New York › Other services › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Dec 2024 to 30 Nov 2025
Local 272 Labor Management Pension Fund
Sponsored by Board of Trustees of Local 272 Labor Management Pension Fund, 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.
In the plan year ending 30 Nov 2025, Local 272 Labor Management Pension Fund covered 12,698 participants and held $545M in net assets. The plan is a defined benefit pension plan sponsored by Board of Trustees of Local 272 Labor Management Pension Fund of New York, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $42,883 per participant, well below the $87,332 median for defined benefit plans with 5,000 to 24,999 participants and well below the $109,110 median for defined benefit plans in other 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 $8.7M for the year ($1,954 per active participant) and benefits paid were $19.1M. 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 $2.3M: $184 per participant, well below the same-size median of $233. Administrative expenses charged to the plan were $3.4M. 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 $169M in 2009 to $545M in 2024 (up 223%), and participants from 12,334 to 12,698 (up 3%).
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 | $42,883 | $87,332 | $109,110 | $86,073 |
| Employer contributions per active participant | $1,954 | $9,482 | $13,086 | $10,170 |
| Schedule C compensation per participant | $184 | $233 | $486 | $344 |
| Schedule C compensation, share of net assets | 0.43% | 0.30% | 0.44% | 0.43% |
| Administrative expenses per participant | $266 | $397 | $649 | $526 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (660 plans), other services (230) and all US plans (5,366). 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 | 12,698 | $545M | $42,883 | $8.7M | — | $2.3M |
| 2023 | 12,698 | $497M | $39,154 | $8.6M | — | $2.3M |
| 2022 | 15,303 | $396M | $25,889 | $9.9M | — | $1.7M |
| 2021 | 13,458 | $374M | $27,774 | $9.5M | — | $1.9M |
| 2020 | 13,482 | $435M | $32,237 | $9.0M | — | $2.0M |
| 2019 | 14,173 | $370M | $26,093 | $9.1M | — | $1.5M |
| 2018 | 13,274 | $332M | $25,002 | $10.1M | — | $1.7M |
| 2017 | 14,286 | $304M | $21,268 | $9.8M | — | $1.1M |
| 2016 | 11,919 | $301M | $25,225 | $10.1M | — | $846K |
| 2015 | 11,919 | $258M | $21,647 | $6.7M | — | $363K |
| 2014 | 12,397 | $254M | $20,457 | $8.0M | — | $545K |
| 2013 | 11,963 | $248M | $20,733 | $11.9M | — | $386K |
| 2012 | 12,766 | $229M | $17,962 | $11.5M | — | $618K |
| 2011 | 12,520 | $192M | $15,364 | $10.4M | — | $486K |
| 2010 | 12,205 | $173M | $14,168 | — | — | $299K |
| 2009 | 12,334 | $169M | $13,679 | $8.4M | — | $230K |
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$497,178,124
- Employer contributions$8,731,411
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$8,731,411
- Total income, including investment results$69,849,451
- Benefits paid$19,125,634
- Administrative expenses$3,372,220
- Total expenses$22,497,854
- Net income$47,351,597
- Net transfers$0
- Net assets, end of year$544,529,721
Participants
- Active participants4,468
- Retired or separated, receiving benefits2,512
- Retired or separated, entitled to future benefits5,022
- Total participants, end of year12,698
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Atalanta Sosnoff Capital LLC | Investment management | $476,578 | $0 |
| Dana Investment Advisors | Investment management | $466,379 | $0 |
| Stacey Braun Associates Inc. | Investment management | $410,029 | $0 |
| Old Glory Asset Management | Investment management | $260,422 | $0 |
| Amalgamated Bank | Custodial (securities) | $114,081 | $0 |
| Pitta LLP | Legal | $113,560 | $0 |
| The Berwyn Group | Accounting (including auditing) | $84,847 | $0 |
| The Segal Company (Eastern States) | Actuarial; Consulting (general); Consulting (pension) | $82,645 | $0 |
| Jeffery S. Dubin, P.C. | Legal | $77,845 | $0 |
| Wells Fargo Advisors | Investment advisory (plan) | $65,000 | $0 |
| Joseph M. Stern and Co. | Accounting (including auditing) | $60,472 | $0 |
| Calibre CPA Group PLLC | Accounting (including auditing) | $50,500 | $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
- Investment advisory and management fees$1,678,409
- Other administrative expenses$714,770
- Legal fees$334,918
- Salaries and allowances$317,441
- Trustee and custodial fees$114,081
- Actuarial fees$82,645
- Recordkeeping fees$79,456
- IQPA audit fees$50,500
- Total administrative expenses$3,372,220
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 stocks$367M · 66.6%
- U.S. Government securities$94.8M · 17.2%
- Corporate debt instruments$46.1M · 8.4%
- Registered investment companies (mutual funds)$22.4M · 4.1%
- Cash (interest and non-interest bearing)$18.4M · 3.3%
- Receivables$2.2M · 0.4%
- Buildings and other property used in plan operation$6,450 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group, PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 812930.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Massachusetts Service Employees' Pension Fund | Trustees of Massachusetts Service Employees' Pension Fund | 22,061 | $297M | $13,457 |
| Local 153 Pension Fund | Joint Board of Trustees of Local 153 Pension Fund | 10,123 | $129M | $12,751 |
| The Cultural Institutions Pension Plan | The Cultural Institutions Retirement System | 24,316 | $1.67B | $68,559 |
| Service Employees Pension Fund of Upstate NY Upstate New York | Service Employees Pension Fund of Upstate NY | 9,408 | $230M | $24,442 |
| Laundry, Dry Cleaning Workers & Allied Industries Retirement Fund, Workers United | Trustees of the Laundry,dry Cleaning Wo Rkers and Allied Industries Re | 9,243 | $193M | $20,875 |
| National Girl Scout Council Retirement Plan | Girl Scouts of the USA | 6,669 | $430M | $64,467 |
Defined benefit plans in other services closest in size.
Questions and answers
How big is Local 272 Labor Management Pension Fund?
12,698 participants at the end of the plan year ending 30 Nov 2025, of whom 4,468 were active employees, with net assets of $544,529,721. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 660 plans in plan year 2024.
What does Board of Trustees of Local 272 Labor Management Pension Fund contribute per participant?
The filing reports $8,731,411 in employer contributions for the year, which is $1,954 per active participant; the median for plans of the same type and size was $9,482 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 $2,330,795 in compensation to service provider organisations, $184 per participant or 0.43% of net assets. The same-size median among plans reporting any Schedule C compensation was $233 per participant. Administrative expenses on Schedule H were $3,372,220. 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 of Local 272 Labor Management Pension Fund. Investment advisory or management: Atalanta Sosnoff Capital LLC, Dana Investment Advisors and Stacey Braun Associates Inc.. Trustee or custodian: Amalgamated Bank. The financial statements were audited by Calibre CPA Group, PLLC. 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 Dec 2024 to 30 Nov 2025, received by the Department of Labor on 15 Sep 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 Sep 2026. This page shows the latest filing on record for EIN 13-5673836, plan 001, received 15 Sep 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.