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Original filing (PDF)20251015105532NAL0006025456002
TRUSTEES OF IBEW 257-NECA INCOME SECURITY FUND
Form 5500
FILING_RECEIVED
IBEW 257-NECA INCOME SECURITY FUND
Health & welfare plan
Signals · 3
53% in single holding~146 bps in Sched C feesNo recordkeeper disclosed
Active participants
633
Accounts w/ balance
—
Plan assets (EOY)
$4.2M
Net assets (EOY)
$524K
How this plan invests
This plan
10 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
- Top holding "VANGUARD TOTAL BOND MARKET INDEX INST" is 53% of plan.
- 146 bps in Schedule C fees — 181% above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for TRUSTEES OF IBEW 257-NECA INCOME SECURITY FUND.
Plan sponsor
Name
TRUSTEES OF IBEW 257-NECA INCOME SECURITY FUND
EIN
43-1845782
Address
5735 ELIZABETH AVENUE · ST. LOUIS, MO · 63110
Phone
(314) 752-2330
Industry
Electrical Contractors· Constructionsee 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
4C · Supplemental Unemployment
4H · Long-Term Disability
4I · Severance Pay
4L · Death Benefits (other than life insurance)
4Q · Other
Audit & trust (Schedule H)
Auditor
ANDERS MINKLER HUBER HELM LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsOther
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| IBEW-NECA SERVICE CENTER | 43-0896804 | — | COMMON AFFILIATION | $36K | — |
| ANDERS MINKLER HUBER HELM LLP | 43-0831507 | — | NONE | $25K | — |
Investments
10 direct securities· $3.8M(92% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX INST | — | — | $2.2M | $2.0M | 48.4% | |
| VANGUARD SHORT-TERM BOND INDEX ADM | — | — | $1.4M | $1.4M | 33.3% | |
| VANGUARD TOTAL STOCK MARKET INDEX INST | — | — | $128K | $243K | 5.9% | |
| Total Administrative Expenses | — | — | $76K | $80K | 1.9% | |
| Administrative fees | — | — | $36K | $47K | 1.1% | |
| Audit | — | — | $17K | $16K | 0.4% | |
| Legal fees 563 Payroll audit expense | — | — | $5K | $11K | 0.3% | |
| Data processing cost | — | — | — | $10K | 0.2% | |
| Insurance 584 Investment consulting | — | — | $4K | $3K | <0.1% | |
| IBEW 257-NECA Income Security Fund Schedules of Administrative Expenses Years Ended December 31, 2024 and 2023 2024 2023 Accounting | — | — | $4K | $3K | <0.1% |