New York › Other services › 250 to 499 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
International Union of Electrical Local 431 Pension Fund
Sponsored by Local 431 Pension Fund, White Plains, 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 Jun 2025, International Union of Electrical Local 431 Pension Fund covered 407 participants and held $300K in net assets. The plan is a defined benefit pension plan sponsored by Local 431 Pension Fund of White Plains, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $738 per participant, well below the $87,254 median for defined benefit plans with 250 to 499 participants and well below the $110,377 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.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $96K: $237 per participant, well below the same-size median of $413. Administrative expenses charged to the plan were $105K. 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 $4.2M in 2009 to $300K in 2024 (down 93%), and participants from 1,007 to 407 (down 60%).
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 | $738 | $87,254 | $110,377 | $86,221 |
| Employer contributions per active participant | — | $11,032 | $13,001 | $10,244 |
| Schedule C compensation per participant | $237 | $413 | $486 | $344 |
| Schedule C compensation, share of net assets | 32.1% | 0.51% | 0.44% | 0.42% |
| Administrative expenses per participant | $259 | $596 | $662 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 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 | 407 | $300K | $737 | — | — | $96K |
| 2023 | 429 | $387K | $902 | — | — | $132K |
| 2022 | 462 | $322K | $697 | — | — | $90K |
| 2021 | 518 | $297K | $573 | $75K | — | $95K |
| 2020 | 524 | $304K | $580 | $75K | — | $80K |
| 2019 | 581 | $292K | $503 | $75K | — | $80K |
| 2018 | 597 | $275K | $461 | $75K | — | $91K |
| 2017 | 616 | $306K | $497 | $75K | — | $84K |
| 2016 | 655 | $334K | $510 | $75K | — | $83K |
| 2015 | 725 | $340K | $469 | $75K | — | $87K |
| 2014 | 761 | $395K | $519 | $75K | — | $87K |
| 2013 | 806 | $410K | $509 | $75K | — | $91K |
| 2012 | 841 | $390K | $464 | $75K | — | $116K |
| 2011 | 938 | $427K | $455 | $75K | — | $150K |
| 2010 | 986 | $495K | $502 | $101K | — | $285K |
| 2009 | 1,007 | $4.2M | $4,125 | $109K | — | $196K |
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$386,706
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions$797,286
- Total contributions$797,286
- Total income, including investment results$798,834
- Benefits paid$779,971
- Administrative expenses$105,262
- Total expenses$885,233
- Net income−$86,399
- Net transfers$0
- Net assets, end of year$300,307
Participants
- Active participants0
- Retired or separated, receiving benefits297
- Retired or separated, entitled to future benefits70
- Total participants, end of year407
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Amalgamated Employee Benefits Admi | Contract Administrator | $63,567 | $0 |
| Novak Francella, LLC | Accounting (including auditing) | $15,000 | $0 |
| Cohen Weiss and Simon LLP | Legal | $10,690 | $0 |
| The Segal Group | Actuarial | $7,000 | $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
- Contract administrator fees$63,567
- IQPA audit fees$15,000
- Legal fees$10,690
- Other administrative expenses$7,505
- Actuarial fees$7,000
- Other trustee fees and expenses$1,500
- Total administrative expenses$105,262
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)$313K · 99.6%
- Receivables$1,194 · 0.4%
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, $100,000
- 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)1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 811210: Electronic & Precision Equipment Repair & Maintenance.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| American Society of Composers, Authors and Publishers Employees' Pension Plan | American Society of Composers, Authors and Publishers | 421 | $84.6M | $200,841 |
| Save on SP Cash Balance Plan | Save on SP LLC | 374 | $6.7M | $17,909 |
| Monro, Inc. Pension Plan | Monro, Inc. | 576 | $16.6M | $28,789 |
| Jewish Guild for the Blind Bargaining Unit Employees' Pension Plan | The Jewish Guild for the Blind | 372 | $20.3M | $54,520 |
| Civil Service Employees Association, Inc. Pension Plan | Civil Service Employees Association | 584 | $208M | $355,581 |
| Actors' Equity Association Staff Pension Plan | Actors' Equity Association | 363 | $48.7M | $134,174 |
Defined benefit plans in other services closest in size.
Questions and answers
How big is International Union of Electrical Local 431 Pension Fund?
407 participants at the end of the plan year ending 30 Jun 2025, of whom 0 were active employees, with net assets of $300,307. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Local 431 Pension Fund 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 $96,257 in compensation to service provider organisations, $237 per participant or 32.1% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $105,262. 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 Local 431 Pension Fund. Recordkeeping or administration: Amalgamated Employee Benefits Admi. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 15 Apr 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 13-6696565, plan 001, received 15 Apr 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.