New York › Retail trade › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Union Mutual Fund Pension Plan
Sponsored by Board of Trustees of Union Mutual Fund Pension Plan, 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.
Board of Trustees of Union Mutual Fund Pension Plan of New York, New York sponsors Union Mutual Fund Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 5,177 participants (1,027 active) and $64.3M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $12,423 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well below the $30,870 median for defined benefit plans in retail trade. 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 $509K for the year ($495 per active participant) and benefits paid were $2.7M. 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 9 service provider organisations paid $5,000 or more, with reported compensation of $469K: $90.65 per participant, well below the same-size median of $232. Administrative expenses charged to the plan were $705K. 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 $31.7M in 2009 to $64.3M in 2024 (up 103%), and participants from 4,571 to 5,177 (up 13%).
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 | $12,423 | $87,623 | $30,870 | $86,221 |
| Employer contributions per active participant | $495 | $9,468 | $2,829 | $10,244 |
| Schedule C compensation per participant | $90.65 | $232 | $165 | $344 |
| Schedule C compensation, share of net assets | 0.73% | 0.30% | 0.59% | 0.42% |
| Administrative expenses per participant | $136 | $396 | $310 | $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), retail trade (132) 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 | 5,177 | $64.3M | $12,423 | $509K | — | $469K |
| 2023 | 5,164 | $60.7M | $11,746 | $536K | — | $424K |
| 2022 | 5,318 | $57.7M | $10,855 | $600K | — | $485K |
| 2021 | 5,092 | $66.3M | $13,011 | $608K | — | $433K |
| 2020 | 5,190 | $58.6M | $11,292 | $786K | — | $454K |
| 2019 | 5,500 | $55.3M | $10,063 | $882K | — | $483K |
| 2018 | 5,448 | $49.2M | $9,038 | $886K | — | $476K |
| 2017 | 5,391 | $52.1M | $9,657 | $872K | — | $486K |
| 2016 | 5,330 | $47.6M | $8,930 | $978K | — | $504K |
| 2015 | 5,309 | $45.1M | $8,501 | $953K | — | $503K |
| 2014 | 5,175 | $45.7M | $8,826 | $938K | — | $519K |
| 2013 | 4,710 | $43.0M | $9,121 | $786K | — | $464K |
| 2012 | 4,924 | $37.5M | $7,610 | $965K | — | $479K |
| 2011 | 4,623 | $34.1M | $7,382 | $819K | — | $420K |
| 2010 | 4,565 | $35.8M | $7,850 | $770K | — | $484K |
| 2009 | 4,571 | $31.7M | $6,927 | $836K | — | $492K |
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$60,658,166
- Employer contributions$508,827
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$508,827
- Total income, including investment results$7,039,517
- Benefits paid$2,677,010
- Administrative expenses$704,632
- Total expenses$3,381,642
- Net income$3,657,875
- Net transfers$0
- Net assets, end of year$64,316,041
Participants
- Active participants1,027
- Retired or separated, receiving benefits483
- Retired or separated, entitled to future benefits3,615
- Total participants, end of year5,177
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Savasta and Company | Contract Administrator | $151,338 | $0 |
| Friedman and Anspach | Legal | $116,096 | $0 |
| Weaver and Tidwell, LLP | Accounting (including auditing) | $51,148 | $0 |
| Investment Performance Services LLC | Investment advisory (plan) | $35,000 | $0 |
| Loomis Sayles Trust Company | Investment management | $30,676 | $0 |
| Summit Actuarial Services, LLC | Actuarial | $28,000 | $0 |
| Segall Bryant & Hamill, LLC | Investment management | $23,750 | $0 |
| Wilmington Trust, NA | Custodial (securities) | $18,091 | $0 |
| C.S. McKee, LP | Investment management | $15,181 | $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$214,010
- Contract administrator fees$148,800
- Legal fees$116,096
- Investment advisory and management fees$104,608
- IQPA audit fees$43,264
- Trustee and custodial fees$30,933
- Actuarial fees$28,000
- Recordkeeping fees$10,421
- Other trustee fees and expenses$8,500
- Total administrative expenses$704,632
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$40.3M · 62.6%
- Partnership/joint venture interests$12.0M · 18.7%
- Corporate stocks$5.1M · 7.9%
- U.S. Government securities$3.7M · 5.8%
- Corporate debt instruments$2.6M · 4.0%
- Cash (interest and non-interest bearing)$546K · 0.8%
- Receivables$112K · 0.2%
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 bondNo
- 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 446110: Pharmacies & Drug Stores.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| United Teamster Pension Fund a | Board of Trustees of United Teamster Pension Fund a | 6,859 | $343M | $49,950 |
| Local 1102 Retirement Trust | Local 1102 Retirement Trust | 4,356 | $83.0M | $19,063 |
| Foot Locker Retirement Plan | Foot Locker, Inc. | 9,887 | $359M | $36,341 |
| Tiffany and Company Pension Plan | Tiffany and Company | 4,033 | $606M | $150,159 |
| Golub Corporation Employees Retirement Plan | Golub Corporation | 10,395 | $366M | $35,257 |
| Saks Fifth Avenue Pension Plan | Saks & Company LLC | 2,529 | $60.8M | $24,059 |
Defined benefit plans in retail trade closest in size.
Questions and answers
How big is Union Mutual Fund Pension Plan?
5,177 participants at the end of the plan year ending 31 Dec 2024, of whom 1,027 were active employees, with net assets of $64,316,041. 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 Board of Trustees of Union Mutual Fund Pension Plan contribute per participant?
The filing reports $508,827 in employer contributions for the year, which is $495 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 $469,280 in compensation to service provider organisations, $90.65 per participant or 0.73% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $704,632. 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 of Union Mutual Fund Pension Plan. Recordkeeping or administration: Savasta and Company. Investment advisory or management: Investment Performance Services LLC, Loomis Sayles Trust Company and Segall Bryant & Hamill, LLC. Trustee or custodian: Wilmington Trust, NA. 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 9 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 22-6073058, plan 001, received 9 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.