Original filing (PDF)20260311223703NAL0005977841001

BOARD OF TRUSTEES, PUGET SOUND ELECTRICAL WORKERS PENSION TRUST

Name: BOARD OF TRUSTEES, PUGET SOUND ELECTRICAL WORKERS PENSION TRUST — PUGET SOUND ELECTRICAL WORKERS PENSION PLAN, Form 5500 (2024)
Creator: BOARD OF TRUSTEES, PUGET SOUND ELECTRICAL WORKERS PENSION TRUST

Form 5500

FILING_RECEIVED

PUGET SOUND ELECTRICAL WORKERS PENSION PLAN

Defined-benefit pension plan

Signals · 2

No recordkeeper disclosed13 service providers

Active participants

4,745

Accounts w/ balance

—

Plan assets (EOY)

$1.3B

Net assets (EOY)

$1.3B

How this plan invests

This plan

4 pooled trusts

Schedule D

338 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

33 bps in Schedule C fees — 561% 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, PUGET SOUND ELECTRICAL WORKERS PENSION TRUST.

Plan sponsor

Name

BOARD OF TRUSTEES, PUGET SOUND ELECTRICAL WORKERS PENSION TRUST

EIN

91-6180333

Address

PO BOX 34203 · SEATTLE, WA · 981241203

Phone

(206) 441-7574

Industry

Electrical Contractors· Constructionsee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-06-01

Tax period

2025-05-31

Filed

2026-03-11

Pension benefit codes

1B · Flat-dollar DB formula

Audit & trust (Schedule H)

Auditor

CLIFTONLARSONALLEN LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

13 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
WELFARE & PENSION ADMIN. SERVICE	91-1363171	—	NONE	$1.5M	—
WASHINGTON CAPITAL MANAGEMENT, INC.	91-1042342	—	NONE	$1.4M	—
DEPRINCE RACE & ZOLLO, INC.	59-3299598	—	NONE	$364K	—
WILLIAM BLAIR INVESTMENT MGMT	47-2614791	—	NONE	$348K	—
RAEL & LETSON	94-1701048	—	NONE	$148K	—
VERUS ADVISORY, INC.	91-1320111	—	NONE	$105K	—
BARLOW & COUGHRAN, P.S.	91-0889948	—	NONE	$102K	—
INVESCO TRUST COMPANY	46-3793325	—	NONE	$101K	—
ENTRUSTPERMAL MANAGEMENT LLC	41-2048502	—	NONE	$95K	—
US BANK	31-0841368	—	NONE	$79K	—
STATE STREET GLOBAL ADVISORS TRUST	81-4017137	—	NONE	$69K	—
CLIFTONLARSONALLEN LLP	41-0746749	—	NONE	$36K	—
TURNER, STOEVE & GAGLIARDI, P.S.	91-1282506	—	NONE	$7K	—

Investments

331 direct securities · 4 pooled funds· $1.5B(100% 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

