New York › Administrative and support and waste management services › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
32BJ North Pension Fund
Sponsored by Board of Trustees 32BJ North Pension Fund, 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.
Board of Trustees 32BJ North Pension Fund of New York, New York sponsors 32BJ North Pension Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2025 shows 15,517 participants (5,737 active) and $589M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $34,175 per participant in plan year 2024, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well below the $84,727 median for defined benefit plans in administrative and support and waste management services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $26.4M for the year ($4,596 per active participant) and benefits paid were $32.5M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $3.1M: $200 per participant, below the same-size median of $232. Administrative expenses charged to the plan were $3.9M. 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 $238M in 2011 to $589M in 2025 (up 148%), and participants from 12,477 to 15,517 (up 24%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $34,175 | $87,623 | $84,727 | $86,221 |
| Employer contributions per active participant | $4,969 | $9,468 | $14,385 | $10,244 |
| Schedule C compensation per participant | $203 | $232 | $328 | $344 |
| Schedule C compensation, share of net assets | 0.59% | 0.30% | 0.55% | 0.42% |
| Administrative expenses per participant | $244 | $396 | $508 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), administrative and support and waste management services (58) 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 |
|---|---|---|---|---|---|---|
| 2025 | 15,517 | $589M | $37,937 | $26.4M | — | $3.1M |
| 2024 | 15,472 | $529M | $34,175 | $28.8M | — | $3.1M |
| 2023 | 15,235 | $495M | $32,523 | $26.7M | — | $2.8M |
| 2022 | 15,086 | $455M | $30,155 | $27.0M | — | $2.4M |
| 2021 | 14,789 | $511M | $34,531 | $24.5M | — | $2.2M |
| 2020 | 14,702 | $451M | $30,644 | $21.9M | — | $2.3M |
| 2019 | 14,666 | $407M | $27,746 | $22.9M | — | $1.7M |
| 2018 | 14,412 | $348M | $24,136 | $22.3M | — | $1.7M |
| 2017 | 15,037 | $368M | $24,459 | $20.6M | — | $2.0M |
| 2016 | 14,571 | $327M | $22,410 | $21.9M | — | $1.9M |
| 2015 | 14,343 | $302M | $21,052 | $21.0M | — | $2.0M |
| 2014 | 14,479 | $306M | $21,108 | $17.5M | — | $1.9M |
| 2013 | 13,668 | $292M | $21,353 | $16.7M | — | $1.6M |
| 2012 | 12,074 | $262M | $21,662 | $17.6M | — | $1.6M |
| 2011 | 12,477 | $238M | $19,050 | $16.0M | — | $1.5M |
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$528,755,362
- Employer contributions$26,364,440
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$26,364,440
- Total income, including investment results$96,295,102
- Benefits paid$32,514,696
- Administrative expenses$3,864,443
- Total expenses$36,379,139
- Net income$59,915,963
- Net transfers$0
- Net assets, end of year$588,671,325
Participants
- Active participants5,737
- Retired or separated, receiving benefits4,678
- Retired or separated, entitled to future benefits3,986
- Total participants, end of year15,517
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Building Service 32BJ Health Fund | Accounting (including auditing); Plan Administrator | $949,002 | $0 |
| Altrinsic Global Advisors, LLC | Investment management | $256,489 | $0 |
| Rreef America LLC | Investment management | $231,696 | $0 |
| Constitution Capital Partners | Investment management | $161,875 | $0 |
| Slevin & Hart, P.C. | Legal | $143,885 | $0 |
| Champlain Investment Partners, LLC | Investment management | $138,383 | $0 |
| The Segal Company | Actuarial; Consulting (general); Consulting (pension) | $137,107 | $0 |
| Meketa Investment Group, Inc. | Investment advisory (plan) | $127,000 | $0 |
| Dodge & Cox | Investment management | $118,418 | $0 |
| Parnassus Investments, LLC | Investment management | $100,302 | $0 |
| Global Infrastructure Partners | Investment management | $82,506 | $0 |
| Schultheis & Panettieri, LLP | Accounting (including auditing) | $73,765 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. 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
- Salaries and allowances$1,297,461
- Investment advisory and management fees$1,211,017
- Other administrative expenses$907,751
- Legal fees$143,886
- Actuarial fees$123,540
- Recordkeeping fees$73,765
- IQPA audit fees$70,000
- Trustee and custodial fees$37,023
- Total administrative expenses$3,864,443
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$231M · 39.1%
- Registered investment companies (mutual funds)$124M · 21.0%
- Partnership/joint venture interests$94.2M · 16.0%
- Real estate$48.9M · 8.3%
- Corporate stocks$39.0M · 6.6%
- U.S. Government securities$24.2M · 4.1%
- Corporate debt instruments$13.7M · 2.3%
- Cash (interest and non-interest bearing)$7.8M · 1.3%
- Receivables$6.3M · 1.1%
- Other investments$822K · 0.1%
- Buildings and other property used in plan operation$212K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWithumsmith+brown, P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561790: Other Services to Buildings & Dwellings.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Building Service 32BJ Pension Fund | Board of Trustees of the Building Service 32BJ Pension Fund | 121,234 | $4.57B | $37,717 |
| 32BJ Connecticut Pension Fund | BD of Trustees 32BJ Connecticut Pension Fund | 3,634 | $83.5M | $22,979 |
| Pension Plan Private Sanitation Union Local 813 Ibt | Board of Trustees of Pension Fund Private Sanitation Union Local 813 I | 3,308 | $279M | $84,214 |
| DTTS Pension Plan | Deloitte Touche Tohmatsu Services, LLC | 2,808 | $248M | $88,185 |
| 32BJ/BROADWAY League Pension Fund | Board of Trustees of the 32BJ/BROADWAY League Pension Fund | 2,539 | $76.2M | $30,008 |
| Sports Arena Employees Local 137 Retirement Fund | Sports Arena Employees Local 137 Retirement Fund | 1,255 | $41.8M | $33,335 |
Defined benefit plans in administrative and support and waste management services closest in size.
Questions and answers
How big is 32BJ North Pension Fund?
15,517 participants at the end of the plan year ending 31 Dec 2025, of whom 5,737 were active employees, with net assets of $588,671,325. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Board of Trustees 32BJ North Pension Fund contribute per participant?
The filing reports $26,364,440 in employer contributions for the year, which is $4,596 per active participant; the median for plans of the same type and size was $9,468 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 $3,111,063 in compensation to service provider organisations, $200 per participant or 0.53% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $3,864,443. 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 Board of Trustees 32BJ North Pension Fund. Recordkeeping or administration: Building Service 32BJ Health Fund. Investment advisory or management: Altrinsic Global Advisors, LLC, Rreef America LLC and Constitution Capital Partners. The financial statements were audited by Withumsmith+brown, P.C.. 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 2025 to 31 Dec 2025, received by the Department of Labor on 18 Aug 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 13-1819138, plan 001, received 18 Aug 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.