New Jersey › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
International Union of Operating Engineers Local 25 Marine Division Annuity Plan
Sponsored by Int'l Union of Operating Engineers Local 25 Marine Division Annuity PL, Millstone Township, 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.
In the plan year ending 31 Dec 2024, International Union of Operating Engineers Local 25 Marine Division Annuity Plan covered 2,206 participants and held $102M in net assets. The plan is a 401(k) plan sponsored by Int'l Union of Operating Engineers Local 25 Marine Division Annuity PL of Millstone Township, New Jersey. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $46,193 per participant, below the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and below the $54,962 median for defined contribution plans in construction. 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 $3.6M during the year, or $2,647 per active participant against a same-size median of $2,045; participants contributed $3.6M and $62K arrived as rollovers and other contributions. Benefits paid out totalled $6.1M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $374K: $170 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $541K. 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 $36.1M in 2009 to $102M in 2024 (up 182%), and participants from 2,105 to 2,206 (up 5%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $46,193 | $50,295 | $54,962 | $53,102 |
| Employer contributions per active participant | $2,647 | $2,045 | $2,728 | $2,175 |
| Schedule C compensation per participant | $170 | $82.08 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.37% | 0.17% | 0.33% | 0.26% |
| Administrative expenses per participant | $245 | $82.20 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), construction (4,204) 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 | 2,206 | $102M | $46,193 | $3.6M | $3.6M | $374K |
| 2023 | 2,174 | $92.9M | $42,745 | $4.3M | $4.0M | $373K |
| 2022 | 2,192 | $81.9M | $37,372 | $3.2M | $4.4M | $356K |
| 2021 | 2,070 | $87.0M | $42,018 | $2.7M | $4.6M | $356K |
| 2020 | 2,048 | $78.8M | $38,468 | $3.0M | $4.2M | $340K |
| 2019 | 1,985 | $71.2M | $35,859 | $2.8M | $3.8M | $344K |
| 2018 | 2,370 | $62.5M | $26,386 | $4.0M | $3.4M | $326K |
| 2017 | 2,375 | $60.5M | $25,457 | $3.0M | $2.9M | $123K |
| 2016 | 2,037 | $55.3M | $27,146 | $2.0M | $2.6M | $47K |
| 2015 | 2,020 | $53.9M | $26,682 | $2.2M | $2.7M | $28K |
| 2014 | 2,009 | $52.0M | $25,900 | $2.8M | $2.6M | $29K |
| 2013 | 2,087 | $48.5M | $23,236 | $2.7M | $2.3M | $26K |
| 2012 | 1,801 | $43.2M | $24,006 | $2.3M | $2.0M | $25K |
| 2011 | 1,745 | $39.7M | $22,775 | $2.0M | $1.8M | $26K |
| 2010 | 1,732 | $38.0M | $21,950 | $1.6M | $1.7M | $38K |
| 2009 | 2,105 | $36.1M | $17,165 | $1.9M | $1.7M | $30K |
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$92,926,893
- Employer contributions$3,616,244
- Participant contributions$3,627,659
- Rollovers and other contributions$62,258
- Total contributions$7,306,161
- Total income, including investment results$15,781,031
- Benefits paid$6,089,216
- Administrative expenses$541,478
- Total expenses$6,806,759
- Net income$8,974,272
- Net transfers$0
- Net assets, end of year$101,901,165
Participants
- Active participants1,366
- Retired or separated, receiving benefits13
- Retired or separated, entitled to future benefits795
- Participants with account balances2,053
- Total participants, end of year2,206
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Milliman | Contract Administrator | $141,551 | $0 |
| Invesco Trust Company | Investment management | $121,041 | $0 |
| Investment Consulting Services, LLP | Investment advisory (plan) | $42,800 | $0 |
| Weaver and Tidwell LLP | Accounting (including auditing) | $33,708 | $0 |
| Matrix Trust Company | Custodial (securities) | $21,554 | $0 |
| Segal | Consulting fees | $13,772 | $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
- Investment advisory and management fees$187,245
- Contract administrator fees$141,551
- Legal fees$103,333
- Other administrative expenses$40,382
- IQPA audit fees$33,708
- Salaries and allowances$30,842
- Other trustee fees and expenses$4,417
- Total administrative expenses$541,478
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)$60.9M · 59.7%
- Common/collective trusts$38.5M · 37.7%
- Participant loans$1.3M · 1.3%
- Receivables$947K · 0.9%
- Cash (interest and non-interest bearing)$442K · 0.4%
- Buildings and other property used in plan operation$15K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmWeaver and Tidwell, LLP
- Participant contributions reported as transmitted lateYes, $70,666
- 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
2EProfit-sharing plan2GTotal participant-directed account plan2JCode section 401(k) feature3JU.S.-based plan that covers residents of Puerto Rico and is qualified under both codes
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238900: Other Specialty Trade Contractors (including site preparation).
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| One Diversified, LLC 401(k) Plan | One Diversified, LLC | 2,422 | $128M | $52,914 |
| Electricians Annuity Plan - IBEW Local 456 | Electricians Annuity Fund IBEW Local 456 | 2,170 | $355M | $163,387 |
| U a Local 322 Annuity Fund | United Association Local 322 Annuity Fund | 2,531 | $149M | $58,675 |
| The Argent Wealth PEP | Plan Professionals, LLC | 2,114 | $52.2M | $24,688 |
| Laborers' International Union of North America Local Union No. 616 DC Retirement Plan | Liuna 616 DC Retirement Plan | 2,636 | $12.4M | $4,696 |
| IBEW Local Union 269 Annuity Fund | IBEW Local Union 269 Annuity Fund | 1,922 | $297M | $154,688 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is International Union of Operating Engineers Local 25 Marine Division Annuity Plan?
2,206 participants at the end of the plan year ending 31 Dec 2024, of whom 1,366 were active employees, with net assets of $101,901,165. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does Int'l Union of Operating Engineers Local 25 Marine Division Annuity PL contribute per participant?
The filing reports $3,616,244 in employer contributions for the year, which is $2,647 per active participant; the median for plans of the same type and size was $2,045 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 $374,426 in compensation to service provider organisations, $170 per participant or 0.37% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $541,478. 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 Int'l Union of Operating Engineers Local 25 Marine Division Annuity PL. Recordkeeping or administration: Milliman. Investment advisory or management: Invesco Trust Company and Investment Consulting Services, LLP. Trustee or custodian: Matrix Trust Company. 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 14 Oct 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 11-3041922, plan 002, received 14 Oct 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.