New York › Other services › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Retail Local 906 AFL-CIO Pension Plan
Sponsored by Retail Local 906, 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 31 Dec 2024, Retail Local 906 AFL-CIO Pension Plan covered 178 participants and held −$1.8M in net assets. The plan is a defined benefit pension plan sponsored by Retail Local 906 of New York, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $15K: $86.96 per participant, well below the same-size median of $451. Administrative expenses charged to the plan were $18K. 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 $289K in 2009 to −$1.8M in 2024 (down 727%), and participants from 280 to 178 (down 36%).
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 | — | $80,635 | $110,377 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $13,001 | $10,244 |
| Schedule C compensation per participant | $86.96 | $451 | $486 | $344 |
| Schedule C compensation, share of net assets | — | 0.52% | 0.44% | 0.42% |
| Administrative expenses per participant | $103 | $582 | $662 | $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), other services (226) 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 | 178 | −$1.8M | −$10,185 | — | — | $15K |
| 2023 | 183 | −$1.6M | −$8,831 | — | — | $14K |
| 2022 | 186 | −$1.4M | −$7,715 | — | — | $14K |
| 2021 | 189 | −$1.3M | −$6,847 | — | — | $13K |
| 2020 | 193 | $13K | $67 | — | — | $13K |
| 2019 | 198 | $16K | $81 | — | — | $13K |
| 2017 | 211 | $17K | $81 | — | — | $19K |
| 2016 | 223 | $27K | $121 | — | — | $11K |
| 2015 | 230 | $20K | $87 | — | — | $11K |
| 2014 | 237 | $23K | $97 | — | — | $11K |
| 2013 | 241 | $31K | $129 | — | — | $11K |
| 2012 | 247 | $20K | $81 | — | — | $12K |
| 2011 | 259 | $25K | $97 | — | — | $20K |
| 2010 | 271 | $140K | $517 | — | — | $8,000 |
| 2009 | 280 | $289K | $1,032 | — | — | $23K |
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−$1,615,715
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$156
- Benefits paid$47,464
- Administrative expenses$18,417
- Total expenses$197,695
- Net income−$197,539
- Net transfers$0
- Net assets, end of year−$1,813,254
Participants
- Active participants0
- Retired or separated, receiving benefits59
- Retired or separated, entitled to future benefits109
- Total participants, end of year178
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Forvis Mazars, LLP | Accounting (including auditing) | $15,478 | $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
- IQPA audit fees$15,838
- Other administrative expenses$2,579
- Total administrative expenses$18,417
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.
- Cash (interest and non-interest bearing)$9,453 · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionQualified
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmForvis Mazars, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondNo
- 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
1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 813930: Labor Unions and Similar Labor Organizations.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Retirement Income Plan for Employees of the Rockefeller Foundation | The Rockefeller Foundation | 217 | $108M | $495,840 |
| The Retirement Plan for the Employees of the American Jewish Committee | American Jewish Committee | 159 | $28.9M | $181,682 |
| The Actors' Fund of America Pension Plan | The Actors' Fund of America DBA Entertainment Community Fund | 224 | $14.8M | $66,009 |
| Elmont Cemetery Field Workers Pension Trust | Elmont Cemetery, Inc. | 158 | $3.4M | $21,246 |
| Teamsters Local 237 Welfare Fund Pension Plan | Teamsters Local 237 Welfare Fund | 240 | $52.9M | $220,416 |
| The New York Community Trust Retirement Plan | Community Funds Inc. | 156 | $54.8M | $350,964 |
Defined benefit plans in other services closest in size.
Questions and answers
How big is Retail Local 906 AFL-CIO Pension Plan?
178 participants at the end of the plan year ending 31 Dec 2024, of whom 0 were active employees, with net assets of −$1,813,254. 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 Retail Local 906 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 $15,478 in compensation to service provider organisations, $86.96 per participant. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $18,417. 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 Retail Local 906. The financial statements were audited by Forvis Mazars, 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 11 Oct 2025. 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 13-6202748, plan 001, received 11 Oct 2025; 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.