$1.0B

328 holdings

Common Collective Trust

$202.2M

3 holdings

103-12 Investment Entity

$163.5M

1 holding

PARTNERSHIP/JOINT VENTURE

$34.8M

1 holding

OTHER

$7.6M

2 holdings

Investment	Type	Shares / units	Cost	Current value	% of plan
WA CAP JOINT MASTER TRUST WASHINGTON CAPITAL MANAGEMENT, INC. · EIN 91-1163419 / PN 001	103-12 Investment Entity	—	—	$163.5M	12.3%
STATE STREET R 1000 (R) INDEX NL FD STATE STREET GLOBAL ADVISORS TRUST CO · EIN 90-0337987 / PN 160	Common Collective Trust	—	$24.8M	$121.0M	9.1%
DFA INTERNATIONAL VALUE PORT INSTL CL	—	—	$77.1M	$107.0M	8.0%
AMERICAN FUNDS EUROPACIFIC GROWTH R6	—	—	$80.4M	$99.3M	7.5%
DODGE COX STOCK FUND I	—	—	$53.0M	$90.4M	6.8%
T ROWE PRICE LARGE CAP GWTH I	—	—	$27.8M	$88.0M	6.6%
PIMCO ALL ASSET FUND INSTITU	—	—	$91.5M	$86.2M	6.5%
WA CAPITAL JMT REAL ESTATE EQTY FD	—	—	$31.7M	$85.2M	6.4%
103-12 INVESTMENT ENTITIES WA CAPITAL JMT MORTGAGE INCOME FD	—	—	$23.0M	$78.2M	5.9%
SCHRODERS CAP ERISA FLEXIBLE SEC INC LP	—	—	$40.0M	$49.0M	3.7%
MULTI-EMPLOYER PROPERTY TRUST NEWTOWER TRUST COMPANY · EIN 52-6218800 / PN 001	Common Collective Trust	—	$16.0M	$48.0M	3.6%
VANGUARD SMALL CAP VALUE INDEX FD	—	—	$32.1M	$46.1M	3.5%
INTERESTS MESIROW FIN REAL ESTATE VALUE FD IV LP	PARTNERSHIP/JOINT VENTURE	—	$31.8M	$34.8M	2.6%
VANGUARD INFLATION PROTECTED SEC FD	—	—	$37.9M	$33.6M	2.5%
INVESCO BALANCED-RISK ALLOC. TRUST INVESCO TRUST COMPANY · EIN 26-6399613 / PN 001	Common Collective Trust	—	$26.5M	$33.3M	2.5%
FIRST AMERICAN GOVT OB FD CL Z Variable Interest Rate	—	—	$32.7M	$32.7M	2.5%
SENTINEL REAL ESTATE FUND LP	—	—	$23.4M	$30.0M	2.3%
SCHRODERS FOCUS II CAYMAN FUND LP	—	—	$3.3M	$11.1M	0.8%
SCHRODERS FOCUS III CAYMAN FUND LP	—	—	$9.6M	$10.4M	0.8%
INVESTMENTS - FOREIGN INVESTMENT COMPANY ENTRUSTPERMAL SPECIAL OPP FD IV LTD	OTHER	—	$7.9M	$7.4M	0.6%
MESIROW FIN REAL ESTATE VALUE FD V LP	—	—	$6.3M	$6.2M	0.5%
U S TREASURY NT 0.250% Due 9/30/25	—	—	$4.9M	$4.9M	0.4%
WELLS FARGO CO NEW COM	—	—	$1.9M	$3.2M	0.2%
JPMORGAN CHASE CO	—	—	$1.7M	$3.1M	0.2%
CITIGROUP INC	—	—	$1.7M	$2.4M	0.2%
U S TREASURY NT 1.000% Due 7/31/28	—	—	$2.2M	$2.3M	0.2%
EVEREST GROUP LTD COM	—	—	$2.4M	$2.2M	0.2%
EMERSON ELECTRIC CO	—	—	$1.5M	$2.2M	0.2%
EXPAND ENERGY CORPORATION	—	—	$1.4M	$2.0M	0.2%
UNION PACIFIC CORP COM	—	—	$1.9M	$1.9M	0.1%
JOHNSON CTLS INTL PLC SHS	—	—	$1.2M	$1.9M	0.1%
JOHNSON	—	—	$1.9M	$1.9M	0.1%
ALLSTATE CORP	—	—	$988K	$1.9M	0.1%
PARKER HANNIFIN CORP	—	—	$776K	$1.8M	0.1%
IDEX CORP	—	—	$2.0M	$1.8M	0.1%
U S TREASURY NT 2.250% Due 11/15/27	—	—	$1.7M	$1.8M	0.1%
HARTFORD INSURANCE GROUP INC COM	—	—	$670K	$1.8M	0.1%
RTX CORPORATION	—	—	$936K	$1.7M	0.1%
CARLYLE GROUP INC THE	—	—	$1.4M	$1.7M	0.1%
