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Original filing (PDF)20251010134848NAL0018159250001
PLUMBERS & PIPEFITTERS LU 719 WELFARE FUND
Form 5500
FILING_RECEIVED
PLUMBERS & PIPEFITTERS LOCAL UNION 719 WELFARE FUND
Health & welfare plan
Signals · 2
~278 bps in Sched C feesNo recordkeeper disclosed
Active participants
186
Accounts w/ balance
—
Plan assets (EOY)
$5.6M
Net assets (EOY)
$5.6M
How this plan invests
This plan
72 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 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
65
Vendor stack
80
Participation health
100
Knocking points off
- 278 bps in Schedule C fees — 434% 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 PLUMBERS & PIPEFITTERS LU 719 WELFARE FUND.
Plan sponsor
Name
PLUMBERS & PIPEFITTERS LU 719 WELFARE FUND
EIN
59-6134289
Address
2010 NW 150TH AVE, SUITE 200 · PEMBROKE PINES, FL · 33028
Phone
(954) 266-6322
Industry
Finance & Insurancesee 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
2025-10-10
Welfare benefit codes
4A · Health (other than dental or vision)
4D · Dental
4E · Vision
Audit & trust (Schedule H)
Auditor
LAPADULA, CARLSON + CO.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsOther
4| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SUGARMAN & SUSSKIND PA | 59-2539792 | — | NONE | $53K | — |
| NATIONAL EMPLOYEE BENEFITS ADMIN | 65-0498809 | — | NONE | $44K | — |
| BROWN & BROWN, INC. | 59-0864469 | — | NONE | $36K | — |
| LAPADULA CARLSON & CO. | 65-0292391 | — | NONE | $23K | — |
Investments
72 direct securities· $4.4M(79% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| FEDERAL HOM E LOAN M TG CORP 5.000% DUE 10/01/2054 | — | — | $597K | $574K | 10.2% | |
| U.S. TREASURY NOTE 4.375% DUE 05/15/2034 | — | — | $420K | $409K | 7.3% | |
| GSE SECURITIES - FEDERAL HOM E LOAN M TG CORP 3.000% DUE 05/01/2052 | — | — | $315K | $311K | 5.5% | |
| U.S. TREASURY NOTE 3.875% DUE 08/15/2034 | — | — | $303K | $293K | 5.2% | |
| U.S. TREASURY NOTE 4.250% DUE 11/15/2034 | — | — | $273K | $268K | 4.8% | |
| FEDERAL NATL M TG ASSN 5.000% DUE 10/01/2054 | — | — | $257K | $248K | 4.4% | |
| FEDERAL HOM E LOAN M TG CORP 5.500% DUE 06/01/2054 | — | — | $202K | $202K | 3.6% | |
| FEDERAL HOM E LOAN M TG CORP 5.500% DUE 03/01/2054 | — | — | $194K | $193K | 3.4% | |
| FEDERAL HOM E LOAN M TG CORP 5.500% DUE 10/01/2054 | — | — | $175K | $173K | 3.1% | |
| U.S. TREASURY NOTE 3.500% DUE 09/30/2029 | — | — | $158K | $154K | 2.7% | |
| FEDERAL NATL M TG ASSN 5.500% DUE 09/01/2054 | — | — | $140K | $139K | 2.5% | |
| GOVERNM ENT NATL M TG ASSN 5.000% DUE 04/20/2053 | — | — | $119K | $116K | 2.1% | |
| FEDERAL NATL M TG ASSN 5.000% DUE 05/01/2053 | — | — | $107K | $105K | 1.9% | |
| U.S. TREASURY NOTE 4.125% DUE 10/31/2031 | — | — | $99K | $98K | 1.7% | |
| MONEY MARKET FUND, GOLDM AN SACHS FS TREASURY OBLIG FUND SHARES - M ONEY M ARKET FUND | — | — | $67K | $67K | 1.2% | |
| U.S. TREASURY NOTE 3.625% DUE 09/30/2031 | — | — | $70K | $67K | 1.2% | |
| AM GEN INC 5.650% DUE 03/02/2053 | — | — | $60K | $58K | 1.0% | |
| U.S. TREASURY NOTE 3.750% DUE 08/31/2031 | — | — | $50K | $48K | 0.9% | |
| U.S. TREASURY NOTE 4.625% DUE 11/15/2044 | — | — | $45K | $44K | 0.8% | |
| U.S. TREASURY NOTE 3.500% DUE 02/15/2033 | — | — | $44K | $42K | 0.7% | |
| BROADCOM INC 5.150% DUE 11/15/2031 | — | — | $40K | $40K | 0.7% | |
| U.S. TREASURY NOTE 2.750% DUE 08/15/2032 | — | — | $43K | $39K | 0.7% | |
| GOVERNM ENT NATL M TG ASSN 4.000% DUE 01/20/2046 | — | — | $41K | $36K | 0.6% | |
| U.S. GOVERNM ENT - U.S. TREASURY BILLS VAR DUE 11/28/2025 | — | — | $35K | $35K | 0.6% | |
| RTX CORPORATION 3.500% DUE 03/15/2027 | — | — | $40K | $34K | 0.6% | |
