Original filing (PDF)20250701130132NAL0018506736003

TRUSTEES OF NECA-IBEW 177 PENSION FUND

Name: TRUSTEES OF NECA-IBEW 177 PENSION FUND — NECA-IBEW 177 PENSION FUND, Form 5500 (2024)
Creator: TRUSTEES OF NECA-IBEW 177 PENSION FUND

Form 5500

FILING_RECEIVED

NECA-IBEW 177 PENSION FUND

Defined-contribution retirement plan

Signals · 3

25% in single holdingNo recordkeeper disclosed7 service providers

Active participants

1,411

Accounts w/ balance

1,411

Plan assets (EOY)

$143.9M

Net assets (EOY)

$143.9M

How this plan invests

This plan

2,623 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

Total plan cost

Vendor stack

Participation health

100

Knocking points off

Top holding "Accrued interest on purchases Gross proceeds" is 25% of plan.
56 bps in Schedule C fees — 464% 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 TRUSTEES OF NECA-IBEW 177 PENSION FUND.

Plan sponsor

Name

TRUSTEES OF NECA-IBEW 177 PENSION FUND

EIN

59-6976863

Address

1880 EAST WEST PARKWAY # 10132 · FLEMING ISLAND, FL · 32006

Phone

(904) 902-7174

Industry

Electrical 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

2025-07-01

Pension benefit codes

2C · Money purchase (other than target benefit)

Audit & trust (Schedule H)

Auditor

LEGACY PROFESSIONALS LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

7 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
WELLS FARGO ADVISORS LLC	34-1542819	—	NONE	$591K	—
NATIONAL EMPLOYEE BENEFITS ADMINIST	65-0498809	—	NONE	$63K	—
SMITH, GAMBRELL & RUSSELL, LLP	58-0967450	—	NONE	$45K	—
SAWGRASS ASSET MANAGEMENT LLC	59-3488505	—	NONE	$37K	—
LEGACY PROFESSIONALS LLP	32-0043599	—	NONE	$35K	—
MY BENEFITS ADMINISTRATOR, LLC	99-0940151	—	NONE	$30K	—
TOP DRAWER, INC	59-1550960	—	NONE	$12K	—

