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Original filing (PDF)20251015133837NAL0002377571004

WESTERN STATES OFFICE & PROFESSIONAL EMP

Form 5500
FILING_RECEIVED
WESTERN STATES OFFICE & PROFESSIONAL EMPLOYEES PEN
Defined-benefit pension plan
Signals · 3
3 failed disclosuresNo recordkeeper disclosed13 service providers
Active participants
469
Accounts w/ balance
Plan assets (EOY)
$601.2M
Net assets (EOY)
$600.9M
How this plan invests
This plan
5 pooled trusts
Schedule D
202 securities
funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)
82
/ 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
75
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
  • 3 Schedule C providers failed to disclose compensation.
  • 41 bps in Schedule C fees — 590% above peer band of 6 bps.
  • No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for WESTERN STATES OFFICE & PROFESSIONAL EMP.
Plan sponsor
Name
WESTERN STATES OFFICE & PROFESSIONAL EMP
EIN
94-6076144
Address
1220 SW MORRISON ST, SUITE 300 · PMB 116 · PORTLAND, CA · 972052222
Phone
Industry
Admin Support & Waste Mgmtsee 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
2025-10-15
Pension benefit codes
1A · Pay-related DB formula
Audit & trust (Schedule H)
Auditor
EIDE BAILLY LLP
Trustee / custodian
Trustee phone

Service providers (Schedule C)

13 rows
Other
13
NameEINLocationRelationDirect compIndirect comp
INVESCO46-3793325NONE$430K
BENESYS, INC.32-2383171NONE$357K
EIDE BAILLY LLP45-0250958NONE$261K
VERUS ADVISORY, INC.91-1320111NONE$235K
RAEL & LETSON94-1701048NONE$231K
J.P. MORGAN INVESTMENTS MANAGEMENT13-3200244NONE$214K
ASB CAPITAL MANAGEMENTBETHESDA, MDNONE$188K
JPMORGAN CHASE BANK13-4994650NONE$168K
WILLIAM C. EARHART93-0509592NONE$152K
LOOMIS SAYLES & CO., LP04-3200030NONE$132K
JOSEPH L REINHARTTIGARD, ORNONE$82K
US BANK31-0841368NONE$30K
BLACKROCK INSTITUTIONAL94-3112180NONE$10K

Failed / refused disclosures (Sched C Part 2)

ProviderNondisclosure info
J.P. MORGAN INVESTMENTS MANAGEMENT
JPMORGAN CHASE BANK
IFM INVESTORS PTY LTD

Investments

197 direct securities · 5 pooled funds· $554.1M(92% 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
$278.5M
191 holdings
Common Collective Trust
$236.0M
5 holdings
Mutual Funds
$33.5M
1 holding
Corporate Bonds
$6.1M
5 holdings
PIInvestmentTypeShares / unitsCostCurrent value% of plan
BLACKROCK EQUITY IND NON LEND FUND
