New Jersey › Manufacturing › 100 to 249 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Local 2066 Pension Fund
Sponsored by Joint Board of Trustees Local 2066, Parsippany, 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.
Joint Board of Trustees Local 2066 of Parsippany, New Jersey sponsors Local 2066 Pension Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 30 Apr 2025 shows 199 participants and $3.5M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $17,795 per participant, well below the $80,635 median for defined benefit plans with 100 to 249 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 $67K: $336 per participant, well below the same-size median of $451. Administrative expenses charged to the plan were $92K. 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 $3.3M in 2009 to $3.5M in 2024 (up 6%), and participants from 283 to 199 (down 30%).
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 | $17,795 | $80,635 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $6,915 | $10,244 |
| Schedule C compensation per participant | $336 | $451 | $299 | $344 |
| Schedule C compensation, share of net assets | 1.9% | 0.52% | 0.47% | 0.42% |
| Administrative expenses per participant | $464 | $582 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 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 | 199 | $3.5M | $17,794 | — | — | $67K |
| 2023 | 192 | $3.6M | $18,844 | — | — | $62K |
| 2022 | 205 | $3.6M | $17,780 | — | — | $46K |
| 2021 | 223 | $4.0M | $17,996 | — | — | $48K |
| 2020 | 223 | $4.5M | $19,973 | — | — | $27K |
| 2019 | 223 | $4.0M | $18,117 | $1.7M | — | $27K |
| 2018 | 223 | $2.7M | $12,121 | $46K | — | $27K |
| 2017 | 230 | $2.8M | $11,961 | $62K | — | $34K |
| 2016 | 235 | $2.8M | $12,068 | $56K | — | $33K |
| 2015 | 248 | $2.8M | $11,448 | $60K | — | $39K |
| 2014 | 253 | $3.1M | $12,186 | $273K | — | $34K |
| 2013 | 256 | $2.9M | $11,512 | $71K | — | $38K |
| 2012 | 266 | $3.0M | $11,417 | $76K | — | $46K |
| 2011 | 273 | $3.1M | $11,436 | $81K | — | $48K |
| 2010 | 283 | $3.2M | $11,413 | $137K | — | $39K |
| 2009 | 283 | $3.3M | $11,823 | $85K | — | $12K |
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$3,618,069
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$368,752
- Benefits paid$353,367
- Administrative expenses$92,296
- Total expenses$445,663
- Net income−$76,911
- Net transfers$0
- Net assets, end of year$3,541,158
Participants
- Active participants—
- Retired or separated, receiving benefits118
- Retired or separated, entitled to future benefits81
- Total participants, end of year199
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Morgan Stanley Smith Barney LLC | Investment advisory (plan) | $22,253 | $0 |
| Gerson & Assoc. CPAS and Advisors | Accounting (including auditing) | $19,000 | $0 |
| Fabian & Byrn LLC | Contract Administrator | $18,613 | $0 |
| Summit Actuarial Services LLC | Actuarial | $7,000 | $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
- Investment advisory and management fees$22,253
- IQPA audit fees$19,000
- Contract administrator fees$18,613
- Other administrative expenses$14,214
- Actuarial fees$7,000
- Other trustee fees and expenses$6,216
- Legal fees$5,000
- Total administrative expenses$92,296
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.
- Registered investment companies (mutual funds)$2.0M · 55.2%
- Common/collective trusts$1.3M · 37.1%
- Cash (interest and non-interest bearing)$275K · 7.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmGerson & Assoc. CPAS and Advisors
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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)1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 335900: Other Electrical Equipment & Component Mfg.
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| B&G Foods Stoughton, Wisconsin Union Pension Plan | B&G Foods North America, Inc. | 209 | $10.7M | $51,018 |
| Elementis Chemicals Inc. Employees' Retirement Plan | Elementis Chemical Inc. | 194 | $5.0M | $25,702 |
| Carpenters Industrial Council of Eastern Pennsylvania Pension Plan | The Trustee of the Carpenters Industrial Council of Eastern | 210 | $11.3M | $53,784 |
| Pension Plan for Union Employees of Johanna Foods, Inc., Flemington Plant | Johanna Foods, Inc. | 191 | $15.8M | $82,887 |
| