New Hampshire › Manufacturing › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Monadnock Pension Plan
Sponsored by Monadnock Paper Mills, Inc., Bennington, NH
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Monadnock Pension Plan is a defined benefit pension plan sponsored by Monadnock Paper Mills, Inc. of Bennington, New Hampshire. For the plan year ending 31 Dec 2024 it reported 178 participants, 65 of them active, and net assets of $13.4M.
Net assets came to $75,300 per participant, below the $80,635 median for defined benefit plans with 100 to 249 participants and above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $77K: $435 per participant, close to the same-size median of $451. Administrative expenses charged to the plan were $67K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $6.5M in 2009 to $13.4M in 2024 (up 105%), and participants from 232 to 178 (down 23%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $75,300 | $80,635 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $6,915 | $10,244 |
| Schedule C compensation per participant | $435 | $451 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.58% | 0.52% | 0.47% | 0.42% |
| Administrative expenses per participant | $377 | $582 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 178 | $13.4M | $75,298 | — | — | $77K |
| 2023 | 190 | $12.9M | $68,100 | — | — | $76K |
| 2022 | 197 | $12.0M | $60,817 | — | — | $78K |
| 2021 | 189 | $16.1M | $85,148 | — | — | $74K |
| 2020 | 189 | $14.7M | $77,688 | $250K | $0 | $33K |
| 2019 | 183 | $13.2M | $72,311 | — | — | $0 |
| 2018 | 181 | $11.8M | $65,431 | $500K | — | $0 |
| 2017 | 180 | $12.6M | $69,922 | $1.2M | — | $0 |
| 2016 | 175 | $10.7M | $61,417 | $1.7M | — | $0 |
| 2015 | 220 | $9.9M | $45,168 | $575K | — | $0 |
| 2014 | 233 | $10.0M | $42,738 | $625K | — | $0 |
| 2013 | 240 | $9.3M | $38,763 | $575K | — | $0 |
| 2012 | 243 | $8.1M | $33,461 | $676K | — | $0 |
| 2011 | 234 | $7.2M | $30,974 | $536K | — | $0 |
| 2010 | 230 | $6.9M | $29,996 | $282K | — | $0 |
| 2009 | 232 | $6.5M | $28,224 | $123K | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$12,938,639
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$1,183,372
- Benefits paid$651,487
- Administrative expenses$67,040
- Total expenses$718,527
- Net income$464,845
- Net transfers$0
- Net assets, end of year$13,403,484
Participants
- Active participants65
- Retired or separated, receiving benefits58
- Retired or separated, entitled to future benefits36
- Participants with account balances0
- Total participants, end of year178
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Life Insurance Company | Contract Administrator | $67,040 | $0 |
| Bank of New Hampshire Wealth | Investment advisory (plan) | $0 | $10,350 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$67,040
- Total administrative expenses$67,040
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Pooled separate accounts$13.4M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmGallagher, Flynn & Company, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $3,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1BBenefits are primarily flat dollar (includes dollars per year of service)3DPre-approved pension plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 322100: Pulp, Paper, & Paperboard Mills.
Other plans of Monadnock Paper Mills, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Monadnock Paper Mills, Inc. Retirement Plan | 192 | $24.3M |
Similar plans in New Hampshire
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Pfeiffer Vacuum, Inc. Pension Plan | Pfeiffer Vacuum, Inc. | 179 | $13.8M | $77,048 |
| Monadnock Paper Mills, Inc. Retirement Plan | Monadnock Paper Mills, Inc. | 192 | $24.3M | $126,717 |
| Pension Plan for Legacy and Lowell Employees of Coca-Cola Beverages Northeast, Inc. | Coca-Cola Beverages Northeast, Inc. | 559 | $66.7M | $119,357 |
| Velcro Pension Plan | Velcro USA Inc. | 891 | $53.0M | $59,452 |
| Pension Plan for Employees of Coca-Cola Beverages Northeast, Inc. | Coca-Cola Beverages Northeast, Inc. | 976 | $31.6M | $32,327 |
| Standex International Corporation Pension Plans | Standex International Corporation | 2,527 | $150M | $59,221 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Monadnock Pension Plan?
178 participants at the end of the plan year ending 31 Dec 2024, of whom 65 were active employees, with net assets of $13,403,484. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does Monadnock Paper Mills, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $77,390 in compensation to service provider organisations, $435 per participant or 0.58% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $67,040. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Monadnock Paper Mills, Inc.. Recordkeeping or administration: Principal Life Insurance Company. Investment advisory or management: Bank of New Hampshire Wealth. The financial statements were audited by Gallagher, Flynn & Company, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 22 Sep 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 02-0215853, plan 001, received 22 Sep 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.