New York › Information › 500 to 999 participants
Form 5500 statement · plan year 1 Apr 2024 to 31 Mar 2025
Pressmens Publishers Pension Fund
Sponsored by Pressmens Publishers Pension Fund Board of Trustees, 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.
Pressmens Publishers Pension Fund is a defined benefit pension plan sponsored by Pressmens Publishers Pension Fund Board of Trustees of New York, New York. For the plan year ending 31 Mar 2025 it reported 795 participants, 0 of them active, and net assets of $97.0M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $122,073 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and well above the $76,035 median for defined benefit plans in information. 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 12 service provider organisations paid $5,000 or more, with reported compensation of $636K: $800 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $597K. 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 $94.7M in 2009 to $97.0M in 2024 (up 2%), and participants from 1,249 to 795 (down 36%).
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 | $122,073 | $86,583 | $76,035 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $7,015 | $10,244 |
| Schedule C compensation per participant | $800 | $377 | $354 | $344 |
| Schedule C compensation, share of net assets | 0.66% | 0.48% | 0.46% | 0.42% |
| Administrative expenses per participant | $751 | $591 | $671 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), information (147) 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 | 795 | $97.0M | $122,073 | — | — | $636K |
| 2023 | 811 | $79.7M | $98,212 | — | — | $639K |
| 2022 | 856 | $80.7M | $94,232 | $1.2M | — | $762K |
| 2021 | 908 | $86.9M | $95,700 | $1.9M | — | $592K |
| 2020 | 948 | $82.0M | $86,462 | $2.4M | $8,000 | $741K |
| 2019 | 986 | $70.5M | $71,544 | $2.1M | $52K | $893K |
| 2018 | 1,002 | $81.7M | $81,556 | $2.1M | $63K | $1.4M |
| 2017 | 1,031 | $85.3M | $82,769 | $2.0M | $56K | $663K |
| 2016 | 1,063 | $85.6M | $80,535 | $2.1M | $59K | $674K |
| 2015 | 1,088 | $86.8M | $79,817 | $2.2M | $61K | $517K |
| 2014 | 1,116 | $95.6M | $85,645 | $2.2M | $64K | $521K |
| 2013 | 1,171 | $96.1M | $82,026 | $2.3M | $66K | $639K |
| 2012 | 1,147 | $93.3M | $81,363 | $2.2M | $68K | $615K |
| 2011 | 1,182 | $94.2M | $79,657 | $2.1M | $70K | $816K |
| 2010 | 1,218 | $97.0M | $79,658 | $2.6M | $76K | $591K |
| 2009 | 1,249 | $94.7M | $75,838 | $3.1M | $95K | $641K |
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$79,650,438
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions$28,437,572
- Total contributions$28,437,572
- Total income, including investment results$26,873,911
- Benefits paid$8,879,261
- Administrative expenses$596,814
- Total expenses$9,476,075
- Net income$17,397,836
- Net transfers$0
- Net assets, end of year$97,048,274
Participants
- Active participants0
- Retired or separated, receiving benefits364
- Retired or separated, entitled to future benefits274
- Total participants, end of year795
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Proskauer Rose LLP | Legal | $202,960 | $0 |
| Boyd Watterson Asset Management LLC | Investment management | $0 | $108,582 |
| C & R Consulting, Inc. | Contract Administrator | $54,500 | $0 |
| First Actuarial Consulting Team | Actuarial | $52,650 | $0 |
| Fuiman Mogila, LLP | Legal | $51,975 | $0 |
| Quan-Vest Consultants, Inc. | Investment advisory (plan) | $47,938 | $0 |
| Novak Francella LLC | Accounting (including auditing) | $25,817 | $0 |
| Marshall & Moss | Contract Administrator; Recordkeeping and information management | $25,750 | $0 |
| Wedge Capital Management | Investment management | $21,205 | $0 |
| Bank of America | Custodial (securities) | $17,055 | $0 |
| Washington Capital Management Inc. | Investment management | $15,000 | $0 |
| Segal Consulting | Consulting (general) | $12,908 | $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$266,635
- Investment advisory and management fees$88,602
- Contract administrator fees$80,250
- Other administrative expenses$65,805
- Actuarial fees$52,650
- IQPA audit fees$24,000
- Trustee and custodial fees$17,055
- Recordkeeping fees$1,817
- Total administrative expenses$596,814
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.
- Receivables$38.2M · 39.3%
- Common/collective trusts$30.9M · 31.8%
- Partnership/joint venture interests$10.4M · 10.7%
- 103-12 investment entities$4.2M · 4.3%
- Corporate stocks$4.0M · 4.2%
- Other investments$4.0M · 4.1%
- Registered investment companies (mutual funds)$2.8M · 2.9%
- Cash (interest and non-interest bearing)$2.7M · 2.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- 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 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 511110: Newspaper Publishers.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| 21st Century Fox America Retirement Plan | TFCF America, Inc. | 1,298 | $432M | $333,084 |
| Boston Newspaper Retirement Fund | Trustees of Boston Newspaper Retirement Fund | 598 | $5.1M | $8,546 |
| A&e Television Networks, LLC. Retirement Plan | A&e Television Networks, LLC. | 1,651 | $341M | $206,679 |
| Scripps Networks Interactive Pension Plan | Discovery Communications, LLC | 538 | $46.9M | $87,114 |
| Fox Pension Plan | Fox Corporation | 1,824 | $770M | $422,359 |
| Retirement Plan of Forbes Management Company Inc. | Ffh-Sh Inc. | 472 | $26.1M | $55,208 |
Defined benefit plans in information closest in size.
Questions and answers
How big is Pressmens Publishers Pension Fund?
795 participants at the end of the plan year ending 31 Mar 2025, of whom 0 were active employees, with net assets of $97,048,274. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Pressmens Publishers Pension Fund Board of Trustees 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 $636,340 in compensation to service provider organisations, $800 per participant or 0.66% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $596,814. 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 Pressmens Publishers Pension Fund Board of Trustees. Recordkeeping or administration: C & R Consulting, Inc. and Marshall & Moss. Investment advisory or management: Boyd Watterson Asset Management LLC, Quan-Vest Consultants, Inc. and Wedge Capital Management. Trustee or custodian: Bank of America. 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 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 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 13-6121627, 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.