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Original filing (PDF)20251015222534NAL0002924291001

BOARD OF TRUSTEES, DESERT STATES EMPLOYERS & UFCW

Form 5500
FILING_RECEIVED
DESERT STATES EMPLOYERS & UFCW UNIONS PENSION PLAN
Defined-benefit pension plan
Signals · 2
No recordkeeper disclosed22 service providers
Active participants
24,360
Accounts w/ balance
0
Plan assets (EOY)
$1.0B
Net assets (EOY)
$1.0B
How this plan invests
This plan
16 pooled trusts
Schedule D
427 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
  • 44 bps in Schedule C fees — 787% above peer band of 5 bps.
  • No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES, DESERT STATES EMPLOYERS & UFCW.
Plan sponsor
Name
BOARD OF TRUSTEES, DESERT STATES EMPLOYERS & UFCW
DBA
UNIONS PENSION PLAN
EIN
84-6277982
Address
2550 W UNION HILLS DR STE 290 · PHOENIX, AZ · 85027
Phone
(602) 324-0545
Industry
Supermarkets & Other Grocery Stores· Retail Tradesee all
Plan administrator
Name
SAME
EIN
84-6277982
City
PHOENIX, AZ
Phone
(602) 324-0545
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
MILLER KAPLAN ARASE LLP
Trustee / custodian
Trustee phone

Service providers (Schedule C)

22 rows
Other
22
NameEINLocationRelationDirect compIndirect comp
SOUTHWEST SERVICE ADMINISTRATORS86-0785790NONE$912K
NEW ENGLAND PENSION CONSULTANTS04-2927339NONE$646K
THE NORTHERN TRUST BANK39-1561860NONE$460K
BNY MELLON13-5673135NONE$348K
ULLICO INVESTMENT ADVISORS INC52-6435649NONE$267K
THE SEGAL COMPANY94-1503999NONE$217K
MILLER KAPLAN ARASE LLP95-2036255NONE$213K
HORIZON ACTUARIAL SERVICES, LLCIRVINE, CANONE$203K
WEDGE CAPITAL MANAGEMENT81-6507188NONE$189K
JP MORGAN ASSET MANAGEMENT13-3200244NONE$172K
LSV23-2772200NONE$142K
FOUNDRY MICROCAP46-1184506NONE$129K
LETTERSTREAMSCOTTSDALE, AZNONE$117K
PARAMETRIC PORTFOLIO ASSOCIATES LLC20-0292745NONE$100K
PRUDENTIAL INSURANCE CO22-1211670NONE$88K
LORD ABBETT & CO. LLC13-5620131NONE$85K
NATIONAL INVT SVCS OF AMERICA LLC84-3937993NONE$78K
REINHART BOERNER VAN DUREN S.C.39-1126909NONE$73K
CAPITAL TRUST FINANCIAL ADVISORS26-0058143NONE$70K
ULLICO SEPARATE ACCOUNT J13-1423090NONE$60K
MCCRACKEN STEMERMAN & HOLSBERRY, LL94-1709555NONE$24K
FRSECUREEDINA, MNNONE$8K

Investments

409 direct securities · 16 pooled funds· $1.0B(97% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Uncategorized
$658.7M
407 holdings
Common Collective Trust
$232.6M
12 holdings
103-12 Investment Entity
$97.6M
2 holdings
Pooled Separate Account
$20.8M
2 holdings
Real Estate
$766K
2 holdings
PIInvestmentTypeShares / unitsCostCurrent value% of plan
BNY MELLON AFL-CIO SL STOCK INDX FD
THE BANK OF NEW YORK MELLON · EIN 25-6078093 / PN 340
Common Collective Trust
5,807,623$96.0M$115.3M11.1%
NCS GROUP TRUST GLOBAL FUND
