New York › Finance and insurance › 100 to 249 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Maspeth Federal Savings & Loan Association Pension Trust
Sponsored by Maspeth Federal Savings & Loan Association, Maspeth, 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.
Maspeth Federal Savings & Loan Association of Maspeth, New York sponsors Maspeth Federal Savings & Loan Association Pension Trust, a cash balance pension plan. Its Form 5500 for the plan year ending 30 Sep 2025 shows 218 participants (163 active) and $14.5M in net assets.
Net assets came to $66,341 per participant, below the $80,635 median for defined benefit plans with 100 to 249 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 $1.1M for the year ($6,627 per active participant) and benefits paid were $786K. 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 3 service provider organisations paid $5,000 or more, with reported compensation of $171K: $783 per participant, well above the same-size median of $451. Administrative expenses charged to the plan were $201K. 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 $13.6M in 2009 to $14.5M in 2024 (up 7%), and participants from 204 to 218 (up 7%).
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 | $66,341 | $80,635 | $119,983 | $86,221 |
| Employer contributions per active participant | $6,627 | $9,975 | $7,849 | $10,244 |
| Schedule C compensation per participant | $783 | $451 | $352 | $344 |
| Schedule C compensation, share of net assets | 1.2% | 0.52% | 0.32% | 0.42% |
| Administrative expenses per participant | $924 | $582 | $433 | $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), 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 | 218 | $14.5M | $66,339 | $1.1M | — | $171K |
| 2023 | 210 | $13.7M | $65,205 | $1.1M | — | $130K |
| 2022 | 200 | $12.1M | $60,335 | $1.8M | — | $126K |
| 2021 | 188 | $12.4M | $65,979 | — | — | $145K |
| 2020 | 198 | $14.5M | $73,177 | $4.5M | — | $125K |
| 2019 | 194 | $11.5M | $59,041 | $2.0M | — | $92K |
| 2018 | 189 | $10.9M | $57,709 | $1.2M | — | $119K |
| 2017 | 208 | $13.6M | $65,365 | $963K | $0 | $123K |
| 2016 | 197 | $13.0M | $66,223 | $1.2M | — | $114K |
| 2015 | 206 | $12.3M | $59,568 | $1.1M | — | $116K |
| 2014 | 226 | $11.8M | $52,018 | $906K | $0 | $100K |
| 2013 | 212 | $11.3M | $53,151 | $808K | $0 | $93K |
| 2012 | 203 | $11.4M | $55,931 | $1.0M | $0 | $69K |
| 2011 | 205 | $13.2M | $64,220 | $1.5M | — | $80K |
| 2010 | 205 | $11.6M | $56,663 | $600K | — | $81K |
| 2009 | 204 | $13.6M | $66,529 | $600K | — | $60K |
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$13,693,114
- Employer contributions$1,080,210
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$1,080,210
- Total income, including investment results$1,756,573
- Benefits paid$785,899
- Administrative expenses$201,469
- Total expenses$987,368
- Net income$769,205
- Net transfers$0
- Net assets, end of year$14,462,319
Participants
- Active participants163
- Retired or separated, receiving benefits8
- Retired or separated, entitled to future benefits47
- Total participants, end of year218
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Brompton Services | Investment management | $71,107 | $0 |
| The Benefit Practice | Actuarial | $67,000 | $0 |
| Bloomberg Finance | Investment advisory (plan) | $32,663 | $0 |
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
- Other administrative expenses$134,469
- Actuarial fees$67,000
- Total administrative expenses$201,469
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.
- U.S. Government securities$9.7M · 66.8%
- Corporate stocks$3.1M · 21.6%
- Receivables$1.1M · 7.5%
- Cash (interest and non-interest bearing)$593K · 4.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBaker Tilly US, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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 related1CCash balance or similar plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 522120: Savings Institutions.
Other plans of Maspeth Federal Savings & Loan Association
| Plan | Participants | Net assets |
|---|---|---|
| Maspeth Federal Savings & Loan Association 401(k) Plan | 203 | $13.9M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Retirement Plan of Flushing Bank | Oceanfirst Bank | 220 | $18.2M | $82,667 |
| Pension Plan for Employees of DZ Bank AG, New York Branch | DZ Bank AG, New York Branch | 211 | $47.8M | $226,608 |
| The Retirement Plan of Pioneer Bank, National Association | Pioneer Bank, National Association | 233 | $62.9M | $269,826 |
| Ballston Spa National Bank Pension Plan | Ballston Spa National Bank | 209 | $21.9M | $104,742 |
| The Retirement Plan of Dime Community Bank | Dime Community Bank | 240 | $19.0M | $79,245 |
| The Adirondack Trust Company Employees' Pension Plan | The Adirondack Trust Company | 195 | $49.6M | $254,217 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Maspeth Federal Savings & Loan Association Pension Trust?
218 participants at the end of the plan year ending 30 Sep 2025, of whom 163 were active employees, with net assets of $14,462,319. 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 Maspeth Federal Savings & Loan Association contribute per participant?
The filing reports $1,080,210 in employer contributions for the year, which is $6,627 per active participant; the median for plans of the same type and size was $9,975 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 $170,770 in compensation to service provider organisations, $783 per participant or 1.2% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $201,469. 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 Maspeth Federal Savings & Loan Association. Investment advisory or management: Brompton Services and Bloomberg Finance. The financial statements were audited by Baker Tilly US, 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. 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 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 14 Jul 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 11-1553555, plan 001, received 14 Jul 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.