Original filing (PDF)20251015111218NAL0004678097001

BOARD OF TRUSTEES, AIRCONDITIONING AND REFRIGERATION

Name: BOARD OF TRUSTEES, AIRCONDITIONING AND REFRIGERATION — AIRCONDITIONING AND REFRIGERATION INDUSTRY RETIREMENT TRUST FUND, Form 5500 (2024)
Creator: BOARD OF TRUSTEES, AIRCONDITIONING AND REFRIGERATION

Form 5500

FILING_RECEIVED

AIRCONDITIONING AND REFRIGERATION INDUSTRY RETIREMENT TRUST FUND

Defined-benefit pension plan

Signals · 2

No recordkeeper disclosed20 service providers

Active participants

1,842

Accounts w/ balance

Plan assets (EOY)

$340.6M

Net assets (EOY)

$338.2M

How this plan invests

This plan

15 pooled trusts

Schedule D

110 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

42 bps in Schedule C fees — 323% 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 BOARD OF TRUSTEES, AIRCONDITIONING AND REFRIGERATION.

Plan sponsor

Name

BOARD OF TRUSTEES, AIRCONDITIONING AND REFRIGERATION

DBA

INDUSTRY RETIREMENT TRUST FUND

EIN

95-6035386

Address

3500 W ORANGEWOOD AVE · ORANGE, CA · 92868

Phone

(714) 917-6100

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

2025-10-15

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)

20 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
MEKETA FIDUCIARY MANAGEMENT	47-2126910	—	NONE	$230K	—
MILLER KAPLAN ARASE LLP	95-2036255	—	NONE	$207K	—
WALTER SCOTT & PARTNERS LTD	—	—	NONE	$166K	—
HORIZON ACTUARIAL SERVICES, LLC	26-1370698	—	NONE	$123K	—
ULLICO	52-6435649	—	NONE	$116K	—
EMPLOYEE 2	95-6035386	—	NONE	$92K	—
NEPC LLC	26-1429809	—	NONE	$90K	—
EMPLOYEE 7	95-6035386	—	NONE	$57K	—
SEYFARTH SHAW, LLP	36-2152202	—	NONE	$55K	—
COMERICA BANK	42-1741646	—	NONE	$52K	—
JACK WILKERSON	—	ORANGE, CA	NONE	$48K	—
MERIPLEX	—	CAMARILLO, CA	NONE	$40K	—
STATE STREET GLOBAL ADVISORS	04-1867445	—	NONE	$38K	—
EMPLOYEE 5	95-6035386	—	NONE	$34K	—
EMPLOYEE 8	95-6041105	—	NONE	$32K	—
ABERDEEN ASSET MANAGEMENT	51-0368279	—	NONE	$17K	—
ALLIANCE BERNSTEIN, LP	13-4064930	—	NONE	$12K	—
WOHLNER, KAPLON, PHILLIPS ET AL	95-4177931	—	NONE	$12K	—
BRIDGEWAY	23-2182079	—	NONE	$9K	—
RHUMBLINE ADVISERS	04-3118582	—	NONE	$7K	—

Investments

101 direct securities · 15 pooled funds· $241.8M(71% 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.

