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Original filing (PDF)20251014152036NAL0006555906001
OPERATING ENGINEERS LOCAL 428 ANNUITY TRUST FUND
Form 5500
FILING_RECEIVED
OPERATING ENGINEERS LOCAL 428 ANNUITY TRUST FUND
Defined-contribution retirement plan
Signals · 3
58% in single holdingNo recordkeeper disclosed13 service providers
Active participants
8,185
Accounts w/ balance
8,185
Plan assets (EOY)
$313.5M
Net assets (EOY)
$313.3M
How this plan invests
This plan
4 pooled trusts
Schedule D
3 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 "[DFE: THE COLLECTIVE LSV INTERNATIONAL (ACWI EX US) VALUE EQUITY FUND OF THE NORTHERN TR CO SUB-ADVISED COLLECTIVE FUNDS TRUST (extraction pending)]" is 58% of plan.
- 24 bps in Schedule C fees — 139% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for OPERATING ENGINEERS LOCAL 428 ANNUITY TRUST FUND.
Plan sponsor
Name
OPERATING ENGINEERS LOCAL 428 ANNUITY TRUST FUND
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
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Pension benefit codes
2A · Age/service weighted or new comparability
Audit & trust (Schedule H)
Auditor
BALDWIN MOFFITT BEHM LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
13 rowsOther
13| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| JP MORGAN ASSET MANAGEMENT | 13-6038770 | — | NONE OTHER THAN CONTRACT | $125K | — |
| LSV ASSET MANAGEMENT | 23-2772200 | — | NONE OTHER THAN CONTRACT | $110K | — |
| VERUS ADVISORS, INC. | 91-1320111 | — | NONE OTHER THAN CONTRACT | $110K | — |
| WESTERN ASSET MANAGEMENT COMPANY | 95-2705767 | — | NONE OTHER THAN CONTRACT | $105K | — |
| SOUTHWEST SERVICE ADMINISTRATORS | 86-0785790 | — | NONE OTHER THAN CONTRACT | $61K | — |
| SEGAL SELECT INSURANCE BROKERAGE | 46-0619194 | — | NONE OTHER THAN CONTRACT | $60K | — |
| PANAGORA ASSET MANAGEMENT, INC. | — | BOSTON, MA | NONE OTHER THAN CONTRACT | $46K | — |
| SPENCER FANE LLP | — | PHOENIX, AZ | NONE | $32K | — |
| PNC BANK | 22-1146430 | — | NONE OTHER THAN CONTRACT | $31K | — |
| LETTERSTREAM | — | SCOTTSDALE, AZ | NONE OTHER THAN CONTRACT | $22K | — |
| BALDWIN MOFFITT BEHM LLP | 46-4370753 | — | NONE OTHER THAN CONTRACT | $22K | — |
| WEINBERG, ROGER & ROSENFELD | — | LOS ANGELES, CA | NONE OTHER THAN CONTRACT | $14K | — |
| THE SEGAL COMPANY | 94-1503999 | — | NONE OTHER THAN CONTRACT | $10K | — |
Investments
4 pooled funds· $60.3M(19% 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.
Common Collective Trust
$47.0M
2 holdings
103-12 Investment Entity
$13.3M
2 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| LSV INTERNATIONAL ACWI EX US VALUE RELIANCE TRUST COMPANY · EIN 90-6169542 / PN 004 | Common Collective Trust | — | — | $35.1M | 11.2% | |
| PANAGORA RISK PARITY MULTI-ASSET FU PANAGORA ASSET MANAGEMENT · EIN 04-3183235 / PN 001 | 103-12 Investment Entity | — | — | $13.3M | 4.2% | |
| JP MORGAN STRATEGIC PROPERTY FUND JP MORGAN CHASE BANK · EIN 13-6038770 / PN 001 | Common Collective Trust | — | — | $11.9M | 3.8% | |
| WESTERN ASSET US CORE PLUS, LLC. WESTERN ASSET MANAGEMENT COMPANY · EIN 20-1575788 / PN 001 | 103-12 Investment Entity | — | — | $0 | <0.1% |