Investments

1,662 direct securities· $72.7M(51% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
Accrued interest on purchases Gross proceeds	—	—	$662K	$20.5M	14.3%
Cap Securities	—	—	—	$6.7M	4.6%
CUSIP 31292HAK0 Acquired 05/08/00 L nc	—	—	—	$1.5M	1.0%
DTD 10/01/24 FC 11/25/24 REMAIN BAL	—	—	—	$933K	0.6%
DTD 09/01/21 FC 10/25/21 REMAIN BAL	—	—	—	$767K	0.5%
DTD 09/01/24 FC 10/25/24 REMAIN BAL	—	—	—	$734K	0.5%
DTD 07/01/23 FC 08/25/23 REMAIN BAL	—	—	—	$704K	0.5%
Total 6.52 20,820 $54.67 $1,138,204.06 86.9100	—	—	—	$671K	0.5%
Total 11.96 5,570 $106.45 $592,945.65 219.3900	—	—	—	$629K	0.4%
DTD 06/01/22 FC 07/25/22 REMAIN BAL	—	—	—	$628K	0.4%
DTD 04/14/20 FC 11/01/20 Moody A3 , S&P A- CUSIP 09857LAN8 Acquired 08/20/21 L	—	—	$1.1M	$545K	0.4%
NVIDIA CORP NVDA Acquired Net Tax Lots	—	—	$1.2M	$540K	0.4%
DTD 03/01/23 FC 04/25/23 REMAIN BAL	—	—	—	$527K	0.4%
DTD 11/01/24 FC 12/25/24 REMAIN BAL	—	—	—	$499K	0.3%
DTD 11/01/24 FC 12/25/24 REMAIN BAL	—	—	—	$479K	0.3%
DTD 09/01/24 FC 10/25/24 REMAIN BAL	—	—	—	$468K	0.3%
Acquired 11/04/24 S	—	—	$455K	$454K	0.3%
DTD 10/01/23 FC 11/25/23 REMAIN BAL	—	—	—	$454K	0.3%
DTD 08/01/22 FC 09/25/22 REMAIN BAL	—	—	—	$448K	0.3%
Total Government Asset	—	—	$34K	$418K	0.3%
DTD 03/01/22 FC 04/25/22 REMAIN BAL	—	—	—	$404K	0.3%
DTD 10/01/24 FC 11/25/24 REMAIN BAL	—	—	—	$390K	0.3%
Total Preferreds/Fixed Rate	—	—	$368K	$338K	0.2%
Acquired 08/19/22 L 321,343.75&	—	—	$321K	$321K	0.2%
DTD 06/01/23 FC 07/25/23 REMAIN BAL	—	—	—	$321K	0.2%
DTD 12/01/23 FC 01/25/24 REMAIN BAL	—	—	—	$304K	0.2%
Total 4.61 3,714 $123.83 $459,889.13 205.4200	—	—	—	$303K	0.2%
Total 4.58 525 $320.42 $168,220.71 891.3200	—	—	—	$300K	0.2%
Acquired 03/14/23 L	—	—	$524K	$299K	0.2%
DTD 08/01/22 FC 09/25/22 REMAIN BAL	—	—	—	$299K	0.2%
CUSIP 36209G5W3 Acquired 02/27/98 L nc	—	—	—	$297K	0.2%
Total 3.19 13,745 $17.19 $236,342.54 38.3900	—	—	—	$291K	0.2%
4 FOR 1 STOCK SPLIT 12/04 Cash EXCHANGE -249.00000 ARISTA NETWORKS INC CHG	—	—	—	$287K	0.2%
12/02 Cash DIVIDEND LPL FINANCIAL HOLDINGS 134.10	—	—	—	$287K	0.2%
Activity detail by date TRANSACTION/ CASH AND SWEEP DATE ACCOUNT TYPE CHECK NUMBER QUANTITY DESCRIPTION PRICE AMOUNT BALANCES 12/01 BEGINNING BALANCE	—	—	—	$287K	0.2%
Standard Bank Deposit Sweep - Consists of monies generally first held at Wells Fargo Bank, N.A. and (if amounts exceed $250,000) at one or more Wells Fargo affiliated banks.	—	—	—	$250K	0.2%
