Form 5500 Search
Back to filter
Original filing (PDF)20250829100008NAL0022018514002

IBEW LOCAL UNION NO. 22/NECA HEALTH & WELFARE FUND

Form 5500
FILING_RECEIVED
IBEW LOCAL UNION NO. 22/NECA HEALTH & WELFARE PLAN
Health & welfare plan
Signals · 4
38% in single holding~295 bps in Sched C feesNo recordkeeper disclosed7 service providers
Active participants
2,175
Accounts w/ balance
—
Plan assets (EOY)
$57.8M
Net assets (EOY)
$42.1M
How this plan invests
This plan
176 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
81
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
  • Top holding "VANGUARD TOTAL BOND MARKET INDEX FUND - ADM #584" is 38% of plan.
  • 295 bps in Schedule C fees — 1743% above peer band of 16 bps.
  • No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for IBEW LOCAL UNION NO. 22/NECA HEALTH & WELFARE FUND.
Plan sponsor
Name
IBEW LOCAL UNION NO. 22/NECA HEALTH & WELFARE FUND
EIN
47-0462667
Address
8960 L STREET, SUITE 101 · OMAHA, NE · 681271406
Phone
(402) 592-3753
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Name
IBEW LOCAL UNION NO. 22/NECA HEALTH & WELFARE FUND
EIN
47-0462667
City
OMAHA, NE
Phone
(402) 592-3753
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-08-29
Welfare benefit codes
4A · Health (other than dental or vision)
4F · Temporary Disability (accident and sickness)
4L · Death Benefits (other than life insurance)
Audit & trust (Schedule H)
Auditor
DEBOER & ASSOCIATES, PC
Trustee / custodian
—
Trustee phone
—

Service providers (Schedule C)

7 rows
Other
7
NameEINLocationRelationDirect compIndirect comp
UMR, INC39-1995276——$929K—
ZENITH AMERICAN SOLUTIONS52-1590516——$476K—
BLAKE & UHLIG, PA48-0918231——$148K—
UNITED ACTUARIAL SERVICE35-2156428——$63K—
DEBOER & ASSOCIATES, PC47-0836395——$57K—
FIRST NATIONAL BANK OF OMAHA47-0259043——$27K—
ASSET CONSULTING GROUP43-1512694——$5K—

Investments

173 direct securities· $61.2M(100% of reported assets)
PIInvestmentTypeShares / unitsCostCurrent value% of plan
VANGUARD TOTAL BOND MARKET INDEX FUND - ADM #584——$25.8M$23.3M40.3%
VANGUARD 500 INDEX FUND ADM #540——$12.3M$19.4M33.5%
GNMA II PASSTHRU CTF POOL #7869155.50% DTD 09/01/2023 DUE———$7.9M13.6%
GS FIN SQUARES GOV #465 (PRINCIPAL)——$4.6M$4.6M8.0%
02/15/2022 DUE 02/15/2032——$446K$429K0.7%
02/15/2020 DUE 02/15/2030——$414K$400K0.7%
08/15/2023 DUE 08/15/2033——$250K$243K0.4%
