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Original filing (PDF)20251013131558NAL0003000962001
BOARD OF TRUSTEES, AGC-IUOE LOCAL 701 HEALTH & WELFARE TRUST FUND
Form 5500
FILING_RECEIVED
AGC - INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 701 HEALTH & WELFARE TRUST FUND
Health & welfare plan
Signals · 3
~286 bps in Sched C feesNo recordkeeper disclosed18 service providers
Active participants
2,217
Accounts w/ balance
—
Plan assets (EOY)
$78.2M
Net assets (EOY)
$72.0M
How this plan invests
This plan
153 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 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
65
Vendor stack
80
Participation health
100
Knocking points off
- 286 bps in Schedule C fees — 1685% above peer band of 16 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES, AGC-IUOE LOCAL 701 HEALTH & WELFARE TRUST FUND.
Plan sponsor
Name
BOARD OF TRUSTEES, AGC-IUOE LOCAL 701 HEALTH & WELFARE TRUST FUND
EIN
93-6022485
Address
P.O. BOX 34203 · SEATTLE, WA · 98124
Phone
(206) 441-7574
Industry
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
2025-10-13
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
CLIFTONLARSONALLEN LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
18 rowsOther
18| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| WELFARE & PENSION ADMIN SERVICES | 91-1363171 | SEATTLE, WA | NONE | $894K | — |
| PREMERA | 91-0499247 | SEATTLE, WA | NONE | $631K | — |
| BRWN&BRWN OF WA DBA DIMARTINO ASSC | — | SEATTLE, WA | NONE | $120K | — |
| QUEST INVESTMENTS MGMT INC | 93-0880854 | PORTLAND, OR | NONE | $95K | — |
| AGC-IUOE LOCAL 701 TRAINING TRUST | 93-0634959 | SEATTLE, WA | NONE | $81K | — |
| BARLOW & COUGHRAN, P.S. | 91-0889948 | SEATTLE, WA | NONE | $78K | — |
| CHARTWELL INVESTMENT PARTNER | — | BERWYN, PA | NONE | $71K | — |
| ZELIS CLAIMS INTEGRITY | 47-4319823 | — | NONE | $69K | — |
| MEDICAL REHABILITATION CONSULTANTS | — | SPOKANE, WA | NONE | $56K | — |
| VISION SERVICE PLAN | 23-7089668 | LOS ANGELES, CA | NONE | $31K | — |
| CHANGE HEALTHCARE | — | NASHVILLE, TN | NONE | $31K | — |
| ALAFFIA HEALTH | — | NEW YORK, NY | NONE | $19K | — |
| PLATFORM CPAS, LLC. | 88-4342576 | HOLLADAY, UT | NONE | $18K | — |
| BANK OF AMERICA | 94-1687665 | WILMINGTON, DE | NONE | $11K | — |
| PRINT TIME | — | SEATTLE, WA | NONE | $9K | — |
| NEPC, LLC | — | BOSTON, MA | NONE | $8K | — |
| US BANK NATIONAL ASSOCIATION | 31-0841368 | — | NONE | $6K | — |
| UNITED PARCEL SERVICE | — | CHICAGO, IL | NONE | $5K | — |
Investments
150 direct securities· $66.6M(85% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| First Am Govt Ob Fd Cl Z Variable Rate | — | — | $2.6M | $2.6M | 3.3% | |