}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} DESCRIPTION BEGINNING ENDING }}}}}}}}}}} }}}}}}}}}}}}}} ACCRUED INTEREST	—	—	$175K	$241K	0.2%
AMAZON COM INC AMZN Acquired Net Tax Lots	—	—	$643K	$235K	0.2%
DTD 12/01/17 FC 01/25/18 REMAIN BAL	—	—	—	$213K	0.1%
Acquired 11/12/24 S	—	—	$204K	$203K	0.1%
DTD 10/01/19 FC 11/25/19 REMAIN BAL	—	—	—	$200K	0.1%
DTD 08/21/20 FC 03/01/21 CUSIP 596278AB7 Acquired 11/29/23 L	—	—	$198K	$199K	0.1%
Acquired 06/04/19 L	—	—	$270K	$196K	0.1%
Total 2.32 7,448 $56.29 $419,249.28 30.2700	—	—	—	$194K	0.1%
Total 2.41 510,000 $167.88 $856,234.60 130.9000	—	—	—	$189K	0.1%
Total 1.75 2,049 $91.47 $187,428.39 91.9300	—	—	—	$188K	0.1%
SERVICENOW INC NOW Acquired 10/04/22 L	—	—	$300K	$184K	0.1%
DTD 05/01/22 FC 06/25/22 REMAIN BAL	—	—	—	$183K	0.1%
DTD 01/01/23 FC 02/25/23 REMAIN BAL	—	—	—	$182K	0.1%
MORNINGSTAR INC MORN Acquired 03/02/18 L	—	—	$250K	$181K	0.1%
DTD 11/01/17 FC 12/25/17 REMAIN BAL	—	—	—	$178K	0.1%
DTD 09/01/16 FC 10/25/16 REMAIN BAL	—	—	—	$176K	0.1%
Total 4.78 4,593 $68.43 $314,280.35 106.3300	—	—	—	$174K	0.1%
Acquired 08/30/23 L	—	—	$429K	$167K	0.1%
Total 1.46 734 $102.35 $75,124.96 328.9300	—	—	—	$166K	0.1%
Acquired 09/12/24 S	—	—	$166K	$166K	0.1%
DTD 05/01/22 FC 06/25/22 REMAIN BAL	—	—	—	$165K	0.1%
Total 5.20 4,716 $72.56 $342,186.60 107.2200	—	—	—	$163K	0.1%
Acquired 09/06/23 L	—	—	$421K	$159K	0.1%
Acquired 08/30/23 L	—	—	$399K	$156K	0.1%
Acquired 12/04/20 L	—	—	$308K	$152K	0.1%
CUSIP 3140N22J9 Acquired 08/14/23 L nc	—	—	$149K	$149K	0.1%
DTD 06/01/12 FC 07/25/12 REMAIN BAL	—	—	—	$148K	0.1%
Total 4.01 4,834 $59.76 $288,877.81 89.4600	—	—	—	$144K	<0.1%
Total 2.24 2,187 $44.96 $98,322.02 110.4500	—	—	—	$143K	<0.1%
Acquired 11/25/20 L	—	—	$227K	$143K	<0.1%
Acquired 03/16/23 L	—	—	$255K	$138K	<0.1%
Acquired 11/25/20 L	—	—	$157K	$136K	<0.1%
DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INCOME YIELD (%) AMAZON COM INC AMZN Acquired 05/17/22 L	—	—	$278K	$134K	<0.1%
Total 1.19 378 $76.02 $28,735.20 424.0600	—	—	—	$132K	<0.1%
SHOPIFY INC CL A SHOP Acquired 06/12/24 S	—	—	$339K	$130K	<0.1%
ACCENTURE PLC IRELAND SHARES CLASS A ACN Acquired 02/25/19 L	—	—	$240K	$129K	<0.1%
Acquired 12/20/21 L	—	—	$274K	$129K	<0.1%
NETFLIX.COM INC NFLX Acquired 08/10/22 L	—	—	$175K	$127K	<0.1%
DTD 05/01/16 FC 06/25/16 REMAIN BAL	—	—	—	$126K	<0.1%
Total 3.23 1,706 $110.45 $188,432.62 183.9900	—	—	—	$125K	<0.1%
Acquired 08/15/23 L nc	—	—	$125K	$125K	<0.1%
