New Jersey › Construction › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
IBEW Eastern States Pension Plan
Sponsored by Board of Trustees IBEW Eastern States Pension Plan, Mount Laurel, NJ
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 2025, IBEW Eastern States Pension Plan covered 377 participants and held $13.1M in net assets. The plan is a cash balance pension plan sponsored by Board of Trustees IBEW Eastern States Pension Plan of Mount Laurel, New Jersey. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $10,839 per participant in plan year 2024, well below the $87,254 median for defined benefit plans with 250 to 499 participants and well below the $100,593 median for defined benefit 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.
Employer contributions were $76K for the year ($25,194 per active participant) and benefits paid were $679K. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $137K: $365 per participant, above the same-size median of $413. Administrative expenses charged to the plan were $210K. 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 $6.3M in 2009 to $13.1M in 2025 (up 109%), and participants from 582 to 377 (down 35%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $10,839 | $87,254 | $100,593 | $86,221 |
| Employer contributions per active participant | $4,454 | $11,032 | $13,292 | $10,244 |
| Schedule C compensation per participant | $445 | $413 | $443 | $344 |
| Schedule C compensation, share of net assets | 4.1% | 0.51% | 0.46% | 0.42% |
| Administrative expenses per participant | $609 | $596 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), construction (655) 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 |
|---|---|---|---|---|---|---|
| 2025 | 377 | $13.1M | $34,804 | $76K | — | $137K |
| 2024 | 394 | $4.3M | $10,838 | $67K | — | $175K |
| 2023 | 404 | $4.5M | $11,119 | $93K | — | $204K |
| 2022 | 410 | $4.3M | $10,449 | $106K | — | $89K |
| 2021 | 416 | $5.6M | $13,421 | $121K | — | $94K |
| 2020 | 425 | $5.5M | $12,958 | $125K | — | $196K |
| 2019 | 439 | $5.6M | $12,788 | $138K | — | $60K |
| 2018 | 443 | $5.3M | $12,000 | $124K | — | $78K |
| 2017 | 443 | $6.0M | $13,530 | $110K | — | $111K |
| 2016 | 462 | $6.0M | $12,972 | $103K | — | $0 |
| 2015 | 459 | $6.1M | $13,207 | $100K | — | $100K |
| 2014 | 475 | $6.5M | $13,653 | $88K | — | $101K |
| 2013 | 559 | $7.0M | $12,453 | $75K | — | $124K |
| 2012 | 563 | $6.7M | $11,963 | $109K | — | $119K |
| 2011 | 570 | $6.2M | $10,889 | $105K | — | $116K |
| 2009 | 582 | $6.3M | $10,782 | $100K | — | $200K |
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$4,270,460
- Employer contributions$75,582
- Participant contributions—
- Rollovers and other contributions$9,272,118
- Total contributions$9,347,700
- Total income, including investment results$9,739,054
- Benefits paid$678,748
- Administrative expenses$209,712
- Total expenses$888,460
- Net income$8,850,594
- Net transfers$0
- Net assets, end of year$13,121,054
Participants
- Active participants3
- Retired or separated, receiving benefits239
- Retired or separated, entitled to future benefits99
- Total participants, end of year377
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Bpas Actuarial & Pension Services | Actuarial | $79,864 | $0 |
| Beacon Administrators & Consultants | Contract Administrator | $32,395 | $0 |
| Baratz & Associates, P.A. | Accounting (including auditing) | $11,250 | $0 |
| Stacey Braun Associates, Inc. | Investment advisory (plan) | $7,959 | $0 |
| Holm & Ohara LLP | Legal | $5,976 | $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
- Actuarial fees$79,864
- Other trustee fees and expenses$37,890
- Contract administrator fees$32,395
- Other administrative expenses$24,343
- Legal fees$16,011
- IQPA audit fees$11,250
- Investment advisory and management fees$7,959
- Total administrative expenses$209,712
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.
- U.S. Government securities$5.5M · 41.2%
- Registered investment companies (mutual funds)$5.1M · 38.3%
- Cash (interest and non-interest bearing)$2.5M · 19.1%
- Receivables$190K · 1.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBaratz & Associates
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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
1IFrozen plan1CCash balance or similar plan1BBenefits are primarily flat dollar (includes dollars per year of service)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238210: Electrical Contractors.
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| H.F.I.A.W. Local No. 32 - Pension Trust Fund | Board of Trustees - H.F.I.A.W. Local NO.32 Pension Trust Fund | 489 | $90.2M | $184,393 |
| IBEW Local Union No 607 Pension | Trustees of IBEW Local No 607 Pension Fund | 325 | $22.7M | $69,761 |
| Sheet Metal Workers Local 22 Pension Fund | Board of Trustees - Sheet Metal Workers Local 22 Pension Fund | 617 | $80.8M | $130,938 |
| Wyoming Carpenters Pension Plan | Wyoming Carpenters Employers Pension | 235 | −$17.2M | — |
| I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan | IBEW Lu 654 Pension Fund Trustees | 849 | $152M | $178,512 |
| Paintmakers Local 1310 Pension Plan | Trustees of Paintmakers Local 1310 Pension Plan | 223 | $170K | $764 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is IBEW Eastern States Pension Plan?
377 participants at the end of the plan year ending 31 Dec 2025, of whom 3 were active employees, with net assets of $13,121,054. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Board of Trustees IBEW Eastern States Pension Plan contribute per participant?
The filing reports $75,582 in employer contributions for the year, which is $25,194 per active participant; the median for plans of the same type and size was $11,032 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 $137,444 in compensation to service provider organisations, $365 per participant or 1.0% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $209,712. 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 IBEW Eastern States Pension Plan. Recordkeeping or administration: Beacon Administrators & Consultants. Investment advisory or management: Stacey Braun Associates, Inc.. The financial statements were audited by Baratz & Associates. 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 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 19 Aug 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 14-6032279, plan 001, received 19 Aug 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.