Original filing (PDF)20251008151918NAL0005752881001

BOARD OF TRUSTEES MCASF LOCAL 725 PENSION TRUST FUND

Name: BOARD OF TRUSTEES MCASF LOCAL 725 PENSION TRUST FUND — MCASF LOCAL 725 PENSION PLAN, Form 5500 (2024)
Creator: BOARD OF TRUSTEES MCASF LOCAL 725 PENSION TRUST FUND

Form 5500

FILING_RECEIVED

MCASF LOCAL 725 PENSION PLAN

Defined-benefit pension plan

Signals · 2

No recordkeeper disclosed16 service providers

Active participants

1,016

Accounts w/ balance

—

Plan assets (EOY)

$235.5M

Net assets (EOY)

$235.2M

How this plan invests

This plan

8 pooled trusts

Schedule D

263 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

53 bps in Schedule C fees — 432% above peer band of 10 bps.
No recordkeeper disclosed on Schedule C.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES MCASF LOCAL 725 PENSION TRUST FUND.

Plan sponsor

Name

BOARD OF TRUSTEES MCASF LOCAL 725 PENSION TRUST FUND

EIN

59-6123621

Address

15800 PINES BOULEVARD · SUITE 201 · PEMBROKE PINES, FL · 33027

Phone

(754) 777-7735

Industry

Plumbing, Heating, AC Contractors· Constructionsee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-08

Pension benefit codes

1B · Flat-dollar DB formula

Audit & trust (Schedule H)

Auditor

PLANTE & MORAN, PLLC

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

16 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
MCASF LOCAL 725 SERVICE CORP	81-2757635	—	CAPTIVE SERVICE PROVIDER	$264K	—
KARPUS MANAGEMENT, INC.	16-1290558	—	NONE KNOWN	$188K	—
BNY MELLON	25-6078093	—	NONE KNOWN	$135K	—
NEPC, LLC	26-1429809	—	NONE KNOWN	$132K	—
ULLICO INVESTMENT ADVISORS INC.	52-6435649	—	NONE KNOWN	$119K	—
LOOMIS SAYLES TRUST COMPANY	20-8080381	—	NONE KNOWN	$70K	—
HORIZON ACTUARIAL SERVICES, LLC	26-1370698	—	NONE KNOWN	$62K	—
PLANTE & MORAN, PLLC	33-1498605	—	NONE KNOWN	$57K	—
HESSIAN & MCKASY, PA	20-1551306	—	NONE KNOWN	$55K	—
CHARTWELL INVESTMENT PARTNERS, LLC	36-4776242	—	NONE KNOWN	$53K	—
U.S. BANK NATIONAL ASSOCIATION	31-0841368	—	NONE KNOWN	$40K	—
SAWGRASS ASSET MANAGEMENT LLC	59-3488505	—	NONE KNOWN	$37K	—
PENSION BENEFIT INFORMATION LLC	82-4722389	—	NONE KNOWN	$27K	—
BRIDGEWAY BENEFIT TECHNOLOGIES LLC	—	BALTIMORE, MD	NONE KNOWN	$6K	—
AMERICAN GRAPHICS PRINTING CO.	—	CLINTON TOWNSHIP, MI	NONE KNOWN	$5K	—
STATE STREET GLOBAL ADVISORS TRUST	81-4017137	—	NONE KNOWN	$2K	—

Investments

256 direct securities · 8 pooled funds· $233.3M(99% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Uncategorized

