Original filing (PDF)20250623180752NAL0003874451001

UNITED EMPLOYEES BENEFIT TRUST

Name: UNITED EMPLOYEES BENEFIT TRUST — Form 5500 (2024)
Creator: UNITED EMPLOYEES BENEFIT TRUST

Form 5500

FILING_RECEIVED

Health & welfare plan

Signals · 3

~433 bps in Sched C feesNo recordkeeper disclosed34 service providers

Active participants

2,398

Accounts w/ balance

—

Plan assets (EOY)

$58.5M

Net assets (EOY)

$54.7M

How this plan invests

This plan

174 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 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

Vendor stack

Participation health

100

Knocking points off

433 bps in Schedule C fees — 2609% above peer band of 16 bps.
No recordkeeper disclosed on Schedule C.
Highly fragmented vendor stack (34 disclosed providers, 6 categories).

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for UNITED EMPLOYEES BENEFIT TRUST.

Plan sponsor

Name

UNITED EMPLOYEES BENEFIT TRUST

EIN

91-6061910

Address

220 S 27TH STREET SUITE B · TACOMA, WA · 98402

Phone

(253) 474-1214

Industry

Public Administrationsee 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

2025-06-23

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4D · Dental

4E · Vision

4F · Temporary Disability (accident and sickness)

Audit & trust (Schedule H)

Auditor

ANASTASI, MOORE & MARTIN, PLLC

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

34 rows

Custodian

Name	EIN	Location	Relation	Direct comp	Indirect comp
WASHINGTON CAPITAL MANAGEMENT. INC.	91-1042342	SEATTLE, WA	INVESTMENT CUSTODIAN	$123K	—
KEY BANK	91-1382589	CLEVELAND, OH	CUSTODIAL	$68K	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
PREMERA	91-0499247	SEATTLE, WA	CLAIMS CONSULTANT	$740K	—
INNOVATIVE CARE MANAGEMENT, INC.	93-1087669	PORTLAND, OR	CLAIMS CONSULTANT	$215K	—
NETWORK SECURE SOLUTIONS, LLC	—	—	IT CONSULTANT	$96K	—
PROPEL INSURANCE	91-0830024	SEATTLE, WA	CONSULTANT	$75K	—
AH! THE ELEMENT OF SURPRISE, LLC.	—	FEDERAL WAY, WA	HR CONSULTANT	$61K	—
DELTA DENTAL OF WASHINGTON	91-0621480	SEATTLE, WA	CLAIMS CONSULTANT	$43K	—
PHARMACEUTICAL STRATEGIES GROUP LLC	14-2001350	PORTLAND, OR	CLAIMS CONSULTANT	$30K	—
RBC CAPITAL MARKETS	13-5357855	SEATTLE, WA	INVESTMENT MANAGER	$20K	—
VSP VISION CARE	61-1227840	RANCHO CORDOVA, CA	VISION CONSULTANT	$19K	—

Accountant / Auditor

Name	EIN	Location	Relation	Direct comp	Indirect comp
CLIFTONLARSONALLEN	41-0746749	SPOKANE, WA	PAYROLL AUDITOR	$30K	—
ANASTASI, MOORE & MARTIN, PLLC	20-8149084	SPOKANE, WA	ACCOUNTANT	$22K	—
PLATFORM CPAS, LLP	—	HOLLADAY, UT	ACCOUNTANT	$18K	—

Legal counsel

Name	EIN	Location	Relation	Direct comp	Indirect comp
BARLOW, COUGHRAN, MORALES, & JOSEPH	91-0889948	SEATTLE, WA	ATTORNEY	$29K	—

Insurance

Name	EIN	Location	Relation	Direct comp	Indirect comp
THE TRAVELERS COMPANIES, INC.	41-0518860	NEW YORK, NY	INSURANCE PROVIDER	$8K	—

