New York › Administrative and support and waste management services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
32BJ Connecticut Pension Fund
Sponsored by BD of Trustees 32BJ Connecticut Pension Fund, New York, NY
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.
In the plan year ending 31 Dec 2024, 32BJ Connecticut Pension Fund covered 3,634 participants and held $83.5M in net assets. The plan is a defined benefit pension plan sponsored by BD of Trustees 32BJ Connecticut Pension Fund of New York, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $22,979 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $84,727 median for defined benefit plans in administrative and support and waste management services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $3.9M for the year ($2,298 per active participant) and benefits paid were $4.1M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 14 service provider organisations paid $5,000 or more, with reported compensation of $694K: $191 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $858K. 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 $30.4M in 2009 to $83.5M in 2024 (up 174%), and participants from 2,717 to 3,634 (up 34%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $22,979 | $87,935 | $84,727 | $86,221 |
| Employer contributions per active participant | $2,298 | $10,593 | $14,385 | $10,244 |
| Schedule C compensation per participant | $191 | $325 | $328 | $344 |
| Schedule C compensation, share of net assets | 0.83% | 0.41% | 0.55% | 0.42% |
| Administrative expenses per participant | $236 | $513 | $508 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), administrative and support and waste management services (58) 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 | 3,634 | $83.5M | $22,979 | $3.9M | — | $694K |
| 2023 | 3,589 | $77.3M | $21,543 | $3.7M | — | $767K |
| 2022 | 3,570 | $68.6M | $19,207 | $3.8M | — | $705K |
| 2021 | 3,547 | $79.8M | $22,491 | $3.2M | — | $802K |
| 2020 | 3,548 | $71.2M | $20,068 | $3.2M | — | $753K |
| 2019 | 3,566 | $64.4M | $18,066 | $3.4M | — | $664K |
| 2018 | 3,594 | $55.8M | $15,516 | $3.4M | — | $759K |
| 2017 | 3,589 | $58.4M | $16,276 | $3.3M | — | $707K |
| 2016 | 3,412 | $51.3M | $15,021 | $4.5M | — | $687K |
| 2015 | 3,275 | $46.7M | $14,251 | $3.2M | — | $636K |
| 2014 | 3,301 | $46.7M | $14,160 | $3.3M | — | $1.3M |
| 2013 | 3,179 | $44.1M | $13,860 | $3.0M | — | $520K |
| 2012 | 3,189 | $38.4M | $12,042 | $3.0M | — | $498K |
| 2011 | 3,133 | $34.1M | $10,871 | $2.7M | — | $622K |
| 2010 | 3,116 | $33.7M | $10,812 | $2.6M | — | $555K |
| 2009 | 2,717 | $30.4M | $11,205 | $2.2M | — | $494K |
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$77,318,381
- Employer contributions$3,934,875
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$3,934,875
- Total income, including investment results$11,131,095
- Benefits paid$4,083,599
- Administrative expenses$858,428
- Total expenses$4,942,027
- Net income$6,189,068
- Net transfers$0
- Net assets, end of year$83,507,449
Participants
- Active participants1,712
- Retired or separated, receiving benefits878
- Retired or separated, entitled to future benefits907
- Total participants, end of year3,634
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Building Service 32BJ Health Fund | Accounting (including auditing); Plan Administrator | $302,109 | $0 |
| Gallagher Fiduciary Advisors, LLC | Investment advisory (plan) | $65,000 | $0 |
| The Segal Company | Actuarial; Consulting (general) | $62,540 | $0 |
| Withumsmith+brown, P.C. | Accounting (including auditing) | $55,399 | $0 |
| Loomis Sayles Trust Company | Investment management | $52,653 | $0 |
| Segal Select Ins Services, Inc. | Insurance agents and brokers | $35,028 | $6,747 |
| Schultheis & Panettieri, LLP | Accounting (including auditing) | $21,310 | $0 |
| JPM Chase Bank | Other services | $19,494 | $0 |
| H&H Graphic Printing Communications | Copying and duplicating | $17,729 | $0 |
| Slevin & Hart, PC | Legal | $17,271 | $0 |
| BNY Mellon | Custodial (securities) | $11,298 | $0 |
| Hamilton Lane Advisors LLC | Investment management | $10,259 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 2 smaller rows are not shown. 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
- Salaries and allowances$302,109
- Other administrative expenses$230,799
- Investment advisory and management fees$154,566
- Actuarial fees$62,540
- IQPA audit fees$55,399
- Recordkeeping fees$23,506
- Legal fees$18,211
- Trustee and custodial fees$11,298
- Total administrative expenses$858,428
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.
- Registered investment companies (mutual funds)$46.2M · 55.2%
- Common/collective trusts$29.5M · 35.3%
- Partnership/joint venture interests$5.0M · 6.0%
- Corporate stocks$1.7M · 2.0%
- Cash (interest and non-interest bearing)$752K · 0.9%
- Receivables$458K · 0.5%
- Buildings and other property used in plan operation$51K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWithumsmith+brown, PC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561790: Other Services to Buildings & Dwellings.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| 32BJ North Pension Fund | Board of Trustees 32BJ North Pension Fund | 15,517 | $589M | $37,937 |
| Pension Plan Private Sanitation Union Local 813 Ibt | Board of Trustees of Pension Fund Private Sanitation Union Local 813 I | 3,308 | $279M | $84,214 |
| Building Service 32BJ Pension Fund | Board of Trustees of the Building Service 32BJ Pension Fund | 121,234 | $4.57B | $37,717 |
| DTTS Pension Plan | Deloitte Touche Tohmatsu Services, LLC | 2,808 | $248M | $88,185 |
| 32BJ/BROADWAY League Pension Fund | Board of Trustees of the 32BJ/BROADWAY League Pension Fund | 2,539 | $76.2M | $30,008 |
| Sports Arena Employees Local 137 Retirement Fund | Sports Arena Employees Local 137 Retirement Fund | 1,255 | $41.8M | $33,335 |
Defined benefit plans in administrative and support and waste management services closest in size.
Questions and answers
How big is 32BJ Connecticut Pension Fund?
3,634 participants at the end of the plan year ending 31 Dec 2024, of whom 1,712 were active employees, with net assets of $83,507,449. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does BD of Trustees 32BJ Connecticut Pension Fund contribute per participant?
The filing reports $3,934,875 in employer contributions for the year, which is $2,298 per active participant; the median for plans of the same type and size was $10,593 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $693,738 in compensation to service provider organisations, $191 per participant or 0.83% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $858,428. 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 BD of Trustees 32BJ Connecticut Pension Fund. Recordkeeping or administration: Building Service 32BJ Health Fund. Investment advisory or management: Gallagher Fiduciary Advisors, LLC, Loomis Sayles Trust Company and Hamilton Lane Advisors LLC. Trustee or custodian: BNY Mellon. The financial statements were audited by Withumsmith+brown, PC. 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. 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 12 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 06-0909320, plan 001, received 12 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.