New York › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Aug 2024 to 31 Jul 2025
Construction & General Laborers' Local 190 Pension Fund
Sponsored by Construction & General Laborers' Local 190 Pension, Glenmont, 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.
Construction & General Laborers' Local 190 Pension Fund is a defined benefit pension plan sponsored by Construction & General Laborers' Local 190 Pension of Glenmont, New York. For the plan year ending 31 Jul 2025 it reported 1,971 participants, 741 of them active, and net assets of $165M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $83,799 per participant, close to the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $119,983 median for defined benefit plans in finance and insurance. 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 $16.5M for the year ($22,309 per active participant) and benefits paid were $13.6M. 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 $1.1M: $557 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $1.3M. 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 $66.8M in 2009 to $165M in 2024 (up 147%), and participants from 1,797 to 1,971 (up 10%).
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 | $83,799 | $87,935 | $119,983 | $86,221 |
| Employer contributions per active participant | $22,309 | $10,593 | $7,849 | $10,244 |
| Schedule C compensation per participant | $557 | $325 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.67% | 0.41% | 0.32% | 0.42% |
| Administrative expenses per participant | $639 | $513 | $433 | $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), finance and insurance (690) 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 | 1,971 | $165M | $83,799 | $16.5M | — | $1.1M |
| 2023 | 2,028 | $150M | $74,197 | $15.2M | — | $1.1M |
| 2022 | 1,976 | $131M | $66,503 | $13.7M | — | $880K |
| 2021 | 1,949 | $122M | $62,407 | $12.9M | — | $998K |
| 2020 | 1,693 | $136M | $80,246 | $9.4M | — | $825K |
| 2019 | 1,540 | $86.2M | $55,971 | $10.7M | — | $627K |
| 2018 | 1,642 | $80.7M | $49,137 | $8.7M | — | $450K |
| 2017 | 1,464 | $79.6M | $54,341 | $7.7M | — | $474K |
| 2016 | 1,370 | $76.8M | $56,045 | $7.3M | — | $445K |
| 2015 | 1,252 | $73.7M | $58,854 | $6.9M | — | $446K |
| 2014 | 1,476 | $75.5M | $51,136 | $7.5M | — | $483K |
| 2013 | 1,482 | $74.0M | $49,921 | $5.9M | — | $354K |
| 2012 | 1,496 | $71.7M | $47,935 | $6.0M | — | $351K |
| 2011 | 1,658 | $67.7M | $40,811 | $5.6M | — | $338K |
| 2010 | 1,550 | $70.1M | $45,209 | $5.1M | — | $190K |
| 2009 | 1,797 | $66.8M | $37,190 | $5.5M | — | $157K |
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$150,471,285
- Employer contributions$16,531,311
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$16,531,311
- Total income, including investment results$29,528,520
- Benefits paid$13,572,849
- Administrative expenses$1,258,509
- Total expenses$14,831,358
- Net income$14,697,162
- Net transfers$0
- Net assets, end of year$165,168,447
Participants
- Active participants741
- Retired or separated, receiving benefits708
- Retired or separated, entitled to future benefits344
- Total participants, end of year1,971
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Morgan Stanley Smith Barney LLC | Investment advisory (plan); Custodial (securities) | $407,989 | $0 |
| Zenith American Solutions | Plan Administrator | $188,601 | $0 |
| Clearbridge | Investment management fees paid directly by plan; Other investment fees and expenses | $90,928 | $0 |
| Aristotle Capital Management | Investment management | $83,268 | $0 |
| Robert Cheverie & Associates, P.C. | Legal | $61,270 | $0 |
| Clearbridge International Growth | Investment management | $56,846 | $0 |
| Summit Actuarial Services, LLC | Actuarial | $48,900 | $0 |
| Principal Midcap LLC | Investment management | $45,849 | $0 |
| Pimco | Investment management | $28,092 | $0 |
| Sage Advisory Services Ltd. Co. | Investment management | $21,925 | $0 |
| Boyd Watterson Asset Management | Investment management | $21,036 | $0 |
| Ziegler Capital Management, LLC | Investment management | $20,644 | $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
- Investment advisory and management fees$776,577
- Contract administrator fees$205,417
- Other administrative expenses$125,111
- Legal fees$61,270
- Actuarial fees$48,900
- IQPA audit fees$31,000
- Recordkeeping fees$10,234
- Total administrative expenses$1,258,509
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.
- Corporate stocks$102M · 61.5%
- Partnership/joint venture interests$16.6M · 10.0%
- Corporate debt instruments$12.0M · 7.2%
- Cash (interest and non-interest bearing)$11.8M · 7.1%
- U.S. Government securities$10.8M · 6.5%
- Registered investment companies (mutual funds)$10.6M · 6.4%
- Receivables$2.2M · 1.3%
- Buildings and other property used in plan operation$10K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
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)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| SG Pension Plan | Societe Generale | 2,052 | $225M | $109,774 |
| The Retirement Plan of Flagstar Bank, National Association | Flagstar Bank, National Association | 1,914 | $268M | $139,856 |
| Moody's Corporation Retirement Account | Moody's Corporation | 2,163 | $459M | $212,392 |
| Local 153-GHI Pension Plan | Trustees of Local 153- Ghi Pension Plan | 1,903 | $237M | $124,564 |
| Mony Life Retirement Income Security Plan for Employees | Equitable Holdings, Inc. | 2,186 | $195M | $89,303 |
| Swiss Re Group U.S. Employees' Pension Plan | Swiss Re America Holding Corporation | 1,887 | $395M | $209,502 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Construction & General Laborers' Local 190 Pension Fund?
1,971 participants at the end of the plan year ending 31 Jul 2025, of whom 741 were active employees, with net assets of $165,168,447. 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 Construction & General Laborers' Local 190 Pension contribute per participant?
The filing reports $16,531,311 in employer contributions for the year, which is $22,309 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 $1,098,699 in compensation to service provider organisations, $557 per participant or 0.67% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,258,509. 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 Construction & General Laborers' Local 190 Pension. Recordkeeping or administration: Zenith American Solutions. Investment advisory or management: Morgan Stanley Smith Barney LLC, Aristotle Capital Management and Clearbridge International Growth. Trustee or custodian: Morgan Stanley Smith Barney LLC. 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 Aug 2024 to 31 Jul 2025, received by the Department of Labor on 15 May 2026. 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 06-1211087, plan 001, received 15 May 2026; 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.