$128.6M

256 holdings

Common Collective Trust

$79.0M

6 holdings

103-12 Investment Entity

$25.7M

2 holdings

Investment	Type	Shares / units	Cost	Current value	% of plan
BNYM MELLON AFL CIO CF SL SK INX FD THE BANK OF NEW YORK MELLON · EIN 25-6078093 / PN 340	Common Collective Trust	—	$15.6M	$24.7M	10.5%
LOOMIS SAYLES GLOBAL GROWTH TRUST LOOMIS SAYLES TRUST COMPANY, LLC · EIN 84-6391546 / PN 020	Common Collective Trust	—	$11.3M	$19.3M	8.2%
NCS GROUP TRUST - GLOBAL FUND BNY MELLON INVESTMENT ADVISER, INC. · EIN 76-6192146 / PN 003	103-12 Investment Entity	—	$11.4M	$17.8M	7.6%
LAZARD GLOBAL EQUITY FRANCHISE CIT GREAT GRAY TRUST COMPANY, LLC · EIN 38-7304121 / PN 001	Common Collective Trust	—	$16.2M	$16.3M	6.9%
Madison Core Property Fund, LP	—	—	$12.0M	$14.9M	6.3%
First Eagle Global Fund Class R6	—	—	$10.0M	$12.5M	5.3%
STATE STREET TIPS INDEX NON-LENDING STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 04-0025081 / PN 152	Common Collective Trust	—	$12.0M	$12.3M	5.2%
Blackrock Strategic Income	—	—	$12.2M	$11.8M	5.0%
ULLICO INFRASTRUCTURE TX EXPT FD LP ULLICO INVESTMENT ADVISORS INC · EIN 90-0622302 / PN 001	103-12 Investment Entity	—	$6.1M	$7.8M	3.3%
Schroder Taft-Hartley Income Fund, LP	—	—	$5.6M	$7.1M	3.0%
CRESCENT CAPITAL TRUST II (LEVERED) GLOBAL TRUST COMPANY · EIN 32-6471303 / PN 005	Common Collective Trust	—	$4.4M	$6.4M	2.7%
50 South Capital Private Equity Fund	—	—	$3.4M	$4.7M	2.0%
Boyd Watterson State Government Fund, LP	—	—	$4.8M	$4.3M	1.8%
First American Government Obligations Fund Class Z	—	—	$3.9M	$3.9M	1.6%
Vanguard Total Bond Market Etf	—	—	$3.9M	$3.8M	1.6%
Hamilton Lane Private Equity Offshore Fund X, LP	—	—	$2.3M	$3.2M	1.4%
Invesco Private Credit Opportunity	—	—	$2.4M	$2.9M	1.2%
Siguler Guff Small Buyout Opportunities Fund IV, LP	—	—	$1.7M	$2.6M	1.1%
Siguler Guff Small Buyout Opportunities Fund III, LP	—	—	$2.0M	$2.3M	1.0%
Siguler Guff Small Buyout Opportunities Fund V, LP	—	—	$1.6M	$2.0M	0.8%
Nuveen Ny Amt Free Muni Common	—	—	$2.0M	$2.0M	0.8%
Schroders Capital Taft-Hartley Ventures SCS	—	—	$1.8M	$1.8M	0.8%
Western Asset Inflation Linked	—	—	$2.2M	$1.8M	0.8%
Ib Acquisition Corp Com Shs	—	—	$1.3M	$1.3M	0.6%
Ishares 7 10 Year Treasury Bond Etf	—	—	$1.3M	$1.3M	0.5%
