Original filing (PDF)20251016173537NAL0008808592001

BOARD OF TRUSTEES, UNITED ASSOCIATION UNION LOCAL NO.

Name: BOARD OF TRUSTEES, UNITED ASSOCIATION UNION LOCAL NO. — UA LOCAL 290 PLUMBER, STEAMFITTER & SHIPFITTER PENSION PLAN, Form 5500 (2024)
Creator: BOARD OF TRUSTEES, UNITED ASSOCIATION UNION LOCAL NO.

Form 5500

FILING_RECEIVED

UA LOCAL 290 PLUMBER, STEAMFITTER & SHIPFITTER PENSION PLAN

Defined-benefit pension plan

Signals · 2

No recordkeeper disclosed17 service providers

Active participants

3,642

Accounts w/ balance

Plan assets (EOY)

$1.3B

Net assets (EOY)

$1.3B

How this plan invests

This plan

4 pooled trusts

Schedule D

191 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

37 bps in Schedule C fees — 637% 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, UNITED ASSOCIATION UNION LOCAL NO..

Plan sponsor

Name

BOARD OF TRUSTEES, UNITED ASSOCIATION UNION LOCAL NO.

DBA

290 PLUMBER, STEAMFITTER AND

EIN

93-6021114

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

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-16

Pension benefit codes

1B · Flat-dollar DB formula

Audit & trust (Schedule H)

Auditor

MILLER KAPLAN ARASE LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

17 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
WASHINGTON CAPITAL MANAGEMENT, INC.	91-1042342	—	NONE	$1.1M	—
VOYA INVESTMENT MANAGEMENT	06-1440627	—	NONE	$557K	—
ZENITH AMERICAN SOLUTIONS	52-1590516	—	NONE	$546K	—
NEWTON INVESTMENT MANAGEMENT LLC	—	—	NONE	$495K	—
INTECH INVESTMENT MANAGEMENT LLC	01-0614895	—	NONE	$352K	—
US BANK	31-0841368	—	NONE	$215K	—
MESIROW FINANCIAL	27-0534067	—	NONE	$211K	—
WESTERN ASSET MANAGEMENT CO, LLC	52-1200960	—	NONE	$199K	—
DIMENSIONAL FUND ADVISORS	30-0447847	—	NONE	$189K	—
MILLIMAN, INC.	91-0675641	—	NONE	$163K	—
PANAGORA ASSET MANAGEMENT, INC.	04-3063840	—	NONE	$154K	—
VERUS ADVISORY, INC	91-1320111	—	NONE	$129K	—
NUWEST INSURANCE SERVICES	36-1436000	—	NONE	$118K	—
LOOMIS, SAYLES & COMPANY, L.P.	—	—	NONE	$80K	—
LOOMIS, SAYLES & COMPANY LP	04-3200030	—	NONE	$80K	—
BARLOW COUGHRAN MORALES & JOSEPHSON	91-0889948	—	NONE	$57K	—
MILLER KAPLAN ARASE LLP	95-2036255	—	NONE	$49K	—

Investments

189 direct securities · 4 pooled funds· $1.1B(83% 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

