New York › Manufacturing › 100 to 249 participants
Form 5500 statement · plan year 1 Apr 2024 to 31 Mar 2025
Paper Handlers'-Publishers' Pension Fund
Sponsored by Board of Trustees of the Paper Handlers'-Publishers', Westbury, 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.
Paper Handlers'-Publishers' Pension Fund is a defined benefit pension plan sponsored by Board of Trustees of the Paper Handlers'-Publishers' of Westbury, New York. For the plan year ending 31 Mar 2025 it reported 196 participants, 0 of them active, and net assets of $23.3M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $118,939 per participant, well above the $80,635 median for defined benefit plans with 100 to 249 participants and well above 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.
Schedule C lists 9 service provider organisations paid $5,000 or more, with reported compensation of $452K: $2,308 per participant, well above the same-size median of $451. Administrative expenses charged to the plan were $526K. 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 $20.5M in 2009 to $23.3M in 2024 (up 14%), and participants from 324 to 196 (down 40%).
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 | $118,939 | $80,635 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $6,915 | $10,244 |
| Schedule C compensation per participant | $2,308 | $451 | $299 | $344 |
| Schedule C compensation, share of net assets | 1.9% | 0.52% | 0.47% | 0.42% |
| Administrative expenses per participant | $2,682 | $582 | $498 | $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), 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 | 196 | $23.3M | $118,939 | — | — | $452K |
| 2023 | 206 | $23.5M | $113,898 | $74K | — | $410K |
| 2022 | 223 | $3.0M | $13,552 | $132K | — | $359K |
| 2021 | 230 | $5.8M | $25,004 | $175K | — | $178K |
| 2020 | 244 | $6.4M | $26,262 | $461K | — | $198K |
| 2019 | 257 | $7.1M | $27,510 | $193K | — | $202K |
| 2018 | 270 | $8.9M | $32,937 | $200K | — | $159K |
| 2017 | 272 | $10.6M | $38,875 | $187K | — | $195K |
| 2016 | 273 | $12.0M | $44,040 | $194K | — | $252K |
| 2015 | 277 | $13.6M | $48,996 | $194K | — | $314K |
| 2014 | 289 | $16.2M | $55,917 | $210K | — | $219K |
| 2013 | 296 | $17.3M | $58,537 | $220K | — | $195K |
| 2012 | 306 | $17.8M | $58,124 | $243K | — | $246K |
| 2011 | 314 | $18.6M | $59,280 | $275K | — | $267K |
| 2010 | 321 | $20.2M | $62,810 | $281K | — | $269K |
| 2009 | 324 | $20.5M | $63,343 | $336K | — | $255K |
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$23,463,225
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions$1,348,567
- Total contributions$1,348,567
- Total income, including investment results$2,416,439
- Benefits paid$2,041,957
- Administrative expenses$525,700
- Total expenses$2,567,657
- Net income−$151,218
- Net transfers$0
- Net assets, end of year$23,312,007
Participants
- Active participants0
- Retired or separated, receiving benefits101
- Retired or separated, entitled to future benefits38
- Total participants, end of year196
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Proskauer Rose LLP | Legal | $202,879 | $0 |
| Fuiman Mogila, LLP | Legal | $62,122 | $0 |
| C & R Consulting, Inc. | Plan Administrator | $40,500 | $0 |
| First Actuarial Consulting Team Inc. | Actuarial | $39,520 | $0 |
| Quan Vest Consultants Inc. | Investment management | $30,996 | $0 |
| Insight North America LLC | Investment management | $23,879 | $0 |
| Novak Francella LLC | Accounting (including auditing) | $20,501 | $0 |
| Marshall & Moss Group | Plan Administrator | $20,250 | $0 |
| Amalgamated Bank | Investment management | $11,760 | $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
- Legal fees$265,001
- Other administrative expenses$73,293
- Contract administrator fees$60,750
- Investment advisory and management fees$54,875
- Actuarial fees$39,520
- IQPA audit fees$17,500
- Trustee and custodial fees$11,760
- Recordkeeping fees$3,001
- Total administrative expenses$525,700
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$15.8M · 67.0%
- Receivables$3.5M · 14.8%
- U.S. Government securities$2.6M · 11.2%
- Pooled separate accounts$1.1M · 4.5%
- Cash (interest and non-interest bearing)$611K · 2.6%
Audit and compliance answers, as filed
- Accountant's opinionQualified
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmNovak Francella, LLC
- 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
1ABenefits are primarily pay related1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 323100: Printing & Related Support Activities.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Pension Plan for Employees of G.A.L. Manufacturing Corporation and Hollister Whitney Elevator Corporation | G.A.L. Manufacturing Company, LLC | 196 | $11.3M | $57,401 |
| Rotork Controls, Inc. Pension Plan | Rotork Controls, Inc. | 190 | $20.4M | $107,157 |
| Beech-Nut Frozen Retirement Plan for Employees Represented by Bakery, Confectionary and Tobacco Workers Union Local 50 | Beech-Nut Nutrition Company | 211 | $6.4M | $30,462 |
| Lapp Insulators LLC Retirement Income Plan for Employees Represented by the Iue | Lapp Insulators LLC | 182 | $4.6M | $25,100 |
| The Hilliard Corporation Pension Plan for Salaried Employees | The Hilliard Corporation | 222 | $53.4M | $240,573 |
| Noranda Finance Holdings, Inc. US Employees Retirement Plan | Noranda Finance Holdings LLC | 182 | $26.6M | $146,191 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Paper Handlers'-Publishers' Pension Fund?
196 participants at the end of the plan year ending 31 Mar 2025, of whom 0 were active employees, with net assets of $23,312,007. 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 Board of Trustees of the Paper Handlers'-Publishers' 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 $452,407 in compensation to service provider organisations, $2,308 per participant or 1.9% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $525,700. 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 the Paper Handlers'-Publishers'. Recordkeeping or administration: C & R Consulting, Inc. and Marshall & Moss Group. Investment advisory or management: Quan Vest Consultants Inc., Insight North America LLC and Amalgamated Bank. The financial statements were audited by Novak Francella, LLC. 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 Apr 2024 to 31 Mar 2025, received by the Department of Labor on 14 Jan 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 13-6104795, plan 001, received 14 Jan 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.