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Original filing (PDF)20260117060820NAL0021079363001
BOARD OF TRUSTEES, TEXAS IRON WORKERS' HEALTH BENEFIT FUND
Form 5500
FILING_RECEIVED
TEXAS IRON WORKERS' HEALTH BENEFIT FUND
Health & welfare plan
Signals · 4
58% in single holding~210 bps in Sched C feesNo recordkeeper disclosed6 service providers
Active participants
1,635
Accounts w/ balance
—
Plan assets (EOY)
$29.9M
Net assets (EOY)
$26.4M
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 (directional)
84
/ 100
Grade B
Above-average plan
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
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "US BANK - ACCT 1050989630 CASH EQUIVALENTS FIRST AMER" is 58% of plan.
- 210 bps in Schedule C fees — 625% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES, TEXAS IRON WORKERS' HEALTH BENEFIT FUND.
Plan sponsor
Name
BOARD OF TRUSTEES, TEXAS IRON WORKERS' HEALTH BENEFIT FUND
DBA
TEXAS IRON WORKERS' HEALTH BENEFIT FUND
EIN
74-6038639
Address
1600 HIGHWAY 6 SOUTH, SUITE 340 · SUGAR LAND, TX · 77478
Phone
(713) 219-1200
Industry
Finance & Insurancesee 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
2026-01-17
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4C · Supplemental Unemployment
4D · Dental
4F · Temporary Disability (accident and sickness)
Audit & trust (Schedule H)
Auditor
EDWARDS AND LEATHERS, P.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
6 rowsAccountant / Auditor
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| HARPER & PEARSON | 74-1695589 | — | PAYROLL AUDITOR | $16K | — |
| EDWARDS AND LEATHERS, P.C. | 20-8739519 | — | AUDITOR | $11K | — |
Actuary
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| THE SEGAL COMPANY | 94-1503999 | — | ACTUARY | $69K | — |
Legal counsel
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CONNER & WINTERS | 73-1388566 | — | ATTORNEY | $33K | — |
Other
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ZENITH-AMERICAN SOLUTIONS | 52-1590516 | — | ADMINISTRATOR | $462K | — |
| BARROW HANLEY | 75-2403190 | — | INVEST. MGR. | $38K | — |
Investments
108 direct securities· $28.3M(95% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| US BANK - ACCT 1050989630 CASH EQUIVALENTS FIRST AMER | — | — | $16.3M | $16.3M | 54.4% | |
| GOVERNMENT ISSUES US TREASURY 4.875% 4/30/2026 | — | — | $1.8M | $1.8M | 6.2% | |
| US TREASURY 4.625% 4/30/2029 | — | — | $1.3M | $1.3M | 4.2% | |
| US TREASURY 0.250% 5/31/2025 | — | — | $1.3M | $1.3M | 4.2% | |
| JPMORGAN CHASE CO 2.956% 5/13/1931 | — | — | $215K | $218K | 0.7% | |
| BANK OF AMERICA MTN 3.974% 2/7/1930 | — | — | $177K | $175K | 0.6% | |
| GENERAL MTRS FINL CO 5.050% 4/4/2028 | — | — | $165K | $165K | 0.6% | |
| MORGAN STANLEY MTN 2.699% 1/22/1931 | — | — | $160K | $163K | 0.5% | |
| ENTERGY CORP | — | — | $94K | $162K | 0.5% | |
| NATIONAL FUEL 4.750% 9/1/2028 | — | — | $147K | $155K | 0.5% | |
| FOREIGN OBLIGATIONS AERCAP IRELAND 3.000% 10/29/2028 | — | — | $144K | $146K | 0.5% | |