$796.0M

188 holdings

103-12 Investment Entity

$258.4M

4 holdings

Corporate Bonds

$841K

1 holding

Investment	Type	Shares / units	Cost	Current value	% of plan
WASHINGTON CAPITAL JT MASTER TRUST WASHINGTON CAPITAL MANAGEMENT, INC. · EIN 91-1163419 / PN 001	103-12 Investment Entity	—	—	$141.5M	11.2%
DODGE & COX STOCK FUND	—	—	$197.3M	$120.8M	9.5%
METROPOLITAN WEST TOTAL RETURN	—	—	$89.8M	$108.1M	8.5%
VANGUARD TOTAL STOCK MARKET INDEX	—	—	$111.1M	$102.2M	8.1%
SMALLCAP VALUE SUBTRUST DIMENSIONAL FUND ADVISORS LP · EIN 23-6819730 / PN 001	103-12 Investment Entity	—	—	$69.5M	5.5%
AMERICAN EURO PAC GROWTH FDCL R6	—	—	$57.3M	$51.5M	4.1%
PANAGORA RISK PARITY MULTI ASSET PANAGORA ASSET MGMT, INC. · EIN 04-3183235 / PN 004	103-12 Investment Entity	—	—	$44.0M	3.5%
PANAGORA RISK PARITY MULTI ASSET	—	—	$44.0M	$40.0M	3.2%
E.I.N. 93-6021114; PLAN NO. 001 DECEMBER 31, 2024 No. of Fair Shares Mutual and Exchange Traded Funds Value Cost 874,390 DODGE & COX INTERNATIONAL STOCK FUND	—	—	$43.6M	$33.5M	2.6%
Money Market Fund 32,550,064 FIRST AMERICAN TREASURY OBLIGATION FUND	—	—	$32.6M	$32.6M	2.6%
VANGUARD INFLATION PROTECTED SEC FD	—	—	$26.6M	$30.7M	2.4%
WA CAP JT MASTER TR MTG INCOME FD	—	—	$64.2M	$28.5M	2.2%
WA CAP JT MASTER TR RE EQUITY FD	—	—	$77.4M	$26.1M	2.1%
ISHARES IBOXX INVST GRADE CRP ETF	—	—	$20.6M	$21.2M	1.7%
103-12 Entities 12,831 DFA US SMALL CAP VALUE TRUST	—	—	$69.5M	$14.1M	1.1%
MESIROW FIN REAL ESTATE VAL FD IV LP	—	—	$8.0M	$7.4M	0.6%
MESIROW FINANCIAL REAL ESTATE III LP	—	—	$9.2M	$6.1M	0.5%
U S Treasury Nt 4.250% 1/31/26	—	—	$6.0M	$6.0M	0.5%
U S Treasury Nt 3.625% 8/31/29	—	—	$3.9M	$3.9M	0.3%
QUEST GROUP TRUST VI FUND QUEST INVESTMENT MANAGEMENT, INC. · EIN 93-6195889 / PN 075	103-12 Investment Entity	—	—	$3.4M	0.3%
U S Treasury Nt 3.875% 4/30/25	—	—	$3.0M	$3.0M	0.2%
U S Treasury Nt 3.875% 8/15/33	—	—	$2.4M	$2.4M	0.2%
U S Treasury Bd 4.125% 8/15/53	—	—	$2.2M	$2.4M	0.2%
F N M A #Bm5137 4.500% 6/01/44	—	—	$1.9M	$1.9M	0.2%
F H L M C #Sd6814 3.000% 6/01/44	—	—	$1.6M	$1.7M	0.1%
F N M A #Cb4678 5.000% 9/01/52	—	—	$1.6M	$1.6M	0.1%
F N M A Fs8210 6.000% 5/01/54	—	—	$1.6M	$1.6M	0.1%
Oncor Electric 4.100% 11/15/48	—	—	$1.4M	$1.5M	0.1%
Wells Fargo Company 3.900% 5/01/45	—	—	$1.4M	$1.5M	0.1%
