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Original filing (PDF)20251013143752NAL0000718259001
LABORERS LOCAL 872 BOARD OF TRUSTEES HEALTH & WELFARE TRUST
Form 5500
FILING_RECEIVED
CONSTRUCTION INDUSTRY AND LABORERS HEALTH AND WELFARE TRUST
Health & welfare plan
Signals · 3
~3401 bps in Sched C feesNo recordkeeper disclosed25 service providers
Active participants
2,377
Accounts w/ balance
—
Plan assets (EOY)
$23.4M
Net assets (EOY)
$19.8M
How this plan invests
This plan
76 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
- 3401 bps in Schedule C fees — 11626% 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 LABORERS LOCAL 872 BOARD OF TRUSTEES HEALTH & WELFARE TRUST.
Plan sponsor
Name
LABORERS LOCAL 872 BOARD OF TRUSTEES HEALTH & WELFARE TRUST
EIN
88-6002912
Address
2345 RED ROCK ST · SUITE 220 · LAS VEGAS, NV · 89146
Phone
(702) 251-5690
Industry
Constructionsee all
Plan administrator
Name
LABORERS LOCAL 872 BOARD OF TRUSTEES HEALTH & WELFARE PLAN
EIN
88-6002912
City
LAS VEGAS, NV
Phone
(702) 251-5690
Plan characteristics
Plan number
502
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-13
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4F · Temporary Disability (accident and sickness)
4Q · Other
Audit & trust (Schedule H)
Auditor
BERRY & CO., CPA'S LTD
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
25 rowsOther
25| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SAV RX | — | FREMONT, NE | NONE | $2.6M | — |
| WILSON MCSHANE CORP | 41-0956552 | — | NONE | $1.6M | — |
| MARATHON HEALTH, INC. | 26-0103977 | — | NONE | $824K | — |
| ROCKY MOUNTAIN HOSPITAL & MEDICAL | 84-0747736 | — | NONE | $816K | — |
| VERA WHOLE HEALTH, INC. | — | SEATTLE, WA | NONE | $404K | — |
| BROWNSTEIN HYATT FARBER SCHRECK LLP | 26-1367865 | — | NONE | $343K | — |
| EMPLOYEE #1 | — | LAS VEGAS, NV | EMPLOYEE | $276K | — |
| EMPLOYEE #2 | — | LAS VEGAS, NV | EMPLOYEE | $188K | — |
| HUMAN BEHAVIOR INSTITUTE CLINICAL | 88-0342146 | — | NONE | $179K | — |
| TELLIGEN, INC. | 33-2157812 | — | NONE | $157K | — |
| CHEIRON, INC. | 13-4215617 | — | NONE | $120K | — |
| BERRY & CO., CPA'S, LTD | 88-0400174 | — | NONE | $103K | — |
| PRIMECARE ADMINISTRATORS | 47-3436194 | — | NONE | $87K | — |
| TRUST FUND REPRESENTATIVE | — | LAS VEGAS, NV | EMPLOYEE | $76K | — |
| PIA, LLC | 88-0526062 | — | NONE | $60K | — |
| INTERLINK | 93-1164345 | — | NONE | $36K | — |
| HEALTH SERVICES COALITION | 88-0492643 | — | NONE | $33K | — |
| ASB CAPITAL MANAGEMENT, LLC | — | BETHESDA, MD | NONE | $26K | — |
| ATALANTA SOSNOFF CAPITAL, LLC | 20-0461050 | — | NONE | $26K | — |
| SEGAL MARCO ADVISORS | 13-2646110 | — | NONE | $17K | — |
| MULTIPLAN SERVICES CORP | 13-3068979 | — | NONE | $15K | — |
| PRINCIPAL TRUST CO. | 51-0099493 | — | NONE | $9K | — |
| BUCK GLOBAL, LLC | 83-1116912 | — | NONE | $8K | — |
| PDQ PRINTING | 20-3649287 | — | NONE | $7K | — |
| HONSA-BINDER PRINTING, INC. | — | ST. PAUL, MN | NONE | $7K | — |
Investments
73 direct securities· $22.8M(98% of reported assets)
Uncategorized
$15.3M
69 holdings
Mutual Funds
$4.9M
1 holding
Real Estate
$2.5M
1 holding
Corporate Bonds
$95K
1 holding
OTHER
$50K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Baird Core Bond Fund - Class I #71 | Mutual Funds | — | $5.4M | $4.9M | 20.8% | |
