Original filing (PDF)20251015162702NAL0006919728005

SOUTHERN CALIFORNIA PIPE TRADES

Name: SOUTHERN CALIFORNIA PIPE TRADES — SOUTHERN CALIFORNIA PIPE TRADES HEALTH & WELFARE FUND, Form 5500 (2024)
Creator: SOUTHERN CALIFORNIA PIPE TRADES

Form 5500

FILING_RECEIVED

SOUTHERN CALIFORNIA PIPE TRADES HEALTH & WELFARE FUND

Health & welfare plan

Signals · 4

1 failed disclosure~297 bps in Sched C feesNo recordkeeper disclosed16 service providers

Active participants

10,691

Accounts w/ balance

—

Plan assets (EOY)

$423.2M

Net assets (EOY)

$293.7M

How this plan invests

This plan

3 pooled trusts

Schedule D

180 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

Concentration risk

100

Total plan cost

Vendor stack

Participation health

100

Knocking points off

1 Schedule C provider failed to disclose compensation.
297 bps in Schedule C fees — 2872% 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 SOUTHERN CALIFORNIA PIPE TRADES.

Plan sponsor

Name

SOUTHERN CALIFORNIA PIPE TRADES

DBA

HEALTH & WELFARE FUND

EIN

95-1867598

Address

501 SHATTO PLACE, SUITE 500 · LOS ANGELES, CA · 90020

Phone

(213) 385-6161

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

2025-10-15

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)

Audit & trust (Schedule H)

Auditor

EIDE BAILLY LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

16 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
SO CA PIPE TRADES ADMIN CORP	95-4557526	—	NONE	$8.0M	—
BLUE SHIELD	94-0360524	—	NONE	$2.4M	—
NATIONAL INVESTMENT SERVICES	80-0169636	—	NONE	$1.1M	—
EIDE BAILLY LLP	45-0250958	—	NONE	$512K	—
SEGAL CONSULTING	94-1503999	—	NONE	$139K	—
MILLER KAPLAN ARASE & CO	95-2036255	—	NONE	$131K	—
BUSH GOTTLIEB	95-2956616	—	NONE	$122K	—
RAEL & LETSON	94-1701048	—	NONE	$110K	—
O'DONOGHUE & O'DONOGHUE	53-0120518	—	NONE	$57K	—
MEDICAL EVALUATION SPECIALIST	—	NORWOOD, MA	NONE	$56K	—
RISING MEDICAL SOLUTIONS	22-2027092	—	NONE	$33K	—
NEW ENGLAND PENSION CONSULTANTS	04-2927339	—	NONE	$15K	—
US BANK	31-0841368	—	NONE	$10K	—
COMMUNICATE WRITE	—	COLUMBUS, OH	NONE	$8K	—
HEALTHRISK RESOURCE GROUP	82-0474664	—	NONE	$7K	—
MARSH MCLENNAN AGENCY, LLC	36-2668272	—	NONE	$0	—

Failed / refused disclosures (Sched C Part 2)

Provider	Nondisclosure info
HEALTHRISK RESOURCE GROUP	SERVICE PROVIDER RECEIVED DIRECT COMPENSATION BUT FAILED TO RESPOND TO INDIRECT COMPENSATION QUESTIONNAIRE

Investments

177 direct securities · 3 pooled funds· $390.7M(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