BNY MELLON · EIN 76-6192146 / PN 003
103-12 Investment Entity
918,849$39.7M$63.5M6.1%
EMERGING MARKETS EQUITY SERIES
RBC GLOBAL ASSET MANAGEMENT (U.S.) INC. · EIN 47-4883422 / PN 001
103-12 Investment Entity
$29.0M$34.1M3.3%
HGK Trinity Street International Equity Fund, L.P.$7.5M$29.4M2.8%
ARTISAN GLOBAL OPPORTUNITIES TRUST
SEI TRUST COMPANY · EIN 26-3653822 / PN 021
Common Collective Trust
610,319$6.5M$25.4M2.5%
KLCP Offshore Fund, L.P.$16.0M$24.6M2.4%
AMG TimesSquare Small Cap Growth Fund Class Z1,798,435$24.4M$23.5M2.3%
WEDGE SMALL CAP VALUE CIT
COMERICA BANK & TRUST, N.A. · EIN 81-6507188 / PN 001
Common Collective Trust
1,174,638$19.0M$23.4M2.3%
Schroder Taft-Hartley Income Fund, L.P.$19.4M$22.4M2.2%
MGG SF Evergreen Fund (Cayman) LP$18.2M$22.4M2.2%
RAINIER INTERNATIONAL SMALL CAP
RAINIER MULTIPLE INVESTMENT TRUST · EIN 27-2402927 / PN 042
Common Collective Trust
803,692$11.9M$19.3M1.9%
Crescent Capital High Income Fund B, L.P.$5.0M$18.2M1.8%
Ullico Infrastructure Tax-Exempt Fund L.P.$14.3M$17.5M1.7%
Grosvenor Special Opportunities Fund, Ltd Net 175 Series 07.01.201914,000$14.0M$16.4M1.6%
CVI Credit Value Fund V L.P$16.9M$16.2M1.6%
Kayne Anderson Real Estate Partners VI, L.P.$12.9M$15.5M1.5%
NIS CORE FIXED INCOME QP FUND LLC
NATIONAL INVESTMENT SERVICES · EIN 82-4028492 / PN 001
Common Collective Trust
1,359$14.7M$15.1M1.5%
Park Square Capital Credit Opportunities III (USD), L.P. Inc.$12.3M$14.9M1.4%
Labor Impact Feeder Fund, L.P.$11.8M$14.4M1.4%
Grosvenor Special Opportunities Fund, Ltd Net 175 Series 04.01.201812,719$12.7M$14.3M1.4%
U.S. Real Estate Investment Fund, LLC$9.5M$13.9M1.3%
CRESCENT CAPITAL COLLECTIVE INVESTM
GLOBAL TRUST COMPANY · EIN 32-6471303 / PN 005
Common Collective Trust
$13.4M$13.6M1.3%
KLCP Offshore Fund III LP$10.7M$13.1M1.3%
Short-Intermediate U.S. Government Fund12,283,979$12.3M1.2%
Dawson Portfolio Finance 4 LP$9.0M$11.9M1.1%
SEPARATE ACCOUNT J
THE UNION LABOR LIFE INSURANCE COMPANY · EIN 13-1423090 / PN 203
Pooled Separate Account
597,995$7.3M$11.2M1.1%
Duration TICP Feeder 2 (Cayman) LP$10.2M$11.1M1.1%
McMorgan Infrastructure Fund I, L.P.$6.7M$10.9M1.1%
Orchard Landmark LP, Class A Unrestricted - 11/20134,997$8.6M$10.8M1.0%
Partners for Growth VI, L.P.$7.7M$10.2M1.0%
Orchard Landmark LP, Class A Unrestricted - 12/2016-77,495$8.3M$10.0M1.0%
JPMCB SPECIAL SITUATION PROPERTY FD
JP MORGAN CHASE BANK NA · EIN 13-3980309 / PN 001
Common Collective Trust
1,083,924$7.3M$9.9M0.9%
PRISA SEPARATE ACCOUNT
PRUDENTIAL INSURANCE CO. OF AMERICA · EIN 22-1211670 / PN 038
Pooled Separate Account
123$9.1M$9.6M0.9%
WCP SCP III L.P.$7.6M$8.8M0.8%
Raintree Credit Opportunity Fund Ltd Class C10,000$10.0M$8.5M0.8%
VWH Offshore Fund III, L.P.$5.3M$8.4M0.8%