BLACKROCK INSTITUTIONAL TRUST CO. · EIN 80-0300291 / PN 001
Common Collective Trust
$36.9M$71.9M12.0%
LOOMIS SAYLES CIT CORE PLUS FIXED I
LOOMIS SAYLES & COMPANY, LP · EIN 84-6391546 / PN 007
Common Collective Trust
$59.0M$69.0M11.5%
INVESCO BALANCED-RISK ALLOCATION TR
INVESCO TRUST COMPANY · EIN 26-6399613 / PN 001
Common Collective Trust
$47.3M$66.1M11.0%
Causeway Internatl Value Ins Mutual Fund
Mutual Funds
$28.2M$33.5M5.6%
WCM Focused Intl Growth Fund LP Limited Partnership$30.9M$30.9M5.1%
ASB ALLEGIANCE REAL ESTATE FUND
ASB CAPITAL MANAGEMENT · EIN 52-6257033 / PN 006
Common Collective Trust
$14.5M$17.7M2.9%
Vanguard Small Cap Index Ins #857 Mutual Fund$15.3M$17.0M2.8%
Limited partnerships IFM Global Infrastructure LP Limited Partnership$14.1M$14.1M2.3%
JPMCB SPECIAL SITUATION PROPERTY FU
JPMORGAN CHASE BANK, N.A · EIN 13-3980309 / PN 001
Common Collective Trust
$9.7M$11.3M1.9%
IIF ERISA LP Limited Partnership$4.2M$7.6M1.3%
Money market mutual fund First Am Govt Ob Fd Cl Z Money Market Mutual Fund$4.5M$4.5M0.8%
Northwestern 4.350% 9/15/27$2.8M$2.9M0.5%
Met Life Glob 3.050% 6/17/29$2.5M$2.6M0.4%
Massmutual 5.050% 6/14/28$2.4M$2.5M0.4%
Pricoa Global 5.550% 8/28/26$2.5M$2.5M0.4%
National Secs 5.100% 11/21/27$2.4M$2.5M0.4%
Abbott Laboratories 2.950% 3/15/25$2.4M$2.5M0.4%
Apple Inc 3.250% 2/23/26$2.4M$2.5M0.4%
Alphabet Inc 1.998% 8/15/26$2.1M$2.1M0.3%
Johnson Sr 0.550% 9/01/25$2.0M$2.0M0.3%
Goldman Sachs 2.600% 2/07/30$1.8M$2.0M0.3%
Ecolab Inc Nt 1.650% 2/01/27$1.9M$2.0M0.3%
American Express Co 2.550% 3/04/27$1.9M$2.0M0.3%
Apple Inc 1.125% 5/11/25$1.9M$2.0M0.3%
Duke Energy 2.450% 8/15/29$1.9M$2.0M0.3%
Baker Hughes 3.138% 11/07/29$1.8M$1.9M0.3%
Morgan Stanley Mtn 3.625% 1/20/27$1.8M$1.9M0.3%
Wells Fargo 4.150% 1/24/29$1.8M$1.9M0.3%
Ww Grainger 1.850% 2/15/25$1.8M$1.9M0.3%
Union Electric Co 2.950% 6/15/27$1.8M$1.9M0.3%
Paypal Holdings Inc 2.650% 10/01/26$1.8M$1.9M0.3%
Oklahoma G E 3.800% 8/15/28$1.9M$1.9M0.3%
US Bancorp 3.900% 4/26/28$1.8M$1.9M0.3%
Prologis L P 2.875% 11/15/29$1.8M$1.9M0.3%
Jpmorgan Chase Co 3.125% 1/23/25$1.9M$1.9M0.3%
Union Pacific Corp 3.250% 8/15/25$1.9M$1.9M0.3%
Bank Of America Mtn 3.500% 4/19/26$1.8M$1.9M0.3%
Intercontinental 4.350% 6/15/29$1.8M$1.9M0.3%
Booking Holdings Inc 3.600% 6/01/26$1.8M$1.9M0.3%
Intel Corp 3.700% 7/29/25$1.9M$1.9M0.3%
(continued) Realty Income 4.700% 12/15/28
Corporate Bonds
$1.8M$1.9M0.3%
Oncor Electric 5.750% 3/15/29$1.9M$1.9M0.3%