L3HARRIS TECHNOLOGIES INC	—	—	$1.3M	$1.7M	0.1%
INTL FLAVORS FRAGRANCES	—	—	$1.9M	$1.7M	0.1%
GOLDMAN SACHS GROUP INC	—	—	$840K	$1.7M	0.1%
FREEPORT MCMORAN INC	—	—	$1.6M	$1.6M	0.1%
U S TREASURY NT 1.250% Due 8/15/31	—	—	$1.8M	$1.6M	0.1%
BAXTER INTERNATIONAL INC	—	—	$2.8M	$1.6M	0.1%
US BANCORP	—	—	$1.3M	$1.6M	0.1%
U S TREASURY NT 1.500% Due 2/15/30	—	—	$1.8M	$1.6M	0.1%
LAS VEGAS SANDS CORP	—	—	$1.6M	$1.6M	0.1%
SONOCO PRODS CO	—	—	$1.7M	$1.6M	0.1%
COMCAST CORP CLASS A	—	—	$1.7M	$1.5M	0.1%
NXP SEMICONDUCTORS N V COM	—	—	$1.5M	$1.5M	0.1%
PERRIGO CO PLC SHS	—	—	$1.6M	$1.5M	0.1%
THE SCOTTS MIRACLE GRO COMPANY	—	—	$1.4M	$1.5M	0.1%
HONEYWELL INTL INC	—	—	$1.3M	$1.5M	0.1%
WESTERN DIGITAL CORP COM	—	—	$963K	$1.4M	0.1%
CROWN HLDGS INC	—	—	$1.3M	$1.4M	0.1%
KNIGHT SWIFT TRANSN HLDGS INC CL A	—	—	$1.5M	$1.4M	0.1%
EXXON MOBIL CORP	—	—	$1.0M	$1.4M	0.1%
U S TREASURY NT 2.875% Due 5/15/32	—	—	$1.4M	$1.4M	0.1%
UNITED PARCEL SERVICE INC CL B	—	—	$1.9M	$1.3M	0.1%
SANDISK CORP	—	—	$1.3M	$1.3M	<0.1%
WEYERHAEUSER CO MTN BE COM NEW	—	—	$1.6M	$1.3M	<0.1%
ANALOG DEVICES INC	—	—	$926K	$1.3M	<0.1%
CHEVRON CORPORATION	—	—	$993K	$1.2M	<0.1%
CINCINNATI FINL CORP	—	—	$837K	$1.2M	<0.1%
ACCENTURE PLC IRELAND SHS CLASS A	—	—	$1.2M	$1.2M	<0.1%
FLOWSERVE CORP	—	—	$1.2M	$1.2M	<0.1%
APPLIED MATERIALS INC	—	—	$1.0M	$1.2M	<0.1%
FIFTH THIRD BANCORP	—	—	$861K	$1.2M	<0.1%
PRIMO BRANDS CORPORATION CLASS A COM	—	—	$838K	$1.1M	<0.1%
CONOCOPHILLIPS	—	—	$470K	$1.1M	<0.1%
UNITEDHEALTH GROUP INC COM	—	—	$1.7M	$1.1M	<0.1%
GRAPHIC PACKAGING HLDG CO COM	—	—	$904K	$1.1M	<0.1%
TALEN ENERGY CORP COM	—	—	$819K	$1.1M	<0.1%
OMNICOM GROUP INC	—	—	$1.2M	$1.1M	<0.1%
TRUIST FINANCIAL CORP	—	—	$1.0M	$1.1M	<0.1%
NEWELL BRANDS INC	—	—	$2.8M	$1.0M	<0.1%
GENERAL MTRS CO COM	—	—	$795K	$1.0M	<0.1%
DYNATRACE INC	—	—	$960K	$1.0M	<0.1%
LAMB WESTON HOLDINGS INC	—	—	$1.2M	$1.0M	<0.1%
WESTLAKE CORPORATION	—	—	$1.6M	$955K	<0.1%
QUALCOMM INC COM	—	—	$819K	$942K	<0.1%
MERCK CO INC	—	—	$992K	$941K	<0.1%
REXFORD INDUSTRIAL REALTY IN	—	—	$1.3M	$924K	<0.1%
U S TREASURY NT 0.750% Due 3/31/26	—	—	$889K	$924K	<0.1%
U S TREASURY NT 1.125% Due 8/31/28	—	—	$879K	$917K	<0.1%
CITIBANK CREDIT CARD 3.960% Due 10/15/30	—	—	$892K	$897K	<0.1%
MARATHON PETROLEUM CORP	—	—	$312K	$879K	<0.1%
MONDELEZ INTL INC CL A	—	—	$854K	$871K	<0.1%
HOST HOTELS RESORTS INC	—	—	$925K	$862K	<0.1%
EASTMAN CHEM CO	—	—	$911K	$857K	<0.1%
NEXTERA ENERGY INC	—	—	$908K	$854K	<0.1%
BRIGHT HORIZONS FAMILY SOLUT	—	—	$628K	$851K	<0.1%
CURTISS WRIGHT CORP	—	—	$717K	$844K	<0.1%
F N M A GTD REMIC 4.500% Due 8/25/52	—	—	$832K	$833K	<0.1%
CHASE AUTO OWNER 5.080% Due 12/25/29	—	—	$814K	$813K	<0.1%