US Treasury Bd 1.750% 8/15/41	—	—	$1.3M	$1.2M	0.5%
Siguler Guff Small Business Credit Opportunities Fund III	—	—	$765K	$1.0M	0.4%
Gladstone Invt Corp 5.0% Pfd	—	—	$1.0M	$995K	0.4%
Oxford Square 6.25% Pfd	—	—	$989K	$990K	0.4%
Saratoga Invt Corp 6.0% Pfd	—	—	$940K	$956K	0.4%
Newbury Str Ii Acquisition Cor Ord	—	—	$940K	$941K	0.4%
Angel Oak Financial Strats Income	—	—	$864K	$886K	0.4%
Agriculture Nat Sol Acq Corp Shs Cl	—	—	$826K	$839K	0.4%
Aa Mission Acquisition Corp Ord Shs	—	—	$830K	$833K	0.4%
Hcm Ii Acquisition Corp Shs Cl A	—	—	$818K	$822K	0.3%
Eagle Point Income Ser B 7.75% Pfd	—	—	$806K	$812K	0.3%
Xai Octagon Flosting 2026 6.5% Pfd	—	—	$745K	$759K	0.3%
Terra Income Fund 6 Llc 7.0% Pfd	—	—	$746K	$723K	0.3%
US Treasury Nt 3.750% 5/31/30	—	—	$677K	$668K	0.3%
Invesco Muni Opps Trust	—	—	$623K	$662K	0.3%
Global Lights Acquisition Corp Ord S	—	—	$604K	$640K	0.3%
Legato Merger Corp Iii Ord Shs	—	—	$621K	$628K	0.3%
Horizon Technology 4.875% Pfd	—	—	$625K	$613K	0.3%
Keen Vision Acquisition Corp	—	—	$598K	$612K	0.3%
Invesco Quality Muni Inc Tr	—	—	$559K	$577K	0.2%
Spark I Acquisition Corp	—	—	$534K	$548K	0.2%
Chenghe Acquisition Ii Co Cl A Ord	—	—	$534K	$541K	0.2%
MFS Inter Income Tr Sbi	—	—	$560K	$532K	0.2%
FNMA #Fs9453 4.500% 8/01/53	—	—	$485K	$477K	0.2%
Blackrock Credit Allocation Inc	—	—	$447K	$462K	0.2%
Fnma Ma5552 5.000% 12/01/54	—	—	$461K	$452K	0.2%
FNMA #Ma4438 2.500% 9/01/51	—	—	$571K	$450K	0.2%
FNMA #Ma5107A 5.500% 7/01/53	—	—	$419K	$417K	0.2%
FHLMC #Sd8245 4.500% 8/01/52	—	—	$412K	$398K	0.2%
FNMA #Cb6031 5.000% 4/01/53	—	—	$380K	$383K	0.2%
FHLMC #Rj2664 5.000% 10/01/54	—	—	$390K	$381K	0.2%
FNMA #Fs9095 2.000% 8/01/42	—	—	$351K	$334K	0.1%
Fhlmc Sd1189 5.000% 7/01/52	—	—	$339K	$327K	0.1%
FHLMC #Sd8372 5.500% 10/01/53	—	—	$307K	$305K	0.1%
FNMA #Cb3372 3.500% 4/01/52	—	—	$281K	$278K	0.1%
FHLMC #Sd1565 3.000% 7/01/52	—	—	$280K	$270K	0.1%
Crown Amer Cap Corp 4.750% 2/01/26	—	—	$264K	$267K	0.1%
Fortress Transn L P 5.500% 5/01/28	—	—	$254K	$264K	0.1%
Albertsons Cos Inc 3.250% 3/15/26	—	—	$269K	$263K	0.1%
International Game 6.250% 1/15/27	—	—	$260K	$262K	0.1%
FHLMC #Qj9665 5.000% 11/01/54	—	—	$262K	$260K	0.1%
Prime Sec Svcs 5.750% 4/15/26	—	—	$256K	$260K	0.1%