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
BRIDGEWAY BENEFIT TECHNOLOGIES	22-2224737	BALTIMORE, MD	IT SUPPORT PROVIDER	$143K	—
DIANA CLARK	91-6061910	—	EMPLOYEE	$138K	—
UNITED EMPLOYEE BENEFIT TRUST	91-6061910	TACOMA, WA	EMPLOYEE BENEFITS	$84K	—
CINDY MATTINGLY	91-6061910	—	EMPLOYEE	$74K	—
MICHELE HASENAUER	91-6061910	—	EMPLOYEE	$73K	—
SHAUN-DEE WILLIAMS	91-6061910	—	EMPLOYEE	$72K	—
SUSAN MCGIVERN	91-6061910	—	EMPLOYEE	$68K	—
WESTERN CONFERENCE TEAMSTERS	91-6145047	SEATTLE, WA	EMPLOYEE BENEFITS	$51K	—
QUADIENT FINANCE USA, INC.	16-1753763	MILFORD, CT	PRINTING SERVICES	$45K	—
TEAMSTERS LOCAL UNION #313	91-0436970	TACOMA, WA	LESSOR	$38K	—
BARBARA BORGEN	91-6061910	—	EMPLOYEE	$38K	—
MAXORPLUS, LTD	75-2676894	AMARILLO, TX	CLAIMS PROCESSOR	$36K	—
GREEN LIGHT COST MANAGEMENT	—	SCOTTSDALE, AZ	HEALTH CLAIMS REVIEW	$31K	—
PRINT NW	91-1648652	LAKEWOOD, WA	PRINTING SERVICES	$13K	—
WASHINGTON TEAMSTERS WELFARE TRUST	91-6034673	SEATTLE, WA	EMPLOYEE BENEFITS	$12K	—
VISION COMPUTING	—	PUYALLUP, WA	IT ASSISTANCE	$9K	—
INTERNATIONAL FOUNDATION	39-1034021	BROOKFIELD, WI	CONSULTING	$7K	—
PACIFIC OFFICE AUTOMATION	93-0665413	BEARVERTON, OR	LESSOR	$7K	—