02/15/2017 DUE 02/15/2027——$150K$154K0.3%
02/15/01 DUE 02/15/2031——$118K$100K0.2%
DTD01/01/2022 DUE 01/01/2052 IPD24——$98K$91K0.2%
GNMA II PASSTHRU CTF POOL #AD88113.00% DTD 03/01/2013 DUE———$88K0.2%
DTD09/01/2024 DUE 10/01/2054 IPD24——$88K$86K0.1%
06/01/2022DUE 06/01/2052 IPD24——$86K$86K0.1%
02/29/2024 DUE 02/28/2029——$79K$80K0.1%
DTD06/01/2023 DUE 07/01/2053 IPD24——$78K$78K0.1%
DTD03/01/2022 DUE 04/01/2052 IPD24——$87K$78K0.1%
DTD04/01/2022 DUE 04/01/2052 IPD24——$83K$75K0.1%
06/01/2022DUE 07/01/2052 IPD24——$80K$75K0.1%
DTD10/01/2023 DUE 11/01/2053 IPD24——$65K$65K0.1%
10/01/2022DUE 10/01/2052 IPD24——$64K$63K0.1%
DTD03/01/2020 DUE 02/01/2050 IPD24——$61K$63K0.1%
DTD01/01/2013 DUE 01/01/2033 IPD24——$67K$62K0.1%
09/01/2022DUE 10/01/2052 IPD24——$63K$62K0.1%
01/31/08 DUE 01/15/2028TREASURY INFLATION PROTECTIONSERVICES——$65K$60K0.1%
DTD07/01/2022 DUE 08/01/2052 IPD24——$58K$59K0.1%
05/01/2023DUE 05/01/2053 IPD24——$55K$57K<0.1%
DTD06/01/2022 DUE 07/01/2052 IPD24——$58K$56K<0.1%
DTD06/01/2023 DUE 06/01/2053 IPD24——$55K$56K<0.1%
04/01/2022DUE 04/01/2052 IPD24——$58K$55K<0.1%
09/20/2053IPD19——$54K$55K<0.1%
DTD03/01/2023 DUE 01/01/2053 IPD24——$55K$54K<0.1%
06/01/2022DUE 07/01/2052 IPD24——$56K$51K<0.1%
08/01/2022DUE 08/01/2052 IPD24——$51K$50K<0.1%
DTD05/01/2022 DUE 06/01/2052 IPD24——$53K$49K<0.1%
02/01/2023DUE 02/01/2053 IPD24——$49K$48K<0.1%
DTD05/01/2022 DUE 06/01/2052 IPD24——$51K$48K<0.1%
MORGAN STANLEY CAP SER 2019 H6 CL ASB FLTG RATE DTD 06/01/2019 DUE06/17/2052 IPD16——$49K$46K<0.1%
WELLS FARGO & CO FRVAR RATE DTD 02/11/2020 DUE02/11/2031 CALLABLE——$41K$44K<0.1%
05/19/2020 DUE 06/01/2030CALLABLE——$52K$44K<0.1%
DTD 04/24/2020 DUE 04/24/2030CALLABLE——$41K$44K<0.1%
DUE12/01/2027 CALLABLE——$46K$43K<0.1%
04/01/2031CALLABLE——$49K$43K<0.1%
11/01/2021DUE 12/01/2051 IPD24——$48K$42K<0.1%
04/03/2020 DUE 04/03/2030CALLABLE——$46K$41K<0.1%
05/13/2020 DUE 01/13/2031CALLABLE——$49K$40K<0.1%
DUE 02/15/2030CALLABLE——$41K$40K<0.1%
05/08/2020 DUE 05/20/2030CALLABLE——$45K$39K<0.1%
03/01/2030CALLABLE——$46K$39K<0.1%
10/05/2020DUE 09/15/2045——$40K$39K<0.1%
09/27/2018 DUE 10/15/2028CALLABLE——$40K$39K<0.1%
DTD01/01/2023 DUE 04/01/2050 IPD24——$41K$39K<0.1%
DUE06/15/2030 CALLABLE——$45K$39K<0.1%
GOLDMAN SACHS GROUP INCFLTG RATE DTD 01/24/2022DUE 02/24/2033——$40K$39K<0.1%
DTD 02/01/2023 DUE 02/01/2034——$39K$38K<0.1%
DUE08/15/2046——$40K$38K<0.1%
DTD08/27/2021 DUE 09/17/2038 IPD16——$39K$38K<0.1%