Csail Commercial 3.1755% 9/15/50	—	—	$1.5M	$1.5M	0.1%
F N M A #Fs4174 6.500% 3/01/53	—	—	$1.5M	$1.5M	0.1%
Public Storage 5.350% 8/01/53	—	—	$1.4M	$1.5M	0.1%
Credit Agricole 4.125% 1/10/27	—	—	$1.5M	$1.5M	0.1%
F N M A #Bm4857 4.000% 3/01/48	—	—	$1.4M	$1.5M	0.1%
F N M A #Bh5752 3.500% 11/01/47	—	—	$1.4M	$1.5M	0.1%
U S Treasury Nt 3.500% 9/30/26	—	—	$1.4M	$1.4M	0.1%
F N M A Fs9444 6.000% 10/01/53	—	—	$1.4M	$1.4M	0.1%
Ubs Group Ag 4.875% 5/15/45	—	—	$1.3M	$1.4M	0.1%
Diageo Inv Corp 4.250% 5/11/42	—	—	$1.3M	$1.4M	0.1%
Contract Value Cost Investment Service Contract AETNA INVESTMENT SERVICE CONTRACT	—	—	$1.4M	$1.4M	0.1%
Realty Income Corp 4.650% 3/15/47	—	—	$1.3M	$1.4M	0.1%
F H L M C Sd3482 5.500% 7/01/53	—	—	$1.4M	$1.4M	0.1%
F H L M C #Sd6643 5.000% 3/01/50	—	—	$1.3M	$1.4M	0.1%
F H L M C #Sd7535 2.500% 2/01/51	—	—	$1.3M	$1.3M	0.1%
Barclays Plc 4.950% 1/10/47	—	—	$1.2M	$1.3M	0.1%
F N M A Fs5968 6.000% 10/01/53	—	—	$1.3M	$1.3M	0.1%
Huntington National 5.650% 1/10/30	—	—	$1.3M	$1.3M	0.1%
Reliance Stand Mtn 2.750% 1/21/27	—	—	$1.3M	$1.3M	0.1%
F N M A Bo5026 3.000% 12/01/49	—	—	$1.2M	$1.3M	0.1%
Athene Global Mtn 2.500% 3/24/28	—	—	$1.3M	$1.3M	0.1%
Georgia Power Co 4.300% 3/15/43	—	—	$1.2M	$1.3M	0.1%
Societe Generale Mtn 3.000% 1/22/30	—	—	$1.2M	$1.3M	<0.1%
Bhp Billiton Fin 5.000% 9/30/43	—	—	$1.2M	$1.3M	<0.1%
Metlife Inc 4.875% 11/13/43	—	—	$1.2M	$1.3M	<0.1%
Pfizer Inc 4.125% 12/15/46	—	—	$1.1M	$1.2M	<0.1%
Goldman Sachs Group 6.250% 2/01/41	—	—	$1.2M	$1.2M	<0.1%
Centerpoint Energy 5.400% 7/01/34	—	—	$1.2M	$1.2M	<0.1%
Tampa Elec Co 5.000% 7/15/52	—	—	$1.1M	$1.2M	<0.1%
Global Atlantic 7.950% 6/15/33	—	—	$1.2M	$1.2M	<0.1%
Cargill Inc 4.760% 11/23/45	—	—	$1.2M	$1.2M	<0.1%
Target Corp 3.625% 4/15/46	—	—	$1.1M	$1.2M	<0.1%
Kentucky Pwr Co 7.000% 11/15/33	—	—	$1.2M	$1.2M	<0.1%
Walt Disney Company 5.400% 10/01/43	—	—	$1.2M	$1.2M	<0.1%
Banco Santander Sa 5.294% 8/18/27	—	—	$1.2M	$1.2M	<0.1%
City of Hope 5.623% 11/15/43	—	—	$1.1M	$1.2M	<0.1%
Duke Energy Progress 4.375% 3/30/44	—	—	$1.1M	$1.2M	<0.1%
Morgan Stanley Mtn 4.375% 1/22/47	—	—	$1.1M	$1.2M	<0.1%
QUEST GROUP TRUST VI FD	—	—	$3.4M	$1.2M	<0.1%
Raymond James 4.950% 7/15/46	—	—	$1.1M	$1.2M	<0.1%
Simon Property Group 6.750% 2/01/40	—	—	$1.2M	$1.2M	<0.1%
