Tennessee › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Mar 2024 to 28 Feb 2025
United Furniture Workers Pension Fund a
Sponsored by United Furniture Workers Pension Fund a, Nashville, TN
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.
United Furniture Workers Pension Fund a of Nashville, Tennessee sponsors United Furniture Workers Pension Fund a, a defined benefit pension plan. Its Form 5500 for the plan year ending 28 Feb 2025 shows 7,480 participants (703 active) and $251M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $33,608 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well below 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.
Employer contributions were $3.8M for the year ($5,464 per active participant) and benefits paid were $14.7M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 11 service provider organisations paid $5,000 or more, with reported compensation of $582K: $77.84 per participant, well below the same-size median of $232. Administrative expenses charged to the plan were $1.6M. 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 $83.8M in 2009 to $251M in 2024 (up 200%), and participants from 11,172 to 7,480 (down 33%).
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 | $33,608 | $87,623 | $67,961 | $86,221 |
| Employer contributions per active participant | $5,464 | $9,468 | $6,915 | $10,244 |
| Schedule C compensation per participant | $77.84 | $232 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.23% | 0.30% | 0.47% | 0.42% |
| Administrative expenses per participant | $212 | $396 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 | 7,480 | $251M | $33,608 | $3.8M | — | $582K |
| 2023 | 7,667 | $245M | $31,984 | $5.6M | — | $674K |
| 2022 | 5,377 | $35.3M | $6,564 | $2.9M | — | $625K |
| 2021 | 5,536 | $43.7M | $7,895 | $4.4M | — | $528K |
| 2020 | 5,642 | $51.7M | $9,166 | $3.5M | — | $521K |
| 2019 | 5,723 | $48.7M | $8,518 | $4.6M | — | $541K |
| 2018 | 5,770 | $48.4M | $8,393 | $7.1M | — | $480K |
| 2017 | 5,951 | $48.0M | $8,069 | $3.7M | — | $758K |
| 2016 | 9,657 | $51.3M | $5,316 | $4.1M | — | $1.0M |
| 2015 | 9,896 | $55.8M | $5,638 | $3.9M | — | $795K |
| 2014 | 10,063 | $69.3M | $6,890 | $4.6M | — | $824K |
| 2013 | 10,188 | $75.1M | $7,368 | $7.6M | — | $704K |
| 2012 | 10,402 | $72.8M | $6,999 | $3.5M | — | $736K |
| 2011 | 10,683 | $78.3M | $7,327 | $4.1M | — | $679K |
| 2010 | 10,847 | $86.1M | $7,936 | $4.0M | — | $605K |
| 2009 | 11,172 | $83.8M | $7,504 | $3.3M | — | $670K |
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$245,220,203
- Employer contributions$3,840,856
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$3,840,856
- Total income, including investment results$22,413,721
- Benefits paid$14,663,048
- Administrative expenses$1,582,389
- Total expenses$16,245,437
- Net income$6,168,284
- Net transfers$0
- Net assets, end of year$251,388,487
Participants
- Active participants703
- Retired or separated, receiving benefits3,847
- Retired or separated, entitled to future benefits2,214
- Total participants, end of year7,480
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Cheiron Inc. | Actuarial | $159,399 | $0 |
| Rogoff & Company P.C | Accounting (including auditing) | $142,784 | $0 |
| Gallagher Fiduciary Advisors, LLC | Investment advisory (plan) | $135,000 | $0 |
| Blackstone Alternative Asset Manage | Investment management fees paid directly by plan | $32,706 | $0 |
| JPMorgan Chase Bank, N.A | Trustee (discretionary); Investment management | $31,773 | $0 |
| State Street Global Advisors | Custodial (securities); Custodial (other than securities) | $25,742 | $0 |
| Frontage Technologies Solutions Inc. | — | $15,397 | $0 |
| Parametric Defensive Equity Fund LL | Investment management fees paid directly by plan | $13,954 | $0 |
| PKF O'Connor Davis Advisory LLC | Consulting fees | $10,085 | $0 |
| First Horizon | Other fees | $10,053 | $0 |
| Bicc Systems Inc. | Other services | $5,373 | $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$971,229
- Investment advisory and management fees$244,570
- Actuarial fees$159,399
- IQPA audit fees$142,784
- Legal fees$64,407
- Total administrative expenses$1,582,389
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$202M · 80.4%
- Registered investment companies (mutual funds)$31.7M · 12.6%
- Other investments$8.2M · 3.3%
- Receivables$3.6M · 1.4%
- Cash (interest and non-interest bearing)$3.0M · 1.2%
- Other loans$2.5M · 1.0%
- Buildings and other property used in plan operation$154K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmRogoff & Company P.C.
- 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
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 337000: Furniture & Related Product Manufacturing.
Similar plans in Tennessee
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Eastman Retirement Assistance Plan | Eastman Chemical Company | 11,225 | $1.27B | $113,234 |
| Bridgestone Americas, Inc. Salaried Employees Retirement Plan | Bridgestone Americas, Inc. | 6,050 | $1.33B | $219,525 |
| Pace Industry Union-Management Pension Fund | Pace Industry Union-Management Pension Fund | 60,684 | $2.82B | $46,464 |
| Bridgestone Americas, Inc. Non-Contributory Pension Plan | Bridgestone Americas, Inc. | 4,133 | $489M | $118,353 |
| Retirement Plan of International Paper Company | International Paper Company | 84,174 | $8.19B | $97,274 |
| Bridgestone Americas, Inc. Hourly Employees Retirement Plan | Bridgestone Americas, Inc. | 3,540 | $121M | $34,193 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is United Furniture Workers Pension Fund a?
7,480 participants at the end of the plan year ending 28 Feb 2025, of whom 703 were active employees, with net assets of $251,388,487. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does United Furniture Workers Pension Fund a contribute per participant?
The filing reports $3,840,856 in employer contributions for the year, which is $5,464 per active participant; the median for plans of the same type and size was $9,468 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 $582,266 in compensation to service provider organisations, $77.84 per participant or 0.23% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $1,582,389. 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 United Furniture Workers Pension Fund a. Investment advisory or management: Gallagher Fiduciary Advisors, LLC and JPMorgan Chase Bank, N.A. Trustee or custodian: JPMorgan Chase Bank, N.A and State Street Global Advisors. The financial statements were audited by Rogoff & Company P.C.. 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 Mar 2024 to 28 Feb 2025, received by the Department of Labor on 15 Dec 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 13-5511877, plan 001, received 15 Dec 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.