New York › Finance and insurance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Pentegra Defined Benefit Plan for Financial Inst
Sponsored by Board of Directors of Pentegra Defined Benefit Plan, White Plains, 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.
Pentegra Defined Benefit Plan for Financial Inst is a defined benefit pension plan sponsored by Board of Directors of Pentegra Defined Benefit Plan of White Plains, New York. For the plan year ending 30 Jun 2025 it reported 15,292 participants, 4,705 of them active, and net assets of $3.01B. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $196,895 per participant, well above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $119,983 median for defined benefit 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.
Employer contributions were $65.1M for the year ($13,829 per active participant) and benefits paid were $184M. 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 15 service provider organisations paid $5,000 or more, with reported compensation of $33.1M: $2,162 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $122M. 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 $2.33B in 2009 to $3.01B in 2024 (up 29%), and participants from 41,378 to 15,292 (down 63%).
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 | $196,895 | $87,623 | $119,983 | $86,221 |
| Employer contributions per active participant | $13,829 | $9,468 | $7,849 | $10,244 |
| Schedule C compensation per participant | $2,162 | $232 | $352 | $344 |
| Schedule C compensation, share of net assets | 1.1% | 0.30% | 0.32% | 0.42% |
| Administrative expenses per participant | $7,999 | $396 | $433 | $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), finance and insurance (690) 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 | 15,292 | $3.01B | $196,895 | $65.1M | $176K | $33.1M |
| 2023 | 18,199 | $3.17B | $174,440 | $66.9M | — | $25.3M |
| 2022 | 21,167 | $3.61B | $170,724 | $147M | — | $32.6M |
| 2021 | 26,556 | $4.14B | $155,996 | $139M | — | $40.1M |
| 2020 | 28,805 | $4.70B | $163,210 | $245M | — | $24.2M |
| 2019 | 30,236 | $3.97B | $131,221 | $250M | $194K | $22.6M |
| 2018 | 31,556 | $3.86B | $122,421 | $134M | $216K | $23.1M |
| 2017 | 33,651 | $3.83B | $113,701 | $161M | $237K | $21.8M |
| 2016 | 35,445 | $3.67B | $103,567 | $366M | $234K | $20.3M |
| 2015 | 36,592 | $3.31B | $90,471 | $150M | — | $19.5M |
| 2014 | 36,898 | $3.28B | $88,937 | $151M | $244K | $19.6M |
| 2013 | 37,595 | $3.25B | $86,474 | $180M | $259K | $19.8M |
| 2012 | 38,637 | $2.93B | $75,761 | $128M | $263K | $18.4M |
| 2011 | 39,602 | $2.84B | $71,791 | $189M | $350K | $17.1M |
| 2010 | 40,823 | $2.67B | $65,290 | $292M | $397K | $16.1M |
| 2009 | 41,378 | $2.33B | $56,291 | $198M | $355K | $13.6M |
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$3,174,625,363
- Employer contributions$65,064,697
- Participant contributions$176,297
- Rollovers and other contributions—
- Total contributions$65,240,994
- Total income, including investment results$360,422,076
- Benefits paid$184,493,334
- Administrative expenses$122,320,888
- Total expenses$306,814,222
- Net income$53,607,854
- Net transfers−$217,315,943
- Net assets, end of year$3,010,917,274
Participants
- Active participants4,705
- Retired or separated, receiving benefits4,497
- Retired or separated, entitled to future benefits5,706
- Total participants, end of year15,292
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Pentegra Services, Inc. | Contract Administrator | $15,688,405 | $0 |
| Prime Storage Fund II LP | Investment management | $5,273,617 | $0 |
| PWP Growth Equity Fund II LP | Investment management | $2,816,056 | $0 |
| JP Morgan Investment Management,inc | Investment management | $1,085,486 | $0 |
| Trinity Hunt Partners V LP | Investment management | $997,229 | $0 |
| Monarch Cap Partners III LP | Investment management | $922,479 | $0 |
| RCP Direct II Feeder Ltd. | Investment management | $583,262 | $0 |
| Oak Hill Capital Partners IV LP | Investment management | $544,735 | $0 |
| DC Capital Partners Fund Ii(cayman) | Investment management | $451,039 | $0 |
| Trinity Hunt Partners VI LP | Investment management | $398,176 | $0 |
| RCP Fund Viii Feeder Ltd. | Investment management | $348,532 | $0 |
| Carlyle Realty Partners Viii LP | Investment management | $319,117 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 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
- Other administrative expenses$74,793,425
- Investment advisory and management fees$30,362,325
- Contract administrator fees$15,688,405
- Valuation and appraisal fees$796,202
- Salaries and allowances$299,983
- Trustee and custodial fees$297,200
- IQPA audit fees$63,101
- Legal fees$20,247
- Total administrative expenses$122,320,888
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.
- Partnership/joint venture interests$1.16B · 38.1%
- Corporate debt instruments$583M · 19.1%
- Common/collective trusts$485M · 15.9%
- Real estate$327M · 10.7%
- U.S. Government securities$179M · 5.9%
- Registered investment companies (mutual funds)$146M · 4.8%
- Other investments$80.5M · 2.6%
- Receivables$56.5M · 1.9%
- Cash (interest and non-interest bearing)$21.7M · 0.7%
- Buildings and other property used in plan operation$8.3M · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCliftonLarsonAllen LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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 related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Other plans of Board of Directors of Pentegra Defined Benefit Plan
| Plan | Participants | Net assets |
|---|---|---|
| MSTC Easy(k) PEP | 1,574 | $19.3M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| American Express Retirement Plan | American Express Company and Its Participating Subsidiaries | 16,121 | $1.01B | $62,481 |
| 32BJ School Workers Pension Fund | Board of Trustees of the 32BJ School Workers Pension Fund | 15,019 | $598M | $39,849 |
| The Retirement Plan of the Amalgamated Insurance Fund | Board of Trustees - the Retirement Plan of the Amalgamated Ins. Fund | 18,793 | −$852M | — |
| Equitable Retirement Plan | Equitable Financial Life Insurance Company | 14,409 | $1.72B | $119,411 |
| New York Life Insurance Company Pension Plan | New York Life Insurance Company | 22,822 | $3.95B | $173,153 |
| YWCA Retirement Fund, Inc. | YWCA Retirement Fund, Inc. | 11,316 | $400M | $35,367 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Pentegra Defined Benefit Plan for Financial Inst?
15,292 participants at the end of the plan year ending 30 Jun 2025, of whom 4,705 were active employees, with net assets of $3,010,917,274. 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 Board of Directors of Pentegra Defined Benefit Plan contribute per participant?
The filing reports $65,064,697 in employer contributions for the year, which is $13,829 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 $33,061,817 in compensation to service provider organisations, $2,162 per participant or 1.1% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $122,320,888. 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 Directors of Pentegra Defined Benefit Plan. Recordkeeping or administration: Pentegra Services, Inc.. Investment advisory or management: Prime Storage Fund II LP, PWP Growth Equity Fund II LP and JP Morgan Investment Management,inc. The financial statements were audited by CliftonLarsonAllen 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 13 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 13-5645888, plan 333, received 13 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.