New Jersey › Finance and insurance › 100 to 249 participants
Form 5500 statement · plan year 1 Sep 2024 to 31 Aug 2025
Retirement Fund of Local 1482 Paint and Allied Products Manufacturers
Sponsored by Retirement Fund of Local 1482 Paint and Allied Products Manufacturers, West Trenton, NJ
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.
Retirement Fund of Local 1482 Paint and Allied Products Manufacturers of West Trenton, New Jersey sponsors Retirement Fund of Local 1482 Paint and Allied Products Manufacturers, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Aug 2025 shows 129 participants (0 active) and $12.1M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $93,577 per participant, above the $80,635 median for defined benefit plans with 100 to 249 participants and well below 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.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $100K: $773 per participant, well above the same-size median of $451. Administrative expenses charged to the plan were $162K. 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 $599K in 2017 to $12.1M in 2024 (up 1915%), and participants from 162 to 129 (down 20%).
The independent accountant's opinion on the financial statements was qualified.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $93,577 | $80,635 | $119,983 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $7,849 | $10,244 |
| Schedule C compensation per participant | $773 | $451 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.83% | 0.52% | 0.32% | 0.42% |
| Administrative expenses per participant | $1,259 | $582 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 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 | 129 | $12.1M | $93,574 | — | — | $100K |
| 2023 | 130 | $12.1M | $93,338 | — | — | $114K |
| 2022 | 144 | $12.3M | $85,361 | — | — | $104K |
| 2021 | 149 | $12.7M | $85,497 | — | — | $195K |
| 2020 | 151 | −$603K | −$3,993 | $3,000 | — | $120K |
| 2019 | 152 | $67K | $441 | $1,000 | — | $343K |
| 2018 | 156 | $256K | $1,641 | $50K | — | $248K |
| 2017 | 162 | $599K | $3,698 | $35K | — | $92K |
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$12,134,043
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$619,322
- Benefits paid$519,510
- Administrative expenses$162,419
- Total expenses$681,929
- Net income−$62,607
- Net transfers$0
- Net assets, end of year$12,071,436
Participants
- Active participants0
- Retired or separated, receiving benefits37
- Retired or separated, entitled to future benefits76
- Total participants, end of year129
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| I.E. Shaffer & Co. | Contract Administrator | $41,350 | $0 |
| First Actuarial Consulting, Inc. | Actuarial | $29,160 | $0 |
| Schultheis & Panettieri, LLP | Accounting (including auditing) | $20,000 | $0 |
| Cohen, Weiss and Simon, LLP | Legal | $9,188 | $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
- Contract administrator fees$41,350
- Actuarial fees$29,160
- Other trustee fees and expenses$25,695
- IQPA audit fees$20,000
- Investment advisory and management fees$18,990
- Other administrative expenses$18,036
- Legal fees$9,188
- Total administrative expenses$162,419
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$5.3M · 43.4%
- U.S. Government securities$4.1M · 33.6%
- Corporate stocks$2.3M · 19.1%
- Cash (interest and non-interest bearing)$216K · 1.8%
- Receivables$212K · 1.8%
- Other investments$36K · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionQualified
- 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, $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 related1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Union Center National Bank Pension Trust | Connectone Bank | 163 | $15.7M | $96,199 |
| Franklin Mutual Pension Plan | Franklin Mutual Insurance Company | 226 | $33.4M | $147,963 |
| Employees' Retirement Income Plan of Bank Leumi USA | Valley National Bank | 266 | $77.0M | $289,528 |
| Spencer Savings Bank, Sla Employees' Pension Plan | Spencer Savings Bank, Sla | 327 | $60.4M | $184,680 |
| Provident Bank Pension Plan | Provident Bank | 371 | $55.9M | $150,594 |
| Delta Dental of New Jersey, Inc. Pension Plan | Delta Dental of New Jersey, Inc. | 536 | $124M | $230,911 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Retirement Fund of Local 1482 Paint and Allied Products Manufacturers?
129 participants at the end of the plan year ending 31 Aug 2025, of whom 0 were active employees, with net assets of $12,071,436. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does Retirement Fund of Local 1482 Paint and Allied Products Manufacturers 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 $99,698 in compensation to service provider organisations, $773 per participant or 0.83% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $162,419. 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 Retirement Fund of Local 1482 Paint and Allied Products Manufacturers. Recordkeeping or administration: I.E. Shaffer & Co.. 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 qualified opinion. The accountant's report attached to the filing at EFAST2 explains the basis for the 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 18 Mar 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 13-5664312, plan 001, received 18 Mar 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.