| U S TREASURY NT 3.500% 1/31/1930 | — | — | $2.6M | $2.5M | 3.2% | |
| U S TREASURY NT 1.125% 2/15/1931 | — | — | $2.5M | $2.5M | 3.2% | |
| U S TREASURY NT 2.875% 4/30/2029 | — | — | $2.3M | $2.2M | 2.8% | |
| U S TREASURY NT 1.250% 3/31/2028 | — | — | $2.0M | $1.8M | 2.4% | |
| U S TREASURY NT 2.250% 11/15/2027 | — | — | $1.9M | $1.8M | 2.3% | |
| U S TREASURY NT 1.375% 8/31/2026 | — | — | $1.9M | $1.8M | 2.3% | |
| U S TREASURY NT 2.250% 11/15/2025 | — | — | $1.6M | $1.5M | 1.9% | |
| U S TREASURY NT 1.625% 9/30/2026 | — | — | $1.3M | $1.3M | 1.7% | |
| U S TREASURY NT 3.125% 8/15/2025 | — | — | $1.3M | $1.3M | 1.7% | |
| U S TREASURY NT 2.625% 3/31/2025 | — | — | $1.3M | $1.3M | 1.7% | |
| ISHARES S P 100 ETF | — | — | $815K | $1.3M | 1.6% | |
| SPDR PORTFOLIO SP 500 GROWTH ETF | — | — | $774K | $1.2M | 1.6% | |
| U S TREASURY NT 2.375% 5/15/2027 | — | — | $1.1M | $1.1M | 1.5% | |
| PROSHARES S P 500 DIVIDEND ETF | — | — | $934K | $1.1M | 1.4% | |
| U S TREASURY NT 1.375% 11/15/1931 | — | — | $1.1M | $1.1M | 1.4% | |
| U S TREASURY NT 1.125% 8/31/2028 | — | — | $974K | $999K | 1.3% | |
| U S TREASURY NT 0.375% 11/30/2025 | — | — | $937K | $946K | 1.2% | |
| U S TREASURY NT 4.125% 10/31/2026 | — | — | $937K | $938K | 1.2% | |
| U S TREASURY NT 4.125% 9/30/2027 | — | — | $869K | $872K | 1.1% | |
| VANGUARD VALUE INDEX FUND ETF | — | — | $580K | $685K | 0.9% | |
| VANGUARD HIGH DIVIDEND YIELD ETF | — | — | $519K | $661K | 0.8% | |
| U S TREASURY NT 4.625% 2/28/2026 | — | — | $648K | $653K | 0.8% | |
| AMERICAN EXPRESS CO 6.338% 10/30/2026 | — | — | $567K | $567K | 0.7% | |
| INVESCO S P 500 EQUAL WEIGHT ETF | — | — | $505K | $561K | 0.7% | |
| U S TREASURY I P S 0.125% 4/15/2027 | — | — | $515K | $525K | 0.7% | |
| PHILIP MORRIS INTL 4.875% 2/13/2029 | — | — | $515K | $519K | 0.7% | |
| HEWLETT PACKARD 4.550% 10/15/2029 | — | — | $524K | $512K | 0.7% | |
| DUKE ENERGY CORP 5.000% 12/8/2025 | — | — | $508K | $511K | 0.7% | |
| JPMORGAN CHASE CO 4.452% 12/5/2029 | — | — | $505K | $510K | 0.7% | |
| U S TREASURY NT 0.750% 5/31/2026 | — | — | $492K | $495K | 0.6% | |
| ROYAL BK CDA MTN CV 4.510% 10/18/2027 | — | — | $470K | $468K | 0.6% | |
| SIMON PPTY GROUP LP 1.375% 1/15/2027 | — | — | $386K | $399K | 0.5% | |
| ARES CAPITAL CORP 3.250% 7/15/2025 | — | — | $387K | $396K | 0.5% | |
| GEORGIA PWR CO SR 5.004% 2/23/2027 | — | — | $389K | $393K | 0.5% | |
| HCA INC 5.200% 6/1/2028 | — | — | $379K | $381K | 0.5% | |
| TEGNA INC 4.625% 3/15/2028 | — | — | $368K | $378K | 0.5% | |
| TEVA PHARMACEUTICALS 3.150% 10/1/2026 | — | — | $365K | $375K | 0.5% | |