Csx Corp 6.220% 4/30/40	—	—	$1.1M	$1.2M	<0.1%
Barrick Na Finance 5.700% 5/30/41	—	—	$1.1M	$1.2M	<0.1%
F N M A #Fs9309 5.500% 10/01/53	—	—	$1.2M	$1.2M	<0.1%
Midamerican Energy 6.125% 4/01/36	—	—	$1.1M	$1.2M	<0.1%
Con Edison Ny 6.750% 4/01/38	—	—	$1.1M	$1.2M	<0.1%
Hyundai Cap Mtn 6.200% 9/21/30	—	—	$1.1M	$1.2M	<0.1%
Brooklyn Union Gas 6.388% 9/15/33	—	—	$1.1M	$1.2M	<0.1%
Comcast Corp 4.750% 3/01/44	—	—	$1.1M	$1.2M	<0.1%
Erac USA Fin Co 5.625% 3/15/42	—	—	$1.1M	$1.2M	<0.1%
Avalonbay Mtn 3.900% 10/15/46	—	—	$1.1M	$1.2M	<0.1%
France Telecom 5.375% 1/13/42	—	—	$1.1M	$1.1M	<0.1%
Starbucks Corp 4.300% 6/15/45	—	—	$1.0M	$1.1M	<0.1%
Everest Reinsurance 4.868% 6/01/44	—	—	$1.0M	$1.1M	<0.1%
Bae Systems Plc 5.800% 10/11/41	—	—	$1.1M	$1.1M	<0.1%
F N M A Tba 30Yr 4.000% 12/15/44	—	—	$1.1M	$1.1M	<0.1%
Pernod Ricard Sa 5.500% 1/15/42	—	—	$1.0M	$1.1M	<0.1%
Coca Cola Co Sr Nt 2.600% 6/01/50	—	—	$991K	$1.1M	<0.1%
Solvay Fin Amer LLC 5.850% 6/04/34	—	—	$1.0M	$1.1M	<0.1%
Marsh McLennan Cos 2.900% 12/15/51	—	—	$963K	$1.0M	<0.1%
Cousins Pptys 5.875% 10/01/34	—	—	$996K	$1.0M	<0.1%
F N M A Fm6394 2.000% 2/01/51	—	—	$973K	$1.0M	<0.1%
F N M A #Fm2985 4.000% 12/01/44	—	—	$979K	$999K	<0.1%
Virginia Electric 6.000% 5/15/37	—	—	$938K	$983K	<0.1%
United Parcel Svc 3.625% 10/01/42	—	—	$915K	$971K	<0.1%
Citigroup Inc 4.650% 7/30/45	—	—	$903K	$954K	<0.1%
Wea Finance LLC 2.875% 1/15/27	—	—	$947K	$946K	<0.1%
Jefferies Group Inc 6.250% 1/15/36	—	—	$909K	$945K	<0.1%
Corning Inc 5.750% 8/15/40	—	—	$910K	$945K	<0.1%
Amgen Inc 6.400% 2/01/39	—	—	$885K	$945K	<0.1%
IBM Corp 4.250% 5/15/49	—	—	$883K	$943K	<0.1%
Cox Communications 2.600% 6/15/31	—	—	$931K	$941K	<0.1%
Sempra LP 3.250% 1/15/32	—	—	$927K	$941K	<0.1%
Enstar Group Ltd 4.950% 6/01/29	—	—	$929K	$938K	<0.1%
Sammons Financial 3.350% 4/16/31	—	—	$932K	$935K	<0.1%
SPDR S&P BIOTECH ETF	—	—	$1.1M	$933K	<0.1%
Belrose Fgd Tr Pfd 2.330% 8/15/30	—	—	$927K	$930K	<0.1%
Kroger Co 6.900% 4/15/38	—	—	$880K	$928K	<0.1%
Blue Owl Finance LLC 6.250% 4/18/34	—	—	$914K	$926K	<0.1%
Xstrata Finance Ca 5.550% 10/25/42	—	—	$887K	$925K	<0.1%
Var Energi Asa 8.000% 11/15/32	—	—	$896K	$923K	<0.1%
Black Hills Corp 6.000% 1/15/35	—	—	$907K	$923K	<0.1%
F N M A Fs8086 6.500% 6/01/54	—	—	$886K	$891K	<0.1%
