New York › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Bricklayers & Allied Craftworkers, Loc 2, Albany NY Pension Fund
Sponsored by Bot Bricklayers & Allied Craftworkers,l 2, Albany,ny Pens FD, Albany, 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 Apr 2025, Bricklayers & Allied Craftworkers, Loc 2, Albany NY Pension Fund covered 1,447 participants and held $128M in net assets. The plan is a defined benefit pension plan sponsored by Bot Bricklayers & Allied Craftworkers,l 2, Albany,ny Pens FD of Albany, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $88,207 per participant, close to the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and 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 $7.0M for the year ($14,867 per active participant) and benefits paid were $10.6M. 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 15 service provider organisations paid $5,000 or more, with reported compensation of $733K: $507 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $1.0M. 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 $77.6M in 2009 to $128M in 2024 (up 65%), and participants from 1,607 to 1,447 (down 10%).
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 | $88,207 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $14,867 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $507 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.57% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $723 | $513 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 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 |
|---|---|---|---|---|---|---|
| 2024 | 1,447 | $128M | $88,207 | $7.0M | — | $733K |
| 2023 | 1,453 | $125M | $86,208 | $7.2M | — | $719K |
| 2022 | 1,452 | $120M | $82,391 | $6.6M | — | $637K |
| 2021 | 1,494 | $125M | $83,560 | $6.3M | — | $657K |
| 2020 | 1,484 | $130M | $87,577 | $6.6M | — | $656K |
| 2019 | 1,502 | $103M | $68,328 | $6.9M | — | $652K |
| 2018 | 1,487 | $112M | $75,469 | $6.8M | — | $645K |
| 2017 | 1,468 | $110M | $74,812 | $6.3M | — | $749K |
| 2016 | 1,480 | $104M | $70,530 | $6.4M | — | $715K |
| 2015 | 1,484 | $97.9M | $65,970 | $5.7M | — | $787K |
| 2014 | 1,491 | $104M | $69,483 | $5.3M | — | $783K |
| 2013 | 1,528 | $99.5M | $65,147 | $5.6M | — | $742K |
| 2012 | 1,541 | $90.9M | $58,965 | $5.9M | — | $748K |
| 2011 | 1,543 | $84.1M | $54,530 | $5.4M | — | $659K |
| 2010 | 1,566 | $85.9M | $54,856 | $5.5M | — | $577K |
| 2009 | 1,607 | $77.6M | $48,276 | $5.9M | — | $631K |
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$125,259,899
- Employer contributions$6,987,343
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$6,987,343
- Total income, including investment results$14,071,160
- Benefits paid$10,648,790
- Administrative expenses$1,046,765
- Total expenses$11,695,555
- Net income$2,375,605
- Net transfers$0
- Net assets, end of year$127,635,504
Participants
- Active participants470
- Retired or separated, receiving benefits546
- Retired or separated, entitled to future benefits305
- Total participants, end of year1,447
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Morgan Stanley Smith Barney LLC | Recordkeeping and information management; Custodial (securities); Investment advisory (plan); Securities brokerage; Other services | $229,212 | $0 |
| Horizon Actuarial Services, LLC | Actuarial | $91,725 | $0 |
| Schultheis & Panettieri LLP | Accounting (including auditing) | $71,402 | $0 |
| Karpus Investment Management | Investment management | $62,796 | $0 |
| Thomas White International | Investment management | $43,402 | $0 |
| Blitman & King LLP | Legal | $42,837 | $0 |
| Chartwell Investment Partners | Investment management | $39,605 | $0 |
| Wedge Capital Management LLP | Investment management | $33,878 | $0 |
| Dolan McEniry Capital MGT LLC | Investment management | $26,517 | $0 |
| Chevy Chase Trust Company (Blackroc | Investment management | $22,503 | $0 |
| Polen Capital Management LLC | Investment management | $20,331 | $0 |
| Modern Administration Systems LLC | Consulting (general) | $15,708 | $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
- Investment advisory and management fees$519,708
- Other administrative expenses$153,424
- Salaries and allowances$153,421
- Actuarial fees$91,725
- IQPA audit fees$57,000
- Legal fees$42,837
- Recordkeeping fees$22,414
- Other trustee fees and expenses$6,236
- Total administrative expenses$1,046,765
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.
- Corporate stocks$45.3M · 35.3%
- Registered investment companies (mutual funds)$39.7M · 30.9%
- Corporate debt instruments$17.7M · 13.8%
- Partnership/joint venture interests$11.8M · 9.2%
- 103-12 investment entities$7.1M · 5.5%
- Cash (interest and non-interest bearing)$2.3M · 1.8%
- Common/collective trusts$2.2M · 1.7%
- Receivables$1.2M · 0.9%
- Other loans$583K · 0.5%
- U.S. Government securities$545K · 0.4%
- Other investments$7,517 · 0.0%
- Buildings and other property used in plan operation$135 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmSchultheis & Panettieri LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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
1BBenefits 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 238900: Other Specialty Trade Contractors (including site preparation).
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| United Association Local 7 Pension Plan | United Association Local 7 Pension Plan | 1,498 | $281M | $187,351 |
| Local 475 Pension Plan | Board of Trustees Local 475 Pension Plan | 1,438 | $95.5M | $66,379 |
| IBEW Local Union 363 Pension | IBEW Lu 363 Pension | 1,621 | $157M | $96,975 |
| Pension Plan of the IUOE Local 137 137A 137B 137C 137R, AFL-CIO | BD of Trustees Pension Plan of the IUOE 137 137A 137B 137C 137R Aflcio | 1,436 | $296M | $205,861 |
| Plumbers Local Union No. 200 Pension Fund | Plumbers Local Union No 200 Pension Fund Board of Trustees | 1,664 | $136M | $81,881 |
| Laborers' Local No. 17 Pension Fund | Laborers' International Union of N.A. Local No. 17 Pension Fund | 1,432 | $142M | $99,052 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Bricklayers & Allied Craftworkers, Loc 2, Albany NY Pension Fund?
1,447 participants at the end of the plan year ending 30 Apr 2025, of whom 470 were active employees, with net assets of $127,635,504. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Bot Bricklayers & Allied Craftworkers,l 2, Albany,ny Pens FD contribute per participant?
The filing reports $6,987,343 in employer contributions for the year, which is $14,867 per active participant; the median for plans of the same type and size was $10,593 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 $733,163 in compensation to service provider organisations, $507 per participant or 0.57% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,046,765. 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 Bot Bricklayers & Allied Craftworkers,l 2, Albany,ny Pens FD. Recordkeeping or administration: Morgan Stanley Smith Barney LLC. Investment advisory or management: Morgan Stanley Smith Barney LLC, Karpus Investment Management and Thomas White International. Trustee or custodian: Morgan Stanley Smith Barney LLC. The financial statements were audited by Schultheis & Panettieri 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 May 2024 to 30 Apr 2025, received by the Department of Labor on 21 Nov 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 14-6075802, plan 001, received 21 Nov 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.