Centerpoint Energy 5.250% 3/01/28$1.9M$1.9M0.3%
Eog Resources 4.150% 1/15/26$1.8M$1.9M0.3%
Blackstone Hldgs 5.900% 11/03/27$1.8M$1.9M0.3%
United Parcel 3.050% 11/15/27$1.8M$1.8M0.3%
State Str Corp 5.272% 8/03/26$1.8M$1.8M0.3%
Mastercard 3.300% 3/26/27$1.8M$1.8M0.3%
Kimberly Clark 3.100% 3/26/30$1.8M$1.8M0.3%
Meta Platforms Inc 3.500% 8/15/27$1.8M$1.8M0.3%
John Deere 4.950% 7/14/28$1.9M$1.8M0.3%
Unitedhealth Group 2.875% 8/15/29$1.8M$1.8M0.3%
Hershey Company 4.250% 5/04/28$1.8M$1.8M0.3%
Pepsico Inc 3.600% 2/18/28$1.8M$1.8M0.3%
Ameriprise 5.700% 12/15/28$1.8M$1.8M0.3%
Bristol Myers Squibb 3.400% 7/26/29$1.8M$1.8M0.3%
Marsh McLennan Cos 4.375% 3/15/29$1.8M$1.8M0.3%
Intuit Inc 5.125% 9/15/28$1.8M$1.8M0.3%
Simon Property LP 2.450% 9/13/29$1.7M$1.8M0.3%
Microsoft Corp 2.700% 2/12/25$1.8M$1.8M0.3%
Gulf Power Co 3.300% 5/30/27$1.7M$1.8M0.3%
Paccar Financial Mtn 4.950% 8/10/28$1.8M$1.8M0.3%
Applied Materials 3.300% 4/01/27$1.8M$1.8M0.3%
Johnson 2.450% 3/01/26$1.7M$1.8M0.3%
Schwab Charles Corp 2.000% 3/20/28$1.6M$1.7M0.3%
Philip Morris 3.375% 8/15/29$1.6M$1.7M0.3%
Northern Tr 4.000% 5/10/27$1.6M$1.7M0.3%
S P Global 4.250% 5/01/29$1.6M$1.7M0.3%
Visa Inc 3.150% 12/14/25$1.6M$1.6M0.3%
Nucor Corp 3.950% 5/23/25$1.6M$1.6M0.3%
Caterpillar Finl Mtn 4.900% 1/17/25$1.6M$1.6M0.3%
Pnc Financial 2.550% 1/22/30$1.5M$1.6M0.3%
Home Depot 4.900% 4/15/29$1.6M$1.6M0.3%
International 4.150% 7/27/27$1.5M$1.5M0.3%
New York Life 4.900% 6/13/28$1.5M$1.5M0.3%
Target Corp 2.250% 4/15/25$1.5M$1.5M0.2%
Truist Bank 1.500% 3/10/25$1.4M$1.5M0.2%
Aflac Inc 1.125% 3/15/26
Corporate Bonds
$1.3M$1.4M0.2%
Citigroup Inc 3.200% 10/21/26$1.3M$1.4M0.2%
T C I Communications 7.125% 2/15/28$1.3M$1.3M0.2%
Public Storage Glbl 5.125% 1/15/29$1.2M$1.2M0.2%
Procter Gamble Co 4.100% 1/26/26$1.2M$1.2M0.2%
Cargill Inc 4.500% 6/24/26$1.2M$1.2M0.2%
(continued) Avalonbay Mtn 2.900% 10/15/26
Corporate Bonds
$1.1M$1.2M0.2%
Appalachian 3.400% 6/01/25 037735CU9$1.1M$1.1M0.2%
Abbvie Inc 3.200% 5/14/26$1.1M$1.1M0.2%
Public Service Mtn 2.450% 1/15/30$1.0M$1.1M0.2%
Nike Inc 2.850% 3/27/30$1.1M$1.1M0.2%
Qualcomm Inc 1.300% 5/20/28$1.0M$1.0M0.2%
Kenvue Inc 5.500% 3/22/25$1.0M$1.0M0.2%
Danaher Corp 3.350% 9/15/25$966K$998K0.2%
Pfizer Inc 2.750% 6/03/26$962K$977K0.2%
Merck Co Inc 1.700% 6/10/27$921K$938K0.2%
Merck Co Inc 2.750% 2/10/25$920K$937K0.2%
Pfizer Inc Sr 0.800% 5/28/25$886K$919K0.2%
Kenvue Inc 5.350% 3/22/26$861K$871K0.1%