$303.1M

177 holdings

Common Collective Trust

$87.6M

3 holdings

Investment	Type	Shares / units	Cost	Current value	% of plan
Limited partnerships Arena Capital Advisors Arena Short Duration High Yield Fund, LP	—	—	$71.7M	$71.7M	16.9%
Brigade Capital Brigade Loan Offshore Fund Ltd	—	—	$55.0M	$59.2M	14.0%
NIS SHORT DURATION HIGH YIELD FUND NATIONAL INVESTMENT SERVICES · EIN 46-2057809 / PN 001	Common Collective Trust	—	$26.8M	$38.4M	9.1%
Bank of New York Mellon Beach Point Dynamic	—	—	$29.4M	$38.3M	9.1%
NIS TOTAL ABSOLUTE RETURN FUND, LLC NATIONAL INVESTMENT SERVICES · EIN 45-4783986 / PN 001	Common Collective Trust	—	$25.2M	$31.3M	7.4%
Point Bonita Capital ManagemenPoint Bonita Capital Fund	—	—	$22.3M	$22.3M	5.3%
Private Investment Companies Abs Alpha Ltd. Global Equity Portfolio	—	—	$13.9M	$19.9M	4.7%
NIS PREFERRED STOCK FUND II, LLC NATIONAL INVESTMENT SERVICES · EIN 16-1626084 / PN 002	Common Collective Trust	—	$14.3M	$17.9M	4.2%
First American Government First American Government	—	—	$16.7M	$16.7M	4.0%
Great Lakes Advisors Great Lakes Large Cap Value Fund LLC	—	—	$9.8M	$9.8M	2.3%
US Treasury 12/31/27 3.875%	—	—	$7.1M	$7.1M	1.7%
US Treasury 11/15/26 4.625%	—	—	$6.1M	$6.1M	1.5%
US Treasury 01/31/27 1.500%	—	—	$4.6M	$4.7M	1.1%
US Treasury 07/31/27 2.750%	—	—	$3.5M	$3.6M	0.8%
US Treasury 01/15/26 3.875%	—	—	$1.9M	$1.9M	0.5%
First American Government First American Government	—	—	$1.0M	$1.0M	0.2%
Aercap Ireland 10/29/26 2.450%	—	—	$780K	$804K	0.2%
United Air 2014 03/03/28 3.750%	—	—	$715K	$719K	0.2%
Pnc Finl Svcs 10/20/27 6.615%	—	—	$634K	$639K	0.2%
Money Market First American Government First American Government	—	—	$572K	$572K	0.1%
First Horizon Natl 05/26/25 4.000%	—	—	$498K	$518K	0.1%
Old Republic Intl 08/26/26 3.875%	—	—	$494K	$497K	0.1%
Royal Bk Ca Cv Mtn 01/27/26 4.650%	—	—	$491K	$489K	0.1%
General Mtrs Finl Co 05/08/27 5.400%	—	—	$475K	$480K	0.1%
Corporate Obligations Agco Corp 03/21/27 5.450%	—	—	$470K	$474K	0.1%
State Str Corp 02/20/29 4.530%	—	—	$470K	$465K	0.1%
US Bank Natl Mtn 10/22/27 4.507%	—	—	$460K	$458K	0.1%
Realty Income Corp 01/15/27 3.200%	—	—	$458K	$456K	0.1%
Take Two Interactive 03/28/26 5.000%	—	—	$445K	$446K	0.1%
Government Obligations United States Treasury Notes 08/31/26 0.750%	—	—	$404K	$420K	<0.1%
Capital One Multi 05/15/27 3.490%	—	—	$420K	$418K	<0.1%
Oregon St Sch Brds 06/30/28 4.759%	—	—	$428K	$418K	<0.1%
Toronto Dominion Mtn 07/17/26 5.532%	—	—	$405K	$410K	<0.1%
Exeter Auto Recv Tr 06/15/27 1.550%	—	—	$390K	$403K	<0.1%
Air Lease Corp Mtn 08/15/26 1.875%	—	—	$382K	$400K	<0.1%
World Omni Select 08/15/28 5.870%	—	—	$395K	$400K	<0.1%