Raintree Credit Opportunity Fund Ltd Class A10,000$10.0M$8.4M0.8%
Thoma Bravo Fund XV$6.0M$8.1M0.8%
AACP Tax-Exempt Investors V (ERISA), L.P.$6.6M$7.8M0.8%
Trive Capital Fund III, L.P.$3.6M$7.8M0.7%
CVI Credit Value Fund IV, L.P.$8.1M$7.4M0.7%
Dawson Portfolio Finance 5 LP$6.2M$7.4M0.7%
JPMCB STRATEGIC PROPERTY FD
JP MORGAN CHASE BANK NA · EIN 13-6038770 / PN 001
Common Collective Trust
$6.9M0.7%
JPMCB Strategic Property Fund616,594$5.5M$6.8M0.7%
BPEA Strategic Healthcare I-B, L.P.$5.1M$6.7M0.6%
American Sercuities Partners VIII, L.P.$2.6M$6.6M0.6%
Kayne Anderson Real Estate Partners V, L.P.$7.7M$6.4M0.6%
Mesirow Financial Real Estate Value Fund III, L.P.$4.1M$6.2M0.6%
Blue Wolf Capital Fund IV, L.P. and Alternative Investment Vehicles$3.8M$6.0M0.6%
VWH Offshore Fund, L.P.$3.1M$6.0M0.6%
AACP Tax-Exempt Investors IV, L.P.$4.0M$5.9M0.6%
GCM Grosvenor Infrastructure Advantagefeeder Fund II LP$5.7M$5.4M0.5%
CVC Capital Partners VII (A), L.P.$3.4M$5.3M0.5%
Star America Infrustructure Fund II$7.1M$5.0M0.5%
Industry Ventures Partnership Holdings V, L.P.$2.8M$4.7M0.5%
Grosvenor Special Opportunities Fund, Ltd Liquidating Sleeve 8 04.01.20184,876$4.9M$4.6M0.4%
Alcentra European Credit Opportunities Fund II, L.P.$5.6M$4.4M0.4%
Blue Wolf Capital Fund V, L.P. and Alternative Investment Vehicles$3.9M$4.2M0.4%
Marlin Equity V-A, L.P.$2.5M$4.0M0.4%
Apogem Heritage Fund VI L.P.$2.5M$3.8M0.4%
Thoma Bravo Fund XIII$2.7M$3.8M0.4%
Partners Group Direct Equity 2016 USD C LP$2.3M$3.7M0.4%
Tiger Infrastructure Partners Fund III L.P.$2.9M$3.6M0.3%
Vista Equity Partners VI, L.P.$2.5M$3.5M0.3%
Industry Ventures Partnership Holdings VI, L.P.$3.3M$3.5M0.3%
Orchard Landmark LP, Class A Unrestricted - 09/2016-22,498$2.9M$3.5M0.3%
AEA Investors SBF IV LP$2.9M$3.4M0.3%
Thoma Bravo Fund XIV$2.8M$3.3M0.3%
Trive Capital Fund IV, L.P.$2.4M$3.3M0.3%
BPEA Strategic Helathcare II, LP$2.7M$3.2M0.3%
Grosvenor Special Opportunities Fund, Ltd Net 175 Series 04.01.20192,683$2.7M$3.2M0.3%
CVC Capital Partners VIII (A) L.P.$2.8M$3.1M0.3%
Riverstone Credit Partners II - Direct, L.P.$4.4M$3.0M0.3%
Mill Point Capital Partners II L.P.$2.2M$2.9M0.3%
SK Capital Partners V-A, L.P.$2.5M$2.9M0.3%
Private Advisors Small Company Coinvestment Fund, L.P.$1.8M$2.7M0.3%
Newbury Equity Partners V, L.P.$2.1M$2.5M0.2%
Mesirow Financial Private Equity Partnership Fund V, L.P.$8K$2.4M0.2%
KPS Special Situations Fund V, L.P.$1.8M$2.3M0.2%
EnTrust Special Opportunities Fund III Ltd. (Class A)$2.2M$2.1M0.2%
Windrose Health Investors IV, L.P.$1$1.9M0.2%
Unicorn Partners Fund IV L.P.$1.8M$1.9M0.2%
AACP Tax-Exempt Investors VI (ERISA), L.P.$1.7M$1.9M0.2%
AEA Investors Small Business Fund III, L.P.$798K$1.7M0.2%
Industry Ventures Partnership Holdings IV, L.P.$819K$1.6M0.2%
