New Jersey › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Operating Engineers Local No. 825 Pension Fund
Sponsored by Operating Engineers Local No. 825 Pension Fund, Springfield, 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.
Operating Engineers Local No. 825 Pension Fund is a defined benefit pension plan sponsored by Operating Engineers Local No. 825 Pension Fund of Springfield, New Jersey. For the plan year ending 30 Jun 2025 it reported 11,674 participants, 5,438 of them active, and net assets of $1.19B. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $101,903 per participant, above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and close to 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 $56.0M for the year ($10,295 per active participant) and benefits paid were $68.2M. 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 $5.2M: $442 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $8.3M. 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 $427M in 2009 to $1.19B in 2024 (up 179%), and participants from 10,113 to 11,674 (up 15%).
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 | $101,903 | $87,623 | $100,593 | $86,221 |
| Employer contributions per active participant | $10,295 | $9,468 | $13,292 | $10,244 |
| Schedule C compensation per participant | $442 | $232 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.43% | 0.30% | 0.46% | 0.42% |
| Administrative expenses per participant | $710 | $396 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 | 11,674 | $1.19B | $101,903 | $56.0M | — | $5.2M |
| 2023 | 11,544 | $1.11B | $95,932 | $55.2M | — | $4.6M |
| 2022 | 11,304 | $1.04B | $91,606 | $54.7M | — | $5.0M |
| 2021 | 11,028 | $986M | $89,372 | $51.0M | — | $4.6M |
| 2020 | 11,024 | $1.07B | $97,443 | $50.0M | — | $4.4M |
| 2019 | 11,011 | $851M | $77,244 | $52.7M | — | $4.5M |
| 2018 | 10,764 | $841M | $78,151 | $53.8M | — | $4.5M |
| 2017 | 10,757 | $802M | $74,513 | $54.0M | — | $4.1M |
| 2016 | 10,539 | $738M | $69,999 | $50.1M | — | $4.3M |
| 2015 | 10,330 | $665M | $64,342 | $50.3M | — | $4.2M |
| 2014 | 9,996 | $656M | $65,603 | $45.8M | — | $4.1M |
| 2013 | 9,892 | $630M | $63,645 | $45.0M | — | $3.9M |
| 2012 | 9,870 | $544M | $55,070 | $40.8M | — | $3.8M |
| 2011 | 9,812 | $485M | $49,384 | $38.8M | — | $3.0M |
| 2010 | 9,899 | $499M | $50,416 | $36.3M | — | $2.8M |
| 2009 | 10,113 | $427M | $42,191 | $31.6M | — | $3.0M |
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$1,107,435,384
- Employer contributions$55,986,436
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$55,986,436
- Total income, including investment results$158,682,501
- Benefits paid$68,223,346
- Administrative expenses$8,284,560
- Total expenses$76,507,906
- Net income$82,174,595
- Net transfers$0
- Net assets, end of year$1,189,609,979
Participants
- Active participants5,438
- Retired or separated, receiving benefits3,381
- Retired or separated, entitled to future benefits1,669
- Total participants, end of year11,674
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| IUOE Local 825 Welfare Fund | Other services | $1,456,692 | $0 |
| Atlanta Capital Management | Investment management | $677,847 | $0 |
| Hardman Johnston Global Advisors | Investment management | $463,626 | $0 |
| Loomis Sayles | Investment management fees paid directly by plan | $428,409 | $0 |
| Westfield Capital Management | Investment management fees paid directly by plan | $310,510 | $0 |
| Winslow Capital Management | Investment management | $306,082 | $0 |
| Sierra Investment Partners, Inc. | Investment management | $296,329 | $0 |
| Ips Investment Consultants | Consulting (general); Investment advisory (plan) | $260,000 | $0 |
| LSV Asset Management | Investment management | $231,909 | $0 |
| Great Lakes Advisors, LLC | Investment management fees paid directly by plan | $190,178 | $0 |
| Segall Bryant & Hamill, LLC | Investment management | $119,980 | $0 |
| Comerica Bank | Custodial (securities) | $106,598 | $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$5,987,611
- Other administrative expenses$927,137
- Salaries and allowances$817,484
- Legal fees$328,565
- Recordkeeping fees$116,064
- IQPA audit fees$60,499
- Actuarial fees$47,200
- Total administrative expenses$8,284,560
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$373M · 31.2%
- Other investments$317M · 26.6%
- Corporate debt instruments$154M · 12.9%
- U.S. Government securities$99.7M · 8.4%
- Registered investment companies (mutual funds)$97.3M · 8.2%
- Common/collective trusts$56.3M · 4.7%
- Pooled separate accounts$43.7M · 3.7%
- Cash (interest and non-interest bearing)$21.4M · 1.8%
- 103-12 investment entities$20.6M · 1.7%
- Receivables$11.3M · 0.9%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $3,000,000
- 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)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 237990: Other Heavy & Civil Engineering Construction.
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund | Board of Trustees H&GL Local Unions 472 & 172 of NJ Pension Fund | 14,241 | $1.75B | $122,935 |
| New Jersey Building Laborers Statewide Pension Fund | BD of Trustees New Jersey Building Laborers Statewide Pension Fund | 7,137 | $534M | $74,753 |
| Iron Workers Pension Plan | Iron Workers District Council Phila Vicinity Retirement and Pension | 4,756 | $439M | $92,345 |
| Joint Pension Fund of Local Union No 102 | Joint Pension Fund of Local Union No 102 IBEW Board of Trustees | 4,355 | $718M | $164,767 |
| Joint Pension Fund Local Union IBEW | Joint Pension Fund Local Union 164 IBEW | 4,105 | $599M | $145,915 |
| Refrigeration, A/c & Service Div. (Ua-Nj) Pension Plan | Refrigeration, A/c & Service Div. (Ua-Nj) Pension Fund | 3,374 | $410M | $121,467 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Operating Engineers Local No. 825 Pension Fund?
11,674 participants at the end of the plan year ending 30 Jun 2025, of whom 5,438 were active employees, with net assets of $1,189,609,979. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Operating Engineers Local No. 825 Pension Fund contribute per participant?
The filing reports $55,986,436 in employer contributions for the year, which is $10,295 per active participant; the median for plans of the same type and size was $9,468 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 $5,157,920 in compensation to service provider organisations, $442 per participant or 0.43% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $8,284,560. 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 Operating Engineers Local No. 825 Pension Fund. Investment advisory or management: Atlanta Capital Management, Hardman Johnston Global Advisors and Winslow Capital Management. Trustee or custodian: Comerica Bank. The financial statements were audited by Calibre CPA Group PLLC. 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 14 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 22-6033380, plan 001, received 14 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.