Caterpillar Mtn 10/15/27 4.400%	—	—	$400K	$398K	<0.1%
Blackrock Funding 07/26/27 4.600%	—	—	$395K	$396K	<0.1%
Citigroup Commercial 04/10/49 3.050%	—	—	$377K	$385K	<0.1%
American Express Co 08/16/27 3.750%	—	—	$384K	$383K	<0.1%
Gm Finl Consumer 02/16/28 4.660%	—	—	$372K	$373K	<0.1%
Louisiana Loc 02/01/09 3.615%	—	—	$376K	$371K	<0.1%
Wells Fargo Coml 09/17/58 3.572%	—	—	$354K	$365K	<0.1%
Healthcare Trust 07/01/27 3.750%	—	—	$365K	$364K	<0.1%
Hna 2015 LLC 06/30/27 2.291%	—	—	$395K	$363K	<0.1%
Wisconsin Pub Svc 11/10/25 5.350%	—	—	$355K	$357K	<0.1%
Dte Energy Co 07/01/27 4.950%	—	—	$355K	$356K	<0.1%
Accenture Capital 10/04/27 3.900%	—	—	$360K	$355K	<0.1%
Enbridge Inc 11/15/26 5.900%	—	—	$345K	$352K	<0.1%
Kimco Realty Corp 04/01/27 3.800%	—	—	$352K	$350K	<0.1%
Seattle Children 10/01/27 1.208%	—	—	$343K	$341K	<0.1%
Comm Mtg Tr 08/17/57 2.873%	—	—	$333K	$335K	<0.1%
Brookfield Finance 01/25/28 3.900%	—	—	$328K	$331K	<0.1%
American Honda Mtn 10/22/27 4.450%	—	—	$330K	$328K	<0.1%
Royal Bank of Mtn 07/23/27 5.069%	—	—	$325K	$326K	<0.1%
Santander Drive Auto 04/17/28 5.880%	—	—	$325K	$326K	<0.1%
Morgan Stanley Baml 10/15/48 3.252%	—	—	$343K	$323K	<0.1%
Countrywide Asset 12/25/34 8.266%	—	—	$326K	$322K	<0.1%
Mercedes Benz Auto 11/15/27 4.510%	—	—	$322K	$322K	<0.1%
Barclays Commercial 11/15/52 2.990%	—	—	$305K	$321K	<0.1%
Wells Fargo Co Mtn 04/25/26 3.908%	—	—	$320K	$319K	<0.1%
Benchmark Mtg Tr 02/17/51 3.780%	—	—	$321K	$314K	<0.1%
Morgan Stanley Baml 05/15/49 3.325%	—	—	$305K	$313K	<0.1%
Duke Energy Corp 01/05/27 4.850%	—	—	$310K	$311K	<0.1%
Hewlett Packard 09/25/27 4.400%	—	—	$310K	$307K	<0.1%
Energy Transfer L P 12/01/26 6.050%	—	—	$308K	$306K	<0.1%
Discover Card 03/15/28 4.310%	—	—	$300K	$304K	<0.1%
Bridgecrest Lending 01/18/28 5.530%	—	—	$300K	$301K	<0.1%
Virginia Pwr Fuel 05/01/29 5.088%	—	—	$298K	$299K	<0.1%
Bank 11/15/61 4.285%	—	—	$289K	$296K	<0.1%
State Str Corp 01/26/26 4.857%	—	—	$295K	$295K	<0.1%
Citigroup Coml Mtg 10/14/50 3.297%	—	—	$289K	$293K	<0.1%
Credit Suisse Ag Mtn 07/09/27 5.000%	—	—	$286K	$292K	<0.1%
Gm Fin Atmbl Lease 01/20/27 5.760%	—	—	$290K	$292K	<0.1%
World Omni Aut 09/15/26 5.680%	—	—	$290K	$292K	<0.1%
Ford Credit Auto 09/15/28 5.530%	—	—	$285K	$289K	<0.1%
Bhp Billiton Fin 09/08/26 5.250%	—	—	$285K	$288K	<0.1%
US Bank Mtn 10/26/27 6.787%	—	—	$285K	$284K	<0.1%
US Airways 2013 05/15/27 3.950%	—	—	$274K	$280K	<0.1%
Santanr Drv Auto 07/17/28 6.560%	—	—	$275K	$278K	<0.1%
Amphenol Corp 03/30/26 4.750%	—	—	$274K	$275K	<0.1%
Carmax Auto Owner 01/16/29 5.500%	—	—	$270K	$274K	<0.1%
State Str Corp Sr 10/22/27 4.330%	—	—	$275K	$273K	<0.1%
Bank Of America Corp 03/11/27 1.658%	—	—	$246K	$265K	<0.1%