| VICI PROPERTIES L 4.750% 2/15/2028 | — | — | $365K | $372K | 0.5% | |
| HILLENBRAND INC 5.000% 9/15/2026 | — | — | $369K | $371K | 0.5% | |
| CARE CAPITAL 5.125% 8/15/2026 | — | — | $367K | $370K | 0.5% | |
| SBA COMMUNICATIONS 3.875% 2/15/2027 | — | — | $366K | $369K | 0.5% | |
| ENLINK MIDSTREAM 4.150% 6/1/2025 | — | — | $362K | $368K | 0.5% | |
| CENTENE CORP DEL SR 4.250% 12/15/2027 | — | — | $363K | $368K | 0.5% | |
| SILGAN HOLDINGS INC 4.125% 2/1/2028 | — | — | $364K | $367K | 0.5% | |
| UNDER ARMOUR INC 3.250% 6/15/2026 | — | — | $360K | $367K | 0.5% | |
| AECOM 5.125% 3/15/2027 | — | — | $364K | $366K | 0.5% | |
| WESTERN DIGITAL CORP 4.750% 2/15/2026 | — | — | $361K | $366K | 0.5% | |
| CROWN AMER CAP CORP 4.750% 2/1/2026 | — | — | $364K | $366K | 0.5% | |
| HILTON WORLDWIDE FIN 4.875% 4/1/2027 | — | — | $363K | $365K | 0.5% | |
| SERVICE CORP INTL 4.625% 12/15/2027 | — | — | $363K | $365K | 0.5% | |
| CHARTER COMM OPT LLC 4.908% 7/23/2025 | — | — | $361K | $365K | 0.5% | |
| TELEFLEX INC 4.625% 11/15/2027 | — | — | $361K | $363K | 0.5% | |
| UNITED RENTALS 5.500% 5/15/2027 | — | — | $364K | $363K | 0.5% | |
| BOYD GAMING CORP 4.750% 12/1/2027 | — | — | $362K | $363K | 0.5% | |
| CDW LLC CDW FINANCE 4.125% 5/1/2025 | — | — | $359K | $362K | 0.5% | |
| H B FULLER CO 4.250% 10/15/2028 | — | — | $357K | $362K | 0.5% | |
| ENCOMPASS HEALTH 4.750% 2/1/1930 | — | — | $367K | $360K | 0.5% | |
| CARPENTER TECH MTN 6.375% 7/15/2028 | — | — | $360K | $360K | 0.5% | |
| CLEVELAND CLIFFS INC 5.875% 6/1/2027 | — | — | $360K | $358K | 0.5% | |
| CENTURY COMMUNITIES 6.750% 6/1/2027 | — | — | $357K | $355K | 0.5% | |
| SUNOCO LP 6.000% 4/15/2027 | — | — | $354K | $354K | 0.5% | |
| U S TREASURY NT 3.250% 6/30/2029 | — | — | $355K | $348K | 0.4% | |
| NMI HLDGS INC 6.000% 8/15/2029 | — | — | $338K | $341K | 0.4% | |
| ALLEGHENY 4.875% 10/1/2029 | — | — | $340K | $333K | 0.4% | |
| GXO LOGISTICS INC 6.250% 5/6/2029 | — | — | $306K | $307K | 0.4% | |
| CATERPILLAR FINL MTN 5.000% 5/14/2027 | — | — | $290K | $293K | 0.4% | |
| ORACLE CORP SR NT 4.200% 9/27/2029 | — | — | $300K | $290K | 0.4% | |
| ROYAL BK CDA MTN 4.522% 10/18/2028 | — | — | $270K | $268K | 0.3% | |
| ACCENTURE CAPITAL 3.900% 10/4/2027 | — | — | $270K | $266K | 0.3% | |
| DU PONT E I DE 1.700% 7/15/2025 | — | — | $258K | $266K | 0.3% | |
| BLACKROCK FUNDING 4.600% 7/26/2027 | — | — | $265K | $266K | 0.3% | |
| VIRGINIA ELEC POWER 3.500% 3/15/2027 | — | — | $259K | $263K | 0.3% | |
| MORGAN STANLEY MTN 2.188% 4/28/2026 | — | — | $256K | $263K | 0.3% | |
| OWL ROCK CAPITAL 3.400% 7/15/2026 | — | — | $254K | $262K | 0.3% | |
