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Original filing (PDF)20251014081506NAL0001114323001
DULUTH BUILDING TRADES HEALTH WELFARE FUND
Form 5500
FILING_RECEIVED
DULUTH BUILDING TRADES HEALTH AND WELFARE FUND
Health & welfare plan
Signals · 4
32% in single holding~262 bps in Sched C feesNo recordkeeper disclosed9 service providers
Active participants
849
Accounts w/ balance
—
Plan assets (EOY)
$35.5M
Net assets (EOY)
$20.8M
How this plan invests
This plan
15 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 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
84
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Ishares TR Core US Aggregate BD Exchange-Traded Fund" is 32% of plan.
- 262 bps in Schedule C fees — 804% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for DULUTH BUILDING TRADES HEALTH WELFARE FUND.
Plan sponsor
Name
DULUTH BUILDING TRADES HEALTH WELFARE FUND
EIN
41-6025701
Address
2002 LONDON ROAD, SUITE 300 · DULUTH, MN · 55812
Phone
(218) 728-4231
Industry
Constructionsee all
Plan administrator
Name
WILSON - MCSHANE COPORATION
EIN
41-0956552
City
DULUTH, MN
Phone
(218) 728-4231
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4F · Temporary Disability (accident and sickness)
Audit & trust (Schedule H)
Auditor
BAUMAN ASSOCIATES, LTD
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
9 rowsOther
9| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| WILSON-MCSHANE | 41-0956552 | DULUTH, MN | NONE | $403K | — |
| HEALTH GAUGE | 81-0612266 | — | NONE | $180K | — |
| STAIRWAY PARTNERS LLC | 20-1164360 | MINNEAPOLIS, MN | NONE | $125K | — |
| THE SEGAL COMPANY | 13-1975125 | BLOOMINGTON, MN | NONE | $103K | — |
| ANDREW & BRANSKY P.A. | 41-1502219 | DULUTH, MN | NONE | $38K | — |
| DELTA DENTAL | 41-1905554 | MINNEAPOLIS, MN | NONE | $29K | — |
| TEAM CORPORATION | 81-4050818 | — | NONE | $21K | — |
| PRIME THERAPEUTICS | 26-0076803 | EAGAN, MN | NONE | $16K | — |
| BAUMAN ASSOCIATES, LTD. | 39-1277627 | EAU CLAIRE, WI | NONE | $15K | — |
Investments
15 direct securities· $33.1M(93% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Ishares TR Core US Aggregate BD Exchange-Traded Fund | — | — | $10.7M | $10.6M | 29.8% | |
| Vanguard BD Index FDS Vanguard Total Bd Market Exchange-Traded Fund | — | — | $7.7M | $7.6M | 21.4% | |
| United States Treasury BDS U.S. Treasury Securities; 4.125%; Maturity 8/15/2053 | — | — | $2.3M | $2.3M | 6.5% | |
| Ishares TR Core MSCI EAFE Exchange-Traded Fund | — | — | $2.3M | $2.1M | 5.8% | |
| Ishares TR Russell 1000 Value Exchange-Traded Fund | — | — | $1.6M | $2.0M | 5.5% | |
| Ishares TR Russell 1000 Growth Exchange-Traded Fund | — | — | $1.0M | $1.9M | 5.3% | |
| Ishares TR Core S&P 500 Exchange-Traded Fund | — | — | $1.5M | $1.5M | 4.2% | |
| IShares Inc Core MSCI Emerging Mkts Exchange-Traded Fund | — | — | $1.3M | $1.5M | 4.1% | |
| SPDR Index SHS FDS S&P Emerging Asia Pac Exchange-Traded Fund | — | — | $559K | $676K | 1.9% | |
| Ishares TR IBOXX $ High Yield Corp BD Exchange-Traded Fund | — | — | $572K | $608K | 1.7% | |
| Vanguard Intl Equity Index FDS FTSE Europe Exchange-Traded Fund | — | — | $509K | $584K | 1.6% | |
| Dreyfus Ins Deposit Program Interest-Bearing Cash | — | — | $564K | $564K | 1.6% | |
| Ishares TR Russell 2000 Exchange-Traded Fund | — | — | $438K | $559K | 1.6% | |
| Ishares TR JPMorgan USD Emerging Mkts BD Exchange-Traded Fund | — | — | $431K | $451K | 1.3% | |
| Ishares Inc MSCI CDA Exchange-Traded Fund | — | — | $324K | $315K | 0.9% |