Sirius Xm Radio Inc 3.125% 9/01/26	—	—	$269K	$259K	0.1%
Jazz Securities 4.375% 1/15/29	—	—	$255K	$259K	0.1%
Sba Communications 3.875% 2/15/27	—	—	$271K	$258K	0.1%
Kinetik Hldgs Lp 6.625% 12/15/28	—	—	$252K	$256K	0.1%
Phinia Inc 6.750% 4/15/29	—	—	$254K	$255K	0.1%
Vistra Operations Co 5.500% 9/01/26	—	—	$250K	$254K	0.1%
Wells Fargo Co Mtn 5.574% 7/25/29	—	—	$249K	$254K	0.1%
Centene Corp Del Sr 4.250% 12/15/27	—	—	$244K	$252K	0.1%
Boyd Gaming Corp 4.750% 12/01/27	—	—	$247K	$251K	0.1%
Vici Properties 4.250% 12/01/26	—	—	$264K	$251K	0.1%
Charter Comm Opt Llc 4.908% 7/23/25	—	—	$252K	$250K	0.1%
Clearway Energy Llc 4.750% 3/15/28	—	—	$253K	$249K	0.1%
Western Digital Corp 4.750% 2/15/26	—	—	$273K	$248K	0.1%
Unitedhealth 4.950% 1/15/32	—	—	$256K	$247K	0.1%
At T Inc 4.300% 2/15/30	—	—	$233K	$242K	0.1%
Broadcom Inc 4.800% 10/15/34	—	—	$249K	$241K	0.1%
Glp Capital Lp Fin 5.250% 6/01/25	—	—	$255K	$240K	0.1%
Oracle Corp 4.700% 9/27/34	—	—	$249K	$237K	0.1%
Tegna Inc 4.750% 3/15/26	—	—	$243K	$232K	<0.1%
Union Pacific Corp 2.400% 2/05/30	—	—	$249K	$222K	<0.1%
FNMA #Bw9776 3.000% 6/01/48	—	—	$222K	$219K	<0.1%
Amphenol Corp 2.800% 2/15/30	—	—	$223K	$217K	<0.1%
Hilton Domestic 5.375% 5/01/25	—	—	$217K	$214K	<0.1%
Xpo Inc 6.250% 6/01/28	—	—	$205K	$206K	<0.1%
Aadvantage Loyalty 5.43889% 4/20/26	—	—	$195K	$204K	<0.1%
Merck Co Inc 3.900% 3/07/39	—	—	$212K	$203K	<0.1%
US Treasury Nt 2.000% 2/15/50	—	—	$338K	$200K	<0.1%
Western L P 3.100% 2/01/25	—	—	$200K	$199K	<0.1%
Duke Energy Fla Llc 5.875% 11/15/33	—	—	$203K	$198K	<0.1%
FNMA #Cb9302 4.500% 10/01/54	—	—	$203K	$197K	<0.1%
Wesco Distr Inc 6.375% 3/15/29	—	—	$192K	$193K	<0.1%
Wyndham Worldwide 6.600% 10/01/25	—	—	$200K	$190K	<0.1%
Esab Corporation 6.250% 4/15/29	—	—	$185K	$187K	<0.1%
Duke Energy Llc 4.950% 1/15/33	—	—	$188K	$187K	<0.1%
Cadence Design 4.300% 9/10/29	—	—	$190K	$186K	<0.1%
Hat Hldgs I Llc 3.375% 6/15/26	—	—	$177K	$184K	<0.1%
FNMA #Ma5245 5.000% 1/01/54	—	—	$188K	$184K	<0.1%
Icahn Enterprises 5.250% 5/15/27	—	—	$172K	$175K	<0.1%
Goldman Sachs Group 4.223% 5/01/29	—	—	$167K	$175K	<0.1%
Teva Pharmaceuticals 3.150% 10/01/26	—	—	$161K	$173K	<0.1%
Us Bancorp Mtn 5.100% 7/23/30	—	—	$170K	$170K	<0.1%
Herc Hldgs Inc 6.625% 6/15/29	—	—	$166K	$167K	<0.1%
