Original filing (PDF)20251015101931NAL0002134595002

SHEET METAL WORKERS LOCAL UNION NO 48 WELFARE FUND

Name: SHEET METAL WORKERS LOCAL UNION NO 48 WELFARE FUND — SHEET METAL WORKERS LOCAL UNION NO 48 WELFARE FUND BOARD OF TRUSTEES OF THE SHEET METAL WORKERS LOCAL, Form 5500 (2024)
Creator: SHEET METAL WORKERS LOCAL UNION NO 48 WELFARE FUND

Form 5500

FILING_RECEIVED

SHEET METAL WORKERS LOCAL UNION NO 48 WELFARE FUND BOARD OF TRUSTEES OF THE SHEET METAL WORKERS LOCAL

Health & welfare plan

Signals · 3

~762 bps in Sched C feesNo recordkeeper disclosed7 service providers

Active participants

238

Accounts w/ balance

—

Plan assets (EOY)

$5.4M

Net assets (EOY)

$5.3M

How this plan invests

This plan

108 securities

funds · stocks · CUSIPs

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

Plan health score

Average plan with room to improve

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

100

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Total administrative cost in the bottom quartile of peers (3rd percentile).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for SHEET METAL WORKERS LOCAL UNION NO 48 WELFARE FUND.

Plan sponsor

Name

SHEET METAL WORKERS LOCAL UNION NO 48 WELFARE FUND

EIN

63-0713360

Address

1108 29TH STREET NORTH · BIRMINGHAM, AL · 35234

Phone

(205) 322-9016

Industry

Plumbing, Heating, AC Contractors· 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

4F · Temporary Disability (accident and sickness)

4H · Long-Term Disability

Audit & trust (Schedule H)

Auditor

DENT MOSES, LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

7 rows

Investment manager

Name	EIN	Location	Relation	Direct comp	Indirect comp
PNC ASSET MANAGEMENT	22-1146430	BIRMINGHAM, AL	—	$16K	—

Other service providers

Name	EIN	Location	Relation	Direct comp	Indirect comp
BLUE CROSS BLUE SHIELD	63-0103830	BIRMINGHAM, AL

Investments

108 direct securities· $4.5M(84% of reported assets)

U.S. Treasuries

$2.2M

20 holdings

Other securities

$1.2M

10 holdings

Bonds / Notes

$660K

50 holdings

Agency / Mortgage-Backed

$270K

21 holdings

Mutual Funds

$140K

1 holding

Common Stock

$64K

5 holdings

Structured Credit (CLO/ABS)