| AMGEN INC 5.150% 3/2/2028 | — | — | $140K | $143K | 0.5% | |
| EXXON MOBIL CORP | — | — | $111K | $142K | 0.5% | |
| DUKE ENERGY 4.850% 3/15/1930 | — | — | $140K | $141K | 0.5% | |
| KEURIG DR PEPPER | — | — | $130K | $140K | 0.5% | |
| NATIONAL GRID 5.602% 6/12/2028 | — | — | $135K | $138K | 0.5% | |
| PHILLIP MORRIS INTL | — | — | $85K | $137K | 0.5% | |
| BANK OF AMERICA CORP | — | — | $122K | $129K | 0.4% | |
| XCEL ENERGY INC 4.750% 3/21/2028 | — | — | $125K | $125K | 0.4% | |
| PUBLIC STORAGE 1.500% 11/9/2026 | — | — | $130K | $124K | 0.4% | |
| CARNIVAL CORP | — | — | $98K | $119K | 0.4% | |
| AIR PRODUCS CHEMICALS INC | — | — | $101K | $118K | 0.4% | |
| FIDELITY NATIONAL INFO SERV | — | — | $113K | $112K | 0.4% | |
| UNITEDHEALTH GROUP INC | — | — | $75K | $109K | 0.4% | |
| QUALCOMM INC | — | — | $74K | $108K | 0.4% | |
| SANOFI A D R | — | — | $92K | $105K | 0.4% | |
| JOHNSON CTLS INTL PLC | — | — | $88K | $104K | 0.3% | |
| ENBRIDGE INC 4.250% 12/1/2026 | — | — | $100K | $104K | 0.3% | |
| XCEL ENERGY INC COM | — | — | $93K | $102K | 0.3% | |
| AMERICAN INTERNATIONAL GROUP | — | — | $33K | $102K | 0.3% | |
| CRH PLC | — | — | $65K | $98K | 0.3% | |
| VICI PPTYS INC | — | — | $70K | $98K | 0.3% | |
| PINNACLE WEST CAP CORP | — | — | $75K | $94K | 0.3% | |
| MERCK CO INC | — | — | $81K | $94K | 0.3% | |
| PHILLIPS 66 | — | — | $75K | $94K | 0.3% | |
| LAS VEGAS SANDS CORP | — | — | $117K | $93K | 0.3% | |
| FORD CR AUTO OWNER 4.610% 8/15/2029 | — | — | $90K | $91K | 0.3% | |
| HALIBURTON CO | — | — | $108K | $88K | 0.3% | |
| SYNOPSYS INC SR 4.650% 4/1/2028 | — | — | $85K | $85K | 0.3% | |
| MEDTRONIC PLC | — | — | $78K | $84K | 0.3% | |
| COMCAST CORP CLASS A | — | — | $88K | $83K | 0.3% | |
| PHILIP MORRIS INTL 4.875% 2/13/2026 | — | — | $80K | $80K | 0.3% | |
| SEMPRA 3.300% 4/1/2025 | — | — | $80K | $80K | 0.3% | |
| XCEL ENERGY INC 3.350% 12/1/2026 | — | — | $76K | $78K | 0.3% | |
| AMERICAN EXPRESS CO | — | — | $22K | $78K | 0.3% | |
| VERTIV HOLDINGS LLC LP | — | — | $98K | $78K | 0.3% | |
| VMWARE INC 1.800% 8/15/2028 | — | — | $73K | $77K | 0.3% | |
| ELEVANCE HEALTH INC | — | — | $53K | $77K | 0.3% | |
| PUBLIC STORAGE INC | — | — | $68K | $76K | 0.3% | |
| WELLS FARGO CO | — | — | $35K | $76K | 0.3% | |
| AVANTOR INC | — | — | $105K | $76K | 0.3% | |
| WESTERN ALLIANCE BANCORPORATION | — | — | $89K | $75K | 0.3% | |
| HONDA AUTO 4.570% 9/21/2029 | — | — | $75K | $75K | 0.3% | |
| BMW VEHICLE 4.850% 9/25/2029 | — | — | $75K | $75K | 0.3% | |
| CONSTELLATION BRANDS 5.000% 2/2/2026 | — | — | $75K | $75K | 0.3% | |
| MERCEDES BENZ AUTO 4.230% 2/15/2028 | — | — | $75K | $75K | 0.3% | |
| BP CAP MARKETS 3.410% 2/11/2026 | — | — | $73K | $74K | 0.2% | |
| APTIV PLC COM | — | — | $114K | $73K | 0.2% | |
| FOREIGN STOCKS AXALTA COATING SYSTEMS LTD | — | — | $64K | $68K | 0.2% | |
| ALPHABET INC | — | — | $41K | $66K | 0.2% | |
| JOHN DEERE OWNER 5.420% 5/17/2027 | — | — | $65K | $65K | 0.2% | |
| HUNT J B TRANS SVCS INC | — | — | $50K | $65K | 0.2% | |