INTUITIVE SURGICAL INC COM NEW ISRG Acquired Net Tax Lots	—	—	$423K	$120K	<0.1%
Acquired 02/27/19 L	—	—	$206K	$116K	<0.1%
MICROSOFT CORP MSFT Acquired 02/25/19 L	—	—	$155K	$114K	<0.1%
Total 1.76 793 $96.40 $76,444.58 239.6100	—	—	—	$114K	<0.1%
Total 2.73 2,841 $64.09 $182,072.45 103.7800	—	—	—	$113K	<0.1%
1 Activity detail by date TRANSACTION/ CASH AND SWEEP DATE ACCOUNT TYPE CHECK NUMBER QUANTITY DESCRIPTION PRICE AMOUNT BALANCES 12/01 BEGINNING BALANCE	—	—	—	$108K	<0.1%
Total 3.46 2,017 $132.49 $267,231.77 184.9200	—	—	—	$106K	<0.1%
Total 2.30 1,916 $74.59 $142,918.87 129.5000	—	—	—	$105K	<0.1%
Total 2.16 1,984 $64.61 $128,194.79 117.5300	—	—	—	$105K	<0.1%
M & T BANK CORP MTB Acquired 05/04/23 L	—	—	$268K	$105K	<0.1%
Total 2.09 2,527 $47.86 $120,942.37 89.3500	—	—	—	$105K	<0.1%
Total 3.93 3,484 $80.26 $279,613.90 109.7300	—	—	—	$103K	<0.1%
Total 2.54 800 $215.57 $172,453.35 342.1600	—	—	—	$101K	<0.1%
Acquired 01/31/23 L	—	—	$158K	$101K	<0.1%
Total 2.63 407 $449.74 $183,045.14 696.7700	—	—	—	$101K	<0.1%
BJ'S WHOLESALE CLUB HOLDINGS INC BJ Acquired 06/01/21 L	—	—	$203K	$99K	<0.1%
MASTERCARD INC CL A MA Acquired 04/25/19 L	—	—	$185K	$99K	<0.1%
DTD 11/01/19 FC 12/25/19 REMAIN BAL	—	—	—	$97K	<0.1%
Acquired 03/16/23 L	—	—	$201K	$97K	<0.1%
DTD 05/14/21 CUSIP 682189AS4 Acquired 09/22/23 L	—	—	$243K	$94K	<0.1%
DTD 05/01/16 FC 06/15/16 REMAIN BAL	—	—	—	$94K	<0.1%
ALPHABET INC NON VOTING CAP STK CL C GOOG Acquired 02/25/19 L	—	—	$131K	$93K	<0.1%
COSTAR GROUP INC CSGP Acquired 10/23/24 S	—	—	$93K	$92K	<0.1%
Acquired 02/12/24 S	—	—	$376K	$91K	<0.1%
Acquired 02/18/20 L	—	—	$104K	$90K	<0.1%
Moody AAA , S&P AA+ REMAIN BAL	—	—	—	$90K	<0.1%
MGMNT INC MANDATORY CONV DUE 07/31/26 APO'A Acquired 08/23/23 L	—	—	$219K	$89K	<0.1%
Acquired 11/25/20 L	—	—	$101K	$88K	<0.1%
PROGRESSIVE CORP OHIO PGR Acquired 02/11/21 L	—	—	$134K	$86K	<0.1%
the last business day of the month. For additional information, please contact Your Financial Advisor. FDIC CERT AS OF DESCRIPTION NUMBER CURRENT VALUE DATE WELLS FARGO BANK, N.A. 3511	—	—	—	$83K	<0.1%
Acquired 11/05/24 S	—	—	$81K	$81K	<0.1%
Acquired 09/25/23 L	—	—	$226K	$81K	<0.1%
VISA INC CLASS A V Acquired 02/25/19 L	—	—	$148K	$80K	<0.1%
CUSIP 31418D4Y5 Acquired 09/16/21 L nc	—	—	$279K	$79K	<0.1%
DTD 03/01/19 FC 04/25/19 REMAIN BAL	—	—	—	$78K	<0.1%
Acquired 11/25/20 L	—	—	$118K	$77K	<0.1%
DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INCOME YIELD (%) TRANSUNION TRU Acquired 03/08/23 L	—	—	$246K	$77K	<0.1%