| STATE STR CORP 2.203% 2/7/2028 | — | — | $254K | $261K | 0.3% | |
| WARNERMEDIA HLDGS 3.755% 3/15/2027 | — | — | $256K | $260K | 0.3% | |
| JBS USA LUX S A JBS 5.125% 2/1/2028 | — | — | $256K | $258K | 0.3% | |
| GOLDMAN SACHS GROUP 3.691% 6/5/2028 | — | — | $253K | $257K | 0.3% | |
| PNC FINL SVCS 5.300% 1/21/2028 | — | — | $255K | $257K | 0.3% | |
| AMGEN INC 5.150% 3/2/2028 | — | — | $256K | $257K | 0.3% | |
| MORGAN STANLEY MTN 4.210% 4/20/2028 | — | — | $252K | $256K | 0.3% | |
| DEERE JOHN MTN 4.800% 1/9/2026 | — | — | $254K | $256K | 0.3% | |
| BLACKROCK FUNDING 4.700% 3/14/2029 | — | — | $254K | $255K | 0.3% | |
| CVS HEALTH CORP 5.000% 2/20/2026 | — | — | $254K | $255K | 0.3% | |
| MORGAN STANLEY SR 5.656% 4/18/1930 | — | — | $261K | $254K | 0.3% | |
| DELL INTL LLC EMC 5.250% 2/1/2028 | — | — | $252K | $253K | 0.3% | |
| ORACLE CORP 5.800% 11/10/2025 | — | — | $252K | $252K | 0.3% | |
| AMGEN INC 5.250% 3/2/1930 | — | — | $250K | $252K | 0.3% | |
| GENERAL MTRS 5.400% 4/6/2026 | — | — | $250K | $251K | 0.3% | |
| ECOLAB INC SR NT 4.800% 3/24/1930 | — | — | $248K | $250K | 0.3% | |
| WASTE MGMT INC 4.950% 7/3/1931 | — | — | $252K | $250K | 0.3% | |
| MARRIOT 4.625% 6/15/1930 | — | — | $231K | $245K | 0.3% | |
| INTERCONTINENTAL 4.350% 6/15/2029 | — | — | $241K | $245K | 0.3% | |
| MORGAN STANLEY MTN 3.125% 7/27/2026 | — | — | $264K | $244K | 0.3% | |
| HOME DEPOT INC 3.900% 12/6/2028 | — | — | $242K | $244K | 0.3% | |
| UNION PACIFIC CORP 3.950% 9/10/2028 | — | — | $242K | $243K | 0.3% | |
| STARBUCKS CORP 3.500% 3/1/2028 | — | — | $239K | $241K | 0.3% | |
| BANK OF MONTREAL MTN 0.949% 1/22/2027 | — | — | $232K | $240K | 0.3% | |
| AMERICAN TOWER CORP 3.950% 3/15/2029 | — | — | $230K | $240K | 0.3% | |
| UNITEDHEALTH GROUP 2.950% 10/15/2027 | — | — | $277K | $239K | 0.3% | |
| PFIZER INC 3.450% 3/15/2029 | — | — | $244K | $238K | 0.3% | |
| COMCAST CORP 3.150% 2/15/2028 | — | — | $242K | $238K | 0.3% | |
| CHARLES SCHWAB CORP 3.250% 5/22/2029 | — | — | $231K | $234K | 0.3% | |
| S P GLOBAL INC 2.700% 3/1/2029 | — | — | $223K | $230K | 0.3% | |
| CATERPILLAR FINL MTN 1.100% 9/14/2027 | — | — | $246K | $229K | 0.3% | |
| GLOBAL PAYMENTS INC 3.200% 8/15/2029 | — | — | $214K | $229K | 0.3% | |
| PAYPAL HOLDINGS INC 2.850% 10/1/2029 | — | — | $221K | $229K | 0.3% | |
| COCA COLA CO 1.500% 3/5/2028 | — | — | $251K | $228K | 0.3% | |
| AMPHENOL CORP 2.800% 2/15/1930 | — | — | $218K | $226K | 0.3% | |
| U S TREASURY NT 0.625% 5/15/1930 | — | — | $224K | $226K | 0.3% | |
| F H L B DEB 6.000% 4/29/1931 | — | — | $225K | $225K | 0.3% | |
| JOHN DEERE MTN 2.450% 1/9/1930 | — | — | $219K | $225K | 0.3% | |