Bank Of Ny 3.850% 4/28/28$865K$865K0.1%
Qualcomm Inc 3.450% 5/20/25$842K$852K0.1%
American Tower Corp 1.500% 1/31/28$741K$808K0.1%
Essex Portfolio L P 1.700% 3/01/28$743K$803K0.1%
Conagra Brands Inc 1.375% 11/01/27$737K$800K0.1%
Broadcom Inc 4.750% 4/15/29$761K$799K0.1%
R Horton 1.300% 10/15/26$739K$794K0.1%
Oneok Inc 3.400% 9/01/29$742K$794K0.1%
Global Payments Inc 3.200% 8/15/29$740K$793K0.1%
Fifth Third Bancorp 2.550% 5/05/27$735K$793K0.1%
Capital One 3.800% 1/31/28$737K$787K0.1%
(continued) Exelon Corp 2.750% 3/15/27
Corporate Bonds
$743K$784K0.1%
Baxter Internationa 2.600% 8/15/26$743K$784K0.1%
Verizon 3.000% 3/22/27$744K$783K0.1%
Cox Communications 3.500% 8/15/27$740K$783K0.1%
Crown Castle 3.100% 11/15/29$732K$782K0.1%
Phillips 66 3.150% 12/15/29$735K$778K0.1%
Western Gas Partners 4.750% 8/15/28$739K$778K0.1%
Rtx Corporation 3.500% 3/15/27$743K$777K0.1%
High Street 4.111% 2/15/28$742K$777K0.1%
Southwestern 4.100% 9/15/28$742K$776K0.1%
Mplx LP 4.800% 2/15/29$740K$773K0.1%
Corebridge Finl Inc 3.850% 4/05/29$728K$772K0.1%
Lowes Cos Inc 3.375% 9/15/25$744K$771K0.1%
Valero Energy 4.500% 3/15/28$742K$770K0.1%
Georgia Power 3.250% 3/30/27$732K$769K0.1%
Fox Corp 4.709% 1/25/29$737K$768K0.1%
Enterprise Products 3.950% 2/15/27$741K$768K0.1%
National Rural Util l 3.050% 4/25/27$734K$767K0.1%
Constellation Brands 3.700% 12/06/26$736K$767K0.1%
Altria Group 4.800% 2/14/29$738K$764K0.1%
Bank Of Ny Mtn 2.050% 1/26/27$716K$763K0.1%
Netflix Inc 5.375% 11/15/29$732K$762K0.1%
Digital Rlty 5.500% 1/15/28$734K$761K0.1%
Omnicom Group 3.600% 4/15/26$732K$760K0.1%
Ryder Sys Inc 5.250% 6/01/28$729K$758K0.1%
Energy Transfer 5.250% 4/15/29$726K$758K0.1%
Charter 2.250% 1/15/29$741K$757K0.1%
Dollar Gen Corp Sr 5.200% 7/05/28$731K$756K0.1%
First Am Govt Ob Fd Cl Z Money Market Mutual Fund$755K$755K0.1%
Wec Energy Group Inc 4.750% 1/09/26$737K$754K0.1%
(continued) Moodys Corp Sr Glbg 3.750% 3/24/25
Corporate Bonds
$731K$751K0.1%
Nike Inc 2.750% 3/27/27$740K$748K0.1%
Avalonbay 3.300% 6/01/29$706K$746K0.1%
Ebay Inc 5.950% 11/22/27$730K$746K0.1%
Ross Stores 4.600% 4/15/25$729K$743K0.1%
Nextera Energy Cap 6.051% 3/01/25$742K$742K0.1%
Pioneer Nat 5.100% 3/29/26$727K$741K0.1%
Tennessee Gas Pipeline 7% 10/15/28$718K$737K0.1%
Starbucks Corp 3.500% 3/01/28$733K$735K0.1%
McDonalds Corp Mtn 3.700% 1/30/26$727K$733K0.1%
Stryker Corporation 4.850% 12/08/28$738K$732K0.1%