Common Collective Trust

$117.7M

10 holdings

Uncategorized

$72.8M

100 holdings

103-12 Investment Entity

$51.1M

5 holdings

Real Estate

$201K

1 holding

Investment	Type	Shares / units	Cost	Current value	% of plan
SSGA RUSSELL 3000 INDEX STATE STREET BANK AND TRUST COMPANY · EIN 04-0025081 / PN 042	Common Collective Trust	—	—	$22.9M	6.7%
STATE ST GLOBAL ADVISORS MSCI EAFE STATE STREET BANK AND TRUST COMPANY · EIN 90-0337987 / PN 159	Common Collective Trust	—	—	$19.6M	5.8%
WALTER SCOTT GROUP TRUST-INTL FD THE BANK OF NEW YORK MELLON · EIN 76-6192146 / PN 001	103-12 Investment Entity	—	—	$17.2M	5.1%
STATE ST GLOBAL ADVISORS BOND I.F. STATE STREET BANK AND TRUST COMPANY · EIN 04-0025081 / PN 070	Common Collective Trust	—	—	$17.0M	5.0%
STATE ST GLOBAL ADVISORS TIPS I.F. STATE STREET BANK AND TRUST COMPANY · EIN 04-0025081 / PN 152	Common Collective Trust	—	—	$12.4M	3.7%
JPMCB STRATEGIC PROPERTY FUND JPMORGAN BANK NA · EIN 13-6038770 / PN 001	Common Collective Trust	—	—	$12.4M	3.6%
J STERN & CO WORLD STARS GLOBAL J. STERN & CO. WORLD STARS GP LLC · EIN 93-2392556 / PN 001	103-12 Investment Entity	—	—	$10.7M	3.1%
HARBOURVEST PARTNERS X LP HARBOURVEST PARTNERS LLC · EIN 98-1208489 / PN 001	103-12 Investment Entity	—	—	$10.6M	3.1%
SSGA GLOBAL LARGE MID CAP NATURAL STATE STREET BANK AND TRUST COMPANY · EIN 45-6268981 / PN 001	Common Collective Trust	—	—	$9.1M	2.7%
ULLICO INFRASTRUCTURE TAX EXEMPT FD ULLICO INVESTMENT ADVISORS · EIN 90-0622302 / PN 001	103-12 Investment Entity	—	—	$7.8M	2.3%
1 INVESTMENT IN MASTER FUND	—	—	—	$7.7M	2.3%
SSGA DAILY MSCI EMERGING MARKETS IN STATE STREET BANK AND TRUST COMPANY · EIN 04-0025081 / PN 192	Common Collective Trust	—	—	$7.5M	2.2%
SSGA RUSSELL 1000 INDEX STATE STREET BANK AND TRUST COMPANY · EIN 90-0337987 / PN 123	Common Collective Trust	—	—	$7.3M	2.2%
Fund X Buyout Feeder L.P. Partnership Investment	—	—	$3.6M	$5.7M	1.7%
[DFE: KOPERNIK GLOBAL COLLECTIVE INVESTMENT TRUST (extraction pending)]	—	—	—	$5.1M	1.5%
KOPERNICK GLOBAL ALL CAP CIT KOPERNICK GLOBAL COLLECTIVE INVESTMENT TRUST · EIN 83-2022303 / PN 126	Common Collective Trust	—	—	$5.1M	1.5%
Primary Investments Fund X Venture Feeder L.P. Partnership Investment	—	—	$1.9M	$4.9M	1.4%
HARBOURVEST PARTNERS IX FUND, LP HARBOURVEST PARTNERS LLC · EIN 80-0653172 / PN 001	103-12 Investment Entity	—	—	$4.8M	1.4%
SSGA RUSSELL 1000 GROWTH STATE STREET BANK AND TRUST COMPANY · EIN 90-0337987 / PN 124	Common Collective Trust	—	—	$4.4M	1.3%
U.S. MORTGAGE BACKED INDEX NL FUND	—	—	—	$4.3M	1.3%
3-10 YEAR U.S. TREASURY INDX NL FUN	—	—	—	$3.5M	1.0%
HarbourVest Partners IX-Cayman Venture Fund L.P.	—	—	$1.1M	$2.8M	0.8%
1-3 YEAR U.S. TREASURY INDEX NL FUN	—	—	—	$2.6M	0.8%
3-10 YEAR U.S. CREDIT INDEX NL FUND	—	—	—	$2.2M	0.6%
HarbourVest Partners IX-Cayman Buyout Fund L.P.	—	—	$1.2M	$1.8M	0.5%
LONG U.S. TREASURY INDEX NL FUND (C	—	—	—	$1.5M	0.4%
LONG U.S. CREDIT CORPORATE BOND IND	—	—	—	$1.4M	0.4%
1-3 YEAR U.S. CREDIT INDEX NL FUND	—	—	—	$1.0M	0.3%
Investment in securities, at fair value Common stocks United States Information technology NVIDIA Corporation	—	—	$415K	$887K	0.3%
Taiwan Semiconductor Manufacturing Company Limited Sponsored ADR*	—	3,766.698	—	$744K	0.2%
Consumer discretionary Amazon.com, Inc.	—	—	$431K	$574K	0.2%
ASML Holding NV	—	774.422	—	$544K	0.2%
Ireland Industrials Eaton Corporation plc (cost $14,440,299)	—	—	$418K	$535K	0.2%
Meta Platforms Inc	—	—	$395K	$529K	0.2%
Novo Nordisk AS 'B' Shares	—	5,919.347	—	$513K	0.2%
ALPHABET INC	—	—	$390K	$508K	0.1%
Industria de Diseño Textil SA	—	9,391.212	—	$483K	0.1%
Financials MasterCard Inc	—	—	$403K	$471K	0.1%
Salesforce Inc	—	—	$392K	$470K	0.1%
Compass Group Plc	—	13,678.904	—	$456K	0.1%