CAMECO CORP	—	—	$437K	$807K	<0.1%
U S TREASURY NT 0.250% Due 7/31/25	—	—	$741K	$795K	<0.1%
INSULET CORP	—	—	$470K	$787K	<0.1%
NVENT ELECTRIC PLC	—	—	$732K	$785K	<0.1%
FIRST AMERICAN FINANCIAL	—	—	$822K	$782K	<0.1%
U S TREASURY NT 4.000% Due 2/15/34	—	—	$795K	$782K	<0.1%
BANK OF AMERICA 3.530% Due 11/15/27	—	—	$770K	$780K	<0.1%
MANHATTAN ASSOCS INC	—	—	$914K	$777K	<0.1%
G N M A I #MA8426 4.000% Due 11/20/52	—	—	$803K	$775K	<0.1%
T E ENERGY CO	—	—	$555K	$773K	<0.1%
MERCURY SYSTEMS INC	—	—	$897K	$764K	<0.1%
INTERNATIONAL GAME TECHNOLOG	—	—	$1.0M	$763K	<0.1%
F H L M C #SD8304 3.500% Due 3/01/53	—	—	$787K	$762K	<0.1%
SIERRA RECEIVABLES 1.350% Due 9/20/38	—	—	$746K	$762K	<0.1%
AEP TEXAS CENTRAL 2.2939% Due 8/01/31	—	—	$777K	$753K	<0.1%
G N M A GTD REMIC 5.000% Due 4/20/53	—	—	$735K	$749K	<0.1%
PUBLIC SERVICE NEW 3.814% Due 2/01/35	—	—	$843K	$746K	<0.1%
TARGA RESOURCES L P 6.875% Due 1/15/29	—	—	$731K	$724K	<0.1%
MUELLER INDS INC	—	—	$744K	$713K	<0.1%
SHARKNINJA INC	—	—	$560K	$708K	<0.1%
DOXIMITY INC CL A	—	—	$385K	$692K	<0.1%
JABIL INC SR NT 1.700% Due 4/15/26	—	—	$659K	$691K	<0.1%
U S TREASURY BD 3.375% Due 11/15/48	—	—	$1.1M	$681K	<0.1%
PLANET FITNESS INC CL A	—	—	$430K	$669K	<0.1%
CHEMED CORP	—	—	$567K	$669K	<0.1%
CIENA CORP	—	—	$747K	$666K	<0.1%
VERIZON MASTER 5.340% Due 4/22/30	—	—	$650K	$662K	<0.1%
U S TREASURY NT 3.375% Due 5/15/33	—	—	$647K	$659K	<0.1%
F N M A #FS3364 3.000% Due 4/01/52	—	—	$684K	$653K	<0.1%
POOL CORPORATION	—	—	$740K	$643K	<0.1%
KEURIG DR PEPPER INC 4.597% Due 5/25/28	—	—	$751K	$639K	<0.1%
CASELLA WASTE SYSTEMS INC A	—	—	$421K	$638K	<0.1%
CONFLUENT INC CL A	—	—	$715K	$635K	<0.1%
CLEARWATER ANALYTICS HLDGS INC CL A	—	—	$483K	$632K	<0.1%
PURE STORAGE INC CLASS A	—	—	$723K	$618K	<0.1%
PILGRIMS PRIDE CORP 4.250% Due 4/15/31	—	—	$616K	$615K	<0.1%
CMS ENERGY CORP 3.750% Due 12/01/50	—	—	$711K	$609K	<0.1%
BWX TECHNOLOGIES INC	—	—	$488K	$604K	<0.1%
NYSEG STORM FDG LLC 4.713% Due 5/01/31	—	—	$600K	$601K	<0.1%
WORLD OMNI AUTO 1.040% Due 6/15/27	—	—	$569K	$599K	<0.1%
U S TREASURY NT 0.625% Due 8/15/30	—	—	$573K	$590K	<0.1%
WHIRLPOOL CORP COM	—	—	$805K	$590K	<0.1%
CITIGROUP CAPITAL XIII 7.875%	—	—	$530K	$583K	<0.1%
ENCOMPASS HEALTH CORPORATION	—	—	$262K	$582K	<0.1%
Q2 HOLDINGS INC	—	—	$597K	$576K	<0.1%
WARNERMEDIA HLDGS 3.755% Due 3/15/27	—	—	$580K	$575K	<0.1%
APPFOLIO INC A	—	—	$611K	$575K	<0.1%
PARSONS CORP	—	—	$599K	$557K	<0.1%
THE BRINKS CO	—	—	$472K	$554K	<0.1%
GUIDEWIRE SOFTWARE INC	—	—	$256K	$553K	<0.1%
EXLSERVICE HOLDINGS INC	—	—	$371K	$553K	<0.1%
APACHE CORP 4.875% Due 11/15/27	—	—	$533K	$548K	<0.1%
ENERGY TRAN PTNR 4.900% Due 3/15/35	—	—	$614K	$546K	<0.1%
