New York › Administrative and support and waste management services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Pension Plan Private Sanitation Union Local 813 Ibt
Sponsored by Board of Trustees of Pension Fund Private Sanitation Union Local 813 I, Long Island 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.
Board of Trustees of Pension Fund Private Sanitation Union Local 813 I of Long Island City, New York sponsors Pension Plan Private Sanitation Union Local 813 Ibt, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 3,308 participants (490 active) and $279M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $84,214 per participant, close to the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and close to 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 $7.3M for the year ($14,850 per active participant) and benefits paid were $17.8M. 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 10 service provider organisations paid $5,000 or more, with reported compensation of $1.0M: $316 per participant, close to the same-size median of $325. Administrative expenses charged to the plan were $1.8M. 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 $142M in 2009 to $279M in 2024 (up 97%), and participants from 3,864 to 3,308 (down 14%).
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 | $84,214 | $87,935 | $84,727 | $86,221 |
| Employer contributions per active participant | $14,850 | $10,593 | $14,385 | $10,244 |
| Schedule C compensation per participant | $316 | $325 | $328 | $344 |
| Schedule C compensation, share of net assets | 0.38% | 0.41% | 0.55% | 0.42% |
| Administrative expenses per participant | $550 | $513 | $508 | $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), 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 |
|---|---|---|---|---|---|---|
| 2024 | 3,308 | $279M | $84,214 | $7.3M | — | $1.0M |
| 2023 | 3,333 | $169M | $50,558 | $8.6M | — | $960K |
| 2022 | 3,349 | $164M | $48,955 | $7.0M | — | $683K |
| 2021 | 3,637 | $203M | $55,710 | $6.5M | — | $700K |
| 2020 | 3,480 | $179M | $51,495 | $10.1M | — | $852K |
| 2019 | 3,613 | $172M | $47,622 | $7.2M | — | $1.3M |
| 2018 | 3,503 | $161M | $45,837 | $9.8M | — | $1.6M |
| 2017 | 3,529 | $179M | $50,682 | $8.5M | — | $1.6M |
| 2016 | 3,582 | $169M | $47,164 | $13.1M | — | $1.4M |
| 2015 | 3,633 | $158M | $43,438 | $8.3M | — | $1.2M |
| 2014 | 3,647 | $168M | $46,042 | $8.5M | — | $1.8M |
| 2013 | 3,611 | $165M | $45,561 | $9.4M | — | $1.5M |
| 2012 | 3,466 | $148M | $42,701 | $5.0M | — | $1.2M |
| 2011 | 3,847 | $144M | $37,512 | $7.0M | — | $1.1M |
| 2010 | 3,863 | $148M | $38,415 | $5.2M | — | $1.1M |
| 2009 | 3,864 | $142M | $36,657 | $4.5M | — | $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$168,509,320
- Employer contributions$7,276,328
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$7,276,328
- Total income, including investment results$129,639,568
- Benefits paid$17,751,279
- Administrative expenses$1,818,496
- Total expenses$19,569,775
- Net income$110,069,793
- Net transfers$0
- Net assets, end of year$278,579,113
Participants
- Active participants490
- Retired or separated, receiving benefits1,280
- Retired or separated, entitled to future benefits1,190
- Total participants, end of year3,308
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Proskauer Rose LLP | Legal | $697,922 | $0 |
| O'Sullivan Associates | Actuarial | $62,163 | $0 |
| Quan-Vest Consultants, Inc. | Investment advisory (plan) | $51,181 | $0 |
| The Bank of New York Mellon | Float revenue; Other investment fees and expenses; Other fees; Direct payment from the plan | $50,235 | $0 |
| Calibre CPA Group PLLC | Accounting (including auditing) | $47,872 | $0 |
| Tocqueville Asset Management | Investment management | $39,292 | $0 |
| LSV Asset Management | Investment management | $37,967 | $0 |
| HSSH Consulting, Inc. | Consulting (general) | $27,072 | $0 |
| Allspring Global Investments | Investment management | $25,267 | $0 |
| Segal Select Insurance Services Inc. | Insurance brokerage commissions and fees | $0 | $7,974 |
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
- Other administrative expenses$450,776
- Salaries and allowances$437,035
- Legal fees$413,235
- Investment advisory and management fees$313,212
- Other trustee fees and expenses$82,139
- Actuarial fees$58,850
- IQPA audit fees$47,872
- Trustee and custodial fees$15,377
- Total administrative expenses$1,818,496
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$97.7M · 35.0%
- U.S. Government securities$94.7M · 34.0%
- Real estate$36.9M · 13.2%
- Cash (interest and non-interest bearing)$17.0M · 6.1%
- Partnership/joint venture interests$13.2M · 4.7%
- Corporate stocks$10.1M · 3.6%
- Other investments$5.1M · 1.8%
- Corporate debt instruments$1.8M · 0.7%
- Receivables$1.6M · 0.6%
- Registered investment companies (mutual funds)$350K · 0.1%
- Buildings and other property used in plan operation$111K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group, PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- 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 562000: Waste Management and Remediation Services.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| 32BJ Connecticut Pension Fund | BD of Trustees 32BJ Connecticut Pension Fund | 3,634 | $83.5M | $22,979 |
| DTTS Pension Plan | Deloitte Touche Tohmatsu Services, LLC | 2,808 | $248M | $88,185 |
| 32BJ North Pension Fund | Board of Trustees 32BJ North Pension Fund | 15,517 | $589M | $37,937 |
| 32BJ/BROADWAY League Pension Fund | Board of Trustees of the 32BJ/BROADWAY League Pension Fund | 2,539 | $76.2M | $30,008 |
| Building Service 32BJ Pension Fund | Board of Trustees of the Building Service 32BJ Pension Fund | 121,234 | $4.57B | $37,717 |
| 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 Pension Plan Private Sanitation Union Local 813 Ibt?
3,308 participants at the end of the plan year ending 31 Dec 2024, of whom 490 were active employees, with net assets of $278,579,113. 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 Board of Trustees of Pension Fund Private Sanitation Union Local 813 I contribute per participant?
The filing reports $7,276,328 in employer contributions for the year, which is $14,850 per active participant; the median for plans of the same type and size was $10,593 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 $1,046,945 in compensation to service provider organisations, $316 per participant or 0.38% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,818,496. 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 of Pension Fund Private Sanitation Union Local 813 I. Investment advisory or management: Quan-Vest Consultants, Inc., Tocqueville Asset Management and LSV Asset Management. The financial statements were audited by Calibre CPA Group, PLLC. 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 13 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 13-1975659, plan 001, received 13 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.