New York › Construction › 25,000 or more participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Annuity Plan of the Electrical Industry
Sponsored by Board of Trustees of the Annuity Plan of the Electrical Industry, Flushing, 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.
Annuity Plan of the Electrical Industry is a profit-sharing plan sponsored by Board of Trustees of the Annuity Plan of the Electrical Industry of Flushing, New York. For the plan year ending 30 Sep 2025 it reported 39,697 participants, 17,860 of them active, and net assets of $2.28B. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $57,490 per participant, below the $62,774 median for defined contribution plans with 25,000 or more participants and close to the $54,962 median for defined contribution plans in construction. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $96.2M during the year, or $5,387 per active participant against a same-size median of $2,417; participants contributed —. Benefits paid out totalled $146M.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $6.9M: $175 per participant, well above the same-size median of $36.41. Administrative expenses charged to the plan were $7.1M. 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 $1.18B in 2009 to $2.28B in 2024 (up 94%), and participants from 43,483 to 39,697 (down 9%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $57,490 | $62,774 | $54,962 | $53,102 |
| Employer contributions per active participant | $5,387 | $2,417 | $2,728 | $2,175 |
| Schedule C compensation per participant | $175 | $36.41 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.30% | 0.07% | 0.33% | 0.26% |
| Administrative expenses per participant | $179 | $38.81 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 25,000 or more participants (608 plans), construction (4,204) and all US plans (63,460). 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 | 39,697 | $2.28B | $57,490 | $96.2M | — | $6.9M |
| 2023 | 40,310 | $2.19B | $54,279 | $93.7M | — | $6.2M |
| 2022 | 41,103 | $1.96B | $47,714 | $83.3M | — | $6.2M |
| 2021 | 40,841 | $1.97B | $48,161 | $87.4M | — | $6.1M |
| 2020 | 41,274 | $2.16B | $52,265 | $87.0M | — | $5.5M |
| 2019 | 41,452 | $1.98B | $47,874 | $90.5M | — | $5.4M |
| 2018 | 41,298 | $1.87B | $45,190 | $117M | — | $5.0M |
| 2017 | 41,231 | $1.75B | $42,417 | $123M | — | $4.5M |
| 2016 | 41,670 | $1.64B | $39,407 | $121M | — | $4.3M |
| 2015 | 40,253 | $1.52B | $37,792 | $116M | — | $4.1M |
| 2014 | 40,812 | $1.40B | $34,253 | $104M | — | $3.9M |
| 2013 | 40,559 | $1.33B | $32,845 | $93.7M | — | $3.7M |
| 2012 | 43,802 | $1.26B | $28,840 | $81.0M | — | $3.9M |
| 2011 | 43,247 | $1.23B | $28,546 | $64.8M | — | $3.9M |
| 2010 | 43,423 | $1.21B | $27,800 | $64.4M | — | $3.8M |
| 2009 | 43,483 | $1.18B | $27,109 | $62.3M | — | $4.9M |
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$2,187,979,230
- Employer contributions$96,208,347
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$96,208,347
- Total income, including investment results$246,937,153
- Benefits paid$145,631,827
- Administrative expenses$7,111,811
- Total expenses$152,743,638
- Net income$94,193,515
- Net transfers$0
- Net assets, end of year$2,282,172,745
Participants
- Active participants17,860
- Retired or separated, receiving benefits6,044
- Retired or separated, entitled to future benefits14,554
- Participants with account balances39,697
- Total participants, end of year39,697
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Joint Industry Board | Plan Administrator | $4,037,845 | $0 |
| State Street Bank & Trust Co. | Investment management | $826,527 | $0 |
| Seix Investments Advisors LLC | Investment management | $352,713 | $0 |
| Pgim, Inc. | Investment management | $349,113 | $0 |
| Asb Capital Management LLC | Investment management | $268,018 | $0 |
| BlackRock Institutional Trust Co. NA | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Investment management | $244,059 | $0 |
| New York Life Insurance Co. | Investment management | $238,462 | $0 |
| Principal Global Investors LLC | Investment management | $207,284 | $0 |
| Insight North America LLC | Investment management | $160,942 | $0 |
| Alliant Insurance Services, Inc. | Insurance services | $54,903 | $0 |
| H&H Graphic Printing Communications | Copying and duplicating | $52,873 | $0 |
| Segal Marco | Investment management | $38,926 | $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
- Contract administrator fees$4,037,845
- Investment advisory and management fees$2,711,553
- Other administrative expenses$315,574
- Trustee and custodial fees$32,757
- Recordkeeping fees$6,000
- IQPA audit fees$5,000
- Legal fees$3,082
- Total administrative expenses$7,111,811
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.
- Common/collective trusts$904M · 39.4%
- Corporate debt instruments$448M · 19.5%
- U.S. Government securities$379M · 16.5%
- Other investments$341M · 14.9%
- Partnership/joint venture interests$128M · 5.6%
- Cash (interest and non-interest bearing)$50.9M · 2.2%
- 103-12 investment entities$35.7M · 1.6%
- Receivables$8.4M · 0.4%
- Corporate stocks$114K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmRSM US LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $15,000,000
- 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
2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238210: Electrical Contractors.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| International Brotherhood of Trade Unions Local 713 Annuity Fund | Board of Trustees Local 713 Annuity Fund | 50,911 | $33.8M | $663 |
| New York District Council of Carpenters Annuity FD | Board of Trustees of the Nydcc Annuity FD | 38,355 | $3.69B | $96,222 |
| Deferred Salary Plan of the Electrical Industry | Board of Trustees of the Deferred Salary Plan of the Electrical Ind | 33,824 | $7.99B | $236,139 |
| Mason Tenders District Council Annuity Fund | Board of Trustees Mason Tenders District Council Annuity Fund | 19,994 | $932M | $46,615 |
| Turner Retirement Investment Plan | The Turner Corporation | 10,507 | $2.78B | $264,232 |
| Painting Industry Annuity Fund | Board of Trustees of the Painting Industry Annuity Fund | 8,480 | $879M | $103,666 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Annuity Plan of the Electrical Industry?
39,697 participants at the end of the plan year ending 30 Sep 2025, of whom 17,860 were active employees, with net assets of $2,282,172,745. Among defined contribution plans that places it in the 25,000 or more participants band, which held 608 plans in plan year 2024.
What does Board of Trustees of the Annuity Plan of the Electrical Industry contribute per participant?
The filing reports $96,208,347 in employer contributions for the year, which is $5,387 per active participant; the median for plans of the same type and size was $2,417 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 $6,926,976 in compensation to service provider organisations, $175 per participant or 0.30% of net assets. The same-size median among plans reporting any Schedule C compensation was $36.41 per participant. Administrative expenses on Schedule H were $7,111,811. 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 Annuity Plan of the Electrical Industry. Recordkeeping or administration: Joint Industry Board. Investment advisory or management: State Street Bank & Trust Co., Seix Investments Advisors LLC and Pgim, Inc.. Trustee or custodian: BlackRock Institutional Trust Co. NA. The financial statements were audited by RSM US 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 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 11 Jul 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 13-6123600, plan 003, received 11 Jul 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.