Investments

170 direct securities· $91.9M(100% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
Federated Government Obligations Money market fund ‐	—	—	$20.3M	$20.3M	34.7%
Federated Government Obligations Money market fund ‐	—	—	$20.3M	$20.3M	34.6%
United States Treasury Notes 0.25% due 09/30/25	—	—	$2.7M	$2.7M	4.7%
United States Treasury Notes 1.25% due 08/15/31	—	—	$2.3M	$2.1M	3.6%
Federated Government Obligations Money market fund	—	—	$1.8M	$1.8M	3.1%
United States Treasury Notes 0.63% due 11/30/27	—	—	$1.4M	$1.4M	2.5%
United States Treasury Notes 2.88% due 05/15/32	—	—	$1.3M	$1.3M	2.2%
United States Treasury Notes 1.23% due 08/31/28	—	—	$1.3M	$1.3M	2.2%
United States Treasury Bills Due 09/04/25	—	—	$1.2M	$1.2M	2.1%
United States Treasury Notes 0.25% due 07/31/25	—	—	$973K	$1.0M	1.8%
United States Treasury Notes 0.25% due 10/31/25	—	—	$929K	$968K	1.7%
United States Treasury Notes 0.75% due 03/31/26	—	—	$902K	$929K	1.6%
United States Treasury Notes 0.50% due 04/30/27	—	—	$883K	$890K	1.5%
United States Treasury Notes 1.00% due 07/31/28	—	—	$884K	$881K	1.5%
United States Treasury Notes 0.50% due 03/31/25	—	—	$884K	$867K	1.5%
United States Treasury Notes 3.5% due 02/15/33	—	—	$731K	$698K	1.2%
United States Treasury Notes 2.38% due 05/15/29	—	—	$615K	$558K	1.0%
Capital One Multi‐Asset Execution TR 4.42% due 05/15/28	—	—	$544K	$548K	0.9%
Chase Issuance Trust 3.97% due 09/15/27	—	—	$522K	$533K	0.9%
AerCap Ireland Capital LTD 2.45% due 10/29/26	—	—	$541K	$531K	0.9%
United States Treasury Bills Due 12/26/25	—	—	$528K	$528K	0.9%
Tucson Electric Power Co 5.20% due 09/15/34	—	—	$525K	$515K	0.9%
Citibank Credit Card Issuance 3.96% due 10/15/30	—	—	$495K	$507K	0.9%
United States Treasury Notes 0.63% due 07/31/26	—	—	$501K	$503K	0.9%
Verizon Master Trust 3.67% due 01/22/29	—	—	$490K	$498K	0.9%
GM FINL Consumer Autombl Receivables 1.28% due 01/19/27	—	—	$466K	$493K	0.8%
GM FINL Consumer Autombl Receivables 0.82% due 10/16/26	—	—	$471K	$486K	0.8%
Apache Corp 4.38% due 10/15/28	—	—	$446K	$482K	0.8%
Targa Resources Partners LP 6.88% due 01/15/29	—	—	$475K	$471K	0.8%
DTE Electric Co 4.85% due 12/01/26	—	—	$460K	$464K	0.8%
Broadcom Inc 3.15% due 11/15/25	—	—	$498K	$459K	0.8%
Ford Motor Credit Co LLC 2.30% due 02/10/25	—	—	$430K	$449K	0.8%
WarnerMedia Holdings Inc 3.76% due 03/15/27	—	—	$449K	$448K	0.8%
Verizon Communications Inc 3.38% due 02/15/25	—	—	$484K	$444K	0.8%
Virginia Power Fuel 5.09% due 05/01/29	—	—	$427K	$428K	0.7%
Synchrony Card Issuance Trust 3.86% due 07/15/28	—	—	$410K	$413K	0.7%
Carmax Auto Owner Trust 0.74% due 10/15/26	—	—	$396K	$407K	0.7%
American Express Credit Account Master 3.75% due 08/16/27	—	—	$388K	$398K	0.7%
Truist Financial Corp 1.20% due 08/05/25	—	—	$406K	$394K	0.7%
Bank of America Credit Card Trust 3.53% due 11/15/27	—	—	$387K	$393K	0.7%
Honda Auto Receivables Owner TR 5.48% due 11/18/26	—	—	$391K	$393K	0.7%
Salaries	—	—	$457K	$392K	0.7%
Constellation Brands Inc 3.50% due 05/09/27	—	—	$451K	$389K	0.7%
Boardwalk Pipelines LP 5.95% due 06/01/26	—	—	$434K	$374K	0.6%
Public Service New Hampshire 3.81% due 02/01/35	—	—	$440K	$367K	0.6%
Capital One Multi‐Asset Execution TR 3.49% due 05/15/27	—	—	$358K	$364K	0.6%
Government National Mtg Assn II Pool 3.50% due 04/20/31	—	—	$353K	$356K	0.6%
Government National Mtg Assn CMO 5.50% due 04/20/46	—	—	$351K	$355K	0.6%
Verizon Master Trust 5.16% due 06/20/29	—	—	$348K	$351K	0.6%
Radian Group Inc 4.88% due 03/15/27	—	—	$353K	$348K	0.6%
World Omni Auto Receivables 3.66% due 10/15/27	—	—	$341K	$343K	0.6%
American Homes 4 Rent 4.25% due 02/15/28	—	—	$370K	$337K	0.6%
