Original filing (PDF)20251015123009NAL0002410371008

BOARD OF TRUSTEES-SHEET METAL LOCAL 110 HEALTH FUND

Name: BOARD OF TRUSTEES-SHEET METAL LOCAL 110 HEALTH FUND — SHEET METAL WORKERS LOCAL NO. 110 HEALTH FUND, Form 5500 (2024)
Creator: BOARD OF TRUSTEES-SHEET METAL LOCAL 110 HEALTH FUND

Form 5500

FILING_RECEIVED

SHEET METAL WORKERS LOCAL NO. 110 HEALTH FUND

Health & welfare plan

Signals · 3

~211 bps in Sched C feesNo recordkeeper disclosed12 service providers

Active participants

813

Accounts w/ balance

—

Plan assets (EOY)

$17.8M

Net assets (EOY)

$17.7M

How this plan invests

This plan

308 securities

funds · stocks · CUSIPs

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

Plan health score (directional)

/ 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

100

Total plan cost

Vendor stack

Participation health

100

Knocking points off

211 bps in Schedule C fees — 626% 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 BOARD OF TRUSTEES-SHEET METAL LOCAL 110 HEALTH FUND.

Plan sponsor

Name

BOARD OF TRUSTEES-SHEET METAL LOCAL 110 HEALTH FUND

EIN

55-0711972

Address

2001 CALDWELL DRIVE · GOODLETSVILLE, TN · 370701449

Phone

(615) 859-0131

Industry

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

4A · Health (other than dental or vision)

4B · Life Insurance

4D · Dental

4E · Vision

4F · Temporary Disability (accident and sickness)

4U · Dependent Care

Audit & trust (Schedule H)

Auditor

FRANK N HESTAND CPA PSC

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

12 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
SOUTHERN BENEFIT ADMINISTRATORS	—	GOODLETTSVILLE, TN	NONE	$165K	—
BMS LLC	—	LOUISVILLE, KY	NONE	$84K	—
WAYNE & ASSOCIATES	61-1129889	LOUISVILLE, KY	NONE	$28K	—
STANDARD VALUATION, INC.	41-1327229	ST. PAUL, MN	NONE	$26K	—
LEDBETTER PARTNERS LLC	03-0599899	CINCINNATI, OH	NONE	$15K	—
MANNING AND NAPIER	16-0983640	FAIRPORT, NY	NONE	$13K	—
CS MCKEE LP	25-1095051	PITTSBURG, PA	NONE	$10K	—
UNITED ACTUARIAL SERVICES INC.	35-2156428	CARMEL, IN	NONE	$9K	—
FRANK N HESTAND CPA PSC	61-1336870	LEXINGTON, KY	NONE	$9K	—
FIFTH THIRD BANK	61-6209152	LOUISVILLE, KY	NONE	$7K	—
SEGALL BRYANT & HAMIL	—	CHICAGO, IL	NONE	$7K	—
ZENITH AMERICAN SOLUTIONS	—	EARTH CITY, MO	—	$0	—

Investments

308 direct securities· $16.0M(90% of reported assets)