| SIMON PROPERTY LP 2.450% 9/13/2029 | — | — | $210K | $225K | 0.3% | |
| TARGET CORP 2.350% 2/15/1930 | — | — | $213K | $222K | 0.3% | |
| CITIGROUP INC 3.400% 5/1/2026 | — | — | $248K | $221K | 0.3% | |
| AMAZON COM INC 2.100% 5/12/1931 | — | — | $214K | $214K | 0.3% | |
| WELLS FARGO MTN 5.707% 4/22/2028 | — | — | $200K | $203K | 0.3% | |
| ONEMAIN FINANCIAL 3.500% 1/15/2027 | — | — | $191K | $196K | 0.3% | |
| AMERICAN EXPRESS MTN 3.300% 5/3/2027 | — | — | $201K | $194K | 0.2% | |
| U S TREASURY NT 1.500% 8/15/2026 | — | — | $191K | $191K | 0.2% | |
| S L M A M T N 3.125% 11/2/2026 | — | — | $181K | $186K | 0.2% | |
| WYNDHAM WORLDWIDE 6.600% 10/1/2025 | — | — | $187K | $185K | 0.2% | |
| STARWOOD PROPERTY 4.750% 3/15/2025 | — | — | $181K | $184K | 0.2% | |
| SLM CORP SR GLBL NT 4.200% 10/29/2025 | — | — | $180K | $183K | 0.2% | |
| TENET HEALTHCARE 4.250% 6/1/2029 | — | — | $181K | $183K | 0.2% | |
| TENET HEALTHCARE 5.125% 11/1/2027 | — | — | $181K | $181K | 0.2% | |
| WYNDHAM WORLDWIDE 6.000% 4/1/2027 | — | — | $180K | $180K | 0.2% | |
| GLP CAPITAL LP FIN 5.375% 4/15/2026 | — | — | $179K | $180K | 0.2% | |
| BK OF AMERICA MTN 6.204% 11/10/2028 | — | — | $180K | $176K | 0.2% | |
| VISA INC 3.150% 12/14/2025 | — | — | $159K | $148K | 0.2% | |
| ANALOG DEVICES INC 2.100% 10/1/1931 | — | — | $148K | $147K | 0.2% | |
| COMCAST CORP 4.150% 10/15/2028 | — | — | $145K | $146K | 0.2% | |
| CITIBANK N A SR NT 4.876% 11/19/2027 | — | — | $140K | $140K | 0.2% | |
| U S TREASURY I P S 1.750% 1/15/2028 | — | — | $181K | $135K | 0.2% | |
| U.S. Treasury Bill n/a 4/3/2025 | — | — | $134K | $134K | 0.2% | |
| ICAHN ENTERPRISES LP 6.250% 5/15/2026 | — | — | $130K | $131K | 0.2% | |
| SIMON PROPERTY GROUP 3.500% 9/1/2025 | — | — | $127K | $129K | 0.2% | |
| ICAHN ENTERPRISES 5.250% 5/15/2027 | — | — | $125K | $128K | 0.2% | |
| SPRINGLEAF FINANCE 7.125% 3/15/2026 | — | — | $127K | $127K | 0.2% | |
| GOLDMAN SACHS GROUP 3.500% 11/16/2026 | — | — | $125K | $127K | 0.2% | |
| CITIGROUP INC 3.200% 10/21/2026 | — | — | $121K | $122K | 0.2% | |
| CITIBANK N A 5.438% 4/30/2026 | — | — | $115K | $116K | 0.1% | |
| GOLDMAN SACHS BK 5.283% 3/18/2027 | — | — | $100K | $101K | 0.1% | |
| U S TREASURY NT 3.500% 1/31/2028 | — | — | $79K | $78K | <0.1% | |
| P I M C O FDS LOW DURATION FUND #36 | — | — | $58K | $58K | <0.1% | |
| ABBOTT LABORATORIES 3.750% 11/30/2026 | — | — | $56K | $56K | <0.1% | |
| PIMCO LOW DURATION II INSTL | — | — | $53K | $53K | <0.1% | |
| INTEL CORP 2.600% 5/19/2026 | — | — | $51K | $48K | <0.1% | |
| ONEMAIN FIN CORP 3.875% 9/15/2028 | — | — | $42K | $41K | <0.1% |