THE BALDWIN INSURANCE GROUP INC	—	—	$678K	$543K	<0.1%
WAYSTAR HLDG CORP	—	—	$564K	$543K	<0.1%
EPAM SYS INC COM	—	—	$715K	$535K	<0.1%
MAPLEBEAR INC COM	—	—	$473K	$532K	<0.1%
BUNGE LTD FIN CORP 2.750% Due 5/14/31	—	—	$580K	$531K	<0.1%
STRIDE INC	—	—	$223K	$530K	<0.1%
PLAINS ALL AMERN PIP 6.700% Due 5/15/36	—	—	$500K	$529K	<0.1%
INSMED INC	—	—	$216K	$526K	<0.1%
LANCASTER COLONY CORP	—	—	$557K	$523K	<0.1%
KILROY REALTY L P 4.250% Due 8/15/29	—	—	$521K	$520K	<0.1%
ALASKA AIRLINES 4.800% Due 2/15/29	—	—	$481K	$515K	<0.1%
FTAI AVIATION LTD SHS	—	—	$604K	$514K	<0.1%
DISCOVER CARD EXE 3.560% Due 7/15/27	—	—	$496K	$499K	<0.1%
U S TREASURY BILL Due 8/05/25	—	—	$493K	$496K	<0.1%
GLOBUS MED INCA	—	—	$629K	$492K	<0.1%
SUNTRUST CAPITAL 5.07748% Due 5/15/27	—	—	$441K	$492K	<0.1%
G N M A GTD REMIC 5.000% Due 8/20/53	—	—	$489K	$489K	<0.1%
BROADCOM INC SR GLBL 4.150% Due 11/15/30	—	—	$557K	$488K	<0.1%
G N M A I #MA8724 4.500% Due 3/20/53	—	—	$500K	$487K	<0.1%
CHASE ISSUANCE 5.080% Due 9/16/30	—	—	$484K	$487K	<0.1%
EAGLE MATERIALS INC	—	—	$487K	$487K	<0.1%
BLUEPRINT MEDICINES CORP	—	—	$407K	$478K	<0.1%
U S TREASURY NT 4.250% Due 11/15/40	—	—	$727K	$470K	<0.1%
ACV AUCTIONS INC	—	—	$554K	$458K	<0.1%
EMPIRE DIST LLC 4.9429% Due 1/01/35	—	—	$456K	$457K	<0.1%
PAYLOCITY HOLDING CORP	—	—	$490K	$453K	<0.1%
BELLSOUTH CORP 6.000% Due 11/15/34	—	—	$562K	$452K	<0.1%
CHASE ISSUANCE 3.970% Due 9/15/27	—	—	$446K	$449K	<0.1%
WHITECAP RES INC COM NEW	—	—	$573K	$441K	<0.1%
AMPHENOL CORP 2.200% Due 9/15/31	—	—	$492K	$433K	<0.1%
DELL INTL LLC EMC 6.020% Due 6/15/26	—	—	$513K	$432K	<0.1%
APPALACHIAN CONSUME 3.7722% Due 8/01/31	—	—	$423K	$428K	<0.1%
WELLTOWER INC 2.750% Due 1/15/31	—	—	$390K	$425K	<0.1%
CLEAN HBRS INC	—	—	$383K	$423K	<0.1%
GLAUKOS CORP	—	—	$586K	$423K	<0.1%
BNSF FNDG TR I 6.613% Due 12/15/55	—	—	$452K	$421K	<0.1%
WESTERN ALLIANCE BANCORPORATION	—	—	$385K	$420K	<0.1%
ADVANCED DRAINAGE SYSTEMS IN	—	—	$427K	$416K	<0.1%
CHURCHILL DOWNS INC	—	—	$578K	$413K	<0.1%
NICE LTD A D R	—	—	$420K	$413K	<0.1%
FORD MOTOR CREDIT 6.054% Due 11/05/31	—	—	$409K	$409K	<0.1%
U S DEPT HSG & URB 3.460% Due 8/01/31	—	—	$428K	$408K	<0.1%
MP ENVIRONMENTAL 5.5225% Due 7/15/28	—	—	$431K	$404K	<0.1%
RADIAN GROUP INC 4.875% Due 3/15/27	—	—	$437K	$399K	<0.1%
CAPITAL ONE MULTI 2.060% Due 8/15/28	—	—	$403K	$397K	<0.1%
WILLSCOT HLDGS CORP COM CL A	—	—	$607K	$392K	<0.1%
F N M A GTD REMIC 2.961% Due 2/25/27	—	—	$446K	$391K	<0.1%
FRESHPET INC	—	—	$335K	$388K	<0.1%
KRAFT FOODS GROUP 6.500% Due 2/09/40	—	—	$493K	$388K	<0.1%
TWIST BIOSCIENCE CORP	—	—	$617K	$382K	<0.1%
TPG INC COM CL A	—	—	$394K	$380K	<0.1%

Showing top 200 of 335 investments by value.