New York › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
I.U.O.E. Annuity Fund Local 137,137A,137B,137C, and 137R
Sponsored by Board of Trustees I.U.O.E. Annuity Local 137 137A 137B 137C 137R, Briarcliff Manor, 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 I.U.O.E. Annuity Local 137 137A 137B 137C 137R of Briarcliff Manor, New York sponsors I.U.O.E. Annuity Fund Local 137,137A,137B,137C, and 137R, a profit-sharing plan. Its Form 5500 for the plan year ending 31 Dec 2025 shows 1,575 participants (739 active) and $276M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $162,544 per participant in plan year 2024, well above the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well above the $54,962 median for defined contribution plans in construction. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $9.0M during the year, or $12,131 per active participant against a same-size median of $2,045; participants contributed —. Benefits paid out totalled $10.6M.
Schedule C lists 14 service provider organisations paid $5,000 or more, with reported compensation of $802K: $509 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $1.1M. 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 $150M in 2009 to $276M in 2025 (up 84%), and participants from 1,158 to 1,575 (up 36%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $162,544 | $50,295 | $54,962 | $53,102 |
| Employer contributions per active participant | $11,679 | $2,045 | $2,728 | $2,175 |
| Schedule C compensation per participant | $577 | $82.08 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.35% | 0.17% | 0.33% | 0.26% |
| Administrative expenses per participant | $790 | $82.20 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), construction (4,204) and all US plans (63,460). 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 | 1,575 | $276M | $174,957 | $9.0M | — | $802K |
| 2024 | 1,556 | $253M | $162,544 | $8.4M | — | $898K |
| 2023 | 1,587 | $235M | $148,071 | $9.3M | — | $890K |
| 2022 | 1,598 | $214M | $133,835 | $8.6M | — | $846K |
| 2021 | 1,606 | $256M | $159,128 | $8.7M | — | $904K |
| 2020 | 1,618 | $241M | $149,029 | $8.5M | — | $819K |
| 2019 | 1,649 | $229M | $138,651 | $9.7M | — | $734K |
| 2018 | 1,603 | $199M | $124,301 | $10.5M | — | $682K |
| 2017 | 1,455 | $205M | $140,953 | $9.3M | — | $677K |
| 2016 | 1,423 | $191M | $133,903 | $9.9M | — | $593K |
| 2015 | 1,327 | $180M | $135,869 | $8.7M | — | $588K |
| 2014 | 1,080 | $183M | $169,367 | $7.7M | — | $589K |
| 2013 | 1,042 | $174M | $167,288 | $7.4M | — | $525K |
| 2012 | 1,046 | $161M | $153,745 | $6.3M | — | $504K |
| 2011 | 1,085 | $156M | $143,847 | $7.2M | — | $548K |
| 2010 | 1,129 | $159M | $140,434 | $7.7M | — | $505K |
| 2009 | 1,158 | $150M | $129,655 | $8.0M | — | $484K |
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$252,918,115
- Employer contributions$8,964,793
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$8,964,793
- Total income, including investment results$34,321,630
- Benefits paid$10,610,881
- Administrative expenses$1,071,134
- Total expenses$11,682,015
- Net income$22,639,615
- Net transfers$0
- Net assets, end of year$275,557,730
Participants
- Active participants739
- Retired or separated, receiving benefits836
- Retired or separated, entitled to future benefits0
- Participants with account balances1,575
- Total participants, end of year1,575
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| The Bank of New York Mellon | Custodial (securities) | $172,805 | $0 |
| Stacey Braun Associates, Inc. | Investment management | $161,276 | $0 |
| Schultheis and Panettieri LLP | Accounting (including auditing) | $97,673 | $0 |
| Pinnacle Associates Ltd. | Investment management | $97,534 | $0 |
| Sage Advisory Services, Ltd. | Investment management | $64,093 | $0 |
| Insight North America LLC | Investment management | $60,999 | $0 |
| Congress Asset Management Company | Investment management | $27,851 | $0 |
| Robert M. Cheverie & Assoc. P.C. | Legal | $27,600 | $0 |
| Wells Fargo Advisors, LLC | Investment advisory (plan) | $25,000 | $0 |
| Madison Investment Advisors | Investment management | $17,079 | $4,578 |
| Lazard Asset Management | Investment management | $17,962 | $0 |
| TPA Computer Corp. | Consulting (general) | $12,000 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 2 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$471,794
- Salaries and allowances$185,023
- Trustee and custodial fees$172,805
- Other administrative expenses$102,413
- IQPA audit fees$60,863
- Recordkeeping fees$36,810
- Legal fees$31,824
- Actuarial fees$9,602
- Total administrative expenses$1,071,134
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.
- U.S. Government securities$88.1M · 31.7%
- Corporate stocks$85.4M · 30.7%
- Corporate debt instruments$57.0M · 20.5%
- Registered investment companies (mutual funds)$40.2M · 14.5%
- Cash (interest and non-interest bearing)$4.4M · 1.6%
- Receivables$2.8M · 1.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmSchultheis & Panettieri, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $4,000,000
- 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
2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 237310: Highway, Street, & Bridge.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Plumbers Local Union No. 200 Supplemental Vested Annuity Fund | Plumbers Local Union No. 200 Supplemental Vested Annuity Fund | 1,627 | $81.3M | $49,988 |
| U.A. Local 13 Annuity Fund | U.A. Local 13 Annuity Fund | 1,565 | $201M | $128,665 |
| Local Union No. 41 IBEW Annuity Fund | Trustees of Local No. 41 IBEW Annuity | 1,627 | $140M | $86,248 |
| IBEW Local No. 86 Annuity Fund | Joint Annuity Committee IBEW Local NO.86 Annuity Fund | 1,521 | $242M | $159,072 |
| I.U.O.E. Local 14-14B Annuity Fund | Board of Trustees I.U.O.E. Local 14-14B Annuity Fund | 1,632 | $855M | $523,932 |
| Buffalo Laborers Security Fund | Board of Trustees Buffalo Laborers Security Fund | 1,476 | $42.0M | $28,422 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is I.U.O.E. Annuity Fund Local 137,137A,137B,137C, and 137R?
1,575 participants at the end of the plan year ending 31 Dec 2025, of whom 739 were active employees, with net assets of $275,557,730. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does Board of Trustees I.U.O.E. Annuity Local 137 137A 137B 137C 137R contribute per participant?
The filing reports $8,964,793 in employer contributions for the year, which is $12,131 per active participant; the median for plans of the same type and size was $2,045 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 $801,821 in compensation to service provider organisations, $509 per participant or 0.29% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $1,071,134. 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 I.U.O.E. Annuity Local 137 137A 137B 137C 137R. Investment advisory or management: Stacey Braun Associates, Inc., Pinnacle Associates Ltd. and Sage Advisory Services, Ltd.. Trustee or custodian: The Bank of New York Mellon. The financial statements were audited by Schultheis & Panettieri, 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 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 27 Jul 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 13-3204596, plan 001, received 27 Jul 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.