Schroders Capital Taft-Hartley Ventures S.C.S.$1.4M$1.5M0.1%
Sixth Street Opportunities Partners III, L.P.$1.8M$1.5M0.1%
Kayne Anderson Energy Fund VII, L.P.$2.7M$1.4M0.1%
Littlejohn Fund V, L.P.$1.1M$1.4M0.1%
Vista Equity Partners V, L.P.$1.4M$1.4M0.1%
NIS PREFERRED STOCK QPFUND LLC
NATIONAL INVESTMENT SERVICES · EIN 82-4034866 / PN 001
Common Collective Trust
103$1.2M$1.4M0.1%
Mesirow Financial Real Estate Value Fund V, L.P.$1.4M$1.3M0.1%
NIS TOTAL ABSOLUTE RETURN QP FUND L
NATIONAL INVESTMENT SERVICES · EIN 82-4069919 / PN 001
Common Collective Trust
97$1.1M$1.3M0.1%
Blue Wolf Capital Fund III, L.P. and Alternative Investment Vehicles$1$1.0M0.1%
RCP II N Strategic Credit Partners, L.P.$1.2M$993K<0.1%
NIS HIGH YIELD QP FUND LLC
NATIONAL INVESTMENT SERVICES · EIN 82-4051841 / PN 001
Common Collective Trust
70$827K$982K<0.1%
Vista Foundation Fund II, L.P.$1.2M$807K<0.1%
KPS Special Situations Fund IV, L.P.$1.6M$783K<0.1%
Marlin Heritage II-A, L.P.$607K$740K<0.1%
Grosvenor Special Opportunities Fund, Ltd Net 175 Series 07.01.2018610$610K$704K<0.1%
KPS Special Situations Fund VI, L.P.$627K$612K<0.1%
Industry Ventures Secondary VIII, L.P.$518K$592K<0.1%
Landmark Equity Partners XV, L.P.$1$579K<0.1%
Asia Alternatives Delaware IV, L.P.$689K$554K<0.1%
Mill Point Capital Partners III L.P.$642K$547K<0.1%
AT&T Inc.20,900$391K$476K<0.1%
International Partnership Fund I, L.P.
Real Estate
$7.7M$469K<0.1%
The Bank of New York Mellon Corp.6,100$310K$469K<0.1%
Shoreline China Value III, L.P.$368K$458K<0.1%
Wells Fargo & Co.6,500$299K$457K<0.1%
Qualcomm Inc.2,900$432K$445K<0.1%
Merck & Co., Inc.4,100$327K$408K<0.1%
Comcast Corp.10,600$412K$398K<0.1%
NRG Energy Inc.4,400$174K$397K<0.1%
Bristol-Myers Squibb Co.7,000$491K$396K<0.1%
State Street Corp.4,000$324K$393K<0.1%
Kroger Company6,400$247K$391K<0.1%
EnTrust Capital Diversified Fund QP Ltd. (Class Option 1, Series 01/01/2019)6,445$569K$388K<0.1%
eBay Inc.6,100$375K$378K<0.1%
Johnson & Johnson2,600$416K$376K<0.1%
Altria Group Inc.7,000$331K$366K<0.1%
CRA International Inc.1,932$293K$362K<0.1%
Tarsus Pharmaceuticals Inc6,497$224K$360K<0.1%
Primoris Services Corp.4,702$162K$359K<0.1%
Imax Corp.13,892$262K$356K<0.1%
Cisco Systems Inc.6,000$260K$355K<0.1%
Asia Alternatives Delaware V (ERISA), L.P.$366K$352K<0.1%
General Motors Co.6,600$328K$352K<0.1%
Gilead Sciences Inc.3,800$231K$351K<0.1%
The Hartford Financial Services Group Inc.3,162$199K$346K<0.1%
Verizon Communications Inc.8,600$473K$344K<0.1%
Citigroup Inc.4,861$345K$342K<0.1%
Natural Grocers By Vitamin Cottage Inc.8,537$163K$339K<0.1%
Exxon Mobil Corp.3,100$262K$333K<0.1%
Cummins Inc.900$203K$314K<0.1%
HP Inc.9,400$290K$307K<0.1%
Toll Brothers Inc.2,400$132K$302K<0.1%
Domestic Partnership Fund I, L.P.
