New York › Real estate and rental and leasing › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Rudin Management Co. Inc. Employees' Pension Trust
Sponsored by Rudin Management Co., Inc., New York, 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.
Rudin Management Co. Inc. Employees' Pension Trust is a defined benefit pension plan sponsored by Rudin Management Co., Inc. of New York, New York. For the plan year ending 31 Dec 2024 it reported 327 participants, 134 of them active, and net assets of $124M.
Net assets came to $379,632 per participant, well above the $87,254 median for defined benefit plans with 250 to 499 participants and well above the $78,210 median for defined benefit plans in real estate and rental and leasing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $920K: $2,812 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $959K. 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 $33.4M in 2009 to $124M in 2024 (up 271%), and participants from 227 to 327 (up 44%).
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 DB plans |
|---|---|---|---|---|
| Net assets per participant | $379,632 | $87,254 | $78,210 | $86,221 |
| Employer contributions per active participant | — | $11,032 | $3,420 | $10,244 |
| Schedule C compensation per participant | $2,812 | $413 | $416 | $344 |
| Schedule C compensation, share of net assets | 0.74% | 0.51% | 0.61% | 0.42% |
| Administrative expenses per participant | $2,932 | $596 | $748 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), real estate and rental and leasing (33) 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 | 327 | $124M | $379,633 | — | — | $920K |
| 2023 | 306 | $123M | $402,673 | — | — | $973K |
| 2022 | 282 | $112M | $395,461 | — | — | $786K |
| 2021 | 283 | $148M | $522,951 | — | — | $696K |
| 2020 | 290 | $139M | $480,886 | — | — | $560K |
| 2019 | 284 | $122M | $428,419 | — | — | $522K |
| 2018 | 271 | $100M | $369,125 | — | — | $489K |
| 2017 | 256 | $111M | $432,949 | — | — | $481K |
| 2016 | 255 | $99.6M | $390,690 | $2.8M | — | $446K |
| 2015 | 240 | $92.4M | $385,054 | $3.3M | — | $433K |
| 2014 | 238 | $93.6M | $393,185 | $7.0M | — | $454K |
| 2013 | 236 | $81.5M | $345,297 | $8.5M | — | $355K |
| 2012 | 223 | $62.9M | $281,924 | $10.3M | — | $276K |
| 2011 | 228 | $49.2M | $215,632 | $9.8M | — | $227K |
| 2010 | 226 | $41.5M | $183,717 | $6.3M | — | $183K |
| 2009 | 227 | $33.4M | $147,251 | $5.3M | — | $127K |
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$123,217,705
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$7,959,891
- Benefits paid$6,079,307
- Administrative expenses$958,637
- Total expenses$7,037,944
- Net income$921,947
- Net transfers$0
- Net assets, end of year$124,139,652
Participants
- Active participants134
- Retired or separated, receiving benefits107
- Retired or separated, entitled to future benefits63
- Total participants, end of year327
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Wellington Trust Company | Trustee (bank, trust company, or similar financial institution); Investment management | $334,660 | $0 |
| Segal | Actuarial; Investment advisory (participants) | $261,000 | $0 |
| Bank of New York | Plan Administrator; Trustee (bank, trust company, or similar financial institution); Investment management | $211,519 | $0 |
| Roberts & Holland LLP | Legal | $50,222 | $0 |
| Paycom Software, Inc. | Recordkeeping and information management | $36,700 | $0 |
| Forvis Mazars, LLP | Accounting (including auditing) | $25,500 | $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$546,179
- Actuarial fees$261,000
- Legal fees$50,222
- Contract administrator fees$40,407
- Other administrative expenses$30,906
- IQPA audit fees$25,401
- Trustee and custodial fees$4,522
- Total administrative expenses$958,637
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 debt instruments$68.3M · 54.9%
- Common/collective trusts$43.0M · 34.6%
- Cash (interest and non-interest bearing)$11.4M · 9.2%
- Receivables$1.6M · 1.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmForvis Mazars, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,000,000
- 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 related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 531390: Other Activities Related to Real Estate.
Other plans of Rudin Management Co., Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Rudin Management Co., Inc. 401(k) Plan | 244 | $45.9M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Retirement Income Plan for Salaried Employees of Rockefeller Group International, Inc. | Rockefeller Group International, Inc. | 479 | $122M | $255,480 |
| Pension Plan for Employees of Phipps Houses and Affiliates | Phipps Houses | 307 | $53.1M | $173,057 |
| The Shubert Organization, Inc. Employees Pension Plan | The Shubert Organization, Inc. | 499 | $200M | $401,759 |
| The Riverbay Corporation Retirement Plan | Riverbay Corporation | 287 | $37.3M | $129,973 |
| Local 377 Pension Fund | Joint Board of Trustees of Local 377 Pension Fund | 1,371 | $23.7M | $17,251 |
| Pension Plan for Non-Union Employees of Peerless Importers Inc. | Peerless Equities LLC | 157 | $17.4M | $110,753 |
Defined benefit plans in real estate and rental and leasing closest in size.
Questions and answers
How big is Rudin Management Co. Inc. Employees' Pension Trust?
327 participants at the end of the plan year ending 31 Dec 2024, of whom 134 were active employees, with net assets of $124,139,652. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Rudin Management Co., Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $919,601 in compensation to service provider organisations, $2,812 per participant or 0.74% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $958,637. 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 Rudin Management Co., Inc.. Recordkeeping or administration: Bank of New York and Paycom Software, Inc.. Investment advisory or management: Wellington Trust Company, Segal and Bank of New York. Trustee or custodian: Wellington Trust Company and Bank of New York. The financial statements were audited by Forvis Mazars, 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 19 Sep 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 13-1247876, plan 001, received 19 Sep 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.