National Rural Utils Corp Fin Corp 1.00% due 06/15/25	—	—	$315K	$335K	0.6%
Global Payments Inc 1.20% due 03/01/26	—	—	$329K	$326K	0.6%
Synchrony Card Issuance Trust 3.37% due 04/17/28	—	—	$314K	$317K	0.5%
National Fuel Gas Co 5.50% due 01/15/26	—	—	$338K	$301K	0.5%
WF Card Issuance Trust 4.29% due 10/15/29	—	—	$300K	$298K	0.5%
Toyota Auto Receivables Owner Trust 2.93% due 09/15/26	—	—	$294K	$296K	0.5%
Mercedes‐Benz Auto Receivables Trust 0.73% due 12/15/27	—	—	$270K	$289K	0.5%
Appalachian Consumer Rate Relief 3.77% due 08/01/31	—	—	$286K	$287K	0.5%
Welltower Inc 2.75% due 01/15/31	—	—	$270K	$285K	0.5%
Americredit Auto Receivables Trust 0.89% due 10/19/26	—	—	$283K	$284K	0.5%
AEP Tex Central Transitioning Fund 2.29% due 08/01/31	—	—	$284K	$283K	0.5%
GM Financial Auto Leasing Trust 3.64% due 04/16/27	—	—	$280K	$282K	0.5%
HF Sinclair Corp 4.50% due 10/01/30	—	—	$281K	$282K	0.5%
World Omni Auto Receivables 0.64% due 12/15/26	—	—	$274K	$281K	0.5%
Ally Financial Inc 5.75% due 11/20/25	—	—	$296K	$280K	0.5%
JP Morgan Chase & Co 4.98% due 07/22/28	—	—	$275K	$276K	0.5%
Oceaneering International Inc 6.00% due 02/01/28	—	—	$269K	$266K	0.5%
American Express Credit Account Master 2.21% due 03/15/27	—	—	$257K	$266K	0.5%
Plains All American Pipeline LP 6.70% due 05/15/36	—	—	$249K	$263K	0.4%
Pacificorp 3.35% due 07/01/25	—	—	$265K	$257K	0.4%
Methanex Corp 5.13% due 10/15/27	—	—	$249K	$254K	0.4%
Verizon Master Trust 5.34% due 04/22/30	—	—	$250K	$254K	0.4%
Wyndham Worldwide Corp 6.00% due 04/01/27	—	—	$243K	$250K	0.4%
US Airways 3.95% due 11/15/25	—	—	$249K	$250K	0.4%
DPL Inc 4.13% due 07/01/25	—	—	$237K	$246K	0.4%
Nustar Logistics LP 5.75% due 10/01/25	—	—	$228K	$240K	0.4%
PBF Holding Co LLC/Finance Corp 6.00% due 02/15/28	—	—	$245K	$240K	0.4%
BNSF Funding Trust I FL RT% due 12/15/55	—	—	$238K	$225K	0.4%
CVS Health Corp 3.87% due 07/20/25	—	—	$245K	$224K	0.4%
American Axle & Mfg Inc 6.50% due 04/01/27	—	—	$232K	$223K	0.4%
Volkswagen Auto Loan Trust 1.26% due 10/20/28	—	—	$204K	$216K	0.4%
United States Treasury Bonds 0.25% due 02/15/50	—	—	$357K	$215K	0.4%
Oracle Corp 3.65% due 03/25/41	—	—	$217K	$214K	0.4%
Florida Power & Light Co 2.85% due 04/01/25	—	—	$221K	$201K	0.3%
Altria Group Inc 2.35% due 05/06/25	—	—	$213K	$198K	0.3%
Freddie Mac 2.88% due 04/25/26	—	—	$189K	$197K	0.3%
T‐Mobile USA Inc 2.63% due 04/15/26	—	—	$200K	$195K	0.3%
Service Corp Intl 4.63% due 12/15/27	—	—	$190K	$195K	0.3%
TEVA Pharmaceutical Fin Neth III B V 3.15% due 10/01/26	—	—	$180K	$192K	0.3%
Activision Blizzard Inc 1.35% due 09/15/30	—	—	$231K	$191K	0.3%
Tenga Inc 4.63% due 03/15/28	—	—	$190K	$189K	0.3%
Corporate Office Properties LP 2.90% due 12/01/33	—	—	$188K	$185K	0.3%
Government National Mtg Assn CMO 4.25% due 11/20/29	—	—	$177K	$179K	0.3%
Fannie Mae 3.50% due 01/01/35	—	—	$197K	$175K	0.3%
Fannie Mae 3.00% due 04/01/27	—	—	$167K	$169K	0.3%
Johnson & Johnson 2.10% due 09/01/40	—	—	$189K	$166K	0.3%
Cubesmart LP 2.00% due 02/15/31	—	—	$197K	$166K	0.3%
Louisiana Loc Govt Environmental Facs 3.62% due 02/01/29	—	—	$159K	$164K	0.3%
Union Pacific Railroad Co 2.70% due 05/12/27	—	—	$159K	$164K	0.3%
CNH Equipment Trust 0.70% due 12/15/27	—	—	$163K	$164K	0.3%
United States Treasury Notes 0.63% due 08/15/30	—	—	$187K	$162K	0.3%
Honda Auto Receivables Owner TR 1.88% due 05/15/26	—	—	$155K	$156K	0.3%
Fannie Mae 3.00% due 01/25/48	—	—	$150K	$154K	0.3%
Verizon Master Trust FL RT% due 08/20/30	—	—	$150K	$151K	0.3%
Carmax Auto Owner Trust 4.94% due 08/15/29	—	—	$149K	$151K	0.3%
