New York › Administrative and support and waste management services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Sports Arena Employees Local 137 Retirement Fund
Sponsored by Sports Arena Employees Local 137 Retirement Fund, New York, 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.
Sports Arena Employees Local 137 Retirement Fund of New York, New York sponsors Sports Arena Employees Local 137 Retirement Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 1,255 participants (0 active) and $41.8M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $33,335 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $84,727 median for defined benefit plans in administrative and support and waste management 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 9 service provider organisations paid $5,000 or more, with reported compensation of $330K: $263 per participant, below the same-size median of $325. Administrative expenses charged to the plan were $464K. 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 $36.5M in 2009 to $41.8M in 2024 (up 15%), and participants from 2,000 to 1,255 (down 37%).
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 | $33,335 | $87,935 | $84,727 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $14,385 | $10,244 |
| Schedule C compensation per participant | $263 | $325 | $328 | $344 |
| Schedule C compensation, share of net assets | 0.79% | 0.41% | 0.55% | 0.42% |
| Administrative expenses per participant | $369 | $513 | $508 | $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), administrative and support and waste management services (58) 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 | 1,255 | $41.8M | $33,335 | — | — | $330K |
| 2023 | 1,292 | $38.9M | $30,143 | — | — | $249K |
| 2022 | 1,337 | $21.9M | $16,358 | — | — | $343K |
| 2021 | 1,404 | $27.6M | $19,642 | — | — | $331K |
| 2020 | 1,457 | $31.2M | $21,410 | — | — | $455K |
| 2019 | 1,511 | $34.6M | $22,923 | — | — | $408K |
| 2018 | 1,554 | $36.6M | $23,564 | — | — | $439K |
| 2017 | 1,596 | $40.8M | $25,541 | — | — | $386K |
| 2016 | 1,653 | $43.0M | $26,014 | — | — | $444K |
| 2015 | 1,722 | $45.6M | $26,462 | — | — | $416K |
| 2014 | 1,769 | $49.0M | $27,693 | — | — | $237K |
| 2013 | 1,813 | $51.2M | $28,261 | — | — | $211K |
| 2012 | 1,856 | $52.4M | $28,258 | — | — | $231K |
| 2011 | 1,908 | $53.2M | $27,908 | — | — | $293K |
| 2010 | 1,959 | $55.1M | $28,120 | — | — | $269K |
| 2009 | 2,000 | $36.5M | $18,225 | — | — | $286K |
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$38,944,792
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$9,012,573
- Benefits paid$5,658,030
- Administrative expenses$463,660
- Total expenses$6,121,690
- Net income$2,890,883
- Net transfers$0
- Net assets, end of year$41,835,675
Participants
- Active participants0
- Retired or separated, receiving benefits943
- Retired or separated, entitled to future benefits312
- Total participants, end of year1,255
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Njbls Welfare Fund | Other services | $108,000 | $0 |
| Investment Performance Services | Consulting (general) | $59,375 | $0 |
| CBIZ Retirement Plan Services | Actuarial | $53,350 | $0 |
| Cohen, Weiss & Simon LLP | Legal | $38,564 | $0 |
| Pension Benefit Information, LLC | Other services | $30,767 | $0 |
| Novak Francella LLC | Accounting (including auditing) | $18,750 | $0 |
| Prudential Trust Co. | Investment management | $9,978 | $0 |
| Wedge Capital Management | Investment management | $5,505 | $0 |
| Wells Fargo Bank | Custodial (securities) | $5,290 | $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
- Other administrative expenses$148,066
- Investment advisory and management fees$99,163
- Salaries and allowances$95,965
- Actuarial fees$53,350
- Legal fees$38,564
- IQPA audit fees$18,750
- Trustee and custodial fees$9,802
- Total administrative expenses$463,660
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$16.0M · 36.2%
- Receivables$11.4M · 25.9%
- Corporate debt instruments$7.4M · 16.8%
- Cash (interest and non-interest bearing)$2.6M · 5.8%
- Real estate$2.4M · 5.4%
- Registered investment companies (mutual funds)$2.3M · 5.1%
- Corporate stocks$2.1M · 4.8%
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, $1,000,000
- 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)1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561110: Office Administrative Services.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| 32BJ/BROADWAY League Pension Fund | Board of Trustees of the 32BJ/BROADWAY League Pension Fund | 2,539 | $76.2M | $30,008 |
| Teamsters Joint Council No. 16 Pension Fund | Board of Trustees of Teamsters Joint Council No. 16 Pension Fund | 969 | $43.5M | $44,929 |
| DTTS Pension Plan | Deloitte Touche Tohmatsu Services, LLC | 2,808 | $248M | $88,185 |
| I.B.E.W. Local #910 Pension Fund | Trustees of the I.B.E.W. Local 910 Pension Fund | 727 | $80.4M | $110,561 |
| Pension Plan Private Sanitation Union Local 813 Ibt | Board of Trustees of Pension Fund Private Sanitation Union Local 813 I | 3,308 | $279M | $84,214 |
| Perishable Food Industry Pension Fund | Board of Trustees of Perishable Food Industry Pension Fund | 388 | $20.1M | $51,879 |
Defined benefit plans in administrative and support and waste management services closest in size.
Questions and answers
How big is Sports Arena Employees Local 137 Retirement Fund?
1,255 participants at the end of the plan year ending 31 Dec 2024, of whom 0 were active employees, with net assets of $41,835,675. 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 Sports Arena Employees Local 137 Retirement 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 $329,579 in compensation to service provider organisations, $263 per participant or 0.79% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $463,660. 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 Sports Arena Employees Local 137 Retirement Fund. Investment advisory or management: Prudential Trust Co. and Wedge Capital Management. Trustee or custodian: Wells Fargo Bank. 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 14 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 22-6073053, plan 001, received 14 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.