| ANADARKO PETROLEUM CORP 5.550% DUE 03/15/2026 | — | — | $36K | $32K | 0.6% | |
| PLAINS ALL AM ERICAN PIPELINE LP 5.700% DUE 09/15/2034 | — | — | $30K | $30K | 0.5% | |
| AM GEN INC 5.250% DUE 03/02/2033 | — | — | $30K | $30K | 0.5% | |
| U.S. TREASURY NOTE 4.125% DUE 10/31/2029 | — | — | $30K | $30K | 0.5% | |
| VULCAN M ATERIALS CO 4.950% DUE 12/01/2029 | — | — | $25K | $25K | 0.4% | |
| ENERGY TRANSFER OPERATING 5.550% DUE 05/15/2034 | — | — | $25K | $25K | 0.4% | |
| APACHE CORP 6.000% DUE 01/15/2037 | — | — | $25K | $25K | 0.4% | |
| ABBVIE INC 2.950% DUE 11/21/2026 | — | — | $27K | $24K | 0.4% | |
| U.S. TREASURY NOTE 4.250% DUE 11/30/2026 | — | — | $22K | $22K | 0.4% | |
| APACHE CORP 5.100% DUE 09/01/2040 | — | — | $21K | $22K | 0.4% | |
| TARGA RES CORP 6.500% DUE 03/30/2034 | — | — | $21K | $21K | 0.4% | |
| ENBRIDGE INC 5.700% DUE 03/08/2033 | — | — | $20K | $20K | 0.4% | |
| CITIGROUP INC 3.980% DUE 03/20/2030 | — | — | $19K | $19K | 0.3% | |
| GLENCORE FDG LLC 2.625% DUE 09/23/2031 | — | — | $17K | $17K | 0.3% | |
| APACHE FINANCE CANADA 7.750% DUE 12/15/2029 | — | — | $17K | $16K | 0.3% | |
| ENERGY TRANSFER OPERATING 6.400% DUE 12/01/2030 | — | — | $16K | $16K | 0.3% | |
| WESTERN GAS PARTNERS LP 6.150% DUE 04/01/2033 | — | — | $15K | $15K | 0.3% | |
| VALERO ENERGY PARTNERS LP 4.500% DUE 03/15/2028 | — | — | $14K | $15K | 0.3% | |
| DIAM ONDBACK ENERGY INC 5.750% DUE 04/18/2054 | — | — | $15K | $14K | 0.3% | |
| PLAINS ALL AM ERICAN PIPELINE LP 3.800% DUE 09/15/2030 | — | — | $14K | $14K | 0.2% | |
| FEDERAL NATL M TG ASSN 4.500% DUE 04/01/2044 | — | — | $15K | $14K | 0.2% | |
| CARRIER GLOBAL CORP 2.722% DUE 02/15/2030 | — | — | $14K | $13K | 0.2% | |
| BOEING CO 2.950% DUE 02/01/2030 | — | — | $13K | $13K | 0.2% | |
| AM ERICAN TOWER CORP 2.100% DUE 06/15/2030 | — | — | $13K | $13K | 0.2% | |
| VALERO ENERGY CORP 7.500% DUE 04/15/2032 | — | — | $11K | $11K | 0.2% | |
| M ARATHON OIL CORP 6.800% DUE 03/15/2032 | — | — | $10K | $11K | 0.2% | |
| VULCAN M ATERIALS CO 5.350% DUE 12/01/2034 | — | — | $10K | $10K | 0.2% | |
| U.S. TREASURY NOTE 4.500% DUE 11/15/2054 | — | — | $10K | $10K | 0.2% | |
| GOVERNM ENT NATL M TG ASSN 4.000% DUE 08/20/2048 | — | — | $9K | $8K | 0.1% | |
| GSE SECURITIES (CONTINUED) - GOVERNM ENT NATL M TG ASSN 4.000% DUE 05/20/2048 | — | — | $8K | $8K | 0.1% | |
| FEDERAL NATL M TG ASSN 4.000% DUE 02/01/2041 | — | — | $8K | $7K | 0.1% | |
| ENBRIDGE INC 5.900% DUE 11/15/2026 | — | — | $6K | $6K | 0.1% | |
| ENERGY TRANSFER OPERATING 5.500% DUE 06/01/2027 | — | — | $6K | $6K | 0.1% | |
| DIAM ONDBACK ENERGY INC 5.200% DUE 04/18/2027 | — | — | $6K | $6K | 0.1% | |
| PLAINS ALL AM ERICAN PIPELINE LP 4.500% DUE 12/15/2026 | — | — | $6K | $6K | 0.1% | |
| PHILIP M ORRIS INTERNATIONAL INC 4.375% DUE 11/01/2027 | — | — | $6K | $6K | 0.1% | |
| VALERO ENERGY CORP 3.400% DUE 09/15/2026 | — | — | $6K | $6K | 0.1% | |
| AM ERICAN TOWER CORP 1.450% DUE 09/15/2026 | — | — | $6K | $6K | 0.1% | |
| FEDERAL NATL M TG ASSN 5.000% DUE 07/01/2040 | — | — | $6K | $5K | <0.1% | |
| WESTERN GAS PARTNERS LP 3.950% DUE 06/01/2025 | — | — | $5K | $5K | <0.1% | |
| HALLIBURTON CO 3.800% DUE 11/15/2025 | — | — | $5K | $5K | <0.1% | |
| VALERO ENERGY CORP 4.350% DUE 06/01/2028 | — | — | $5K | $5K | <0.1% | |
| FEDERAL NATL M TG ASSN 4.500% DUE 02/01/2041 | — | — | $5K | $5K | <0.1% | |
| FEDERAL NATL M TG ASSN 4.500% DUE 07/01/2039 | — | — | $5K | $4K | <0.1% | |
| FEDERAL NATL M TG ASSN 4.500% DUE 10/01/2041 | — | — | $2K | $2K | <0.1% | |
| FEDERAL NATL M TG ASSN 5.500% DUE 05/01/2040 | — | — | $2K | $2K | <0.1% | |
| M ASSACHUSETTS ST 1,000 4.000% DUE 12/21/2025 | — | — | — | $1K | <0.1% |
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