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Original filing (PDF)20251014152051NAL0006556466001
OPERATING ENGINEERS LOCAL 428 PENSION TRUST
Form 5500
FILING_RECEIVED
OPERATING ENGINEERS LOCAL 428 PENSION TRUST
Defined-benefit pension plan
Signals · 3
64% in single holding~161 bps in Sched C fees10 service providers
Active participants
—
Accounts w/ balance
—
Plan assets (EOY)
$16.7M
Net assets (EOY)
$16.6M
How this plan invests
This plan
4 pooled trusts
Schedule D
2 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
82
/ 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
75
Participation health
90
Knocking points off
- Top holding "[DFE: PANAGORA RISK PARITY MULTI-ASSET (no filing on disk)]" is 64% of plan.
- 161 bps in Schedule C fees — 455% above peer band of 29 bps.
- Plan is frozen (1I) — no new benefit accrual.
- No active participants reported but plan still holds assets.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for OPERATING ENGINEERS LOCAL 428 PENSION TRUST.
Plan sponsor
Name
OPERATING ENGINEERS LOCAL 428 PENSION TRUST
EIN
86-6025732
Address
2550 W UNION HILLS DR STE 290 · PHOENIX, AZ · 850275198
Phone
(602) 249-3582
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
2025-10-14
Pension benefit codes
1I · Frozen plan — no new benefit accrual
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
BALDWIN MOFFITT BEHM LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
10 rowsOther
10| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SOUTHWEST SERVICE ADMINISTRATORS | 86-0785279 | — | NONE OTHER THAN CONTRACT | $58K | — |
| THE SEGAL COMPANY | 94-1503999 | — | NONE OTHER THAN CONTRACT | $57K | — |
| VERUS ADVISORS, INC | 91-1320111 | — | NONE OTHER THAN CONTRACT | $54K | — |
| SPENCER FANE LLP | — | PHOENIX, AZ | NONE | $29K | — |
| BALDWIN MOFFITT BEHM LLP | 46-4370753 | — | NONE OTHER THAN CONTRACT | $27K | — |
| PNC BANK | 22-1146430 | — | NONE OTHER THAN CONTRACT | $12K | — |
| JP MORGAN ASSET MANAGEMENT | 13-6038770 | — | NONE OTHER THAN CONTRACT | $10K | — |
| WESTERN ASSET MANAGEMENT | 95-2705767 | — | NONE OTHER THAN CONTRACT | $9K | — |
| PANAGORA ASSET MANAGEMENT | — | BOSTON, MA | NONE OTHER THAN CONTRACT | $7K | — |
| WEINBERG, ROGER & ROSENFELD | — | LOS ANGELES, CA | NONE OTHER THAN CONTRACT | $5K | — |
Investments
4 pooled funds· $2.6M(15% 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.
103-12 Investment Entity
$1.6M
2 holdings
Common Collective Trust
$939K
2 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| PANAGORA RISK PARITY MULTI-ASSET PANAGORA ASSET MANAGEMENT · EIN 04-3183235 / PN 001 | 103-12 Investment Entity | — | — | $1.6M | 9.8% | |
| JP MORGAN STRATEGIC PROPERTY FUND JP MORGAN CHASE BANK · EIN 13-6038770 / PN 001 | Common Collective Trust | — | — | $939K | 5.6% | |
| LSV INTERNATIONAL ACWI EX-US VALUE RELIANCE TRUST COMPANY · EIN 90-6169542 / PN 004 | Common Collective Trust | — | — | $0 | <0.1% | |
| WESTERN ASSET US CORE PLUS, L.L.C. WESTERN ASSET MANAGEMENT COMPANY · EIN 20-1575792 / PN 001 | 103-12 Investment Entity | — | — | $0 | <0.1% |