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Original filing (PDF)20251009163822NAL0011901392001
MBA GROUP INSURANCE TRUST
Form 5500
FILING_RECEIVED
MBA HEALTH INSURANCE PROGRAM
Health & welfare plan
Signals · 4
61% in single holding~5730 bps in Sched C feesNo recordkeeper disclosed7 service providers
Active participants
14,979
Accounts w/ balance
—
Plan assets (EOY)
$18.1M
Net assets (EOY)
$12.9M
How this plan invests
This plan
10 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 "Party- Identity of issue, borrower, lessor, or Current in-interest other similar party Description of investment value * HomeStreet Bank Insured cash sweep account" is 61% of plan.
- 5730 bps in Schedule C fees — 19657% 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 MBA GROUP INSURANCE TRUST.
Plan sponsor
Name
MBA GROUP INSURANCE TRUST
EIN
91-6282535
Address
15375 SE 30TH PL STE 380 · BELLEVUE, WA · 980076500
Phone
(425) 641-7762
Industry
Finance & Insurancesee 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
2025-10-09
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4Q · Other
Audit & trust (Schedule H)
Auditor
SWEENEY CONRAD, P.S.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
7 rowsCustodian
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CHARLES SCHWAB & CO, INC. | 94-1737782 | — | TRUSTEE/CUSTODIAN | $14K | — |
Broker
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CAPITAL BENEFIT SERVICES, LLC | 91-1619527 | — | INSURANCE AGENT/BROKER | $7.0M | — |
| L/P INSURANCE SERVICES LLC | — | RENO, NV | INSURANCE AGENT | $18K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EPK & ASSOCIATES, INC. | 91-1947441 | — | PLAN ADMINISTRATOR | $3.0M | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SWEENEY CONRAD, P.S. | 91-1301672 | — | ACCOUNTANT | $34K | — |
Legal counsel
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PERKINS COIE | 91-0591206 | — | LAWYER | $76K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| FIRST CHOICE HEALTH | 91-1272766 | — | EMPLOYEE ASSISTANCE | $192K | — |
Investments
10 direct securities· $13.6M(75% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Party- Identity of issue, borrower, lessor, or Current in-interest other similar party Description of investment value * HomeStreet Bank Insured cash sweep account | — | — | — | $8.3M | 46.0% | |
| (Non-interest bearing cash) Dodge & Cox Income Fund Mutual fund | — | — | — | $1.4M | 7.5% | |
| PIMCO Short-Term Instl Fund Mutual fund | — | — | — | $1.4M | 7.5% | |
| Metropolitan West Total Return Bd Fund Mutual fund | — | — | — | $1.3M | 7.2% | |
| Schwab Total Stock Market Index Fund Mutual fund | — | — | — | $532K | 2.9% | |
| Cohen & Steers Instl Realty Shares Fund Mutual fund | — | — | — | $278K | 1.5% | |
| (Interest bearing cash) * HomeStreet Bank Business checking account | — | — | — | $250K | 1.4% | |
| American Funds Europacific Growth Fund Mutual fund | — | — | — | $225K | 1.2% | |
| (Non-interest bearing cash) * Charles Schwab Bank Investment account | — | — | — | $10K | <0.1% | |
| (Interest bearing cash) * Charles Schwab Bank Investment account | — | — | — | $8K | <0.1% |
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