Uncategorized

$12.9M

306 holdings

Mutual Funds

$3.0M

1 holding

Corporate Bonds

$6K

1 holding

Investment	Type	Shares / units	Cost	Current value	% of plan
Neuberger Berman Income Fds	—	—	$3.1M	$3.1M	17.4%
Baird Core Plus Bond Fd	Mutual Funds	—	$3.1M	$3.0M	17.1%
Vanguard 500 Index Fd	—	—	$829K	$1.9M	10.9%
Limited Partnerships US Real Estate Investment Fund	—	—	$1.5M	$1.4M	8.1%
US Treasury Notes, 4.125%, 11/15/27	—	—	$164K	$163K	0.9%
US Treasury Notes, 4.25%, 11/30/26	—	—	$162K	$162K	0.9%
Cash Equivalents Federated Govt Obligations Fund	—	—	$139K	$139K	0.8%
US Treasury Notes, 4.125%, 7/31/31	—	—	$114K	$110K	0.6%
US Treasury Notes, 4.125%, 11/30/31	—	—	$110K	$108K	0.6%
Government Securities US Treasury Notes, 3.50%, 9/30/29	—	—	$107K	$106K	0.6%
US Treasury Notes, 4.25%, 11/15/34	—	—	$98K	$95K	0.5%
FFCB, 1.60%, 7/15/30	—	—	$77K	$77K	0.4%
Amazon.com Inc	—	—	$38K	$70K	0.4%
Meta Platforms Inc	—	—	$34K	$65K	0.4%
Microsoft Corp	—	—	$41K	$62K	0.3%
Morgan Stanley Cap I Trust, 3.594, 3/15/49	—	—	$64K	$61K	0.3%
FFCB, 1.625%, 3/17/31	—	—	$56K	$58K	0.3%
US Treasury Notes, 4.00%, 12/15/27	—	—	$58K	$58K	0.3%
Microsoft Corp	—	—	$14K	$57K	0.3%
Alphabet Inc	—	—	$32K	$56K	0.3%
US Treasury Notes, 3.875%, 8/15/34	—	—	$59K	$55K	0.3%
Alphabet Inc	—	—	$12K	$51K	0.3%
Nvidia Corp	—	—	$33K	$50K	0.3%
Mastercard Inc	—	—	$13K	$49K	0.3%
FN FS5384, 2.50%, 6/1/51	—	—	$45K	$46K	0.3%
JP Morgan Chase & Co, Var Rate, 7/24/29	—	—	$41K	$42K	0.2%
Servicenow Inc	—	—	$15K	$41K	0.2%
FFCB, 5.65%, 8/14/34	—	—	$41K	$41K	0.2%
Visa Inc	—	—	$16K	$41K	0.2%
Marvell Technology Group	—	—	$11K	$39K	0.2%
Visa Inc	—	—	$15K	$39K	0.2%
FFCB, 2.39%, 1/19/33	—	—	$39K	$38K	0.2%
Servicenow Inc	—	—	$21K	$38K	0.2%
JP Morgan Chase & Co	—	—	$13K	$38K	0.2%
FHLMC, 5.30%, 11/21/29	—	—	$38K	$38K	0.2%
Epam Sys Inc	—	—	$36K	$38K	0.2%
Wells Fargo Coml Mtg, 2.918%, 11/15/49	—	—	$40K	$38K	0.2%
Ares Management Co	—	—	$6K	$37K	0.2%
Copart Inc	—	—	$25K	$35K	0.2%
Apple Inc	—	—	$24K	$35K	0.2%
FR SD1431, 2.50%, 9/1/51	—	—	$36K	$35K	0.2%
Reinsurance Group Amer Inc	—	—	$17K	$32K	0.2%
FR SD1212, 3.50%, 6/1/49	—	—	$34K	$32K	0.2%
Cadence Design Sys Inc	—	—	$31K	$32K	0.2%
Palo Alto Networks Inc	—	—	$23K	$32K	0.2%
Quanta Svcs	—	—	$4K	$32K	0.2%
Albemarle Corp	—	—	$37K	$32K	0.2%