Wells Fargo Co Mtg 11/17/50 3.390%	—	—	$260K	$264K	<0.1%
Americredit Auto Rec 09/18/26 1.490%	—	—	$257K	$257K	<0.1%
Jpmorgan Chase Co 01/23/28 5.040%	—	—	$255K	$256K	<0.1%
Bank of New York Mtn 07/24/26 4.414%	—	—	$255K	$254K	<0.1%
Morgan Stanley Mtn 05/04/27 1.593%	—	—	$238K	$254K	<0.1%
Exeter Automobile 04/17/28 6.880%	—	—	$250K	$253K	<0.1%
Jpmorgan Chase Co 10/22/28 2.253%	—	—	$255K	$253K	<0.1%
Drive Auto Rec Tf 02/15/28 5.350%	—	—	$250K	$251K	<0.1%
Bank 09/15/60 3.265%	—	—	$245K	$251K	<0.1%
Bbcms Mtg Tr 02/18/54 1.960%	—	—	$240K	$250K	<0.1%
Canadian Imperial Bk 09/11/27 4.508%	—	—	$250K	$249K	<0.1%
World Omni Auto 07/15/27 3.325%	—	—	$249K	$248K	<0.1%
Pioneer Nat Res Co 03/29/26 5.100%	—	—	$245K	$247K	<0.1%
Santander Drive 08/15/29 4.490%	—	—	$245K	$244K	<0.1%
Bank of America Mtn 04/02/26 3.384%	—	—	$245K	$244K	<0.1%
Fresb Multifamily 09/25/28 3.745%	—	—	$243K	$240K	<0.1%
Drive Auto 09/15/28 4.500%	—	—	$235K	$234K	<0.1%
World Omni ATM Tr 10/15/27 5.260%	—	—	$230K	$233K	<0.1%
JP Morgan Chase Co 11/19/26 1.045%	—	—	$212K	$232K	<0.1%
Udr Inc Mtn 09/01/26 2.950%	—	—	$219K	$228K	<0.1%
Royal Bk Cda Mtn 01/19/27 4.875%	—	—	$225K	$226K	<0.1%
State Str Corp Sr 03/18/27 4.993%	—	—	$220K	$222K	<0.1%
Gm Fin Atmbl Lease 01/20/27 5.740%	—	—	$220K	$221K	<0.1%
Mastercard 01/15/28 4.100%	—	—	$220K	$218K	<0.1%
Aon North America 03/01/27 5.125%	—	—	$215K	$216K	<0.1%
AmeriCredit Automobile 01/19/27 1.010%	—	—	$220K	$216K	<0.1%
6297782 LLC 09/01/27 4.911%	—	—	$215K	$214K	<0.1%
Jpmbb Commercial 08/15/48 3.801%	—	—	$200K	$210K	<0.1%
Keycorp Mtn 05/23/25 3.878%	—	—	$210K	$210K	<0.1%
Ford Cr Auto Owner 07/15/29 4.840%	—	—	$210K	$210K	<0.1%
Charles Schwab Corp 02/13/26 3.450%	—	—	$198K	$207K	<0.1%
American Express Co 02/16/28 5.098%	—	—	$205K	$206K	<0.1%
Gm FinCons Auto Rec 04/17/28 1.940%	—	—	$203K	$203K	<0.1%
Bbcms Mtg Tr 02/18/54 1.960%	—	—	$196K	$201K	<0.1%
Bank of New York Mtn 04/26/27 4.947%	—	—	$200K	$201K	<0.1%
Santander Drive AU 09/15/27 0.000%	—	—	$200K	$200K	<0.1%
South Carolina 10/27/36 6.784%	—	—	$199K	$199K	<0.1%
Gallagher Arthur J 12/15/27 4.600%	—	—	$200K	$199K	<0.1%
Hsbc Holdings 06/04/26 2.099%	—	—	$195K	$198K	<0.1%
Louisiana St Local 08/01/28 3.240%	—	—	$194K	$194K	<0.1%
Boardwalk Piplines 07/15/27 4.450%	—	—	$188K	$193K	<0.1%
American Express Co 10/30/26 6.338%	—	—	$190K	$192K	<0.1%
Bank Montreal Medium 12/11/26 5.266%	—	—	$190K	$192K	<0.1%
Wisconsin ST Gen 05/01/26 5.700%	—	—	$196K	$192K	<0.1%
Santander Drive 08/16/27 4.130%	—	—	$183K	$184K	<0.1%
Manuf Traders M T N 01/27/26 4.650%	—	—	$169K	$180K	<0.1%
M T Bk Corp Mtn 01/16/29 4.833%	—	—	$180K	$179K	<0.1%
Truist Finl Corp Mtn 06/08/27 6.047%	—	—	$175K	$178K	<0.1%
