Original filing (PDF)20251016180802NAL0013466882001

BOARD OF TRUSTEES, U.A. UNION LOCAL NO. 290 PLUMBER,

Name: BOARD OF TRUSTEES, U.A. UNION LOCAL NO. 290 PLUMBER, — U.A. UNION LOCAL NO. 290 PLUMBER, STEAMFITTER AND SHIPFITTER INDUSTRY HEALTH AND WELFARE PLAN, Form 5500 (2024)
Creator: BOARD OF TRUSTEES, U.A. UNION LOCAL NO. 290 PLUMBER,

Form 5500

FILING_RECEIVED

U.A. UNION LOCAL NO. 290 PLUMBER, STEAMFITTER AND SHIPFITTER INDUSTRY HEALTH AND WELFARE PLAN

Health & welfare plan

Signals · 4

47% in single holding~87 bps in Sched C feesNo recordkeeper disclosed13 service providers

Active participants

3,717

Accounts w/ balance

—

Plan assets (EOY)

$227.0M

Net assets (EOY)

$136.5M

How this plan invests

This plan

48 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

Total plan cost

Vendor stack

Participation health

100

Knocking points off

Top holding "First American Government Obligation Fund" is 47% of plan.
87 bps in Schedule C fees — 769% 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 BOARD OF TRUSTEES, U.A. UNION LOCAL NO. 290 PLUMBER,.

Plan sponsor

Name

BOARD OF TRUSTEES, U.A. UNION LOCAL NO. 290 PLUMBER,

DBA

STEAMFITTER AND SHIPFITTER

EIN

93-6021113

Address

12205 SW TUALATIN RD STE 200 · TUALATIN, OR · 97062

Phone

(866) 796-2305

Industry

Plumbing, Heating, AC Contractors· Constructionsee 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

2025-10-16

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4D · Dental

4E · Vision

4F · Temporary Disability (accident and sickness)

4L · Death Benefits (other than life insurance)

4Q · Other

Audit & trust (Schedule H)

Auditor

MILLER KAPLAN ARASE LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

13 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
ZENITH AMERICAN SOLUTIONS	52-1590516	—	NONE	$1.3M	—
INNOVATIVE CARE MANAGEMENT, INC.	93-1087669	—	NONE	$222K	—
US BANK	31-0841368	—	NONE	$72K	—
MILLER KAPLAN ARASE LLP	95-2036255	—	NONE	$70K	—
PROPEL INSURANCE	91-0830024	—	NONE	$65K	—
PSG CONSULTING, LLC	27-2345574	—	NONE	$48K	—
TORI A GETER	—	CORVALLIS, OR	NONE	$36K	—
NUWEST INSURANCE SERVICES	36-1436000	—	NONE	$33K	—
BARLOW COUGHRAN MORALES & JOSEPHSON	91-0889948	—	NONE	$32K	—
VERUS ADVISORY, INC.	91-1320111	—	NONE	$20K	—
LIFE LINE SCREENING	—	AUSTIN, TX	NONE	$12K	—
BROWNSTEIN RASK LLP	93-0589000	—	NONE	$9K	—
J THAYER COMPANY	93-1318092	—	NONE	$6K	—