Bank of America Corp, Var Rate, 4/25/29	—	—	$30K	$30K	0.2%
FHLB, 5.75%, 6/18/31	—	—	$30K	$30K	0.2%
Pepsico Inc, 2.75%, 3/19/30	—	—	$30K	$30K	0.2%
Fair Isaac Inc	—	—	$12K	$30K	0.2%
Equifax Inc	—	—	$32K	$30K	0.2%
Thermo Fisher Scientific Inc	—	—	$25K	$29K	0.2%
FFCB, 5.52%, 5/29/29	—	—	$29K	$29K	0.2%
Transunion Com	—	—	$28K	$29K	0.2%
Morgan Stanley, Var Rate, 5/4/27	—	—	$30K	$29K	0.2%
Globe Life Inc	—	—	$22K	$28K	0.2%
TJX Cos Inc	—	—	$11K	$28K	0.2%
Cadence Design Sys Inc	—	—	$25K	$28K	0.2%
FN FM3048, 4.00%, 5/1/49	—	—	$27K	$27K	0.2%
Extra Space Storage Inc	—	—	$31K	$27K	0.2%
Philip Morris Intl Inc, 5.125%, 2/15/30	—	—	$27K	$27K	0.2%
Nextera Energy Cap Holdings, 4.90%, 2/28/28	—	—	$27K	$27K	0.2%
Salesforce Inc	—	—	$23K	$27K	0.2%
Amazon.com Inc	—	—	$5K	$27K	0.1%
CBRE Group Inc	—	—	$25K	$26K	0.1%
CSX Corp	—	—	$26K	$26K	0.1%
Fiserv Inc	—	—	$19K	$26K	0.1%
Coca Cola Co	—	—	$23K	$26K	0.1%
Electronic Arts Comp	—	—	$16K	$26K	0.1%
L3 Harris Technologies Inc	—	—	$25K	$26K	0.1%
FR QC5978, 2.50%, 8/1/51	—	—	$25K	$26K	0.1%
FN FS1040, 3.50%, 6/1/49	—	—	$28K	$26K	0.1%
Blackrock Inc	—	—	$21K	$26K	0.1%
Johnson Controls Intl Plc, 5.50%, 4/19/29	—	—	$25K	$25K	0.1%
Applied Materials Inc	—	—	$29K	$25K	0.1%
UnitedHealth Group Inc	—	—	$11K	$25K	0.1%
FN FM5127, 3.50%, 9/1/50	—	—	$24K	$25K	0.1%
FN BF0242, 3.50%, 9/1/52	—	—	$23K	$25K	0.1%
CNH Equip Tr, 5.19%, 9/17/29	—	—	$24K	$24K	0.1%
Monolithic Power Sys Inc	—	—	$16K	$24K	0.1%
O'Reilly Automotive Inc	—	—	$7K	$24K	0.1%
Toyota Mtr Cr Corp, 4.55%, 8/9/29	—	—	$24K	$24K	0.1%
Zebra Technologies	—	—	$15K	$24K	0.1%
GNMA, 5.50%, 10/20/47	—	—	$23K	$23K	0.1%
FR SD4187, 6.00%, 11/1/53	—	—	$23K	$23K	0.1%
McKesson Corp	—	—	$13K	$23K	0.1%
Motorola Inc	—	—	$17K	$23K	0.1%
FN BU1416, 3.00%, 1/1/52	—	—	$28K	$23K	0.1%
Morgan Stanley, Var Rate, 7/20/29	—	—	$22K	$22K	0.1%
General Motors Finl, 5.55%, 7/15/29	—	—	$22K	$22K	0.1%
FNMA, 2.00%, 10/25/44	—	—	$25K	$22K	0.1%
PNC Finl Svcs Group Inc, Var Rate, 10/20/34	—	—	$22K	$22K	0.1%
FR SD3325, 6.00%, 5/1/53	—	—	$21K	$22K	0.1%
BP Capital Markets Inc, 4.893%, 9/11/33	—	—	$22K	$21K	0.1%
Citigroup Inc, Var Rate, 1/25/26	—	—	$19K	$21K	0.1%
Intuitive Surgical Inc	—	—	$9K	$21K	0.1%
Caterpillar Finl Svcs Corp, 4.375%, 8/16/29	—	—	$21K	$21K	0.1%