Toyota At Rec Own 09/15/26 2.930%	—	—	$174K	$173K	<0.1%
Bank Nova Scotia B C 12/07/26 5.350%	—	—	$170K	$172K	<0.1%
American Homes 4 02/15/28 4.250%	—	—	$173K	$171K	<0.1%
Ally Auto Recv Tr 11/16/26 3.310%	—	—	$169K	$169K	<0.1%
World Omni Auto 05/15/29 5.030%	—	—	$166K	$166K	<0.1%
Soundview Hm Ln 11/25/35 3.356%	—	—	$161K	$162K	<0.1%
AmeriCredit Automobile 04/19/27 6.190%	—	—	$158K	$158K	<0.1%
Accredited Mortgage 01/25/35 5.567%	—	—	$156K	$157K	<0.1%
Smith Nephew Plc 03/20/27 5.150%	—	—	$155K	$156K	<0.1%
At T Inc 07/15/26 2.950%	—	—	$149K	$156K	<0.1%
Oklahoma Transn Ok 01/01/25 0.904%	—	—	$149K	$150K	<0.1%
JP Morgan Chase 08/15/49 2.713%	—	—	$145K	$146K	<0.1%
Cantor Commercial 01/15/53 2.943%	—	—	$141K	$141K	<0.1%
Csfb Mtg Ptc 01/25/34 5.960%	—	—	$142K	$140K	<0.1%
Carvana Auto Rec 01/10/27 0.880%	—	—	$138K	$136K	<0.1%
John Deere Owner 09/15/26 2.320%	—	—	$133K	$132K	<0.1%
Exeter Auto Rec Tr 08/15/23 5.610%	—	—	$130K	$131K	<0.1%
Bank 2017 Bnk9 Asb 11/15/54 3.470%	—	—	$136K	$130K	<0.1%
Commercial Mortgage Trust 07/10/50 3.645%	—	—	$139K	$127K	<0.1%
Santander Auto Rec 09/15/27 1.330%	—	—	$118K	$121K	<0.1%
Santander Drive Auto 07/15/27 1.350%	—	—	$105K	$107K	<0.1%
Wells Fargo Mtn 04/22/28 5.707%	—	—	$105K	$107K	<0.1%
Carvana Auto 03/10/28 0.750%	—	—	$96K	$96K	<0.1%
Drive Auto Rec 01/16/29 1.450%	—	—	$83K	$86K	<0.1%
Abay Leasing 11/09/26 2.654%	—	—	$92K	$85K	<0.1%
Home Equity Mtg Tr 03/25/33 4.881%	—	—	$86K	$84K	<0.1%
Fresb Multifamily 08/25/23 5.480%	—	—	$85K	$83K	<0.1%
Structured Asset 10/25/34 6.235%	—	—	$87K	$83K	<0.1%
Bear Stearns 10/25/33 5.250%	—	—	$82K	$78K	<0.1%
World Omni Select 03/15/27 5.180%	—	—	$75K	$75K	<0.1%
Penta Aircraft 04/29/25 1.691%	—	—	$74K	$73K	<0.1%
Structured Adjust 09/25/34 5.864%	—	—	$73K	$71K	<0.1%
Citigroup Res Mtg 03/25/37 5.042%	—	—	$71K	$71K	<0.1%
Morgan Stanley 07/15/51 4.120%	—	—	$76K	$67K	<0.1%
Citigroup Commercial 08/10/49 2.710%	—	—	$68K	$64K	<0.1%
Reliance Industries 01/15/26 0.779%	—	—	$50K	$51K	<0.1%
Exp Lmp Lmb 05/03/25 1.822%	—	—	$47K	$49K	<0.1%
Nissan Auto Lease 01/15/26 4.910%	—	—	$48K	$49K	<0.1%
Carvana Auto Rec Tr 10/08/26 0.610%	—	—	$46K	$46K	<0.1%
Gsr Mortgage Loan 06/25/35 5.500%	—	—	$28K	$26K	<0.1%
Commercial Mortgage Trust 08/10/48 3.537%	—	—	$27K	$25K	<0.1%
Novastar Home Loan 06/25/35 3.835%	—	—	$23K	$23K	<0.1%
Gsr Mortgage Loan 09/25/35 6.695%	—	—	$22K	$22K	<0.1%
Carvana Auto Rcv 09/10/28 1.240%	—	—	$18K	$18K	<0.1%
Credit Suisse Firs 11/25/33 8.810%	—	—	$14K	$13K	<0.1%
Utah ST Build 07/01/25 3.539%	—	—	$12K	$12K	<0.1%
Duke Energy Progre 07/01/30 1.561%	—	—	$12K	$12K	<0.1%
Commercial Mortgage Trust 07/10/48 3.421%	—	—	$6K	$5K	<0.1%