Alabama Pwr Co 6.045% 11/15/33	—	—	$175K	$166K	<0.1%
Blackrock Muni Interm Duration Refer To 09262J102	—	—	$154K	$165K	<0.1%
Sunoco Lp Finance 5.875% 3/15/28	—	—	$163K	$164K	<0.1%
Macquarie Airfinance 8.375% 5/01/28	—	—	$158K	$162K	<0.1%
Amgen Inc 1.650% 8/15/28	—	—	$164K	$161K	<0.1%
Cisco Sys Inc 4.950% 2/26/31	—	—	$160K	$161K	<0.1%
Slm Corp Sr Glbl Nt 4.200% 10/29/25	—	—	$160K	$159K	<0.1%
Transdigm Inc Sr 6.375% 3/01/29	—	—	$155K	$155K	<0.1%
Unitedhealth Group 2.000% 5/15/30	—	—	$152K	$155K	<0.1%
Gfl Environmental 3.750% 8/01/25	—	—	$160K	$153K	<0.1%
Ggam Fin Ltd 7.750% 5/15/26	—	—	$150K	$152K	<0.1%
Brinks Co 6.500% 6/15/29	—	—	$147K	$147K	<0.1%
Tenet Healthcare 4.250% 6/01/29	—	—	$143K	$146K	<0.1%
Onemain Financial 3.500% 1/15/27	—	—	$141K	$143K	<0.1%
Ibm Corp 3.500% 5/15/29	—	—	$158K	$142K	<0.1%
Pfizer Invt 4.750% 5/19/33	—	—	$136K	$136K	<0.1%
Duke Energy Florida 1.750% 6/15/30	—	—	$137K	$136K	<0.1%
Wec Energy 2.200% 12/15/28	—	—	$150K	$135K	<0.1%
Park Inter L P 4.875% 5/15/29	—	—	$132K	$132K	<0.1%
Starwood Property 4.750% 3/15/25	—	—	$130K	$129K	<0.1%
Verizon 4.780% 2/15/35	—	—	$142K	$126K	<0.1%
FHLMC #Sd2269 3.000% 1/01/52	—	—	$128K	$125K	<0.1%
FNMA #Cb3770 3.500% 6/01/52	—	—	$125K	$123K	<0.1%
FNMA #Cb3897 3.500% 6/01/52	—	—	$124K	$123K	<0.1%
Pathward Financial Inc Com	—	—	$127K	$117K	<0.1%
Hancock Whitney Corp	—	—	$123K	$117K	<0.1%
John Deere Mtn 4.400% 9/08/31	—	—	$120K	$116K	<0.1%
Tenet Healthcare 5.125% 11/01/27	—	—	$113K	$113K	<0.1%
Virginia Elec Pwr 5.000% 4/01/33	—	—	$117K	$113K	<0.1%
Nstar Elec Co 5.400% 6/01/34	—	—	$116K	$111K	<0.1%
FHLMC #Sb8025 2.000% 11/01/34	—	—	$122K	$110K	<0.1%
Avista Corp	—	—	$114K	$108K	<0.1%
Starwood Ppty Tr 4.375% 1/15/27	—	—	$107K	$106K	<0.1%
Tallgrass Energy L P 7.375% 2/15/29	—	—	$105K	$105K	<0.1%
Cousins Properties Inc	—	—	$106K	$105K	<0.1%
Ggam Fin Ltd 8.000% 2/15/27	—	—	$101K	$103K	<0.1%
Park Inter Hldgs L P 5.875% 10/01/28	—	—	$104K	$103K	<0.1%
Tallgrass Nrg Prtner 5.500% 1/15/28	—	—	$100K	$101K	<0.1%
Transdigm Inc 6.750% 8/15/28	—	—	$102K	$101K	<0.1%
SLMAMTN 3.125% 11/02/26	—	—	$96K	$100K	<0.1%
International Bancshares Corp	—	—	$109K	$98K	<0.1%
Genting New York 7.250% 10/01/29	—	—	$95K	$98K	<0.1%