Real Estate
$42K$298K<0.1%
Lockheed Martin Corp.600$256K$292K<0.1%
The Goldman Sachs Group Inc.500$188K$286K<0.1%
FedEx Corp.1,000$261K$281K<0.1%
Conocophilips2,798$297K$277K<0.1%
American International Group Inc.3,800$237K$277K<0.1%
Universal Technical Institute, Inc10,653$185K$274K<0.1%
Dell Technologies Inc.2,300$115K$265K<0.1%
Molson Coors Beverage Company4,600$244K$264K<0.1%
Agilysys Inc.1,971$154K$260K<0.1%
Whitestone18,250$202K$259K<0.1%
Northwest Pipe Co.5,270$176K$254K<0.1%
Healthcare Services Group Inc21,550$268K$250K<0.1%
Cellebrite DI Ltd11,331$165K$250K<0.1%
Scholar Rock Holding Corp5,752$165K$249K<0.1%
Independent Bank Corp.7,130$155K$248K<0.1%
Paypal Holdings Inc.2,900$197K$248K<0.1%
Federal Agricultural Mortgage Corp.1,255$143K$247K<0.1%
Fox Corp.5,060$176K$246K<0.1%
Alkami Technology Inc.6,688$130K$245K<0.1%
Crescent Mezzanine Partners VI, L.P.$852K$243K<0.1%
Dime Community Bancshares Inc.7,775$218K$239K<0.1%
VSE Corp2,509$210K$239K<0.1%
Meta Platforms Inc.400$59K$234K<0.1%
Covenant Logistics Group, Inc.4,275$205K$233K<0.1%
Northeast Bancorp2,520$107K$231K<0.1%
Jabil Inc.1,600$99K$230K<0.1%
Barrett Business Services, Inc.5,290$121K$230K<0.1%
Textron Inc3,000$217K$229K<0.1%
Grid Dynamics Holdings Inc.10,298$147K$229K<0.1%
Pfizer Inc.8,600$378K$228K<0.1%
Applied Materials Inc.1,400$191K$228K<0.1%
Core Scientific, Inc16,099$236K$226K<0.1%
Global Ship Lease Inc.10,245$196K$224K<0.1%
Benchmark Electrics Inc.4,915$136K$223K<0.1%
Columbus Mckinnon Corp.5,985$213K$223K<0.1%
The Cigna Group800$192K$221K<0.1%
Mesirow Financial Private Equity Partnership Fund IV, L.P.$121K$221K<0.1%
Ryder System Inc.1,400$117K$220K<0.1%
Alliance Fund II, L.P.$117K$218K<0.1%
Ranger Energy Services Inc.14,098$168K$218K<0.1%
Kayne Anderson Energy Fund VI, L.P.$2.0M$218K<0.1%
Xometry5,090$157K$217K<0.1%
Paymentus Holdings Inc.6,637$103K$217K<0.1%
Weave Communications Inc.13,543$154K$216K<0.1%
CVS Health Corp.4,800$389K$215K<0.1%
Ducommun Inc.3,382$162K$215K<0.1%
Grindr Inc12,004$150K$214K<0.1%
The Kraft Heinz Co6,955$267K$214K<0.1%
Ameriprise Financial Inc.400$111K$213K<0.1%
Kratos Defense & Security Solutions Inc8,019$157K$212K<0.1%
HCA Healthcare Inc.700$172K$210K<0.1%
Janux Therapeutics Inc3,906$195K$209K<0.1%
Vera Therapeutics Inc4,869$182K$206K<0.1%
Vita Coco Company, Inc.5,558$161K$205K<0.1%
Magic Investment Corp.8,600$144K$204K<0.1%
GeneDx Holdings Corp.2,651$160K$204K<0.1%
Snap-On Inc600$147K$204K<0.1%
Willdan Group Inc5,324$188K$203K<0.1%
Standard Motor Products Inc.6,540$244K$203K<0.1%
OneSpaWorld Holdings Limited10,130$162K$202K<0.1%
Osi Systems Inc.1,194$119K$200K<0.1%
The Chefs' Warehouse, Inc.4,033$159K$199K<0.1%
Showing top 200 of 425 investments by value.