BOEING CO BA Acquired Net Tax Lots	—	—	$460K	$76K	<0.1%
Acquired 09/16/21 L nc	—	—	$253K	$72K	<0.1%
Acquired 02/27/19 L	—	—	$146K	$71K	<0.1%
Acquired 09/03/20 L	—	—	$124K	$70K	<0.1%
Acquired 11/25/20 L	—	—	$133K	$70K	<0.1%
Acquired 10/06/20 L	—	—	$121K	$70K	<0.1%
AUTO TRADER GRP PLC ADR ATDRY Acquired 03/19/18 L	—	—	$144K	$70K	<0.1%
ALLISON TRANSMISSION HOLDINGS INC ALSN Acquired 02/02/21 L	—	—	$112K	$69K	<0.1%
Acquired 10/31/23 L	—	—	$109K	$69K	<0.1%
Acquired 06/30/22 L	—	—	$124K	$69K	<0.1%
Acquired 11/25/20 L	—	—	$36K	$68K	<0.1%
Acquired 11/13/24 S 65,988.30&	—	—	$66K	$66K	<0.1%
Acquired 11/13/24 S	—	—	$66K	$66K	<0.1%
Acquired 09/30/21 L	—	—	$194K	$66K	<0.1%
Acquired 11/10/23 L	—	—	$111K	$65K	<0.1%
DTD 05/21/18 FC 11/01/18 CUSIP 00971TAJ0 Acquired 06/20/19 L	—	—	$65K	$65K	<0.1%
Acquired 11/25/20 L	—	—	$101K	$64K	<0.1%
from Your Financial Advisor. % OF CURRENT ESTIMATED CURRENT DESCRIPTION ACCOUNT MARKET VALUE ANNUAL INCOME YIELD (%) GS FSQ GOVERNMENT INSTL	—	—	$1.4M	$63K	<0.1%
Acquired 06/16/20 L	—	—	$241K	$62K	<0.1%
Acquired 11/05/24 S	—	—	$61K	$61K	<0.1%
AAON INC AAON Acquired 06/08/18 L	—	—	$75K	$61K	<0.1%
GLOBAL PAYMENTS INC GPN Acquired 09/28/21 L	—	—	$135K	$60K	<0.1%
Accrued interest on purchases 0.00	—	—	—	$60K	<0.1%
Acquired 03/16/23 L	—	—	$103K	$60K	<0.1%
Acquired 11/13/24 S	—	—	$60K	$60K	<0.1%
DTD 12/11/20 CUSIP 90353TAJ9 Acquired 09/26/24 S	—	—	$541K	$60K	<0.1%
Acquired 05/12/20 L	—	—	$105K	$59K	<0.1%
Acquired 11/05/24 S	—	—	$59K	$59K	<0.1%
Acquired 02/27/19 L	—	—	$80K	$59K	<0.1%
DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INCOME YIELD (%) ARISTA NETWORKS INC NEW ANET Acquired 03/16/23 L	—	—	$92K	$58K	<0.1%
INSPERITY INC NSP Acquired 04/27/23 L	—	—	$101K	$58K	<0.1%
DOLLAR GENERAL CORP DG Acquired 06/12/24 S	—	—	$92K	$58K	<0.1%
PROCTER & GAMBLE CO PG Acquired 12/27/24 S	—	—	$59K	$58K	<0.1%
Acquired 07/23/21 L	—	—	$113K	$58K	<0.1%
Acquired 11/10/23 L	—	—	$165K	$58K	<0.1%
DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INCOME YIELD (%) Acquired 11/25/20 L	—	—	$139K	$57K	<0.1%
Acquired 11/10/23 L	—	—	$114K	$57K	<0.1%
Acquired 12/20/23 L	—	—	$162K	$57K	<0.1%
Acquired 03/16/23 L	—	—	$92K	$57K	<0.1%
Acquired 03/16/20 L	—	—	$181K	$57K	<0.1%
ORACLE CORPORATION ORCL Acquired 09/05/24 S	—	—	$388K	$56K	<0.1%
ADOBE SYSTEMS INC ADBE Acquired Net Tax Lots	—	—	$329K	$56K	<0.1%
AMERICOLD REALTY TRUST INC COLD Acquired 06/24/21 L	—	—	$77K	$56K	<0.1%
