New Jersey › Management of companies (holding companies) › 500 to 999 participants
Form 5500 statement · plan year 31 Dec 2024 to 31 Dec 2024
Bessemer Multiple Employer Retirement Plan
Sponsored by The Bessemer Group, Incorporated, Woodbridge, 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.
In the plan year ending 31 Dec 2024, Bessemer Multiple Employer Retirement Plan covered 783 participants and held $234M in net assets. The plan is a defined benefit pension plan sponsored by The Bessemer Group, Incorporated of Woodbridge, New Jersey. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $298,352 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and well above the $94,230 median for defined benefit plans in management of companies (holding companies). The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $0.
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 | $298,352 | $86,583 | $94,230 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $14,787 | $10,244 |
| Schedule C compensation per participant | — | $377 | $326 | $344 |
| Schedule C compensation, share of net assets | — | 0.48% | 0.39% | 0.42% |
| Administrative expenses per participant | — | $591 | $519 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), management of companies (holding companies) (97) and all US plans (5,308). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$0
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$0
- Benefits paid$0
- Administrative expenses$0
- Total expenses$0
- Net income$0
- Net transfers$233,609,446
- Net assets, end of year$233,609,446
Participants
- Active participants186
- Retired or separated, receiving benefits307
- Retired or separated, entitled to future benefits248
- Total participants, end of year783
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
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.
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$117M · 49.9%
- U.S. Government securities$75.6M · 32.4%
- Receivables$34.0M · 14.6%
- Cash (interest and non-interest bearing)$7.5M · 3.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDeloitte & Touche LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $50,000,000
- 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 related1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 551111: Offices of Bank Holding Companies.
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Siemens Pension Plan | Siemens Corporation | 17,771 | $1.42B | $79,661 |
| Retirement Plan for Bargaining Unit Employees of South Jersey Industries, Inc. | South Jersey Industries, Inc. | 450 | $124M | $276,084 |
| South Jersey Industries, Inc. Retirement Plan for Elizabethtown and Elkton Gas Employees | South Jersey Industries, Inc. | 393 | $74.6M | $189,712 |
| Retirement Plan for Employees of South Jersey Industries, Inc. | South Jersey Industries, Inc. | 388 | $90.7M | $233,688 |
Defined benefit plans in management of companies (holding companies) closest in size.
Questions and answers
How big is Bessemer Multiple Employer Retirement Plan?
783 participants at the end of the plan year ending 31 Dec 2024, of whom 186 were active employees, with net assets of $233,609,446. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does The Bessemer Group, Incorporated 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 no provider compensation for the year. Administrative expenses on Schedule H were $0. 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 The Bessemer Group, Incorporated. The financial statements were audited by Deloitte & Touche LLP. 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 31 Dec 2024 to 31 Dec 2024, received by the Department of Labor on 30 Sep 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 13-3093730, plan 001, received 30 Sep 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.