New York › Health care and social assistance › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Local 803 Pension Fund
Sponsored by Board of Trustees of Local 803 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 of Local 803 Pension Fund of New York, New York sponsors Local 803 Pension Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 795 participants (0 active) and $22.6M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $28,411 per participant, well below the $86,583 median for defined benefit plans with 500 to 999 participants and well below the $62,049 median for defined benefit plans in health care and social assistance. 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 5 service provider organisations paid $5,000 or more, with reported compensation of $163K: $205 per participant, well below the same-size median of $377. Administrative expenses charged to the plan were $383K. 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 $23.5M in 2009 to $22.6M in 2024 (down 4%), and participants from 1,020 to 795 (down 22%).
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 | $28,411 | $86,583 | $62,049 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $7,491 | $10,244 |
| Schedule C compensation per participant | $205 | $377 | $248 | $344 |
| Schedule C compensation, share of net assets | 0.72% | 0.48% | 0.39% | 0.42% |
| Administrative expenses per participant | $481 | $591 | $427 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), health care and social assistance (542) 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 | 795 | $22.6M | $28,411 | — | — | $163K |
| 2023 | 805 | $23.5M | $29,165 | — | — | $141K |
| 2022 | 819 | $22.9M | $28,009 | — | — | $157K |
| 2021 | 812 | $31.3M | $38,544 | — | — | $137K |
| 2020 | 825 | $31.1M | $37,648 | — | — | $148K |
| 2019 | 861 | $31.9M | $37,103 | — | — | $157K |
| 2018 | 883 | $27.1M | $30,665 | $92K | — | $205K |
| 2017 | 943 | $31.9M | $33,775 | $747K | — | $222K |
| 2016 | 915 | $28.7M | $31,374 | $219K | — | $379K |
| 2015 | 942 | $28.5M | $30,219 | $182K | — | $445K |
| 2014 | 949 | $31.0M | $32,640 | $9,000 | — | $444K |
| 2013 | 912 | $31.2M | $34,204 | $12K | — | $392K |
| 2012 | 991 | $25.7M | $25,894 | $12K | — | $364K |
| 2011 | 966 | $24.8M | $25,640 | $1.1M | — | $699K |
| 2010 | 962 | $27.1M | $28,165 | $1.8M | — | $702K |
| 2009 | 1,020 | $23.5M | $23,084 | $555K | — | $417K |
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$23,477,830
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$1,923,025
- Benefits paid$2,431,368
- Administrative expenses$382,670
- Total expenses$2,814,038
- Net income−$891,013
- Net transfers$0
- Net assets, end of year$22,586,817
Participants
- Active participants0
- Retired or separated, receiving benefits373
- Retired or separated, entitled to future benefits376
- Total participants, end of year795
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Segal Marco Advisors | Investment advisory (plan) | $75,050 | $0 |
| Friedman & Anspach | Legal | $36,125 | $0 |
| First Actuarial Consulting Team | Actuarial | $26,000 | $0 |
| Calibre CPA Group PLLC | Accounting (including auditing) | $20,000 | $0 |
| Amalgamated Bank | Custodial (securities) | $5,667 | $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
- Other administrative expenses$194,019
- Investment advisory and management fees$80,717
- Legal fees$36,125
- Actuarial fees$26,000
- Recordkeeping fees$25,809
- IQPA audit fees$20,000
- Total administrative expenses$382,670
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.
- 103-12 investment entities$22.3M · 98.4%
- Cash (interest and non-interest bearing)$292K · 1.3%
- Receivables$67K · 0.3%
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, $500,000
- 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 622000: Hospitals.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Pension Program for Employees of Olean General Hospital | Olean General Hospital | 809 | $20.0M | $24,675 |
| Chenango Memorial Hospital Employees' Pension Plan | Chenango Memorial Hospital | 733 | $54.6M | $74,551 |
| St. Joseph Hospital Retirement Income Plan | Catholic Health | 812 | $24.5M | $30,148 |
| Retirement Plan for Registered Practical Nurses of Samaritan Medical Centers & Samaritan Keep Nursing Home, Inc. | Samaritan Medical Center | 723 | $72.9M | $100,844 |
| Nurses Defined Benefit Retirement Plan of Nyp/lower Manhattan Hospital | The New York and Presbyterian Hospital | 839 | $60.4M | $71,955 |
| Syracuse Orthopedic Specialists, P.C. Defined Benefit Pension Plan | Syracuse Orthopedic Specialists, P.C. | 717 | $23.9M | $33,323 |
Defined benefit plans in health care and social assistance closest in size.
Questions and answers
How big is Local 803 Pension Fund?
795 participants at the end of the plan year ending 31 Dec 2024, of whom 0 were active employees, with net assets of $22,586,817. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Board of Trustees of Local 803 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 $162,842 in compensation to service provider organisations, $205 per participant or 0.72% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $382,670. 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 Local 803 Pension Fund. Investment advisory or management: Segal Marco Advisors. Trustee or custodian: Amalgamated Bank. 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 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 13-2851614, plan 001, 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.