| COGNIZANT TECH SOLUTIONS CL A | — | — | $48K | $62K | 0.2% | |
| LENNAR CORP | — | — | $70K | $61K | 0.2% | |
| WYNN RESORTS | — | — | $69K | $59K | 0.2% | |
| BANK OF NOVA SCOTIA | — | — | $59K | $59K | 0.2% | |
| MERCEDES BENZ AUTO 5.440% 2/16/2027 | — | — | $58K | $59K | 0.2% | |
| HESS CORP | — | — | $27K | $59K | 0.2% | |
| FACTSET RESH 2.900% 3/1/2027 | — | — | $60K | $58K | 0.2% | |
| WILLIS TOWERS WATSON PLC LTD | — | — | $35K | $56K | 0.2% | |
| MICROCHIP TECHNOLOGY INC | — | — | $65K | $55K | 0.2% | |
| PERMIAN RESOURCES CORP | — | — | $54K | $52K | 0.2% | |
| US BANK - ACCT 1050989631 CASH EQUIVALENTS FIRST AMER | — | — | $51K | $51K | 0.2% | |
| ELECTRONIC ARTS INC COM | — | — | $42K | $51K | 0.2% | |
| GM FINANCIAL 5.350% 6/16/2027 | — | — | $50K | $51K | 0.2% | |
| ORACLE CORPORATION | — | — | $15K | $50K | 0.2% | |
| WESTERN UN CO SR 1.350% 3/15/2026 | — | — | $50K | $48K | 0.2% | |
| TOYOTA AUTO 4.630% 9/15/2027 | — | — | $47K | $47K | 0.2% | |
| ENERGY TRASFER LP 6.100% 12/1/2028 | — | — | $45K | $47K | 0.2% | |
| PROLOGIS INC COM | — | — | $42K | $44K | 0.1% | |
| BMW VEHICLE 5.990% 9/25/2026 | — | — | $43K | $44K | 0.1% | |
| EVEREST GROUP LTD COM | — | — | $44K | $43K | 0.1% | |
| FORTIVE CORP Wi | — | — | $43K | $41K | 0.1% | |
| US BANK - ACCT 1050989632 CASH EQUIVALENTS FIRST AMER | — | — | $41K | $41K | 0.1% | |
| OGE ENERGY CORP 5.450% 5/15/2029 | — | — | $40K | $41K | 0.1% | |
| DUKE ENERGY PROGRESS 1.561% 7/1/1930 | — | — | $38K | $36K | 0.1% | |
| ENTEGRIS INC | — | — | $43K | $36K | 0.1% | |
| CARMAX AUTO OWNER 5.500% 1/16/2029 | — | — | $35K | $36K | 0.1% | |
| NATIONAL RURAL MTN 3.450% 6/15/2025 | — | — | $35K | $35K | 0.1% | |
| CNH EQUIPMENT 5.420% 10/15/2027 | — | — | $31K | $31K | 0.1% | |
| AMERICREDIT AM 5.890% 2/18/2028 | — | — | $31K | $31K | 0.1% | |
| JACOBS SOLUTIONS INC | — | — | $31K | $31K | 0.1% | |
| GM FINANCIAL 4.660% 2/21/2028 | — | — | $30K | $30K | 0.1% | |
| DOMESTIC COMMON STOCKS AECOM | — | — | $15K | $24K | <0.1% | |
| WORLD OMI AUTO | — | — | $20K | $20K | <0.1% | |
| AMERICREDIT AUTOMOBILE 6.190% 4/19/2027 | — | — | $17K | $17K | <0.1% | |
| JOHN DEERE OWNER TR 3.740% 2/16/2027 | — | — | $16K | $16K | <0.1% | |
| WORLD OMNI SET AUTO 5.790% 2/15/2028 | — | — | $15K | $15K | <0.1% | |
| JOHN DEERE OWNER 2.320% 9/15/2026 | — | — | $11K | $11K | <0.1% | |
| HONDA AUTO REC OWN 1.880% 5/15/2026 | — | — | $8K | $8K | <0.1% | |
| FIFTH THIRD AUTO 6.300% 11/16/2026 | — | — | $8K | $8K | <0.1% | |
| AMERICR ATMBL REC 4.380% 4/18/2028 | — | — | $7K | $7K | <0.1% | |
| CORPORATE OBLIGATIONS ALLY AUTO RECV TR 3.310% 11/16/2026 | — | — | $5K | $5K | <0.1% | |
| BMW VEH OWNER TR 3.210% 8/25/2026 | — | — | $3K | $3K | <0.1% | |
| CNH EQUIPMENT TR 0.810% 12/15/2026 | — | — | $3K | $3K | <0.1% | |
| FORD CREDIT AUTO OWN 1.290% 6/15/2026 | — | — | $3K | $3K | <0.1% | |
| AMERICREDIT AUTO 2.450% 11/18/2026 | — | — | $2K | $2K | <0.1% | |
| VOLKSWAHEN AUTO LN 1.020% 6/22/2026 | — | — | $1K | $1K | <0.1% |