Honeywell Intl Inc, 4.75%, 2/1/32	—	—	$21K	$21K	0.1%
FN MA4286, 1.50%, 2/1/41	—	—	$26K	$21K	0.1%
GNMA, 5.50%, 11/20/33	—	—	$21K	$20K	0.1%
Unilever Plc	—	—	$16K	$20K	0.1%
UnitedHealth Group Inc	—	—	$21K	$20K	0.1%
Cisco Sys Inc, 4.85%, 2/26/29	—	—	$20K	$20K	0.1%
Berkshire Hathaway Inc	—	—	$6K	$20K	0.1%
Suncor Energy Inc	—	—	$20K	$20K	0.1%
FR SC4497, 3.00%, 2/1/50	—	—	$20K	$20K	0.1%
FHLMC, 5.00%, 6/25/47	—	—	$20K	$20K	0.1%
State Street Corp, 4.53%, 2/20/29	—	—	$20K	$20K	0.1%
Republic Svcs Inc	—	—	$14K	$20K	0.1%
FN BK8506, 2.00%, 12/1/50	—	—	$19K	$20K	0.1%
Northrop Grumman Corp	—	—	$19K	$20K	0.1%
Evergy Inc	—	—	$18K	$20K	0.1%
JP Morgan Chase & Co	—	—	$15K	$20K	0.1%
Union Pac Corp	—	—	$19K	$20K	0.1%
Johnson & Johnson	—	—	$14K	$20K	0.1%
Norfolk Souther Corp	—	—	$21K	$19K	0.1%
Moody's Corp	—	—	$10K	$19K	0.1%
Masco Corp	—	—	$14K	$19K	0.1%
Morgan Stanley Cap, 3.596%, 12/15/49	—	—	$21K	$19K	0.1%
Church & Dwight Inc	—	—	$17K	$19K	0.1%
FN CB2843, 2.00%, 2/1/47	—	—	$19K	$19K	0.1%
FN FS6066, 2.50%, 9/1/42	—	—	$18K	$19K	0.1%
FNMA, 3.50%, 10/25/37	—	—	$21K	$19K	0.1%
RTX Corporation	—	—	$14K	$19K	0.1%
FN FS2237, 4.00%, 10/1/46	—	—	$18K	$19K	0.1%
FN FS9680, 3.00%, 2/1/49	—	—	$19K	$18K	0.1%
Steris LC	—	—	$18K	$18K	0.1%
Azek Co Inc	—	—	$12K	$18K	0.1%
Thermo Fisher Scientific Inc	—	—	$12K	$18K	0.1%
Chevron Corp	—	—	$16K	$18K	0.1%
G2 MA7650, 3.00%, 10/20/51	—	—	$22K	$18K	0.1%
FN FS6207, 1.50%, 10/1/36	—	—	$17K	$18K	0.1%
National Rural Utils Coop Fin, 4.85%, 2/7/29	—	—	$18K	$18K	0.1%
CBRE Group Inc	—	—	$12K	$18K	0.1%
Avery Dennison Corp	—	—	$12K	$18K	0.1%
UBS Barclays Coml Mtg, Var Rate, 10/18/52	—	—	$21K	$18K	0.1%
GN AU4920X, 3.02%, 9/15/41	—	—	$21K	$18K	0.1%
FR SD3657, 5.00%, 12/1/52	—	—	$17K	$18K	<0.1%
FN FS7405, 5.50%, 3/1/54	—	—	$17K	$18K	<0.1%
FN FS2696, 3.00%, 12/1/51	—	—	$18K	$18K	<0.1%
Conocophillips Co, 5.00%, 1/15/35	—	—	$18K	$17K	<0.1%
SAP SE	—	—	$18K	$17K	<0.1%
General Motors Finl, 4.30%, 4/6/29	—	—	$17K	$17K	<0.1%
Intercontinental Hotels Group	—	—	$15K	$17K	<0.1%
Verizon Master Tr, 6.33%, 11/20/29	—	—	$17K	$17K	<0.1%
FR RB 5154, 2.50%, 4/1/42	—	—	$19K	$17K	<0.1%
Goldman Sachs Group Inc, Var Rate, 1/27/32	—	—	$19K	$17K	<0.1%
Bio-Techne Corp	—	—	$14K	$17K	<0.1%
Chipotle Mexican Grill Inc	—	—	$15K	$17K	<0.1%
FN CB1842, 2.50%, 10/1/41	—	—	$21K	$17K	<0.1%
