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Original filing (PDF)20251005152805NAL0004839824001
NORTHERN CALIFORNIA SHEET METAL WORKERS HEALTH CARE PLAN
Form 5500
FILING_RECEIVED
NORTHERN CALIFORNIA SHEET METAL WORKERS HEALTH CARE PLAN
Health & welfare plan
Signals · 3
~406 bps in Sched C feesNo recordkeeper disclosed15 service providers
Active participants
996
Accounts w/ balance
—
Plan assets (EOY)
$43.8M
Net assets (EOY)
$41.2M
How this plan invests
This plan
22 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 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
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 406 bps in Schedule C fees — 1300% 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 NORTHERN CALIFORNIA SHEET METAL WORKERS HEALTH CARE PLAN.
Plan sponsor
Name
NORTHERN CALIFORNIA SHEET METAL WORKERS HEALTH CARE PLAN
EIN
77-6113549
Address
P.O. BOX 1677 · SAN RAMON, CA · 94583
Phone
(925) 208-9992
Industry
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
2025-10-05
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4L · Death Benefits (other than life insurance)
4Q · Other
Audit & trust (Schedule H)
Auditor
WITHUMSMITH+BROWN, PC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
15 rowsOther
15| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BENESYS, INC. | 38-2383171 | — | NONE | $985K | — |
| CALIFORNIA PHYSICIANS' SERVICE | 94-0360524 | — | NONE | $220K | — |
| DELTA DENTAL | 94-1461312 | — | NONE | $105K | — |
| NORTHWEST PLAN SERVICES | 91-2090931 | — | NONE | $96K | — |
| BEESON, TAYER AND BODINE | 94-3126136 | — | NONE | $87K | — |
| OPTUMRX, INC | 33-0441200 | — | NONE | $63K | — |
| MEDICARE PART D ADVISORS | 85-3689655 | — | NONE | $52K | — |
| WITHUMSMITH+BROWN, PC | 22-2027092 | — | NONE | $49K | — |
| TARP | 94-2875955 | — | NONE | $32K | — |
| MAMMINI COMPANY | 47-0879697 | — | NONE | $28K | — |
| HEALTHLINX, LLC | 87-0660214 | — | NONE | $22K | — |
| IRON MOUNTAIN | 04-3038590 | — | NONE | $20K | — |
| SMART SOURCE | 30-0830429 | — | NONE | $15K | — |
| COMMONWEALTH EQUITY SERVICES | 04-2675571 | — | NONE | $6K | — |
| MARSH & MCLENNAN AGENCY | 36-1436000 | — | NONE | $0 | — |
Investments
21 direct securities· $41.0M(93% of reported assets)
Uncategorized
$40.4M
20 holdings
Mutual Funds
$568K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Fidelity US Bond Index Fund | — | — | $4.5M | $4.5M | 10.4% | |
| Fidelity Government Money Market Premium Class | — | — | $4.1M | $4.1M | 9.3% | |
| Advisory Retirement Sweep Program N/A | — | — | $3.5M | $3.5M | 8.0% | |
| Fidelity Govt Money Market Premium Cl N/A | — | — | $3.5M | $3.5M | 8.0% | |
| Interest-bearing Cash Union Bank of California Checking account: 1.33% - 1.35% interest | — | — | $3.4M | $3.4M | 7.8% | |
| Vanguard Federal Reserve Money Market Investor CL | — | — | $3.2M | $3.2M | 7.4% | |
| PGIM Short Duration Multi Section Bond Class Z | — | — | $3.1M | $3.2M | 7.2% | |
| Fidelity 500 Index Fund Admiral Shares | — | — | $2.0M | $2.6M | 5.8% | |
| PIMCO Income Fund Institutional Fund | — | — | $2.4M | $2.3M | 5.2% | |
| Pioneer Bond Fund Class Y | — | — | $2.4M | $2.3M | 5.2% | |
| American Century Short Duration I | — | — | $1.4M | $1.4M | 3.1% | |
| Vanguard Federal Reserve Money Market Investor CL | — | — | $1.3M | $1.3M | 3.1% | |
| FIMM Government Portfolio, Class I | — | — | $1.0M | $1.0M | 2.4% | |
| Union Bank of California Checking account: 1.33% - 1.35% interest | — | — | $964K | $964K | 2.2% | |
| Fidelity Contrafund | — | — | $620K | $705K | 1.6% | |
| JPMorgan Equity Income Fund Class I | — | — | $588K | $686K | 1.6% | |
| Artisan International Value Fund Institutional | Mutual Funds | — | $623K | $568K | 1.3% | |
| Fidelity Government Money Market Premium Class | — | — | $522K | $522K | 1.2% | |
| Vanguard Small Cap Index Fund Admiral Shares | — | — | $267K | $463K | 1.1% | |
| Fidelity International Index Fund | — | — | $449K | $454K | 1.0% | |
| Goldman Sachs GQG Partners International Opp I | — | — | $397K | $344K | 0.8% |