New Jersey › Finance and insurance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
UBS Financial Services Inc. Pension Plan
Sponsored by UBS Financial Services Inc., Weehawken, NJ
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.
UBS Financial Services Inc. of Weehawken, New Jersey sponsors UBS Financial Services Inc. Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 8,083 participants (877 active) and $577M in net assets.
Net assets came to $71,365 per participant, below the $87,623 median for defined benefit plans with 5,000 to 24,999 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 15 service provider organisations paid $5,000 or more, with reported compensation of $3.1M: $388 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $4.6M. 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 $707M in 2009 to $577M in 2024 (down 18%), and participants from 16,489 to 8,083 (down 51%).
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 | $71,365 | $87,623 | $119,983 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $7,849 | $10,244 |
| Schedule C compensation per participant | $388 | $232 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.54% | 0.30% | 0.32% | 0.42% |
| Administrative expenses per participant | $568 | $396 | $433 | $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), 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 | 8,083 | $577M | $71,365 | — | — | $3.1M |
| 2023 | 8,419 | $629M | $74,689 | — | — | $3.7M |
| 2022 | 8,806 | $641M | $72,812 | — | — | $3.6M |
| 2021 | 9,267 | $879M | $94,888 | — | — | $4.2M |
| 2020 | 9,650 | $911M | $94,407 | — | — | $4.2M |
| 2019 | 10,015 | $869M | $86,817 | — | — | $4.1M |
| 2018 | 10,313 | $788M | $76,418 | — | — | $4.4M |
| 2017 | 10,690 | $886M | $82,847 | — | — | $4.3M |
| 2016 | 11,010 | $838M | $76,130 | $60.0M | — | $3.4M |
| 2015 | 11,311 | $806M | $71,217 | $183M | — | $3.5M |
| 2014 | 11,507 | $694M | $60,323 | $55.3M | — | $0 |
| 2013 | 11,665 | $675M | $57,874 | $85.8M | — | $0 |
| 2012 | 15,863 | $802M | $50,559 | $18.9M | — | $0 |
| 2011 | 16,139 | $740M | $45,828 | $5.6M | — | $0 |
| 2010 | 16,382 | $747M | $45,607 | $6.5M | — | $0 |
| 2009 | 16,489 | $707M | $42,857 | $100M | — | $0 |
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$628,810,250
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$12,956,206
- Benefits paid$60,333,153
- Administrative expenses$4,591,359
- Total expenses$64,924,512
- Net income−$51,968,306
- Net transfers$0
- Net assets, end of year$576,841,944
Participants
- Active participants877
- Retired or separated, receiving benefits3,984
- Retired or separated, entitled to future benefits2,027
- Total participants, end of year8,083
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Alight Solutions LLC | Recordkeeping and information management | $981,398 | $0 |
| Loomis Sayles and Co. L.P. | Investment management | $397,691 | $0 |
| Mercer Investment LLC | Investment advisory (plan) | $317,114 | $0 |
| Atlanta Capital Management Co., LLC | Investment management | $169,718 | $0 |
| Deloitte Consulting LLP | Actuarial | $146,700 | $0 |
| Invesco Trust Company | Investment management | $145,016 | $0 |
| Eagle Capital Management, LLC | Investment management | $144,463 | $0 |
| Voya Investment Management Co. | Investment management | $128,817 | $0 |
| Ernst & Young | Accounting (including auditing) | $113,000 | $0 |
| Legal & General Investment | Investment management | $101,442 | $0 |
| Legg Mason, Inc. and Subsidiaries | Investment management | $88,525 | $0 |
| Capital Group Private Client Serv. | Investment management | $74,364 | $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
- Investment advisory and management fees$2,313,251
- Recordkeeping fees$981,398
- Trustee and custodial fees$660,974
- Actuarial fees$317,114
- Contract administrator fees$259,700
- Legal fees$52,147
- Other administrative expenses$6,775
- Total administrative expenses$4,591,359
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$322M · 55.6%
- Common/collective trusts$175M · 30.3%
- Corporate stocks$60.6M · 10.5%
- U.S. Government securities$12.4M · 2.1%
- Receivables$4.5M · 0.8%
- Other investments$2.9M · 0.5%
- Cash (interest and non-interest bearing)$1.3M · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmErnst and Young
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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 related3FPlan sponsor(s) received services of leased employees3HPlan sponsor(s) is (are) a member(s) of a controlled group3JU.S.-based plan that covers residents of Puerto Rico and is qualified under both codes
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 523120: Securities Brokerage.
Other plans of UBS Financial Services Inc.
| Plan | Participants | Net assets |
|---|---|---|
| UBS Financial Services Inc. of Puerto Rico Savings Plus Plan Trust | 209 | $57.3M |
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| MetLife Retirement Plan | MetLife Group, Inc. | 13,404 | $7.53B | $561,939 |
| Pension Fund United Scenic Artists Local 829 | Board of Trustees of Pension Fund | 4,874 | $533M | $109,369 |
| The Prudential Merged Retirement Plan | The Prudential Insurance Company of America | 44,305 | $8.87B | $200,165 |
| PBF Energy Pension Plan | PBF Holding Company LLC | 4,492 | $427M | $94,951 |
| JPMorgan Chase Retirement Plan | JPMorgan Chase Bank, National Association | 202,919 | $14.6B | $71,770 |
| The Depository Trust & Clearing Corporation Retirement Plan | The Depository Trust & Clearing Corporation | 4,064 | $722M | $177,732 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is UBS Financial Services Inc. Pension Plan?
8,083 participants at the end of the plan year ending 31 Dec 2024, of whom 877 were active employees, with net assets of $576,841,944. 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 UBS Financial Services 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 $3,135,283 in compensation to service provider organisations, $388 per participant or 0.54% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $4,591,359. 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 UBS Financial Services Inc.. Recordkeeping or administration: Alight Solutions LLC. Investment advisory or management: Loomis Sayles and Co. L.P., Mercer Investment LLC and Atlanta Capital Management Co., LLC. The financial statements were audited by Ernst and Young. 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 2 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 13-2638166, plan 001, received 2 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.