United States Treasury Note DTD 7/15/2021, due 07/15/2024, 0.375% 2,775,000 par value ‐	—	—	$2.6M	$149K	0.3%
Boardwalk Pipelines LP 4.45% due 07/15/27	—	—	$142K	$148K	0.3%
Dana Holding Corp 5.63% due 06/15/28	—	—	$145K	$148K	0.3%
Employee benefits	—	—	$189K	$147K	0.3%
Goodyear Tire & Rubber Co 4.88% due 03/15/27	—	—	$159K	$145K	0.2%
Public Service New Hampshire 3.51% due 08/01/28	—	—	$164K	$145K	0.2%
Visa Inc 2.00% due 08/15/50	—	—	$174K	$135K	0.2%
AT&T Inc 5.25% due 03/01/37	—	—	$164K	$133K	0.2%
Repairs and maintenance	—	—	$139K	$129K	0.2%
Discover Card Execution Note Trust 5.03% due 10/15/27	—	—	$126K	$126K	0.2%
Toyota Auto Receivables Owner Trust FL RT% due 12/15/26	—	—	$122K	$122K	0.2%
BMW Vehicle Owner Trust 5.25% due 11/26/29	—	—	$121K	$122K	0.2%
Americredit Auto Receivables Trust 1.17% due 08/18/27	—	—	$113K	$119K	0.2%
American Airlines Inc 3.70% due 10/01/26	—	—	$116K	$117K	0.2%
Fannie Mae 5.00% due 08/25/33	—	—	$125K	$115K	0.2%
GM FINL Consumer Autombl Receivables 1.09% due 12/16/26	—	—	$104K	$112K	0.2%
Toyota Auto Receivables Owner Trust 5.33% due 01/16/29	—	—	$112K	$112K	0.2%
Capital One Prime Auto 0.77% due 09/15/26	—	—	$106K	$108K	0.2%
Kinross Gold Corp 6.88% due 09/01/41	—	—	$135K	$105K	0.2%
Puget Energy Inc 7.02% due 12/01/27	—	—	$132K	$105K	0.2%
Safeway Inc 7.45% due 09/15/27	—	—	$117K	$103K	0.2%
MP Environmental FDG LLC 5.52% due 07/15/28	—	—	$99K	$101K	0.2%
Discover Card Execution Note Trust 4.93% due 06/15/28	—	—	$100K	$101K	0.2%
Genesis Energy LP/Finance Corp 7.75% due 02/01/28	—	—	$100K	$100K	0.2%
United Continental Holdings Inc 4.88% due 01/15/25	—	—	$105K	$100K	0.2%
Mercedes‐Benz Auto Receivables Trust 4.31% due 04/16/29	—	—	$100K	$99K	0.2%
Capital One Prime Auto 1.04% due 04/15/27	—	—	$97K	$98K	0.2%
Fannie Mae 2.00% due 04/25/44	—	—	$91K	$91K	0.2%
US Dept HSG& Urban Dev Govt Bond 3.35% due 08/01/29	—	—	$103K	$88K	0.2%
Louisiana Loc Govt Environment Sys 2.86% due 08/01/28	—	—	$90K	$87K	0.1%
Freddie Mac 5.25% due 02/15/33	—	—	$90K	$85K	0.1%
Louisiana Loc Govt Environment Rev 3.24% due 08/01/28	—	—	$81K	$78K	0.1%
WF Card Issuance Trust 4.94% due 02/15/29	—	—	$76K	$76K	0.1%
Apache Corp 4.63% due 11/15/25	—	—	$82K	$74K	0.1%
Carmax Auto Owner Trust 5.72% due 11/16/26	—	—	$64K	$64K	0.1%
Consultant fees	—	—	$70K	$63K	0.1%
Occidental Petroleum Corp 5.88% due 09/01/25	—	—	$59K	$57K	<0.1%
Fannie Mae FL RT% due 12/25/30	—	—	$57K	$57K	<0.1%
Computer expenses	—	—	$25K	$55K	<0.1%
US Dept HSG& Urban Dev Govt Note 3.01% due 08/01/25	—	—	$50K	$49K	<0.1%
Hyundai Auto Receivables Trust 0.74% due 05/15/26	—	—	$41K	$42K	<0.1%
Postage	—	—	$46K	$41K	<0.1%
American Airlines 4.00% due 07/15/25	—	—	$43K	$41K	<0.1%
Payroll taxes	—	—	$44K	$36K	<0.1%
Freddie Mac 3.75% due 10/15/42	—	—	$34K	$34K	<0.1%
Rent	—	—	$41K	$34K	<0.1%
FirstEnergy Ohio PIRB SPL Purpose 3.45% due 01/15/36	—	—	$32K	$31K	<0.1%
Government Natl MTG Assn 2.85% due 04/16/50	—	—	$30K	$31K	<0.1%
United Employees Benefit Trust Administrative Expenses Years Ended December 31, 2024 and 2023 2024 2023 Attorney fees	—	—	$29K	$29K	<0.1%
Printing	—	—	$12K	$28K	<0.1%
Southern Calif Edison Co 1.20% due 02/01/26	—	—	$23K	$24K	<0.1%
Fannie Mae FL RT% due 08/25/41	—	—	$24K	$24K	<0.1%
Audit fees	—	—	$22K	$22K	<0.1%
Travel and meetings	—	—	$32K	$20K	<0.1%
Insurance	—	—	$21K	$20K	<0.1%
Health plan fees	—	—	$31K	$19K	<0.1%
Office supplies and expenses	—	—	$13K	$19K	<0.1%
Fannie Mae 3.50% due 02/25/26	—	—	$15K	$14K	<0.1%
Payroll exam fees	—	—	$48K	$14K	<0.1%
Fannie Mae 2.00% due 06/25/27	—	—	$11K	$11K	<0.1%
Telephone	—	—	$7K	$6K	<0.1%
Depreciation ‐	—	—	—	$6K	<0.1%
Education expenses ‐	—	—	—	$1K	<0.1%