Keyence Corporation	—	1,102.041	—	$453K	0.1%
Honeywell International Inc	—	—	$387K	$434K	0.1%
Alimentation Couche-Tard, Inc.	—	7,812.648	—	$433K	0.1%
Air Liquide SA	—	2,661.866	—	$433K	0.1%
AIA Group Limited	—	58,457.381	—	$424K	0.1%
SAP SE	—	1,709.863	—	$418K	0.1%
Amphenol Corp	—	—	$305K	$413K	0.1%
LVMH Moët Hennessy Louis Vuitton SE	—	602.669	—	$397K	0.1%
United Kingdom Consumer staples Diageo PLC (cost $14,673,625)	—	—	$425K	$386K	0.1%
EssilorLuxottica SA	—	—	$310K	$384K	0.1%
Netherlands Information technology ASML Holding NV (cost $16,359,993)	—	—	$473K	$378K	0.1%
Hermes International SCA	—	154.884	—	$372K	0.1%
France Consumer discretionary* LVMH Moet Hennessy Louis Vuitton SE	—	—	$462K	$368K	0.1%
Experian Plc	—	8,449.637	—	$365K	0.1%
Hoya Corporation	—	2,887.598	—	$364K	0.1%
Diageo Plc	—	11,415.444	—	$363K	0.1%
Shin-Etsu Chemical Company Limited	—	10,618.786	—	$358K	0.1%
Roche Holding AG	—	1,252.877	—	$353K	0.1%
Universal Music Group NV	—	13,735.644	—	$352K	0.1%
SGS SA	—	3,501.002	—	$351K	0.1%
Dassault Systemes SE	—	10,107.361	—	$351K	0.1%
Alcon AG	—	—	$312K	$349K	0.1%
Sysmex Corporation	—	18,670.478	—	$346K	0.1%
Ferrari NV	—	800.492	—	$342K	0.1%
L'Oréal SA	—	963.044	—	$341K	0.1%
KONE Oyj 'B' Shares	—	6,977.468	—	$340K	<0.1%
Obic Company Limited	—	11,255.959	—	$336K	<0.1%
U.S. ASSET BACKED/COMMERCIAL MORTGA	—	—	—	$336K	<0.1%
Canadian National Railway Company	—	3,297.045	—	$335K	<0.1%
CSL Limited	—	1,916.887	—	$334K	<0.1%
Amadeus IT Group SA	—	4,726.276	—	$334K	<0.1%
Lonza Group AG	—	558.197	—	$330K	<0.1%
Novartis AG	—	3,353.785	—	$328K	<0.1%
Intercontinental Exchange Inc	—	—	$338K	$327K	<0.1%
Merck KGaA	—	2,226.656	—	$323K	<0.1%
Wolters Kluwer NV	—	1,909.219	—	$317K	<0.1%
SMC Corporation	—	795.891	—	$315K	<0.1%
Abbott Laboratories	—	—	$307K	$312K	<0.1%
VAT Group AG	—	814.294	—	$308K	<0.1%
CapitaLand Ascendas REIT	—	161,033.185	—	$303K	<0.1%
OTIS WORLDWIDE CORP	—	—	$300K	$303K	<0.1%
Adobe Inc	—	—	$409K	$297K	<0.1%
TotalEnergies SE	—	5,213.932	—	$288K	<0.1%
Communications* Walt Disney Co	—	—	$243K	$281K	<0.1%
Terumo Corporation	—	14,295.375	—	$279K	<0.1%
Industrials* RTX Corp	—	—	$219K	$278K	<0.1%
adidas AG	—	1,130.963	—	$277K	<0.1%
Atlas Copco AB 'B' Shares	—	19,317.619	—	$261K	<0.1%
Kuehne + Nagel International AG	—	1,137.864	—	$261K	<0.1%
Consumer staples Nestle SA	—	—	$345K	$258K	<0.1%
Zoetis Inc	—	—	$305K	$255K	<0.1%
Xylem Inc	—	—	$248K	$251K	<0.1%
Sage Group Plc	—	15,284.489	—	$244K	<0.1%
Recordati Industria Chimica e Farmaceutica SpA	—	4,497.783	—	$236K	<0.1%
Sika AG	—	—	$273K	$234K	<0.1%
Daikin Industries Limited	—	1,953.691	—	$232K	<0.1%
Health care* Thermo Fisher Scientific Inc	—	—	$245K	$231K	<0.1%
Materials* Givaudan SA	—	—	$213K	$224K	<0.1%
Pernod Ricard SA	—	—	$309K	$213K	<0.1%
Consumer staples L'Oreal SA	—	—	$284K	$208K	<0.1%
HarbourVest Partners IX-Cayman Credit Opportunities Fund L.P.	—	—	$176K	$208K	<0.1%
investment trusts United States Real estate American Tower Corp (cost $7,276,179)	Real Estate	—	$211K	$201K	<0.1%
CLP Holdings Limited	—	23,800.067	—	$200K	<0.1%
Coloplast AS 'B' Shares	—	1,809.541	—	$198K	<0.1%
MISUMI Group, Inc.	—	12,375.421	—	$193K	<0.1%
Infineon Technologies AG	—	5,787.465	—	$188K	<0.1%
Shimadzu Corporation	—	6,479.077	—	$184K	<0.1%
Jardine Matheson Holdings Limited	—	4,292.293	—	$176K	<0.1%
Cochlear Limited	—	966.111	—	$173K	<0.1%
Murata Manufacturing Company Limited	—	10,573.548	—	$172K	<0.1%
Switzerland Health care* Roche Holding AG	—	—	$159K	$164K	<0.1%
LONG U.S. CREDIT NON-CORPORATE BOND	—	—	—	$151K	<0.1%
1-3 YEAR U.S. AGENCY INDEX NL CTF	—	—	—	$55K	<0.1%
3-10 YEAR U.S. AGENCY INDEX NL CTF	—	—	—	$52K	<0.1%
RECEIVABLE FROM MASTER FUND	—	—	$26K	$26K	<0.1%
LONG U.S. AGENCY INDEX NL CTF (CM2N	—	—	—	$10K	<0.1%