New Jersey › Other services › 25,000 or more participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Itpeu Pension Fund
Sponsored by Itpeu Pension Fund, Clark, NJ
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.
Itpeu Pension Fund is a money purchase plan sponsored by Itpeu Pension Fund of Clark, New Jersey. For the plan year ending 30 Sep 2025 it reported 58,365 participants, 16,571 of them active, and net assets of $172M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $2,954 per participant, well below the $62,774 median for defined contribution plans with 25,000 or more participants and well below the $40,686 median for defined contribution plans in other services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $15.8M during the year, or $954 per active participant against a same-size median of $2,417; participants contributed —. Benefits paid out totalled $13.8M.
Schedule C lists 11 service provider organisations paid $5,000 or more, with reported compensation of $818K: $14.02 per participant, well below the same-size median of $36.41. Administrative expenses charged to the plan were $2.1M. 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 $111M in 2009 to $172M in 2024 (up 56%), and participants from 31,007 to 58,365 (up 88%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $2,954 | $62,774 | $40,686 | $53,102 |
| Employer contributions per active participant | $954 | $2,417 | $2,024 | $2,175 |
| Schedule C compensation per participant | $14.02 | $36.41 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.47% | 0.07% | 0.30% | 0.26% |
| Administrative expenses per participant | $36.35 | $38.81 | $99.73 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 25,000 or more participants (608 plans), other services (2,675) and all US plans (63,460). 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 | 58,365 | $172M | $2,954 | $15.8M | — | $818K |
| 2023 | 54,550 | $160M | $2,942 | $14.5M | — | $771K |
| 2022 | 50,448 | $141M | $2,786 | $12.9M | — | $760K |
| 2021 | 45,554 | $139M | $3,054 | $12.0M | — | $828K |
| 2020 | 41,970 | $158M | $3,766 | $12.0M | — | $822K |
| 2019 | 38,914 | $148M | $3,799 | $11.4M | — | $756K |
| 2018 | 36,929 | $143M | $3,860 | $12.2M | — | $732K |
| 2017 | 34,014 | $138M | $4,048 | $12.1M | — | $759K |
| 2016 | 32,221 | $134M | $4,171 | $11.9M | — | $706K |
| 2015 | 30,684 | $129M | $4,214 | $11.8M | — | $697K |
| 2014 | 31,119 | $122M | $3,916 | $11.3M | — | $614K |
| 2013 | 29,263 | $124M | $4,235 | $11.5M | — | $533K |
| 2012 | 29,924 | $121M | $4,041 | $11.7M | — | $580K |
| 2011 | 30,148 | $122M | $4,060 | $12.6M | — | $615K |
| 2010 | 31,124 | $116M | $3,727 | $13.8M | — | $549K |
| 2009 | 31,007 | $111M | $3,566 | $14.7M | — | $626K |
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$160,467,833
- Employer contributions$15,802,432
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$15,802,432
- Total income, including investment results$27,850,193
- Benefits paid$13,778,319
- Administrative expenses$2,121,373
- Total expenses$15,899,692
- Net income$11,950,501
- Net transfers$0
- Net assets, end of year$172,418,334
Participants
- Active participants16,571
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits41,794
- Participants with account balances58,365
- Total participants, end of year58,365
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Invesco | Investment management | $167,911 | $0 |
| JP Morgan Chase Bank | Investment management | $117,973 | $0 |
| Spear Wilderman, P.C. | Legal | $97,754 | $0 |
| Mackay Shields, LLC | Investment management | $90,600 | $0 |
| Pension Benefit Information LLC | Other fees | $84,766 | $0 |
| Weaver and Tidwell, LLP | Accounting (including auditing) | $75,793 | $0 |
| Asb Capital Management LLC | Investment management | $65,031 | $0 |
| Quanvest Consultants, Inc. | Investment advisory (plan) | $63,594 | $0 |
| Amalgamated Bank | Investment management | $23,600 | $0 |
| MSPC | Other services | $18,000 | $0 |
| Comerica Bank | Custodial (securities) | $12,290 | $1,116 |
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$1,199,741
- Investment advisory and management fees$541,999
- Other administrative expenses$236,204
- Legal fees$97,754
- IQPA audit fees$45,675
- Total administrative expenses$2,121,373
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.
- Common/collective trusts$92.7M · 53.6%
- U.S. Government securities$42.8M · 24.8%
- Corporate debt instruments$32.9M · 19.1%
- Cash (interest and non-interest bearing)$2.3M · 1.3%
- Receivables$2.0M · 1.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWeaver and Tidwell, LLP
- 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
2CMoney purchase (other than target benefit) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 813930: Labor Unions and Similar Labor Organizations.
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Agc Select 401(k) PEP | Plan Professionals, LLC | 19,193 | $610M | $31,764 |
| Wallenius Wilhelmsen Group of Companies 401(k) Plan | WWL Vehicle Services Americas, Inc. | 3,913 | $228M | $58,341 |
| United Scenic Artists Local 829 Retirement 401(k) Plan | United Scenic Artists, Local 829 | 2,573 | $217M | $84,523 |
| Jewish Federation of Southern New Jersey 403(b) Plan | Jewish Federation of Southern New Jersey | 1,941 | $12.0M | $6,181 |
| Ieee, Inc. Savings and Investment Plan | The Institute of Electrical and Electronics Engineers,inc. | 1,704 | $622M | $365,018 |
| The United Methodist Homes of New Jersey 403(b) Savings and Retirement Plan | United Methodist Homes of New Jersey | 1,388 | $28.5M | $20,564 |
Defined contribution plans in other services closest in size.
Questions and answers
How big is Itpeu Pension Fund?
58,365 participants at the end of the plan year ending 30 Sep 2025, of whom 16,571 were active employees, with net assets of $172,418,334. Among defined contribution plans that places it in the 25,000 or more participants band, which held 608 plans in plan year 2024.
What does Itpeu Pension Fund contribute per participant?
The filing reports $15,802,432 in employer contributions for the year, which is $954 per active participant; the median for plans of the same type and size was $2,417 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 $818,428 in compensation to service provider organisations, $14.02 per participant or 0.47% of net assets. The same-size median among plans reporting any Schedule C compensation was $36.41 per participant. Administrative expenses on Schedule H were $2,121,373. 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 Itpeu Pension Fund. Investment advisory or management: Invesco, JP Morgan Chase Bank and Mackay Shields, LLC. Trustee or custodian: Comerica Bank. The financial statements were audited by Weaver and Tidwell, 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 6 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 11-2506736, plan 001, received 6 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.