Investments

48 direct securities· $216.7M(95% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
First American Government Obligation Fund	—	101,269,738	$101.3M	$101.3M	44.6%
Metropolitan West Total Return Bond Fund	—	4,178,428	$44.7M	$37.1M	16.3%
Vanguard Star Fund	—	1,028,681	$27.0M	$28.3M	12.5%
Ishares Iboxx Investment Grade Crp ETF	—	90,000	$9.8M	$9.6M	4.2%
Vanguard Reserves Federal Money Market Fund	—	8,517,075	$8.5M	$8.5M	3.8%
Vanguard Inflation Protected Securities Fund	—	767,644	$7.9M	$7.0M	3.1%
US Treasury Nt 4.250% 1/31/26	—	2,500,000	$2.5M	$2.5M	1.1%
US Treasury Nt 3.625% 8/31/29	—	1,900,000	$1.8M	$1.8M	0.8%
US Treasury Bd 5.000% 11/15/53	—	1,400,000	$1.4M	$1.4M	0.6%
US Treasury Nt 3.875% 8/15/33	—	1,200,000	$1.2M	$1.1M	0.5%
US Treasury Nt 3.500% 9/30/26	—	1,110,000	$1.1M	$1.1M	0.5%
US Treasury Nt 3.875% 4/30/25	—	1,000,000	$998K	$998K	0.4%
FNMA #Bm5137 4.500% 6/01/44	—	902,718	$892K	$873K	0.4%
FHLMC #Sd6814 3.000% 6/01/44	—	874,755	$792K	$768K	0.3%
FNMA #Cb4678 5.000% 9/01/52	—	764,250	$761K	$750K	0.3%
FNMA Fs8210 6.000% 5/01/54	—	709,156	$731K	$726K	0.3%
Csail Commercial 3.1755% 9/15/50	—	735,849	$711K	$710K	0.3%
FNMA #Fs4174 6.500% 3/01/53	—	656,419	$694K	$689K	0.3%
FNMA #Bm4857 4.000% 3/01/48	—	721,359	$690K	$676K	0.3%
FNMA Fs9444 6.000% 10/01/53	—	656,201	$669K	$664K	0.3%
FNMA #Bh5752 3.500% 11/01/47	—	739,463	$680K	$664K	0.3%
FHLMC Sd3482 5.500% 7/01/53	—	644,269	$648K	$640K	0.3%
FHLMC #Sd6643 5.000% 3/01/50	—	631,534	$630K	$620K	0.3%
FHLMC #Sd7535 2.500% 2/01/51	—	731,173	$623K	$607K	0.3%
FNMA Fs5968 6.000% 10/01/53	—	595,879	$611K	$606K	0.3%
FNMA Bo5026 3.000% 12/01/49	—	668,984	$599K	$583K	0.3%
FNMA Tba 30Yr 4.000% 12/15/44	—	600,000	$553K	$560K	0.2%
FNMA #Fs9309 5.500% 10/01/53	—	544,581	$547K	$541K	0.2%
FNMA #Fm2985 4.000% 12/01/44	—	485,899	$466K	$456K	0.2%
FNMA Fm6394 2.000% 2/01/51	—	570,695	$468K	$454K	0.2%
FNMA Fs8086 6.500% 6/01/54	—	399,820	$416K	$413K	0.2%
FHLMC #Qd8408 2.000% 3/01/52	—	479,796	$386K	$374K	0.2%
FNMA Fs9678 3.000% 9/01/46	—	403,648	$360K	$356K	0.2%
US Treasury Bd 4.250% 8/15/44	—	390,000	$361K	$353K	0.2%
GNMA II #Ma4004 3.500% 10/20/46	—	354,859	$328K	$321K	0.1%
FHLMC Gtd Remic 2.000% 6/01/52	—	2,411,021	$313K	$305K	0.1%
FHLMC #Sd7051 2.500% 11/01/51	—	343,526	$290K	$283K	0.1%
FHLMC #Ra6397 2.500% 11/01/51	—	331,822	$283K	$276K	0.1%
Toronto Dominion Mtn 4.783% 12/17/29	—	250,000	$250K	$247K	0.1%
Avolon Hldgs Fdg Ltd 5.150% 1/15/30	—	250,000	$249K	$245K	0.1%
Cox Communications 3.500% 8/15/27	—	250,000	$243K	$242K	0.1%
FHLMC #Qc9792 2.000% 11/01/51	—	301,691	$245K	$237K	0.1%
US Treasury Nt 4.500% 11/15/54	—	190,000	$187K	$181K	<0.1%
FNMA Tba 30Yr 3.000% 1/15/47	—	200,000	$175K	$170K	<0.1%
FNMA Tba 30Yr 4.500% 12/15/44	—	200,000	$805K	$148K	<0.1%
Public Svc Co 5.200% 1/15/35	—	130,000	$130K	$126K	<0.1%
FNMA #Cb2610 2.000% 1/01/52	—	91,341	$74K	$72K	<0.1%
First American Inst Prime Obligation Fund	—	1,714	$2K	$2K	<0.1%