03/24/2021 DUE 03/25/2028CALLABLE——$34K$37K<0.1%
11/17/2020 DUE 03/15/2031CALLABLE——$43K$37K<0.1%
DUE07/12/2039 IPD11——$41K$36K<0.1%
08/12/2028CALLABLE——$38K$36K<0.1%
01/15/2025CALLABLE——$36K$35K<0.1%
BX CM MTG SER 2021 VOLT CL AFLTG RATE DTD 09/29/2021 DUE09/15/2036——$35K$35K<0.1%
05/21/2025CALLABLE——$35K$35K<0.1%
GS MTG SECS CORP TR SER 2021 DM CL AFLTG RATE DTD 12/16/2021 DUE11/15/2036——$35K$35K<0.1%
05/11/2015 DUE 05/15/2025CALLABLE——$39K$35K<0.1%
PROVIDENT FDG MTG TR SER 2021 1 CL A3 FLTG RATE DTD 03/01/2021 DUE04/25/2051 IPD24——$41K$35K<0.1%
06/04/2030CALLABLE——$38K$34K<0.1%
KNDR TRUST SER 2021 KIND CL AFLTG RATE DTD 08/16/2021 DUE08/16/2038——$35K$34K<0.1%
BAMLL COM MTG SEC TR SER 2013 WBRKCL A FLTG RATE DTD 04/01/2013 DUE03/12/2037 IPD9——$37K$34K<0.1%
02/15/2035NON-CALLABLE——$36K$34K<0.1%
DUE 06/05/2027CALLABLE——$36K$34K<0.1%
06/08/2018 DUE 09/10/2028CALLABLE——$35K$34K<0.1%
UBS COMMERCIAL MTG TR SER 2019 C18CL A SB FLTG RATE DTD 12/01/2019 DUE12/17/2052 IPD16——$36K$34K<0.1%
GS MORTGAGE SEC TR SER 2020 GC47 CLA AB FLTG RATE DTD 05/01/2020 DUE05/14/2053 IPD11——$36K$33K<0.1%
BRAVO RES FDG TR SER 2021 HE1 CL A 1FLTG RATE DTD 03/11/2021 DUE01/27/2070——$31K$31K<0.1%
Shares / Description Par Value WELL FAR COML MTG TR SER 2024 1CHICL A FLTG RATE DTD 06/01/2024 DUE07/17/2035 IPD16——$30K$30K<0.1%
DUE11/18/2039——$32K$29K<0.1%
CITIGROUP INC SR GLBL NTVAR RATE DTD 01/10/2017 DUE01/10/2028 CALLABLE——$30K$29K<0.1%
11/15/2024 DUE 11/15/2034——$30K$29K<0.1%
TRICON RES TR SER 2022 SFR1 CL A3.856% DTD 04/07/2022 DUE 04/19/2039——$30K$29K<0.1%
DTD12/01/2003 DUE 12/01/2033 IPD24——$32K$29K<0.1%
DUE07/17/2038 IPD15——$30K$29K<0.1%
05/01/2021DUE 06/25/2051 IPD24——$33K$28K<0.1%
CHASE HOME LENDING MTG TR SER 2023RPL1 CL A 1 FLTG RATE DTD 04/01/2023DUE 06/25/2062 IPD24——$27K$27K<0.1%
PSMC TR SER 2021 3 CL A 3FLTG RATE DTD 09/01/2021 DUE08/25/2051 IPD24——$32K$27K<0.1%
CSMC TR SER 2021 INV2 CL A 4AFLTG RATE DTD 10/01/2021 DUE11/25/2056 IPD24——$31K$27K<0.1%
DTD03/18/2021 DUE 03/15/2061——$28K$27K<0.1%
DTD10/01/2021 DUE 11/01/2051 IPD24——$32K$27K<0.1%
BK OF AMERICA CORP FRVAR RATE DTD 04/22/2021 DUE04/22/2032 CALLABLE——$25K$26K<0.1%
Shares / Description Par Value OBX TR SER 2022 J1 CL A 3FLTG RATE DTD 05/01/2022 DUE02/25/2052 IPD24——$27K$25K<0.1%
DUE11/15/2030 CALLABLE——$30K$25K<0.1%
NMEF FUNDING LLC SER 2024 A CL A 25.15% DTD 08/28/2024 DUE12/15/2031——$25K$25K<0.1%
