New York › Finance and insurance › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Motion Picture Lab Tech Local 702 Pension Fund
Sponsored by Motion Picture Lab Tech Local 702 Pension Fund, Garden City, 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, Motion Picture Lab Tech Local 702 Pension Fund covered 143 participants and held $194K in net assets. The plan is a defined benefit pension plan sponsored by Motion Picture Lab Tech Local 702 Pension Fund of Garden City, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $1,359 per participant, well below the $80,635 median for defined benefit plans with 100 to 249 participants and well below the $119,983 median for defined benefit plans in finance and insurance. 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 2 service provider organisations paid $5,000 or more, with reported compensation of $53K: $369 per participant, below the same-size median of $451. Administrative expenses charged to the plan were $82K. 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 $307K in 2009 to $194K in 2024 (down 37%), and participants from 450 to 143 (down 68%).
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 | $1,359 | $80,635 | $119,983 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $7,849 | $10,244 |
| Schedule C compensation per participant | $369 | $451 | $352 | $344 |
| Schedule C compensation, share of net assets | 27.2% | 0.52% | 0.32% | 0.42% |
| Administrative expenses per participant | $573 | $582 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 plans), finance and insurance (690) 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 | 143 | $194K | $1,357 | — | — | $53K |
| 2023 | 163 | $189K | $1,160 | — | — | $53K |
| 2022 | 172 | $213K | $1,238 | — | — | $53K |
| 2021 | 195 | $215K | $1,103 | — | — | $42K |
| 2020 | 218 | $240K | $1,101 | — | — | $42K |
| 2019 | 223 | $258K | $1,157 | — | $1,000 | $57K |
| 2018 | 239 | $248K | $1,038 | — | $3,000 | $42K |
| 2017 | 283 | $265K | $936 | — | $4,000 | $53K |
| 2016 | 291 | $294K | $1,010 | — | — | $55K |
| 2015 | 310 | $323K | $1,042 | — | — | $53K |
| 2014 | 349 | $372K | $1,066 | — | — | $55K |
| 2013 | 360 | $442K | $1,228 | $0 | $0 | $65K |
| 2012 | 406 | $278K | $685 | — | — | $65K |
| 2011 | 413 | $284K | $688 | — | — | $64K |
| 2010 | 446 | $285K | $639 | — | — | $66K |
| 2009 | 450 | $307K | $682 | — | — | $66K |
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$188,849
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions$305,100
- Total contributions$305,100
- Total income, including investment results$305,100
- Benefits paid$217,707
- Administrative expenses$81,932
- Total expenses$299,639
- Net income$5,461
- Net transfers$0
- Net assets, end of year$194,310
Participants
- Active participants—
- Retired or separated, receiving benefits143
- Retired or separated, entitled to future benefits—
- Total participants, end of year143
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Dickinson Group Inc. | Plan Administrator | $42,000 | $0 |
| Gould, Kobrick & Schlapp, P.C. | Accounting (including auditing) | $7,350 | $3,450 |
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$42,000
- Other administrative expenses$14,319
- Other trustee fees and expenses$12,000
- IQPA audit fees$10,800
- Legal fees$2,813
- Total administrative expenses$81,932
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.
- Cash (interest and non-interest bearing)$185K · 94.9%
- Receivables$10K · 5.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmGould, Kobrick & Schlapp, PC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $250,000
- 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)1HPlan covered by PBGC that was terminated and closed out for PBGC purposes1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Jeff Bank Pension Plan | Jeff Bank | 143 | $24.4M | $170,457 |
| Orange Bank & Trust Company Pension Plan As a Member of the New York State Bankers Retirement System | Orange Bank and Trust Company | 142 | $34.3M | $241,446 |
| Emblemhealth Services Company, LLC Cash Balance Plan and Trust for Collectively Bargained Employees | BRD of Trustees, Emblemhealth SRVC Co. Cash Bal. PLN for Coll Bar | 144 | $818K | $5,680 |
| Teg Federal Credit Union Retirement Pension Plan | Teg Federal Credit Union | 137 | $17.3M | $126,423 |
| Champlain National Bank Pension Plan As a Member of the New York State Bankers Retirement System | Champlain National Bank | 149 | $26.6M | $178,320 |
| Cash Balance Retirement Plan for Employees of Credit Industriel Et Commercial | Credit Industriel Et Commercial | 136 | $42.8M | $314,683 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Motion Picture Lab Tech Local 702 Pension Fund?
143 participants at the end of the plan year ending 31 Dec 2024, with net assets of $194,310. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does Motion Picture Lab Tech Local 702 Pension Fund 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 $52,800 in compensation to service provider organisations, $369 per participant or 27.2% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $81,932. 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 Motion Picture Lab Tech Local 702 Pension Fund. Recordkeeping or administration: Dickinson Group Inc.. The financial statements were audited by Gould, Kobrick & Schlapp, PC. 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 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 13-1815996, plan 001, 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.