$15K

1 holding

					% of plan
Vanguard Total Stock Market I Index Fund ETF Shares 3,226 Shares	Other securities	—	$658K	$935K	17.2%
U.S. Treasury Notes 480,000 Face Value 2.375% Due 05/15/27	U.S. Treasuries	—	$460K	$461K	8.5%
U.S. Treasury Notes 345,000 Face Value 1.625% Due 05/15/29	U.S. Treasuries	—	$316K	$308K	5.7%
U.S. Treasury Notes 225,000 Face Value 2.750% Due 02/15/28	U.S. Treasuries	—	$216K	$217K	4.0%
U.S. Treasury Notes 215,000 Face Value 1.625% Due 05/15/26	U.S. Treasuries	—	$207K	$208K	3.8%
Vanguard Mortgage Business Securities 3,080 Shares	Mutual Funds	—	$146K	$140K	2.6%
U.S. Treasury Notes 145,000 Face Value 2.875% Due 08/15/28	U.S. Treasuries	—	$137K	$140K	2.6%
U.S. Treasury Notes 155,000 Face Value 1.875% Due 02/15/32	U.S. Treasuries	—	$130K	$131K	2.4%
U.S. Treasury Notes 140,000 Face Value 2.375% Due 05/15/29	U.S. Treasuries	—	$131K	$129K	2.4%
U.S. Treasury Notes 130,000 Face Value 1.625% Due 11/30/26	U.S. Treasuries	—	$119K	$124K	2.3%
U.S. Treasury Notes 145,000 Face Value 0.625% Due 05/15/30	U.S. Treasuries	—	$118K	$119K	2.2%
U.S. Treasury Notes 95,000 Face Value 4.375% Due 05/15/34	U.S. Treasuries	—	$96K	$94K	1.7%
Short Term Obligations Fidelity Government Port Ins Fund 2642 90,986 Face Value	Other securities	—	$91K	$91K	1.7%
U.S. Treasury Notes 75,000 Face Value 1.500% Due 02/15/30	U.S. Treasuries	—	$72K	$66K	1.2%
U.S. Treasury Notes 45,000 Face Value 3.875% Due 08/15/33	U.S. Treasuries	—	$44K	$43K	0.8%
U.S. Treasury Notes 45,000 Face Value 1.750% Due 11/15/29	U.S. Treasuries	—	$40K	$40K	0.7%
U.S. Treasury Notes 40,000 Face Value 2.000% Due 11/15/26	U.S. Treasuries	—	$38K	$38K	0.7%
U.S. Treasury Notes 40,000 Face Value 1.125% Due 02/15/31	U.S. Treasuries	—	$33K	$33K	0.6%
FNMA Pool BV7928 32,585 Face Value 4.500% Due 08/01/52	Agency / Mortgage-Backed	—	$32K	$31K	0.6%
Morgan Stanley 30,000 Face Value Variable Due 01/24/29	Other securities	—	$28K	$29K	0.5%
U.S. Treasury Notes 25,000 Face Value 3.125% Due 11/15/28	U.S. Treasuries	—	$24K	$24K	0.4%
U.S. Treasury Notes 25,000 Face Value 1.500% Due 01/31/27	U.S. Treasuries	—	$23K	$24K	0.4%
JP Morgan Chase & Company 25,000 Face Value Variable Due 04/22/31	Other securities	—	$22K	$22K	0.4%
Ameriprise Financial Inc. 20,000 Face Value 5.700% Due 12/15/28	Bonds / Notes	—	$20K	$21K	0.4%
FHLMC Pool SD8268 20,653 Face Value 5.500% Due 11/01/52	Agency / Mortgage-Backed	—	$21K	$20K	0.4%
Toyota Motor Credit Corporation 20,000 Face Value 4.650% Due 01/05/29	Bonds / Notes	—	$20K	$20K	0.4%
Canadian Imperial Bank 20,000 Face Value 5.001% Due 04/28/28	Bonds / Notes	—	$20K	$20K	0.4%
CNH Equipment Trust 20,000 Face VAlue 4.810% Due 08/15/28	Bonds / Notes	—	$20K	$20K	0.4%
Bank of Nova Scotia 20,000 Face Value Variable Due 09/08/28	Other securities	—	$20K	$20K	0.4%
Florida Power and Light Company 20,000 Face Value 4.625% Due 05/15/30	Bonds / Notes	—	$20K	$20K	0.4%
Royal Bank of Canada 20,000 Face Value 5.000% Due 05/02/33	Bonds / Notes	—	$20K	$20K	0.4%
American Express Credit 20,000 Face Value 3.300% Due 05/03/27	Bonds / Notes	—	$19K	$19K	0.4%
AAvalonbay Communities 20,000 Face Value 4.450% Due 09/09/34	Bonds / Notes	—	$19K	$19K	0.4%
Caterpillar, Inc. 20,000 Face Value 2.600% Due 09/19/29	Bonds / Notes	—	$19K	$18K	0.3%
Bank of America Corporation 20,000 Face ValueVariable Due 06/14/29	Common Stock	—	$18K	$18K	0.3%
GM Financial Securitized Term 2022 17,866 Face Value 3.640% Due 04/16/27	Bonds / Notes	—	$18K	$18K	0.3%
Amazon.com, Inc. 20,000 Face Value 2.100% Due 05/12/31	Bonds / Notes	—	$20K	$17K	0.3%
Duke Energy Progress LLC 20,000 Face Value 2.000% Due 08/15/31	Bonds / Notes	—	$18K	$17K	0.3%
FNMA Pool MA3664 17,588 Face Value 4.000% Due 05/01/49	Agency / Mortgage-Backed	—	$16K	$16K	0.3%
FNMA Pool CB4847 16,247 Face Value 5.500% Due 10/01/52	Agency / Mortgage-Backed	—	$16K	$16K	0.3%
FNMA Pool MA4785 16,439 Face Value 5.000% Due 10/01/52	Agency / Mortgage-Backed	—	$16K	$16K	0.3%
Bristol Myers Squibb Company 15,000 Face Value 5.750% Due 02/01/31	Bonds / Notes	—	$15K	$16K	0.3%
Toronto-Dominion Bank 15,000 Face Value 1.450% Due 01/10/25	Bonds / Notes	—	$15K	$16K	0.3%
JP Morgan Chase & Company 15,000 Face Value Variable Due 07/24/29	Other securities	—	$15K	$15K	0.3%
JP Morgan Chase & Company 15,000 Face Value Variable Due 07/22/28	Other securities	—	$15K	$15K	0.3%
Cisco Systewms, Inc. 15,000 Face Value 4.850% Due 02/26/29	Bonds / Notes	—	$15K	$15K	0.3%
Verizon Master Trust Series 2024 15,000 Face Value 5.340% Due 04/22/30	Bonds / Notes	—	$15K	$15K	0.3%
State Street Corporation 15,000 Face Value Variable Due 11/04/26	Common Stock	—	$15K	$15K	0.3%
Comcast Corporation 15,000 Face Value 5.000% Due 06/01/29	Bonds / Notes	—	$15K	$15K	0.3%
Honda Auto Receivables 15,000 Face Value 4.660% Due 11/15/27	Bonds / Notes	—	$15K	$15K	0.3%