AFFILIATED MANAGERS GROUP AMG Acquired 06/09/22 L	—	—	$207K	$56K	<0.1%
Acquired 11/13/24 S	—	—	$55K	$56K	<0.1%
Acquired 11/25/20 L	—	—	$115K	$54K	<0.1%
Acquired 11/20/24 S	—	—	$53K	$53K	<0.1%
DISNEY WALT COMPANY DIS Acquired 02/29/24 S	—	—	$53K	$53K	<0.1%
JEFFERIES FINL GROUP INC JEF Acquired 09/19/23 L	—	—	$102K	$52K	<0.1%
BAKER HUGHES A GE CO BKR Acquired 04/13/21 L	—	—	$101K	$52K	<0.1%
Acquired 03/16/23 L	—	—	$81K	$52K	<0.1%
RYAN SPECIALTY HOLDINGS INC CL A RYAN Acquired 08/03/21 L	—	—	$96K	$52K	<0.1%
SNAP-ON INC SNA Acquired 02/28/18 L	—	—	$97K	$52K	<0.1%
Acquired 02/05/24 S	—	—	$90K	$51K	<0.1%
Acquired 01/19/23 L	—	—	$116K	$50K	<0.1%
FACTSET RESEARCH SYSTEMS INC FDS Acquired 03/02/18 L	—	—	$87K	$50K	<0.1%
Acquired 11/25/20 L	—	—	$51K	$50K	<0.1%
Acquired 04/09/24 S	—	—	$49K	$50K	<0.1%
Acquired 12/19/22 L	—	—	$65K	$50K	<0.1%
APOLLO GLOBAL MGMT INC NEW APO Acquired 03/16/23 L	—	—	$77K	$49K	<0.1%
Acquired 01/12/22 L nc	—	—	$285K	$49K	<0.1%
WHITE MOUNTAIN INS GRP WTM Acquired 10/20/14 L	—	—	$72K	$49K	<0.1%
Acquired 11/05/24 S	—	—	$50K	$49K	<0.1%
Acquired 06/18/20 L	—	—	$92K	$48K	<0.1%
Acquired 11/01/21 L	—	—	$110K	$48K	<0.1%
WINTRUST FINL CORP WTFC Acquired 03/22/24 S	—	—	$236K	$48K	<0.1%
FNF GROUP FNF Acquired 04/23/20 L	—	—	$89K	$48K	<0.1%
Acquired 01/25/24 S	—	—	$113K	$47K	<0.1%
Acquired 03/04/22 L	—	—	$264K	$47K	<0.1%
Acquired 11/25/20 L	—	—	$78K	$47K	<0.1%
Acquired 11/25/20 L	—	—	$67K	$46K	<0.1%
Acquired 03/16/23 L	—	—	$121K	$46K	<0.1%
Acquired 03/16/23 L	—	—	$76K	$46K	<0.1%
SS &C TECHNOLOGIES HLDGS SSNC Acquired 06/16/22 L	—	—	$166K	$45K	<0.1%
Acquired 11/25/20 L	—	—	$74K	$45K	<0.1%
Acquired 03/16/20 L	—	—	$62K	$45K	<0.1%
DTD 05/05/23 FC 11/15/23 CUSIP 252131AM9 Acquired 06/07/24 S	—	—	$451K	$45K	<0.1%
DTD 02/24/23 FC 09/15/23 Moody BAA1 , S&P BBB+ CUSIP 69352PAS2 Acquired 02/27/24 S	—	—	$487K	$45K	<0.1%
REXFORD IND REALTY INC REXR Acquired 02/08/24 S	—	—	$118K	$45K	<0.1%
Acquired 08/20/24 S	—	—	$149K	$44K	<0.1%
DTD 06/13/23 FC 12/01/23 S&P BBB+ CUSIP 92277GAZ0 Acquired 06/18/24 S	—	—	$537K	$44K	<0.1%
Acquired 11/16/23 L	—	—	$134K	$44K	<0.1%
Acquired 12/05/23 L	—	—	$373K	$44K	<0.1%
ZOETIS INC CLASS A ZTS Acquired 02/25/19 L	—	—	$104K	$44K	<0.1%
Acquired 01/07/22 L	—	—	$140K	$44K	<0.1%
DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INCOME YIELD (%) LIVE NATION ENTERTAINMENT INC LYV Acquired 12/08/22 L	—	—	$96K	$43K	<0.1%

Showing top 200 of 1,662 investments by value.