FN FS2109, 2.50%, 3/1/52	—	—	$17K	$17K	<0.1%
FNMA, 4.00%, 5/25/49	—	—	$18K	$17K	<0.1%
FR RA6817, 2.50%, 2/1/52	—	—	$15K	$17K	<0.1%
FN BE5651, 3.00%, 2/1/47	—	—	$21K	$17K	<0.1%
Virginia Elec & Power, 5.00%, 4/1/33	—	—	$17K	$17K	<0.1%
State Street Corp, Var Rate, 10/22/31	—	—	$17K	$17K	<0.1%
S&P Global Inc	—	—	$10K	$16K	<0.1%
JP Morgan Chase & Co, Var Rate, 4/22/27	—	—	$16K	$16K	<0.1%
Zoetis Inc	—	—	$10K	$16K	<0.1%
FR QB4900, 2.50%, 11/1/50	—	—	$21K	$16K	<0.1%
FN CB1597, 2.50%, 9/1/41	—	—	$20K	$16K	<0.1%
Jacobs Solutions Inc	—	—	$14K	$16K	<0.1%
GM Finl Consumer Auto, 5.31%, 3/16/29	—	—	$16K	$16K	<0.1%
FR QD1253, 2.00%, 11/1/51	—	—	$21K	$16K	<0.1%
Dover Corp	—	—	$13K	$16K	<0.1%
Vertex Pharmaceuticals Inc	—	—	$11K	$16K	<0.1%
Crown Castle Intl Corp, 1.05%, 7/15/26	—	—	$17K	$16K	<0.1%
Phillips 66 Co, 5.25%, 6/15/31	—	—	$16K	$16K	<0.1%
Sherwin Williams Co	—	—	$15K	$16K	<0.1%
FN BF0207, 4.50%, 4/1/47	—	—	$16K	$16K	<0.1%
Mondelez Intl Inc	—	—	$15K	$16K	<0.1%
FN FS0248, 3.00%, 2/1/50	—	—	$16K	$16K	<0.1%
Verizon Comm, 1.75%, 1/20/31	—	—	$15K	$16K	<0.1%
FR RA4784, 2.50%, 3/1/51	—	—	$20K	$15K	<0.1%
GNMA, 6.00%, 11/20/44	—	—	$15K	$15K	<0.1%
FNMA, 2.00%, 2/25/52	—	—	$15K	$15K	<0.1%
Cooper Cos Inc	—	—	$15K	$15K	<0.1%
ATI Inc	—	—	$16K	$15K	<0.1%
Toronto Dominion Bank, 4.693%, 9/15/27	—	—	$15K	$15K	<0.1%
Starbucks Corp	—	—	$16K	$15K	<0.1%
FN CB1146, 3.00%, 7/1/51	—	—	$14K	$15K	<0.1%
US Treasury Notes, 4.125%, 11/30/29	—	—	$15K	$15K	<0.1%
Nvent Electric Plc	—	—	$16K	$15K	<0.1%
Home Depot Inc	—	—	$10K	$15K	<0.1%
FN FS4716, 2.00%, 1/1/52	—	—	$15K	$15K	<0.1%
FN FM1251, 3.00%, 4/1/45	—	—	$17K	$15K	<0.1%
FR SD 0741, 3.50%, 10/1/51	—	—	$14K	$15K	<0.1%
FN BW1290, 5.00%, 10/1/52	—	—	$14K	$14K	<0.1%
FN FS5691, 3.50%, 6/1/52	—	—	$14K	$14K	<0.1%
Wells Fargo & Co, Var Rate, 7/25/29	—	—	$14K	$14K	<0.1%
FR ZM2669, 4.50%, 2/1/47	—	—	$18K	$14K	<0.1%
Pacificorp, 5.10%, 2/15/29	—	—	$14K	$14K	<0.1%
Idexx Labs Inc	—	—	$16K	$14K	<0.1%
GNMA, 3.50%, 1/20/52	—	—	$14K	$14K	<0.1%
Nasdaq Inc	—	—	$12K	$14K	<0.1%
ASML Holding	—	—	$11K	$14K	<0.1%
Morgan Stanley Cap, 3.809%, 11/15/25	—	—	$14K	$14K	<0.1%
FN CA6745, 3.50%, 8/1/50	—	—	$18K	$14K	<0.1%
FN CA8689, 2.00%, 1/1/41	—	—	$17K	$14K	<0.1%

Showing top 200 of 308 investments by value.