New York › Retail trade › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Dec 2024 to 30 Nov 2025
Local 111 Pension Fund
Sponsored by Board of Trustees of Local 111 Pension Fund, Brooklyn, 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.
Board of Trustees of Local 111 Pension Fund of Brooklyn, New York sponsors Local 111 Pension Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 30 Nov 2025 shows 1,626 participants (360 active) and $76.1M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $46,797 per participant, well below the $87,371 median for defined benefit plans with 1,000 to 4,999 participants and well above the $31,248 median for defined benefit plans in retail trade. 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 $536K for the year ($1,489 per active participant) and benefits paid were $4.4M. 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 $565K: $347 per participant, above the same-size median of $324. Administrative expenses charged to the plan were $685K. 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 $57.1M in 2009 to $76.1M in 2024 (up 33%), and participants from 1,998 to 1,626 (down 19%).
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 | $46,797 | $87,371 | $31,248 | $86,073 |
| Employer contributions per active participant | $1,489 | $10,551 | $2,791 | $10,170 |
| Schedule C compensation per participant | $347 | $324 | $165 | $344 |
| Schedule C compensation, share of net assets | 0.74% | 0.41% | 0.59% | 0.43% |
| Administrative expenses per participant | $421 | $513 | $310 | $526 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,558 plans), retail trade (134) and all US plans (5,366). 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 | 1,626 | $76.1M | $46,797 | $536K | — | $565K |
| 2023 | 1,621 | $74.0M | $45,669 | $547K | — | $537K |
| 2022 | 1,636 | $52.4M | $32,001 | $546K | — | $483K |
| 2021 | 1,686 | $65.3M | $38,714 | $574K | — | $481K |
| 2020 | 1,731 | $60.3M | $34,815 | $2.3M | — | $506K |
| 2019 | 1,824 | $58.4M | $32,009 | $646K | — | $563K |
| 2018 | 1,796 | $54.3M | $30,261 | $535K | — | $425K |
| 2017 | 1,811 | $60.1M | $33,166 | $533K | — | $418K |
| 2016 | 1,824 | $57.3M | $31,424 | $372K | — | $446K |
| 2015 | 1,834 | $57.4M | $31,293 | $328K | — | $381K |
| 2014 | 1,833 | $62.5M | $34,086 | $260K | — | $435K |
| 2013 | 1,893 | $63.7M | $33,644 | $684K | — | $452K |
| 2012 | 1,945 | $59.7M | $30,709 | $226K | — | $563K |
| 2011 | 1,966 | $57.6M | $29,273 | $230K | — | $528K |
| 2010 | 2,002 | $60.8M | $30,373 | $82K | — | $557K |
| 2009 | 1,998 | $57.1M | $28,592 | $91K | — | $1.4M |
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$74,030,212
- Employer contributions$536,150
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$536,150
- Total income, including investment results$7,124,095
- Benefits paid$4,377,096
- Administrative expenses$685,245
- Total expenses$5,062,341
- Net income$2,061,754
- Net transfers$0
- Net assets, end of year$76,091,966
Participants
- Active participants360
- Retired or separated, receiving benefits620
- Retired or separated, entitled to future benefits508
- Total participants, end of year1,626
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| United Teamster Fund | Contract Administrator | $116,596 | $0 |
| New England Pension Consultants | Investment advisory (plan) | $75,000 | $0 |
| Loomis Sayles Trust Company | Investment management | $54,600 | $0 |
| O'Sullivan Associates | Actuarial | $53,563 | $0 |
| Boston Trust Walden Company | Investment management | $48,740 | $0 |
| Calibre CPA Group, PLLC | Accounting (including auditing) | $42,243 | $0 |
| Automatic Data Processing, Inc. | Recordkeeping and information management | $29,589 | $0 |
| Principal Custody Solutions | Custodial (securities) | $26,813 | $0 |
| Cary Kane, PLLC | Legal | $25,315 | $0 |
| Parametric Portfolio Associates LLC | Investment management | $24,102 | $0 |
| Intercontinental Real Estate | Investment management | $24,078 | $0 |
| Bridgeway Benefit Technologies | Recordkeeping and information management | $16,638 | $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$251,259
- Other administrative expenses$157,936
- Contract administrator fees$116,596
- Actuarial fees$53,563
- IQPA audit fees$42,243
- Legal fees$36,835
- Trustee and custodial fees$26,813
- Total administrative expenses$685,245
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)$28.9M · 38.0%
- Corporate debt instruments$12.8M · 16.7%
- Other investments$9.4M · 12.3%
- Common/collective trusts$9.0M · 11.8%
- 103-12 investment entities$7.5M · 9.8%
- Corporate stocks$6.6M · 8.6%
- Cash (interest and non-interest bearing)$1.8M · 2.4%
- Receivables$208K · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group, PLLC
- 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 441300: Automotive Parts, Accessories, & Tire Stores.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Local 1205 Pension Fund | Board of Trustees of Local 1205 Pension Fund | 1,695 | $269M | $158,927 |
| Local 1102 Amalgamated Pension Fund | Board of Trustees of Local 1102 Amalgama | 1,593 | $60.5M | $37,963 |
| Local 553 Pension Fund | Board of Trustees of Local 553 Pension Fund | 1,890 | $264M | $139,454 |
| Local 810 Affliated Pension Plan | Board of Trustees of Local 810 Affiliated Pension Plan | 1,442 | $33.2M | $23,001 |
| Saks Fifth Avenue Pension Plan | Saks & Company LLC | 2,401 | $62.3M | $25,951 |
| Local 816 Labor & Management Pension Trust Fund | Board of Trustees of Local 816 Labor and Management Pension Trust Fund | 1,409 | $152M | $107,571 |
Defined benefit plans in retail trade closest in size.
Questions and answers
How big is Local 111 Pension Fund?
1,626 participants at the end of the plan year ending 30 Nov 2025, of whom 360 were active employees, with net assets of $76,091,966. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,558 plans in plan year 2024.
What does Board of Trustees of Local 111 Pension Fund contribute per participant?
The filing reports $536,150 in employer contributions for the year, which is $1,489 per active participant; the median for plans of the same type and size was $10,551 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 $564,611 in compensation to service provider organisations, $347 per participant or 0.74% of net assets. The same-size median among plans reporting any Schedule C compensation was $324 per participant. Administrative expenses on Schedule H were $685,245. 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 Board of Trustees of Local 111 Pension Fund. Recordkeeping or administration: United Teamster Fund, Automatic Data Processing, Inc. and Bridgeway Benefit Technologies. Investment advisory or management: New England Pension Consultants, Loomis Sayles Trust Company and Boston Trust Walden Company. Trustee or custodian: Principal Custody Solutions. The financial statements were audited by Calibre CPA Group, PLLC. 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 Dec 2024 to 30 Nov 2025, received by the Department of Labor on 14 Sep 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 Sep 2026. This page shows the latest filing on record for EIN 11-1955247, plan 001, received 14 Sep 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.