DUE09/20/2032——$25K$25K<0.1%
DUE05/13/2025 CALLABLE——$27K$25K<0.1%
11/25/2040——$24K$24K<0.1%
02/15/2018 DUE 02/15/2028——$24K$24K<0.1%
DTD 02/06/2020 DUE 04/06/2027NON- CALLABLE——$25K$24K<0.1%
DTD05/01/2021 DUE 07/25/2051 IPD24——$27K$23K<0.1%
DTD10/01/2019 DUE 10/01/2049 IPD24——$27K$23K<0.1%
DTD 11/01/2019DUE 11/25/2029 IPD24——$25K$23K<0.1%
11/25/2061IPD24——$25K$23K<0.1%
JPMORGAN CHASE & CO GLBL NTVAR RATE DTD 09/12/2019 DUE10/15/2030 CALLABLE——$21K$23K<0.1%
CSMC TRUST SER 2017 FHA1 CL A 1FLTG RATE DTD 05/01/2017 DUE04/25/2047 IPD24——$26K$22K<0.1%
10/01/2018DUE 07/01/2043 IPD24——$26K$22K<0.1%
MELLO MTG CAP ACCP SER 2021 INV2 CLA 4 FLTG RATE DTD 08/30/2021 DUE08/25/2051——$26K$22K<0.1%
DTD08/01/2018 DUE 08/15/2051 IPD14——$22K$22K<0.1%
DUE01/25/2051 IPD24——$25K$21K<0.1%
DTD08/01/2022 DUE 09/01/2052 IPD24——$21K$20K<0.1%
01/18/2022DUE 01/25/2052 IPD24——$23K$20K<0.1%
DUE 01/25/2067IPD24——$22K$20K<0.1%
JPMORGAN CHASE & CO SR FLT NTVAR RATE DTD 01/23/2024 DUE01/23/2035 CALLABLE——$20K$20K<0.1%
DTD06/01/2021 DUE 07/25/2051 IPD24——$23K$20K<0.1%
Shares / Description Par Value BANK AMER CORP MEDIUM TERM NTFLTG RATE DTD 04/23/2019 DUE04/23/2027 CALLABLE——$20K$20K<0.1%
DTD03/18/2021 DUE 03/26/2046——$20K$19K<0.1%
BANK SER 2019 BNK16 CL A SBFLTG RATE DTD 02/01/2019 DUE02/16/2052 IPD14——$20K$19K<0.1%
DUE11/25/2059 IPD24——$22K$19K<0.1%
DTD 08/09/2022 DUE 08/15/2032CALLABLE——$20K$19K<0.1%
03/20/2043IPD19——$21K$18K<0.1%
DUE09/27/2060 IPD24——$20K$17K<0.1%
FEDERAL NATL MTG ASSN GTD REMICPASSTHRU TR REMIC TR SER 2019 M8 CLADP FLTG RATE DTD 05/01/2019 DUE04/25/2029 IPD24——$18K$17K<0.1%
DTD 07/01/2020DUE 07/25/2030 IPD24——$19K$17K<0.1%
DTD 03/01/2022 DUE 03/25/2067IPD24——$17K$16K<0.1%
DTD10/01/2017 DUE 11/01/2047 IPD24——$18K$16K<0.1%
04/15/2051IPD14——$18K$16K<0.1%
12/01/2020 DUE 12/15/2052 IPD14——$15K$15K<0.1%
CITIGROUP INC SR NTVAR RATE DTD 05/24/2022 DUE05/24/2033 CALLABLE——$15K$14K<0.1%
11/01/2017DUE 06/25/2057 IPD24——$15K$14K<0.1%
FEDERAL HOME LN MTG CORP MULTICLASSMTG PARTN CTFS GTD SER 2017 2 CL HAFLTG RATE DTD 07/01/2017 DUE08/25/2056 IPD24——$15K$14K<0.1%
GOVERNMENT NATL MTG ASSN GTD REMICPASSTHRU SECS SER 2019 H07 CL BAFLTG RATE DTD 04/01/2019 DUE01/20/2069 IPD19——$14K$13K<0.1%
TOWD PT MTG TR SER 2018 5 CL A1FLTG RATE DTD 09/01/2018 DUE07/25/2058 IPD24——$14K$13K<0.1%
DUE02/18/2070——$14K$13K<0.1%
DTD04/01/2011 DUE 04/01/2041 IPD24——$13K$12K<0.1%
