Common Stock	—	$203K	$478K	1.9%
Amazon.com, Inc.	Common Stock	—	$225K	$449K	1.8%
Meta Platform, Inc.	Common Stock	—	$125K	$319K	1.3%
Vanguard International Equity Index Fund ETF	Other securities	—	$242K	$298K	1.2%
Nvidia Corp	Common Stock	—	$113K	$248K	1.0%
Vanguard Mid Cap Index Fund ETF	Other securities	—	$161K	$199K	0.8%
Vanguard Ftse Developed Martkerts ETF	Other securities	—	$193K	$199K	0.8%
Vanguard Small Cap Value Index Fund	Other securities	—	$159K	$197K	0.8%
US Government and Agency Securities US Treasury Note 2.375%, due 05/15/27	U.S. Treasuries	—	$190K	$192K	0.8%
US Treasury Note 2.875%, due 05/15/28	U.S. Treasuries	—	$192K	$191K	0.8%
JPMorgan Chase & Co.	Common Stock	—	$94K	$169K	0.7%
Lowe's Cos., Inc.	Common Stock	—	$99K	$152K	0.6%
Salesforce, Inc.	Common Stock	—	$88K	$150K	0.6%
Schwab U.S. Tips ETF	Other securities	—	$153K	$147K	0.6%
Vanguard Mortgage-Backed Secs Index Fund	Other securities	—	$148K	$146K	0.6%
Broadcom, Inc.	Common Stock	—	$35K	$145K	0.6%
Visa, Inc.	Common Stock	—	$95K	$144K	0.6%
Avery Dennison Corp. 4.875%, due 12/06/28	Bonds / Notes	—	$161K	$140K	0.6%
Capital One Financial Corp 4.200%, due 10/29/25	Bonds / Notes	—	$151K	$139K	0.6%
Wells Fargo & Co. 4.300%, due 07/22/27	Bonds / Notes	—	$153K	$138K	0.5%
Whirlpool Corp 4.750%, due 02/26/29	Bonds / Notes	—	$139K	$138K	0.5%
Best Buy, Inc. 4.450%, due 10/01/28	Bonds / Notes	—	$155K	$138K	0.5%
Verizon Communications, Inc. 4.329%, due 09/21/28	Bonds / Notes	—	$138K	$137K	0.5%
Edwards Lifesciences Corp. 4.300%, due 06/15/28	Bonds / Notes	—	$157K	$137K	0.5%
Synchrony Financial Global 3.700%, due 08/24/26	Bonds / Notes	—	$133K	$137K	0.5%
International Flavors & Fragrances 4.450%, due 09/26/28	Bonds / Notes	—	$134K	$137K	0.5%
Union Pacific Corp. 3.950%, due 09/10/28	Bonds / Notes	—	$147K	$136K	0.5%
Dollar Tree, Inc. 4.200%, due 05/15/28	Bonds / Notes	—	$153K	$136K	0.5%
Martin Marietta Matls, Inc. 3.500%, due 12/15/27	Bonds / Notes	—	$150K	$135K	0.5%
American Elec Pwr Inc. 3.200%, due 11/13/27	Bonds / Notes	—	$150K	$134K	0.5%
Huntsman Intl LLC 4.500%, due 05/01/29	Bonds / Notes	—	$129K	$133K	0.5%
Borgwarner, Inc. 2.650%, due 07/01/27	Bonds / Notes	—	$143K	$133K	0.5%
American Tower Corp. 3.800%, due 08/15/29	Bonds / Notes	—	$130K	$133K	0.5%
MasterCard, Inc.	Common Stock	—	$74K	$132K	0.5%
Diamondback Energy Inc 3.500%, due 12/01/29	Bonds / Notes	—	$126K	$130K	0.5%
Utilities Select Sector SPDR Fund	Other securities	—	$109K	$130K	0.5%
Fortune Brands Home & SEC Inc 3.250%, due 09/15/29	Bonds / Notes	—	$121K	$129K	0.5%
Oracle Corp. 2.300%, due 03/25/28	Bonds / Notes	—	$137K	$129K	0.5%
Baker Hughes A GE Co LLC 3.800%, due 08/15/29	Bonds / Notes	—	$126K	$129K	0.5%
Take Two Interactive Software 4.000%, due 04/14/32	Bonds / Notes	—	$131K	$129K	0.5%
Perkinelmer, Inc. 3.300%, due 09/15/29	Bonds / Notes	—	$133K	$129K	0.5%
Boeing, Co. 3.200%, due 03/01/29	Bonds / Notes	—	$120K	$129K	0.5%
Royalty Pharma PLC 1.750%, due 09/02/27	Bonds / Notes	—	$127K	$129K	0.5%
T-Mobile US, Inc. 2.050%, due 02/15/28	Bonds / Notes	—	$136K	$129K	0.5%
Workday Inc 3.800%, due 04/01/32	Bonds / Notes	—	$131K	$127K	0.5%
Willis North America Inc 2.950%, due 09/15/29	Bonds / Notes	—	$121K	$127K	0.5%
Conagra Brands, Inc. 1.375%, due 11/01/27	Bonds / Notes	—	$131K	$127K	0.5%
(Continued) Idex Corp 3.000%, due 05/01/30	Corporate Bonds	—	$123K	$127K	0.5%

1–50 of 157

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