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Original filing (PDF)20251202144427NAL0006527939001
TRUSTEES OF IUOE LOCAL 487 HEALTH & WELFARE TRUST FUND
Form 5500
FILING_RECEIVED
IUOE LOCAL 487 HEALTH & WELFARE TRUST FUND
Health & welfare plan
Signals · 4
35% in single holding~1045 bps in Sched C feesNo recordkeeper disclosed7 service providers
Active participants
592
Accounts w/ balance
—
Plan assets (EOY)
$4.7M
Net assets (EOY)
$4.5M
How this plan invests
This plan
9 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 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
83
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "WisdomTree Floating Rate Treasury ETF" is 35% of plan.
- 1045 bps in Schedule C fees — 1910% 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 IUOE LOCAL 487 HEALTH & WELFARE TRUST FUND.
Plan sponsor
Name
TRUSTEES OF IUOE LOCAL 487 HEALTH & WELFARE TRUST FUND
DBA
ASSOCIATED ADMINISTRATORS, LLC
EIN
59-6231991
Address
911 RIDGEBROOK RD · SPARKS, MD · 21152
Phone
(410) 683-6500
Industry
Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-04-01
Tax period
2025-03-31
Filed
2025-12-02
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4L · Death Benefits (other than life insurance)
Audit & trust (Schedule H)
Auditor
BELLOWS ASSOCIATES, P.A.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
7 rowsOther
7| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BROWN & BROWN | 59-0691921 | — | NONE | $249K | — |
| ASSOCIATED ADMINISTRATORS, LLC | 65-1205077 | — | NONE | $142K | — |
| THE SEGAL COMPANY | 13-2619259 | — | NONE | $43K | — |
| BELLOWS ASSOCIATES, P.A. | 65-0804414 | — | NONE | $22K | — |
| PHILLIPS, RICHARD & RIND P.A. | 65-0765728 | — | NONE | $17K | — |
| UNITED MEMBERS INSURANCE, INC. | 59-3006151 | — | NONE | $9K | — |
| LWM ADVISORY SERVICES, LLC. | 47-1045931 | — | NONE | $6K | — |
Investments
9 direct securities· $1.1M(23% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury ETF | — | — | $367K | $367K | 7.9% | |
| DFA Investment Grade Instl Cl | — | — | $206K | $206K | 4.4% | |
| JPMorgan Income Cl I | — | — | $141K | $141K | 3.0% | |
| JPMorgan Unconstrained Debt Cl I | — | — | $139K | $139K | 3.0% | |
| DFA U S Core Equity 1 Instl Cl | — | — | $72K | $72K | 1.5% | |
| PIMCO Mortgage Opptys & Bond Cl I2 | — | — | $54K | $54K | 1.2% | |
| SEI Instl Managed Multi Strategy Alternative Cl F | — | — | $41K | $41K | 0.9% | |
| Registered Investment Companies - Mutual Funds Columbia Contrarian Core | — | — | $32K | $32K | 0.7% | |
| Interest Bearing Cash UBS Bank USA | — | — | $11K | $11K | 0.2% |