Lundin Energy 3.100% 7/15/31	—	—	$864K	$882K	<0.1%
E.I.N. 93-6021114; PLAN NO. 001 DECEMBER 31, 2024 Par Fair Value U.S. Government Bonds Value Cost $ 1,000,000 F N M A Tba 30Yr 3.000% 1/15/47	—	—	$849K	$873K	<0.1%
Verizon 4.522% 9/15/48	—	—	$805K	$870K	<0.1%
Intesa Sanpaolo Mtn 4.9025% 6/20/33	—	—	$836K	$862K	<0.1%
Liberty Utils Co 5.869% 1/31/34	—	—	$821K	$857K	<0.1%
Deutsche Tel Fin 4.875% 3/06/42	—	—	$811K	$854K	<0.1%
Sixth Street 6.950% 8/14/28	—	—	$839K	$847K	<0.1%
Targa Res Corp Sr Nt 5.500% 2/15/35	—	—	$817K	$846K	<0.1%
Golub Cap Bdc 6.000% 7/15/29	—	—	$834K	$843K	<0.1%
Ares Capital Corp 5.950% 7/15/29	—	—	$834K	$842K	<0.1%
Plains All Amern LP 5.700% 9/15/34	—	—	$818K	$842K	<0.1%
750,000 Aetna Inc 6.750% 12/15/37	Corporate Bonds	—	$791K	$841K	<0.1%
Albemarle Corp 5.050% 6/01/32	—	—	$809K	$840K	<0.1%
Heinz H J Co 7.125% 8/01/39	—	—	$794K	$839K	<0.1%
Nutrien Ltd 5.875% 12/01/36	—	—	$798K	$835K	<0.1%
Lxp Industrial Trust 6.750% 11/15/28	—	—	$822K	$834K	<0.1%
Broadcom Inc 4.926% 5/15/37	—	—	$808K	$834K	<0.1%
Hasbro Inc 6.050% 5/14/34	—	—	$803K	$832K	<0.1%
Boardwalk LP 3.600% 9/01/32	—	—	$808K	$831K	<0.1%
Siriuspoint Ltd 7.000% 4/05/29	—	—	$812K	$830K	<0.1%
Volkswagen Group 5.600% 3/22/34	—	—	$785K	$829K	<0.1%
Whirlpool Corp 5.750% 3/01/34	—	—	$799K	$828K	<0.1%
General Motors Co 5.000% 4/01/35	—	—	$798K	$828K	<0.1%
Kinder Morgan Energy 5.800% 3/15/35	—	—	$795K	$826K	<0.1%
Citigroup Inc 4.650% 7/23/48	—	—	$762K	$823K	<0.1%
Blue Owl Capital 5.950% 3/15/29	—	—	$808K	$819K	<0.1%
F N M A Fs9678 3.000% 9/01/46	—	—	$801K	$810K	<0.1%
Antares Hldgs LP 7.950% 8/11/28	—	—	$786K	$794K	<0.1%
Nucor Corp 6.400% 12/01/37	—	—	$737K	$780K	<0.1%
Whistler LLC 5.900% 9/30/34	—	—	$752K	$778K	<0.1%
Retail LP 6.750% 10/15/28	—	—	$768K	$769K	<0.1%
U S Treasury Bd 4.250% 8/15/44	—	—	$733K	$764K	<0.1%
Southern Cal Ed 5.950% 2/01/38	—	—	$722K	$755K	<0.1%
Brighthouse Mtn 5.550% 4/09/27	—	—	$746K	$751K	<0.1%
Fs Kkr Cap Corp 3.125% 10/12/28	—	—	$747K	$742K	<0.1%
Boeing Co 6.875% 3/15/39	—	—	$706K	$729K	<0.1%
Illumina Inc 2.550% 3/23/31	—	—	$698K	$704K	<0.1%
G N M A II #Ma4004 3.500% 10/20/46	—	—	$688K	$704K	<0.1%
Owens Corning New 7.000% 12/01/36	—	—	$672K	$704K	<0.1%
Enterprise Prods 4.950% 2/15/35	—	—	$663K	$691K	<0.1%
