New York › Manufacturing › 500 to 999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
American Sugar Refining and Subsidiaries Pension P
Sponsored by American Sugar Refining, Inc., Yonkers, 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.
In the plan year ending 30 Jun 2025, American Sugar Refining and Subsidiaries Pension P covered 596 participants and held $54.2M in net assets. The plan is a defined benefit pension plan sponsored by American Sugar Refining, Inc. of Yonkers, New York.
Net assets came to $90,932 per participant, above the $86,583 median for defined benefit plans with 500 to 999 participants and well above the $67,961 median for defined benefit plans in manufacturing. 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 7 service provider organisations paid $5,000 or more, with reported compensation of $462K: $774 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $962K. 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 $67.3M in 2009 to $54.2M in 2024 (down 20%), and participants from 732 to 596 (down 19%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $90,932 | $86,583 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $6,915 | $10,244 |
| Schedule C compensation per participant | $774 | $377 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.85% | 0.48% | 0.47% | 0.42% |
| Administrative expenses per participant | $1,614 | $591 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), manufacturing (1,532) 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 | 596 | $54.2M | $90,933 | — | — | $462K |
| 2023 | 630 | $61.0M | $96,819 | — | — | $714K |
| 2022 | 1,723 | $202M | $117,500 | — | — | $866K |
| 2021 | 1,813 | $225M | $124,185 | — | — | $947K |
| 2020 | 1,575 | $244M | $154,909 | — | — | $0 |
| 2019 | 1,635 | $241M | $147,265 | — | — | $0 |
| 2018 | 1,701 | $240M | $141,005 | — | — | $0 |
| 2017 | 347 | $59.9M | $172,490 | $5,000 | — | $0 |
| 2016 | 491 | $66.7M | $135,851 | — | — | $0 |
| 2015 | 510 | $64.7M | $126,865 | $2.3M | — | $0 |
| 2014 | 534 | $73.3M | $137,197 | — | — | $0 |
| 2013 | 546 | $79.7M | $145,879 | — | — | $0 |
| 2012 | 560 | $75.4M | $134,729 | — | — | $0 |
| 2011 | 680 | $77.4M | $113,781 | $0 | — | $0 |
| 2010 | 704 | $84.6M | $120,136 | $11.6M | — | $0 |
| 2009 | 732 | $67.3M | $92,001 | $0 | — | $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$60,995,708
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results−$181,288
- Benefits paid$5,657,215
- Administrative expenses$961,655
- Total expenses$6,618,870
- Net income−$6,800,158
- Net transfers$0
- Net assets, end of year$54,195,550
Participants
- Active participants345
- Retired or separated, receiving benefits31
- Retired or separated, entitled to future benefits189
- Total participants, end of year596
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Nepc, LLC | Investment advisory (plan) | $187,683 | $0 |
| USI Consulting Group | Contract Administrator | $184,713 | $0 |
| Weaver & Tidwell, LLP | Accounting (including auditing) | $48,300 | $0 |
| Global Trust Company | Investment management fees paid directly by plan | $19,772 | $0 |
| US Bank National Association | Trustee (directed) | $13,186 | $0 |
| State Street Global Advisors Trust | Investment management | $6,261 | $0 |
| Wellington Management Company LLP | Investment management fees paid directly by plan | $1,650 | $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$495,810
- Investment advisory and management fees$215,366
- Contract administrator fees$129,885
- Actuarial fees$59,108
- IQPA audit fees$48,300
- Trustee and custodial fees$13,186
- Total administrative expenses$961,655
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$38.3M · 70.6%
- Partnership/joint venture interests$15.7M · 28.9%
- Cash (interest and non-interest bearing)$302K · 0.6%
- Receivables$298 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmWeaver and Tidwell, L.L.P.
- 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)1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 311300: Sugar & Confectionary Product Mfg.
Other plans of American Sugar Refining, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| American Sugar Refining & Subsidiaries Hourly Savings and Investment Plan | 2,038 | $77.6M |
| American Sugar Salary Savings and Investment Plan | 1,733 | $213M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Material Yard Workers Local No. 1175 Pension Fund | Board of Trustees of Material Yard Workers Local No. 1175 Pension Plan | 624 | $40.4M | $64,668 |
| Arvos Ljungstrom LLC Pension Plan for Hourly Employees | Arvos Ljungstrom LLC | 587 | $20.3M | $34,549 |
| The Pension Plan for Hourly Paid Employees of Diageo North America, Inc. at Its Plant at Plainfield, Il | Diageo North America, Inc. | 648 | $56.4M | $87,000 |
| Cutco Corporation Hourly Employees Pension Plan | Cutco Corporation | 557 | $38.5M | $69,187 |
| Local 413 Pension Trust Fund | Board of Trustees Local 413 Pension Trust Fund | 759 | −$14.8M | — |
| Ampacet Corporation Employees' Retirement Plan | Ampacet Corporation | 536 | $160M | $298,236 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is American Sugar Refining and Subsidiaries Pension P?
596 participants at the end of the plan year ending 30 Jun 2025, of whom 345 were active employees, with net assets of $54,195,550. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does American Sugar Refining, 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 $461,565 in compensation to service provider organisations, $774 per participant or 0.85% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $961,655. 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 American Sugar Refining, Inc.. Recordkeeping or administration: USI Consulting Group. Investment advisory or management: Nepc, LLC and State Street Global Advisors Trust. Trustee or custodian: US Bank National Association. The financial statements were audited by Weaver and Tidwell, L.L.P.. 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 14 Apr 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 13-3366163, plan 021, received 14 Apr 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.