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Original filing (PDF)20251002100930NAL0000248291001
BLUEWATER CONSTRUCTORS, INC.
Form 5500
FILING_RECEIVED
BLUEWATER CONSTRUCTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Defined-contribution retirement plan
Signals · 1
79% in single holding
Active participants
78
Accounts w/ balance
164
Plan assets (EOY)
$30.4M
Net assets (EOY)
$30.0M
How this plan invests
This plan
44 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
95
/ 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
75
Total plan cost
100
Vendor stack
100
Participation health
100
Knocking points off
- Top holding "Bluewater Constructors, Inc. 2,280 common shares, $1 par value" is 79% of plan.
Helping the score
- Below-peer total fees (15 bps vs 29 bps peer median).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BLUEWATER CONSTRUCTORS, INC..
Plan sponsor
Name
BLUEWATER CONSTRUCTORS, INC.
EIN
74-1907870
Address
5337 DOW ROAD · HOUSTON, TX · 770406101
Phone
(713) 462-8525
Industry
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
2025-10-02
Pension benefit codes
2O · ESOP (non-leveraged)
2Q · S-corporation ESOP
3I · Requires investment in employer securities
Audit & trust (Schedule H)
Auditor
MELTON & MELTON, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsAdvisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| OUTLOOK FINANCIAL GROUP | — | THE WOODLANDS, TX | ADVISOR | $20K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MELTON & MELTON, LLP | 74-1550819 | HOUSTON, TX | NONE | $25K | — |
Investments
43 direct securities· $29.7M(98% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Bluewater Constructors, Inc. 2,280 common shares, $1 par value | — | — | $5.7M | $23.6M | 77.9% | |
| maturity January 12, 2025 | — | — | $1.5M | $1.6M | 5.2% | |
| maturity January 12, 2025 | — | — | $1.0M | $1.0M | 3.4% | |
| SPDR TR Portfolio High Yield BD - 12,735 shares | — | — | $288K | $299K | 1.0% | |
| SPDR TR Portfolio S&P 500 - 4,112 shares | — | — | $192K | $283K | 0.9% | |
| SPDR TR Bloomberg Barclays Intermediate Term Corporate Bond - 7,011 shares | — | — | $230K | $230K | 0.8% | |
| JP Morgan Exchange TR Core Plus BD - 4,867 shares | — | — | $224K | $224K | 0.7% | |
| Wisdomtree TR Wisdomtree FLTG Rate Treas FD NEW - 4,338 shares | — | — | $218K | $218K | 0.7% | |
| Flexshares TR IBoxx 5 YR Target Duration TIPS - 7,624 shares | — | — | $179K | $177K | 0.6% | |
| SPDR TR Portfolio S&P 400 Mid Cap - 3,117 shares | — | — | $95K | $170K | 0.6% | |
| Ishares IBOXX USD Invt Grade Corp - 1,519 shares | — | — | $155K | $162K | 0.5% | |
| Dreyfus Money market | — | — | $155K | $155K | 0.5% | |
| Ishares TR Core US Aggregate BD - 2,642 shares | — | — | $134K | $132K | 0.4% | |
| Ishares TR Core MSCI EAFE - 1,690 shares | — | — | $112K | $119K | 0.4% | |
| SPDR TR Portfolio S&P 600 Small Cap - 1,574 shares | — | — | $42K | $71K | 0.2% | |
| per share Agnico Eagle Mines LTD Com 872 common shares | — | — | $47K | $68K | 0.2% | |
| JPMorgan Chase & CO COM 265 common shares | — | — | $36K | $64K | 0.2% | |
| Citigroup Inc. 830 common shares | — | — | $50K | $58K | 0.2% | |
| Black Rock Inc. 56 common shares | — | — | $28K | $57K | 0.2% | |
| Metlife Inc. 677 common shares | — | — | $32K | $55K | 0.2% | |
| Cisco Systems Inc. 860 common shares | — | — | $31K | $51K | 0.2% | |
| International Business Machine Corp 230 common shares | — | — | $30K | $51K | 0.2% | |
| Ishares TR Core MSCI Emerging Markets - 939 shares | — | — | $44K | $49K | 0.2% | |
| Paychex Inc. 348 common shares | — | — | $19K | $49K | 0.2% | |
| Citizens Finl Group Inc. 1,097 common shares | — | — | $29K | $48K | 0.2% | |
| Honeywell Intl Inc. 211 common shares | — | — | $34K | $48K | 0.2% | |
| Analog Devices Inc. 221 common shares | — | — | $17K | $47K | 0.2% | |
| Becton Dickinson & Co Com 202 common shares | — | — | $48K | $46K | 0.2% | |
| Eaton Corp 136 common shares | — | — | $14K | $45K | 0.1% | |
| Procter & Gamble Co. 265 common shares | — | — | $32K | $44K | 0.1% | |
| Nisource Inc Com 1,198 common shares | — | — | $32K | $44K | 0.1% | |
| Coca Cola Co. 702 common shares | — | — | $31K | $44K | 0.1% | |
| JP Morgan Exchange TR Equity Premium Income - 741 shares | — | — | $39K | $43K | 0.1% | |
| Conoco Phillips Com 423 common shares | — | — | $43K | $42K | 0.1% | |
| Verizon Communications Inc. 1,041 common shares | — | — | $52K | $42K | 0.1% | |
| McDonalds Corp 143 common shares | — | — | $19K | $41K | 0.1% | |
| Host Hotel & Resorts Inc Com 2,291 common shares | — | — | $44K | $40K | 0.1% | |
| Chevron Corp 270 common shares | — | — | $31K | $39K | 0.1% | |
| Nextera Energy Inc. 522 common shares | — | — | $29K | $37K | 0.1% | |
| Merck & Co. Inc. 339 common shares | — | — | $22K | $34K | 0.1% | |
| Limited Partnership PMF TEI Fund, L.P. | — | — | $22K | $19K | <0.1% | |
| Amegy Bank of Texas Money market | — | — | $6K | $6K | <0.1% | |
| Fidelity | — | — | — | $5K | <0.1% |
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