New York › Transportation and warehousing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Lufthansa German Airlines Pension Plan for United States Employees
Sponsored by Lufthansa German Airlines, Uniondale, 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.
In the plan year ending 31 Dec 2024, Lufthansa German Airlines Pension Plan for United States Employees covered 1,631 participants and held $136M in net assets. The plan is a defined benefit pension plan sponsored by Lufthansa German Airlines of Uniondale, New York. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $83,634 per participant, close to the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and below the $94,853 median for defined benefit plans in transportation and warehousing. 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 4 service provider organisations paid $5,000 or more, with reported compensation of $1.0M: $623 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $1.2M. 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 $156M in 2009 to $136M in 2024 (down 13%), and participants from 2,548 to 1,631 (down 36%).
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 | $83,634 | $87,935 | $94,853 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $12,821 | $10,244 |
| Schedule C compensation per participant | $623 | $325 | $425 | $344 |
| Schedule C compensation, share of net assets | 0.74% | 0.41% | 0.43% | 0.42% |
| Administrative expenses per participant | $766 | $513 | $650 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), transportation and warehousing (227) 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 | 1,631 | $136M | $83,635 | — | — | $1.0M |
| 2023 | 1,743 | $149M | $85,322 | — | — | $821K |
| 2022 | 1,792 | $147M | $81,873 | — | $6,000 | $847K |
| 2021 | 1,859 | $205M | $110,361 | — | — | $888K |
| 2020 | 1,946 | $224M | $115,138 | — | — | $916K |
| 2019 | 2,004 | $214M | $106,607 | — | — | $973K |
| 2018 | 2,068 | $191M | $92,136 | $9,000 | — | $1.1M |
| 2017 | 2,129 | $219M | $103,001 | $8.7M | — | $1.1M |
| 2016 | 2,240 | $202M | $90,188 | $8.7M | — | $981K |
| 2015 | 2,310 | $195M | $84,382 | $8.6M | $23K | $1.0M |
| 2014 | 2,530 | $216M | $85,445 | $8.8M | $30K | $1.3M |
| 2013 | 2,786 | $205M | $73,724 | $8.5M | $5,000 | $858K |
| 2012 | 2,855 | $189M | $66,115 | $8.7M | — | $760K |
| 2011 | 2,471 | $163M | $65,774 | $7.6M | $2,000 | $781K |
| 2010 | 2,495 | $159M | $63,803 | $1.9M | — | $1.1M |
| 2009 | 2,548 | $156M | $61,409 | — | $13K | $1.1M |
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$148,715,777
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$2,054,780
- Benefits paid$13,113,338
- Administrative expenses$1,249,711
- Total expenses$14,363,049
- Net income−$12,308,269
- Net transfers$0
- Net assets, end of year$136,407,508
Participants
- Active participants279
- Retired or separated, receiving benefits870
- Retired or separated, entitled to future benefits322
- Total participants, end of year1,631
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Buck Global, LLC | Actuarial; Consulting (pension) | $584,098 | $0 |
| Goldman Sachs Asset Management LP | Investment management | $338,177 | $0 |
| State Street Bank & Trust Company | Custodial (securities); Trustee (directed); Investment management | $67,723 | $0 |
| Cap Financial Partners, LLC | Investment advisory (plan) | $26,522 | $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
- Actuarial fees$584,098
- Investment advisory and management fees$417,534
- Other administrative expenses$178,564
- Trustee and custodial fees$67,723
- Legal fees$1,792
- Total administrative expenses$1,249,711
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$65.9M · 48.0%
- Corporate debt instruments$51.9M · 37.9%
- Cash (interest and non-interest bearing)$10.8M · 7.9%
- Other investments$4.1M · 3.0%
- Insurance company general account$3.4M · 2.4%
- Receivables$866K · 0.6%
- U.S. Government securities$175K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCitrin Cooperman and Company 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 related1IFrozen plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 481000: Air Transportation.
Other plans of Lufthansa German Airlines
| Plan | Participants | Net assets |
|---|---|---|
| Voluntary Investment Plan for Employees of Lufthansa | 2,618 | $354M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Paper Products, Misc. Chauffeurs, Warehousemen, Helpers, Messengers, Production & Office Workers Pension Fund | BD of Trustees of Paper Products, Misc. Chauffeurs, Warehousemen, Help | 1,693 | $133M | $78,619 |
| Local 138 Pension Trust Fund | Board of Trustees of Local 138 Pension Trust Fund | 1,574 | $111M | $70,642 |
| Teamsters Local 819 Pension Fund | Teamsters Local 819 Pension Fund | 1,836 | $50.5M | $27,500 |
| Bakery Drivers Local 802 Pension Fund | Board of Trustees Bakery Drivers Local 802 Pension Fund | 1,524 | $79.3M | $52,014 |
| Twu-Westchester Private Bus Lines Pension Trust | Twu-Westchester Private Bus Lines Pension Trust | 1,852 | $209M | $112,992 |
| Brotherhood of Locomotive Engineers and Trainmen Long Island Pension Fund | Board of Trustees | 1,163 | $88.0M | $75,700 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Lufthansa German Airlines Pension Plan for United States Employees?
1,631 participants at the end of the plan year ending 31 Dec 2024, of whom 279 were active employees, with net assets of $136,407,508. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Lufthansa German Airlines 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 $1,016,520 in compensation to service provider organisations, $623 per participant or 0.74% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,249,711. 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 Lufthansa German Airlines. Investment advisory or management: Goldman Sachs Asset Management LP, State Street Bank & Trust Company and Cap Financial Partners, LLC. Trustee or custodian: State Street Bank & Trust Company. The financial statements were audited by Citrin Cooperman and Company 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 15 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 13-1789847, plan 333, received 15 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.