Northrop Grumman 4.950% 3/15/53	—	—	$634K	$681K	<0.1%
Siemens 4.200% 3/16/47	—	—	$626K	$677K	<0.1%
F H L M C Gtd Remic 2.000% 6/01/52	—	—	$654K	$672K	<0.1%
Volkswagen Group 6.450% 11/16/30	—	—	$621K	$647K	<0.1%
U S Treasury Bd 5.000% 11/15/53	—	—	$594K	$627K	<0.1%
Statoil Asa 3.950% 5/15/43	—	—	$586K	$626K	<0.1%
F H L M C #Sd7051 2.500% 11/01/51	—	—	$606K	$622K	<0.1%
F H L M C #Ra6397 2.500% 11/01/51	—	—	$591K	$606K	<0.1%
Enact Hldgs Inc 6.250% 5/28/29	—	—	$586K	$594K	<0.1%
U S Treasury Bd 4.250% 2/15/54	—	—	$529K	$588K	<0.1%
Cox Communications 3.500% 8/15/27	—	—	$580K	$583K	<0.1%
Toronto Dominion Mtn 4.783% 12/17/29	—	—	$543K	$550K	<0.1%
Avolon Hldgs Fdg Ltd 5.150% 1/15/30	—	—	$539K	$549K	<0.1%
Kkr Group LP 4.850% 5/17/32	—	—	$525K	$542K	<0.1%
F H L M C #Qc9792 2.000% 11/01/51	—	—	$509K	$524K	<0.1%
Oracle Corp 6.125% 7/08/39	—	—	$466K	$489K	<0.1%
Jackson Financial 3.125% 11/23/31	—	—	$469K	$478K	<0.1%
Southern Cal Ed 5.500% 3/15/40	—	—	$453K	$476K	<0.1%
Fairfax Finl Hldgs 5.625% 8/16/32	—	—	$440K	$444K	<0.1%
McDonalds Corp Mtn 3.700% 2/15/42	—	—	$395K	$426K	<0.1%
Ecolab Inc 5.500% 12/08/41	—	—	$369K	$388K	<0.1%
F N M A Tba 30Yr 4.500% 12/15/44	—	—	$386K	$386K	<0.1%
Oracle Corp 6.500% 4/15/38	—	—	$333K	$348K	<0.1%
Pacific Gas Elec Co 5.900% 6/15/32	—	—	$339K	$343K	<0.1%
U S Treasury Nt 4.500% 11/15/54	—	—	$296K	$312K	<0.1%
Verizon 5.012% 4/15/49	—	—	$277K	$300K	<0.1%
6297782 LLC 5.584% 10/01/34	—	—	$287K	$297K	<0.1%
Public Svc Co 5.200% 1/15/35	—	—	$271K	$280K	<0.1%
Morgan Stanley 4.300% 1/27/45	—	—	$239K	$262K	<0.1%
Virginia Elec & Pwr 6.000% 1/15/36	—	—	$238K	$250K	<0.1%
Florida Power Corp 6.400% 6/15/38	—	—	$237K	$248K	<0.1%
Canadian Pac Rr Co 5.950% 5/15/37	—	—	$238K	$248K	<0.1%
Blackstone Private 5.950% 7/16/29	—	—	$247K	$247K	<0.1%
Nmi Hldgs Inc 6.000% 8/15/29	—	—	$241K	$246K	<0.1%
Blackstone Private 6.250% 1/25/31	—	—	$244K	$246K	<0.1%
Florida Pwr Lt 5.690% 3/01/40	—	—	$235K	$244K	<0.1%
Blackstone Private 7.300% 11/27/28	—	—	$242K	$244K	<0.1%
Puget Sound Enrg 5.757% 10/01/39	—	—	$227K	$242K	<0.1%
International 3.430% 2/09/52	—	—	$205K	$220K	<0.1%
F N M A #Cb2610 2.000% 1/01/52	—	—	$154K	$159K	<0.1%
Limited Partnerships MESIROW FINANCIAL REAL ESTATE II LP	—	—	$99K	$99K	<0.1%