Pennsylvania › Finance and insurance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Sep 2024 to 31 Aug 2025
The Agma Retirement Plan
Sponsored by Board of Trustees Agma Retirement Plan, Pittsburgh, PA
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.
The Agma Retirement Plan is a profit-sharing plan sponsored by Board of Trustees Agma Retirement Plan of Pittsburgh, Pennsylvania. For the plan year ending 31 Aug 2025 it reported 8,993 participants, 8,793 of them active, and net assets of $117M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $12,983 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well below the $92,294 median for defined contribution 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.
The employer contributed $5.1M during the year, or $584 per active participant against a same-size median of $2,424; participants contributed —. Benefits paid out totalled $5.4M.
Schedule C lists 8 service provider organisations paid $5,000 or more, with reported compensation of $558K: $62.03 per participant, above the same-size median of $53.38. Administrative expenses charged to the plan were $840K. 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 $28.8M in 2009 to $117M in 2024 (up 305%), and participants from 4,480 to 8,993 (up 101%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $12,983 | $64,499 | $92,294 | $53,102 |
| Employer contributions per active participant | $584 | $2,424 | $3,564 | $2,175 |
| Schedule C compensation per participant | $62.03 | $53.38 | $137 | $123 |
| Schedule C compensation, share of net assets | 0.48% | 0.09% | 0.17% | 0.26% |
| Administrative expenses per participant | $93.44 | $54.85 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), finance and insurance (4,391) 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 |
|---|---|---|---|---|---|---|
| 2024 | 8,993 | $117M | $12,983 | $5.1M | — | $558K |
| 2023 | 8,666 | $105M | $12,141 | $5.1M | — | $571K |
| 2022 | 8,173 | $88.2M | $10,794 | $4.7M | — | $238K |
| 2021 | 15,628 | $78.8M | $5,039 | $3.7M | — | $324K |
| 2020 | 7,796 | $94.2M | $12,089 | $1.8M | — | $509K |
| 2019 | 7,911 | $88.1M | $11,136 | $3.7M | — | $359K |
| 2018 | 7,740 | $80.3M | $10,371 | $4.7M | — | $345K |
| 2017 | 7,390 | $75.7M | $10,237 | $4.6M | — | $344K |
| 2016 | 7,083 | $68.0M | $9,594 | $4.7M | — | $205K |
| 2015 | 6,175 | $59.4M | $9,626 | $4.5M | — | $177K |
| 2014 | 5,561 | $53.6M | $9,647 | $4.2M | — | $148K |
| 2013 | 4,745 | $50.9M | $10,729 | $2.9M | — | $139K |
| 2012 | 4,454 | $42.8M | $9,601 | $2.8M | — | $138K |
| 2011 | 4,328 | $38.0M | $8,777 | $2.8M | — | $145K |
| 2010 | 4,624 | $33.3M | $7,210 | $2.7M | — | $125K |
| 2009 | 4,480 | $28.8M | $6,438 | $2.5M | — | $155K |
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$105,215,090
- Employer contributions$5,132,682
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$5,132,682
- Total income, including investment results$17,795,956
- Benefits paid$5,411,111
- Administrative expenses$840,346
- Total expenses$6,251,457
- Net income$11,544,499
- Net transfers$0
- Net assets, end of year$116,759,589
Participants
- Active participants8,793
- Retired or separated, receiving benefits44
- Retired or separated, entitled to future benefits106
- Participants with account balances8,854
- Total participants, end of year8,993
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Empower Annuity Insurance Company | Investment management fees paid indirectly by plan; Sub-transfer agency fees; Float revenue; Distribution (12b-1) fees; Recordkeeping fees; 'Soft dollars' commissions; Other investment fees and expenses | $256,883 | $0 |
| Central Data Services | Accounting (including auditing); Plan Administrator; Recordkeeping and information management; Custodial (other than securities); Copying and duplicating; Participant communication | $140,324 | $0 |
| Spivak Lipton, LLP | Legal | $64,661 | $0 |
| Schultheis & Panettieri, LLP | Accounting (including auditing) | $43,000 | $0 |
| Gallagher Fiduciary Advisors | Actuarial; Investment advisory (plan) | $25,000 | $0 |
| Locktight Solutions | Consulting (general) | $15,098 | $0 |
| Bridgeway Benefit Technologies | Recordkeeping and information management | $7,358 | $0 |
| Milliman, Inc. | Actuarial | $5,500 | $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
- Recordkeeping fees$261,526
- Salaries and allowances$178,429
- Contract administrator fees$140,324
- Other administrative expenses$118,189
- Legal fees$64,661
- IQPA audit fees$43,000
- Investment advisory and management fees$25,000
- Actuarial fees$5,500
- Trustee and custodial fees$3,717
- Total administrative expenses$840,346
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.
- Registered investment companies (mutual funds)$115M · 98.1%
- Other investments$1.1M · 1.0%
- Cash (interest and non-interest bearing)$692K · 0.6%
- Receivables$373K · 0.3%
- Buildings and other property used in plan operation$16K · 0.0%
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, $2,000,000
- 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 plan2FERISA section 404(c) plan2GTotal participant-directed account plan2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Employee Stock Ownership Plan of the Bank of New York Company, Inc. | The Bank of New York Mellon Corporation | 10,828 | $244M | $22,539 |
| Erie Insurance Group Employee Savings Plan | Erie Indemnity Company | 7,861 | $1.35B | $172,038 |
| Amerihealth Caritas 401(k) Plan | Amerihealth Caritas Services, LLC | 11,296 | $948M | $83,883 |
| F.N.B. Corporation Progress Savings 401(k) Plan | F.N.B. Corporation | 6,574 | $603M | $91,749 |
| Santander 401(k) Plan | Santander Holdings USA, Inc. | 19,451 | $1.30B | $66,844 |
| Ascensus, LLC 401(k) Savings Plan | Ascensus, LLC. | 6,097 | $622M | $101,979 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is The Agma Retirement Plan?
8,993 participants at the end of the plan year ending 31 Aug 2025, of whom 8,793 were active employees, with net assets of $116,759,589. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Board of Trustees Agma Retirement Plan contribute per participant?
The filing reports $5,132,682 in employer contributions for the year, which is $584 per active participant; the median for plans of the same type and size was $2,424 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 $557,824 in compensation to service provider organisations, $62.03 per participant or 0.48% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $840,346. 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 Agma Retirement Plan. Recordkeeping or administration: Empower Annuity Insurance Company, Central Data Services and Bridgeway Benefit Technologies. Investment advisory or management: Gallagher Fiduciary Advisors. Trustee or custodian: Central Data Services. 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 Sep 2024 to 31 Aug 2025, received by the Department of Labor on 15 Jun 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 13-3826401, plan 001, received 15 Jun 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.