Springleaf Finance 7.125% 3/15/26	—	—	$97K	$97K	<0.1%
Morgan Stanley Mtn 2.475% 1/21/28	—	—	$100K	$95K	<0.1%
Rtx Corporation 6.100% 3/15/34	—	—	$90K	$95K	<0.1%
Phinia Inc	—	—	$103K	$94K	<0.1%
MFS Govt Mkts Income Tr Sbi	—	—	$124K	$93K	<0.1%
Ofg Bancorp	—	—	$95K	$92K	<0.1%
Bk Of America Mtn 2.087% 6/14/29	—	—	$101K	$91K	<0.1%
Enova Intl Inc	—	—	$94K	$90K	<0.1%
Sunoco Lp 6.000% 4/15/27	—	—	$89K	$90K	<0.1%
Herc Holdings Inc 5.500% 7/15/27	—	—	$90K	$89K	<0.1%
Ugi Corp	—	—	$76K	$88K	<0.1%
Enterprise Finl Svcs	—	—	$88K	$84K	<0.1%
Cathay General Bancorp	—	—	$89K	$84K	<0.1%
Hat Hldgs I Llc 8.000% 6/15/27	—	—	$83K	$83K	<0.1%
Hovnanian Enterprises A	—	—	$105K	$83K	<0.1%
Ringcentral Inc Class A	—	—	$82K	$82K	<0.1%
Park Hotels Resorts Inc Wi	—	—	$83K	$81K	<0.1%
Penguin Solutions Inc	—	—	$71K	$80K	<0.1%
Apple Hospitality Reit Inc	—	—	$79K	$79K	<0.1%
Dcp Midstream 5.375% 7/15/25	—	—	$84K	$79K	<0.1%
Daktronics Inc Com	—	—	$66K	$77K	<0.1%
Knowles Corp Com	—	—	$70K	$76K	<0.1%
FNMA #Ca0997 3.500% 1/01/48	—	—	$83K	$75K	<0.1%
Stonex Group Inc Com	—	—	$74K	$70K	<0.1%
Adapthealth Corp	—	—	$71K	$70K	<0.1%
Aadvantage Loyalty 5.750% 4/20/29	—	—	$69K	$69K	<0.1%
Nexpoint Residential W I	—	—	$75K	$68K	<0.1%
Portland General Electric Co	—	—	$73K	$68K	<0.1%
Belden Inc Com	—	—	$71K	$67K	<0.1%
Morgan Stanley Mtn 1.593% 5/04/27	—	—	$70K	$67K	<0.1%
Sm Energy Co	—	—	$77K	$67K	<0.1%
Fidelis Insurance Holdings Ltd Com	—	—	$71K	$65K	<0.1%
Avnet Inc	—	—	$69K	$65K	<0.1%
Minerals Technologies Inc	—	—	$67K	$64K	<0.1%
FNMA #Bj1662 3.500% 12/01/47	—	—	$71K	$64K	<0.1%
Murphy Oil Corp	—	—	$68K	$63K	<0.1%
Select Water Solutions Inc	—	—	$67K	$63K	<0.1%
FNM\A #As8056 3.000% 10/01/46	—	—	$74K	$62K	<0.1%
Wyndham Destinations 6.625% 7/31/26	—	—	$60K	$61K	<0.1%
Veren Inc	—	—	$63K	$60K	<0.1%
US Treasury Bd 1.250% 5/15/50	—	—	$116K	$59K	<0.1%
Teva Pharmaceutical 4.750% 5/09/27	—	—	$58K	$59K	<0.1%
Kemper Corp	—	—	$62K	$58K	<0.1%
Morgan Stanley Mtn 1.512% 7/20/27	—	—	$60K	$57K	<0.1%
FFCB Deb 1.540% 11/30/26	—	—	$60K	$57K	<0.1%
Organon Co	—	—	$55K	$56K	<0.1%
FNMA #Ma2642 3.500% 6/01/46	—	—	$65K	$56K	<0.1%
Northwest Natural Holding Co	—	—	$58K	$55K	<0.1%
Icahn Enterprises Lp 6.250% 5/15/26	—	—	$52K	$54K	<0.1%

Showing top 200 of 264 investments by value.