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Original filing (PDF)20251014053244NAL0002259121001
BOARD OF TRUSTEES MFU TRAINING PLAN
Form 5500
FILING_RECEIVED
MFU TRAINING PLAN
Health & welfare plan
Signals · 4
2 failed disclosures60% in single holding~2555 bps in Sched C feesNo recordkeeper disclosed
Active participants
442
Accounts w/ balance
—
Plan assets (EOY)
$134K
Net assets (EOY)
$134K
How this plan invests
This plan
2 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
78
/ 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
80
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 2 Schedule C providers failed to disclose compensation.
- Top holding "Bank of America Business Interest Checking 0.01%" is 60% of plan.
- 2555 bps in Schedule C fees — 1517% above peer band of 158 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES MFU TRAINING PLAN.
Plan sponsor
Name
BOARD OF TRUSTEES MFU TRAINING PLAN
EIN
94-3058922
Address
240 SECOND STREET · SAN FRANCISCO, CA · 94105
Phone
(415) 362-4592
Industry
Transportation & Warehousingsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
575
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Welfare benefit codes
4J · Apprenticeship and Training
Audit & trust (Schedule H)
Auditor
WITHUMSMITH+BROWN, PC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsOther
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MARINE FIREMANS UNION | 94-0740780 | — | PARTICIPATING UNION | $21K | — |
| WITHUMSMITH+BROWN, PC | 22-2027092 | — | NONE | $13K | — |
Failed / refused disclosures (Sched C Part 2)
| Provider | Nondisclosure info |
|---|---|
| DEYNE UMPHRESS | TRUSTEE DID NOT PROVIDE INFORMATION REGARDING INDIRECT COMPENSATION, IF ANY. |
| MICHAEL LABONTE | TRUSTEE DID NOT PROVIDE INFORMATION REGARDING INDIRECT COMPENSATION, IF ANY. |
Investments
2 direct securities· $134K(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Bank of America Business Interest Checking 0.01% | — | — | $80K | $80K | 59.9% | |
| Bank of America Business Investment Account 0.01% | — | — | $54K | $54K | 40.1% |
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