| Total Government and Agencies | — | — | $3.0M | $2.9M | 12.6% | |
| Vanguard 500 Index Fund - Admiral Shares | — | — | $1.2M | $2.6M | 11.0% | |
| Fund ASB Allegiance Real Estate Fund LP | Real Estate | — | $2.8M | $2.5M | 10.7% | |
| JPMorgan Short Duration Bond Fund - Class I #3133 | — | — | $1.7M | $1.8M | 7.6% | |
| Total Agency Pools | — | — | $825K | $813K | 3.5% | |
| Total Financials | — | — | $757K | $714K | 3.1% | |
| Total Industrials | — | — | $426K | $416K | 1.8% | |
| Fed Home Ln Mtg Corp Pool #SD2737, 30 Yr GTD Single Family Mortgage, 5.500%, Due 04/01/2053 | — | — | $284K | $279K | 1.2% | |
| U.S. Treasury Notes, 4.125%, Due 08/31/2030 | — | — | $201K | $197K | 0.8% | |
| U.S. Treasury Notes, 4.125%, Due 11/15/2032 | — | — | $202K | $195K | 0.8% | |
| U.S. Treasury Notes, 4.000%, Due 06/30/2028 | — | — | $170K | $168K | 0.7% | |
| Goldman Sachs Group Inc, Var Cpn, Due 10/23/2035, Callable | — | — | $175K | $167K | 0.7% | |
| Eli Lilly & Co, 4.200%, 08/15/2029, Callable | — | — | $170K | $166K | 0.7% | |
| Potomac Electric Power, 5.200%, Due 03/15/2034, Callable | — | — | $164K | $164K | 0.7% | |
| Louisville Gas & Elec, 5.450%, Due 04/15/2033, Callable | — | — | $150K | $152K | 0.6% | |
| Cash Equivalents Allspring Treasury Plus Money Market Inst #793 | — | — | $146K | $146K | 0.6% | |
| Fed Home Loan Bk, 5.920%, Due 05/23/2034 | — | — | $140K | $140K | 0.6% | |
| Fed Nat'l Mtg Assn Pool #FS5752, 6.000%, Due 09/01/2053 | — | — | $134K | $134K | 0.6% | |
| Duke Energy Florida LLC, 6.750%, Due 02/01/2028 | — | — | $131K | $131K | 0.6% | |
| Wachovia Corporation, 5.500%, Due 08/01/2035 | — | — | $135K | $130K | 0.6% | |
| Global Corporate Bonds Fairfax Financial Holdings, 8.300%, Due 04/15/2026 | — | — | $157K | $130K | 0.6% | |
| Agency Bonds Fed Farm Credit Bk, 6.220%, Due 04/25/2039 | — | — | $125K | $125K | 0.5% | |
| Fed Farm Credit Bk, 5.950%, Due 11/14/2044 | — | — | $125K | $125K | 0.5% | |
| Fed Home Loan Bk, 5.900%, Due 12/06/2040 | — | — | $125K | $125K | 0.5% | |
| Goldman Sachs Group Inc, Var Cpn, Due 07/23/2030, Callable | — | — | $125K | $124K | 0.5% | |
| Eversource Energy, 5.500%, Due 01/01/2034, Callable | — | — | $124K | $124K | 0.5% | |
| Huntington Bancshares, Inc., Variable Coupon, Due 08/04/2028, Callable | — | — | $125K | $124K | 0.5% | |
| ERP Operations LP, 4.150%, Due 12/01/2028 | — | — | $142K | $122K | 0.5% | |
| New York Life Global Fdg, 4.900, Due 06/13/2028, Non-Callable | — | — | $120K | $121K | 0.5% | |
| Total Agency/Mortgage-Backed Securities | — | — | $110K | $108K | 0.5% | |
| Pharmicia Corp., 6.600%, Due 12/01/2028 | — | — | $112K | $106K | 0.5% | |
| Bank of NY Mellon Corp, Variable Coupon, Due 10/25/2033, Callable | — | — | $100K | $104K | 0.4% | |
| Capital One Financial Co, Variable Coupon, Due 02/01/2029, Callable | — | — | $100K | $101K | 0.4% | |
| Gov Nat'l Mtg Assn, Cmo Ser 2023-189, CL AY, 6.000%, Due 12/20/2053 | — | — | $102K | $100K | 0.4% | |
| National Rural Utilities Cooperative, Due 04/20/2046 | — | — | $101K | $98K | 0.4% | |
| Government and Agencies U.S. Treasury Bonds & NTs U.S. Treasury Bonds, 4.25%, Due 11/15/2034 | — | — | $99K | $97K | 0.4% | |
