New York › Professional, scientific and technical services › 500 to 999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
The Legal Aid Society Retirement Plan
Sponsored by The Legal Aid Society, New York, 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.
The Legal Aid Society of New York, New York sponsors The Legal Aid Society Retirement Plan, a cash balance pension plan. Its Form 5500 for the plan year ending 30 Jun 2025 shows 566 participants (63 active) and $52.5M in net assets.
Net assets came to $92,679 per participant, above the $86,583 median for defined benefit plans with 500 to 999 participants and well below the $176,808 median for defined benefit plans in professional, scientific and technical services. 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 $0 for the year ($0 per active participant) and benefits paid were $5.6M. 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 3 service provider organisations paid $5,000 or more, with reported compensation of $912K: $1,612 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $971K. 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 $50.3M in 2009 to $52.5M in 2024 (up 4%), and participants from 850 to 566 (down 33%).
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 | $92,679 | $86,583 | $176,808 | $86,221 |
| Employer contributions per active participant | $0 | $10,758 | $35,855 | $10,244 |
| Schedule C compensation per participant | $1,612 | $377 | $450 | $344 |
| Schedule C compensation, share of net assets | 1.7% | 0.48% | 0.30% | 0.42% |
| Administrative expenses per participant | $1,715 | $591 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), professional, scientific and technical services (277) 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 | 566 | $52.5M | $92,678 | $0 | — | $912K |
| 2023 | 581 | $55.3M | $95,251 | $747K | — | $923K |
| 2022 | 597 | $54.5M | $91,303 | $1.3M | — | $641K |
| 2021 | 612 | $56.1M | $91,609 | $1.9M | — | $623K |
| 2020 | 628 | $68.4M | $108,893 | $1.4M | — | $707K |
| 2019 | 651 | $59.4M | $91,207 | $3.7M | — | $382K |
| 2018 | 672 | $60.8M | $90,543 | $1.5M | — | $528K |
| 2017 | 692 | $63.4M | $91,640 | $3.5M | — | $603K |
| 2016 | 710 | $62.2M | $87,614 | $6.3M | — | $554K |
| 2015 | 737 | $56.3M | $76,349 | $6.0M | — | $361K |
| 2014 | 756 | $56.2M | $74,331 | $2.2M | — | $444K |
| 2013 | 779 | $59.3M | $76,107 | $5.9M | — | $419K |
| 2012 | 791 | $51.1M | $64,566 | $2.6M | — | $341K |
| 2011 | 807 | $49.2M | $60,958 | $250K | — | $438K |
| 2010 | 826 | $54.4M | $65,838 | — | — | $400K |
| 2009 | 850 | $50.3M | $59,140 | $1.9M | — | $337K |
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$55,340,579
- Employer contributions$0
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$3,705,905
- Benefits paid$5,619,172
- Administrative expenses$970,922
- Total expenses$6,590,094
- Net income−$2,884,189
- Net transfers$0
- Net assets, end of year$52,456,390
Participants
- Active participants63
- Retired or separated, receiving benefits351
- Retired or separated, entitled to future benefits75
- Total participants, end of year566
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Buck Global, LLC | Actuarial; Consulting (pension) | $627,483 | $0 |
| BNY Mellon | Trustee (bank, trust company, or similar financial institution); Investment advisory (plan); Investment management | $278,408 | $0 |
| Proskauer | Legal | $6,451 | $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
- Actuarial fees$627,483
- Investment advisory and management fees$278,408
- Other administrative expenses$58,580
- Legal fees$6,451
- Total administrative expenses$970,922
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$47.6M · 90.3%
- U.S. Government securities$2.0M · 3.8%
- Registered investment companies (mutual funds)$1.8M · 3.4%
- Receivables$759K · 1.4%
- Partnership/joint venture interests$573K · 1.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmRSM US LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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 related1CCash balance or similar plan1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541190: Other Legal Services.
Other plans of The Legal Aid Society
| Plan | Participants | Net assets |
|---|---|---|
| The Legal Aid Society Staff Attorneys Pension Plan | 2,147 | $284M |
| The Legal Aid Society Retirement Plan | 838 | $53.2M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Nfo Research, Inc. Pension Plan | Kantar LLC | 573 | $15.2M | $26,548 |
| Pension Plan of Debevoise & Plimpton LLP | Debevoise & Plimpton LLP | 560 | $92.4M | $164,944 |
| White & Case LLP Retirement Income Plan | White & Case LLP | 633 | $163M | $258,151 |
| Employees' Retirement Plan of Proskauer Rose LLP | Proskauer Rose LLP | 553 | $53.8M | $97,293 |
| Pension Plan of Cravath, Swaine & Moore LLP | Cravath, Swaine & Moore LLP | 645 | $152M | $235,174 |
| Chadbourne & Parke LLP Pension Plan and Trust Agreement | Norton Rose Fulbright US LLP | 495 | $17.6M | $35,588 |
Defined benefit plans in professional, scientific and technical services closest in size.
Questions and answers
How big is The Legal Aid Society Retirement Plan?
566 participants at the end of the plan year ending 30 Jun 2025, of whom 63 were active employees, with net assets of $52,456,390. 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 Legal Aid Society contribute per participant?
The filing reports $0 in employer contributions for the year, which is $0 per active participant; the median for plans of the same type and size was $10,758 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 $912,342 in compensation to service provider organisations, $1,612 per participant or 1.7% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $970,922. 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 Legal Aid Society. Investment advisory or management: BNY Mellon. Trustee or custodian: BNY Mellon. The financial statements were audited by RSM US 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 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 10 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 13-5562265, plan 001, received 10 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.