DUE10/25/2059 IPD24——$13K$12K<0.1%
09/01/2018DUE 10/01/2044 IPD24——$13K$11K<0.1%
DTD07/01/2014 DUE 08/01/2044 IPD24——$13K$11K<0.1%
EDVESTINU PVT ED LN SER 2021 A CL A1.80% DTD 03/11/2021 DUE 11/27/2045——$12K$11K<0.1%
08/27/2057IPD24——$11K$10K<0.1%
12/01/2029CALLABLE——$10K$10K<0.1%
FEDERAL HOME LN MTG CORP MULTICLASSMTG PARTN CTFS GTD SER 2018 1 CL HAFLTG RATE DTD 02/01/2018 DUE05/25/2057 IPD24——$10K$9K<0.1%
04/16/2050IPD15——$9K$9K<0.1%
09/01/2018DUE 12/01/2045 IPD24——$10K$9K<0.1%
DUE12/25/2051 IPD24——$9K$9K<0.1%
DUE01/25/2033 IPD24——$10K$8K<0.1%
08/15/2013 DUE 08/15/2043——$9K$8K<0.1%
CITIGROUP MTG LN TR SER 2015 RP2 CLA FLTG RATE DTD 05/01/2015 DUE01/25/2053 IPD24——$9K$8K<0.1%
DTD 09/28/2020 DUE 09/28/2030CALLABLE——$9K$8K<0.1%
DTD04/01/2019 DUE 01/25/2066 IPD24——$9K$8K<0.1%
09/01/2020 DUE 08/15/2053IPD14——$8K$8K<0.1%
DTD12/01/2009 DUE 01/01/2040 IPD24——$9K$8K<0.1%
DTD 06/18/2020 DUE 07/17/2037——$8K$8K<0.1%
Shares / Description Par Value TOWD PT MTG TR SER 2017 4 CL A1FLTG RATE DTD 08/01/2017 DUE06/25/2057 IPD24——$8K$8K<0.1%
DTD05/01/2015 DUE 06/01/2045 IPD24——$9K$8K<0.1%
EVERBANK MTG LN TR SER 2013 1 CL A 2FLTG RATE DTD 03/01/2013 DUE03/25/2043 IPD24——$7K$7K<0.1%
DUE10/25/2046 IPD24——$7K$6K<0.1%
NEW RESI MTG LN TR SER 2015 2CL A 1 FLTG RATE DTD 11/01/2015 DUE08/25/2055 IPD24——$7K$6K<0.1%
09/01/2018DUE 11/01/2030 IPD24——$6K$6K<0.1%
DUE07/25/2053 IPD24——$6K$6K<0.1%
12/25/2057IPD24——$6K$6K<0.1%
DTD11/01/2015 DUE 11/25/2030 IPD24——$6K$6K<0.1%
NAVIENT PRIV ED LN TR SER 2014 A CLA 3 FLTG RATE DTD 10/23/2014 DUE10/15/2031——$5K$5K<0.1%
DUE06/15/2043 IPD14 277 FEDERAL HOME LN MTG CORP MULTICLASSMTG PARTN CTFS GTD SER 4666 CL UAFLTG RATE DTD 03/01/2017 DUE12/15/2054 IPD14——$5K$5K<0.1%
US BANCORP DEL PERP GLBL J NTVAR RATE DTD 02/13/2017 DUE 12/31/20CALLABLE——$5K$5K<0.1%
DUE02/25/2046——$5K$5K<0.1%
Shares / Description Par Value CITIGROUP MTG LN TR SER 2014 ACL A FLTG RATE DTD 02/01/2014 DUE01/25/2035 IPD24——$5K$5K<0.1%
DTD12/01/2014 DUE 11/25/2054 IPD24——$5K$5K<0.1%
DTD02/01/2017 DUE 02/01/2027 IPD24——$5K$4K<0.1%
DUE07/25/2034 IPD24——$4K$4K<0.1%
DTD10/01/2007 DUE 10/01/2037 IPD24——$4K$4K<0.1%
01/01/2021 DUE 01/25/2056IPD24——$4K$4K<0.1%
DTD08/01/2012 DUE 02/01/2042 IPD24——$4K$4K<0.1%
DTD09/01/2010 DUE 09/01/2038 IPD24——$2K$1K<0.1%
DTD12/01/2007 DUE 08/01/2037 IPD24——$1K$1K<0.1%
DTD04/01/2004 DUE 05/01/2034 IPD24——$1K$1K<0.1%