Transcont Gas Pipe 4.000% 3/15/28$700K$730K0.1%
Disney Walt 3.350% 3/24/25$690K$711K0.1%
Walt Disney 1.850% 7/30/26$652K$689K0.1%
Cargill Inc 3.625% 4/22/27$654K$677K0.1%
Federal Realty Op LP 5.375% 5/01/28$618K$642K0.1%
Wells Fargo 5.450% 8/07/26$616K$627K0.1%
Bank Of America Na 5.526% 8/18/26$616K$627K0.1%
Fifth Third Bank 3.950% 7/28/25$602K$623K0.1%
Morgan Stanley Bk 4.754% 4/21/26$607K$622K0.1%
Jp Morgan Chase Mtn 5.110% 12/08/26$617K$615K0.1%
National Rural Mtn 5.450% 10/30/25$601K$606K0.1%
Udr Inc Mtn 3.200% 1/15/30$560K$597K<0.1%
Erp Operating 2.500% 2/15/30$513K$550K<0.1%
Truist Finl Corp Mtn 1.125% 8/03/27$491K$536K<0.1%
Citigroup Inc 3.700% 1/12/26$503K$523K<0.1%
3M Co ST Nt 2.650% 4/15/25$498K$521K<0.1%
Tele Communications 7.875% 2/15/26$525K$519K<0.1%
Enterprise Products 4.150% 10/16/28$521K$516K<0.1%
National Rural Util 3.900% 11/01/28$498K$516K<0.1%
Cigna Corp 4.375% 10/15/28$510K$507K<0.1%
Amgen Inc 2.600% 8/19/26$462K$485K<0.1%
Principal Financial 3.100% 11/15/26$453K$475K<0.1%
Alexandria 4.500% 7/30/29$438K$460K<0.1%
Gilead Sciences Inc 2.950% 3/01/27$448K$453K<0.1%
Air Lease 3.250% 10/01/29$402K$435K<0.1%
Principal Financial 3.700% 5/15/29$406K$430K<0.1%
Expedia Group 4.625% 8/01/27$411K$429K<0.1%
Packing Corp 3.000% 12/15/29$389K$414K<0.1%
Target Corp 1.950% 1/15/27$385K$392K<0.1%
Pnc Financial 3.450% 4/23/29$363K$389K<0.1%
Air Lease 3.000% 2/01/30$331K$362K<0.1%
IBM Corp 7.000% 10/30/25$361K$358K<0.1%
Expedia Group 3.250% 2/15/30$326K$354K<0.1%
Lam Research 3.800% 3/15/25$342K$350K<0.1%
Interpublic Group 4.650% 10/01/28$331K$348K<0.1%
Microsoft Corp 3.125% 11/03/25$343K$347K<0.1%
Atlantic City 4.000% 10/15/28$332K$345K<0.1%
Alphabet Inc 0.450% 8/15/25$331K$343K<0.1%
At T Inc 2.950% 7/15/26$326K$342K<0.1%
Enterprise Products 3.125% 7/31/29$332K$332K<0.1%
Alexandria 3.950% 1/15/27$300K$315K<0.1%
Amgen Inc 2.200% 2/21/27$280K$296K<0.1%
Gilead Sciences Inc 3.500% 2/01/25$286K$295K<0.1%
Charles Schwab Corp 3.250% 5/22/29$263K$282K<0.1%
At T Inc 4.100% 2/15/28$265K$278K<0.1%
Philip Morris 5.625% 11/17/29$252K$262K<0.1%
3M Company 2.000% 2/14/25$241K$253K<0.1%
Principal Financial 3.400% 5/15/25$244K$253K<0.1%
U.S. government securities U S Treasury Nt 3.000% 9/30/25 9128285C0$248K$252K<0.1%
Nucor Corp Sr 2.000% 6/01/25$239K$251K<0.1%
American Intl 4.200% 4/01/28$238K$248K<0.1%
Home Depot 2.125% 9/15/26$240K$244K<0.1%
Showing top 200 of 202 investments by value.