Missouri › Manufacturing › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Bunge North America Pension Plan for Hourly Union Employees
Sponsored by Bunge North America East, L.L.C., Chesterfield, MO
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.
Bunge North America Pension Plan for Hourly Union Employees is a defined benefit pension plan sponsored by Bunge North America East, L.L.C. of Chesterfield, Missouri. For the plan year ending 31 Dec 2024 it reported 631 participants, 198 of them active, and net assets of $33.7M.
Net assets came to $53,344 per participant, well below the $86,583 median for defined benefit plans with 500 to 999 participants and well below the $67,961 median for defined benefit plans in manufacturing. 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 $156K: $246 per participant, well below the same-size median of $377. Administrative expenses charged to the plan were $250K. 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 $23.8M in 2009 to $33.7M in 2024 (up 41%), and participants from 896 to 631 (down 30%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $53,344 | $86,583 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $6,915 | $10,244 |
| Schedule C compensation per participant | $246 | $377 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.46% | 0.48% | 0.47% | 0.42% |
| Administrative expenses per participant | $396 | $591 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), manufacturing (1,532) 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 | 631 | $33.7M | $53,344 | — | — | $156K |
| 2023 | 621 | $35.3M | $56,789 | $766K | — | $147K |
| 2022 | 660 | $34.2M | $51,791 | — | — | $154K |
| 2021 | 664 | $46.2M | $69,630 | — | — | $175K |
| 2020 | 661 | $48.1M | $72,805 | — | — | $82K |
| 2019 | 660 | $44.0M | $66,602 | — | — | $77K |
| 2018 | 655 | $37.6M | $57,476 | — | — | $68K |
| 2016 | 677 | $37.0M | $54,601 | $340K | — | $86K |
| 2015 | 676 | $35.4M | $52,368 | $292K | — | $69K |
| 2014 | 688 | $37.1M | $53,988 | $757K | — | $61K |
| 2013 | 694 | $33.9M | $48,807 | $354K | — | $69K |
| 2012 | 699 | $30.5M | $43,587 | $773K | — | $75K |
| 2011 | 714 | $27.2M | $38,141 | $221K | — | $89K |
| 2010 | 730 | $26.7M | $36,573 | $505K | — | $86K |
| 2009 | 896 | $23.8M | $26,576 | $197K | — | $69K |
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$35,266,434
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$729,199
- Benefits paid$2,085,917
- Administrative expenses$249,661
- Total expenses$2,335,578
- Net income−$1,606,379
- Net transfers$0
- Net assets, end of year$33,660,055
Participants
- Active participants198
- Retired or separated, receiving benefits249
- Retired or separated, entitled to future benefits71
- Total participants, end of year631
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Mercer | Actuarial; Plan Administrator; Consulting (pension) | $93,257 | $0 |
| Goldman Sachs Asset MGMT LP | Insurance agents and brokers | $30,085 | $0 |
| Armanino LLP | Accounting (including auditing) | $19,320 | $0 |
| Northern Trust Company | Custodial (securities); Trustee (bank, trust company, or similar financial institution) | $12,873 | $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$124,512
- Other administrative expenses$63,001
- Investment advisory and management fees$28,458
- Contract administrator fees$19,320
- Trustee and custodial fees$14,370
- Total administrative expenses$249,661
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$31.9M · 94.7%
- Registered investment companies (mutual funds)$1.8M · 5.3%
- Cash (interest and non-interest bearing)$2,660 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmArmanino LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $25,000,000
- 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)3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 311200: Grain & Oilseed Milling.
Similar plans in Missouri
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| International Brotherhood of Boilermakers Officers and Employees' Pension Plan | Trustees of the Intn'l Brotherhood of Boilermakers Iron Ship Builders, | 772 | $148M | $191,127 |
| Local 202 Sheet Metal Workers Pension Fund | Trustees of the Local 202 Sheet Metal Workers Pension Fund | 573 | $18.7M | $32,713 |
| Nidec Retirement Plan | Nidec Motor Corporation | 787 | $31.9M | $40,502 |
| Silgan Plastics Pension Plan for Salaried Employees | Silgan Plastics, LLC | 569 | $93.7M | $164,683 |
| Hussmann Pension Plan for Certain Participants With Frozen Benefits | Hussmann Corporation | 795 | $25.3M | $31,774 |
| Retail Bakers Pension Trust Fund of ST Louis | Board of Trustees Retail Bakers Pension Trust Fund of St. Louis | 551 | $8.0M | $14,570 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Bunge North America Pension Plan for Hourly Union Employees?
631 participants at the end of the plan year ending 31 Dec 2024, of whom 198 were active employees, with net assets of $33,660,055. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Bunge North America East, L.L.C. 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 $155,535 in compensation to service provider organisations, $246 per participant or 0.46% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $249,661. 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 Bunge North America East, L.L.C.. Recordkeeping or administration: Mercer. Trustee or custodian: Northern Trust Company. The financial statements were audited by Armanino 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 2024 to 31 Dec 2024, received by the Department of Labor on 10 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 20-0537386, plan 002, received 10 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.