| Pfizer Invt Enterprises, 4.750%, Due 05/19/2033, Callable | — | — | $98K | $97K | 0.4% | |
| US Bancorp, Variable Coupon, Due 02/01/2034, Callable | — | — | $100K | $96K | 0.4% | |
| Financials Allstate Corp, 6.125%, Due 12/15/2032 | Corporate Bonds | — | $94K | $95K | 0.4% | |
| U.S. Treasury Notes, 3.875%, Due 08/15/2033 | — | — | $99K | $95K | 0.4% | |
| U.S. Treasury Notes, 3.875%, Due 08/15/2034 | — | — | $99K | $95K | 0.4% | |
| Fed Home Ln Mtg Corp Pool #SD5034, 30 Yr GTD Single Family Mortgage, 6.000%, Due 03/01/2054 | — | — | $94K | $94K | 0.4% | |
| Fed Home Loan Bk, 5.250%, Due 02/13/2034 | — | — | $90K | $90K | 0.4% | |
| U.S. Treasury Notes, 2.750%, Due 08/15/2032 | — | — | $98K | $89K | 0.4% | |
| Wec Energy Group Inc, 4.750%, Due 01/15/2028, Callable | — | — | $85K | $85K | 0.4% | |
| Fed Nat'l Mtg Assn Pool #FS3665, 6.500%, Due 01/01/2053 | — | — | $86K | $85K | 0.4% | |
| Fed Home Ln Mtg Corp Pool #SD2200, 30 Yr GTD Single Family Mortgage, 6.000%, Due 01/01/2053 | — | — | $83K | $83K | 0.4% | |
| Fed Home Loan Bk, 5.750%, Due 11/22/2039 | — | — | $80K | $80K | 0.3% | |
| BankUnited, Inc., 5.125%, Due 06/11/2030 | — | — | $81K | $79K | 0.3% | |
| Industrials Anheuser-Busch Cos In, 5.950%, Due 01/15/2033 | — | — | $83K | $78K | 0.3% | |
| Keyspan Gas East Corp, 5.994%, Due 03/06/2033, Callable | — | — | $75K | $76K | 0.3% | |
| Nextera Energy Capital, 4.625%, Due 07/15/2027, Callable | — | — | $75K | $75K | 0.3% | |
| Fed Nat'l Mtg Assn Pool #MA5166, 6.000%, Due 10/01/2053 | — | — | $74K | $73K | 0.3% | |
| U.S. Treasury Notes, 3.875%, Due 04/30/2025 | — | — | $72K | $72K | 0.3% | |
| Fed Farm Credit Bk, 5.870%, Due 11/29/2039 | — | — | $70K | $70K | 0.3% | |
| Kansas City Power & Light Co., 6.050%, Due 11/15/2035, Non-Callable | — | — | $67K | $60K | 0.3% | |
| Pacific Life Gf II, 4.900%, Due 04/04/2028, Non-Callable | — | — | $60K | $60K | 0.3% | |
| National Rural Utilities Cooperative, Due 04/30/2043 | — | — | $50K | $51K | 0.2% | |
| Corporate Bonds Abbvie Inc, 4.800%, Due 03/15/2029, Callable | OTHER | — | $50K | $50K | 0.2% | |
| Bristol-Myers Squibb Co, 5.750%, Due 02/01/2031, Callable | — | — | $45K | $47K | 0.2% | |
| Legg Mason, Inc., 4.750%, Due 03/15/2026 | — | — | $49K | $45K | 0.2% | |
| First Union Corp, 7.574%, Due 08/01/2026 | — | — | $53K | $44K | 0.2% | |
| RTX Corp, 5.750%, Due 01/15/2029, Callable | — | — | $40K | $41K | 0.2% | |
| National Fuel Gas Co., 3.950%, Due 09/15/2027 | — | — | $40K | $41K | 0.2% | |
| National Rural Utilities Cooperative, 3.900%, Due 11/01/2028 | — | — | $40K | $39K | 0.2% | |
| Georgia-Pacific, 7.750%, Due 11/15/2029 | — | — | $34K | $34K | 0.1% | |
| Fed Home Ln Mtg Corp Pool #SD4559, 30 Yr GTD Single Family Mortgage, 5.000%, Due 09/01/2053 | — | — | $32K | $32K | 0.1% | |
| Oklahoma Gas & Electric, 6.500%, Due 04/15/2028 | — | — | $27K | $26K | 0.1% | |
| Fed Natl Mtg Assn Pool #AL6294, 4.500%, Due 11/01/2044 | — | — | $21K | $19K | <0.1% | |
| Agency Pools Fed Home Ln Mtg Corp Pool #C91418, 4.000%, Due 01/01/2032 | — | — | $17K | $15K | <0.1% | |
| Markel Corp, 3.350%, Due 09/17/2029 | — | — | $12K | $11K | <0.1% | |
| Agency/Mortgage-Backed Securities Fed Nat'l Mtg Assn, Ser 2011-74, CL QM, 4.500%, Due 11/25/2040 | — | — | $9K | $8K | <0.1% |