International Brotherhood of Electrical Workers Local Union 98 Pension Plan
Taft-Hartley plan, based in Philadelphia, Pennsylvania, reporting $624M in assets, for 4,622 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 31 Dec 2024, Ullico Investment Advisors Inc appears on International Brotherhood of Electrical Workers Local Union 98 Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023).
6 more managers, 24 more commitments and 1 more dated event
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
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Capital path
who backs this record, through what, into what; each name opens its own path- Ibew-Neca Equity Index Fund3 commitments
- Harding Loevner International Equit3 commitments
- Longview Ultra Construction Loan in3 commitments
- Chevy Chase Trust Company3 commitments
- Harding Loevner LP3 commitments
- Amalgamated Bank3 commitments
Relationship network
46 connected entities27 observed commitments16 repeat counterparties18 dated commitments shown here, 2022 to 2024
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Service provider
- Organization
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesTaft-Hartley planShowHide
Allocation policy
- Interest-bearing cash 2.8%
- Non-interest-bearing cash 0.5%
- U.S. Government securities 0.0%
- Other investments 1.7%
- Partnership/joint venture interests 15.7%
- 103-12 investment entities 5.8%
- Common/collective trusts 31.7%
- Pooled separate accounts 2.2%
- Registered investment companies 28.3%
- Common stock 10.6%
Consultants and advisers
- Segal Marco Consulting Investment adviser (plan)through Dec 31, 2022 Form 5500
- Cheiron Actuarythrough Dec 31, 2022 Form 5500
- PNC Bank Custodianthrough Dec 31, 2022 Form 5500
People
Manager roster
- Chevy Chase Trust Company3 rows, latest Dec 31, 2024
- Harding Loevner LP3 rows, latest Dec 31, 2024
- Amalgamated Bank3 rows, latest Dec 31, 2024
+6 more managers received commitments
Every name, record and relationship behind this count, with the source on each.
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- Amalgamated Bankplan years
- Artisan Partnersplan years
- Harding Loevner LPplan years
+16 more Schedule C managers
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What changed
- Dec 31, 2024Manager relationship startedUllico Investment Advisors Inc appears on International Brotherhood of Electrical Workers Local Union 98 Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Ullico Investment Advisors, Inc.askebsa.dol.gov
- Dec 31, 2024Assets changedInternational Brotherhood of Electrical Workers Local Union 98 Pension Plan total assets $555M -> $624M (+12.5%, 2023-12-31 to 2024-12-31)
- Jan 1, 2024Assets changedInternational Brotherhood of Electrical Workers Local Union 98 Pension Plan plan assets $486M -> $553M (+14.0%, 2023-01-01 to 2024-01-01)
- Dec 31, 2023Manager relationship endedinferenceJanus Capital Management LLC no longer appears on International Brotherhood of Electrical Workers Local Union 98 Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)with Janus Capital Management LLCaskebsa.dol.gov
- Dec 31, 2023Assets changedInternational Brotherhood of Electrical Workers Local Union 98 Pension Plan total assets $487M -> $555M (+13.8%, 2022-12-31 to 2023-12-31)
+1 more dated event
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2024 | Ibew-Neca Equity Index Fundcollective trust | Chevy Chase Trust Company | Public equity | $115M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | Harding Loevner International Equitcollective trust | Harding Loevner LP | Pooled vehicles | $46.8M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | Longview Ultra Construction Loan incollective trust | Amalgamated Bank | Private credit | $5,044 held | Disclosed holding | askebsa.dol.gov |
+24 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
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Size and funding
Form 5500 filings
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Dec 31, 2024 | 4,622 | Not disclosed | Not disclosed | n/a | $624M | $97.8M | Not disclosed | Not disclosed |
| 2023 to Dec 31, 2023 | 4,563 | Not disclosed | Not disclosed | n/a | $555M | $94.6M | Not disclosed | Not disclosed |
| 2022 to Dec 31, 2022 | 4,541 | Not disclosed | Not disclosed | n/a | $487M | $72.9M | Not disclosed | Not disclosed |
- LSV Asset Management codes 28 51 $548,445 PY2024
- Ullico Investment Advisors Inc codes 28 51 $291,321 PY2024
- Cheiron,inc. codes 11 50 $185,303 PY2024
+84 more service providers
Every name, record and relationship behind this count, with the source on each.
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Provenance
Provenance
International Brotherhood of Electrical Workers Local Union 98 Pension Plan sits on 7 traced paths of capital across the graphs.
DFX traced 7 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
- Manager relationship started2024-12-31source on record
- Total assets changed2024-12-31source on record
- Total assets changed2024-01-01source on record
+3 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+24 connections on the graph
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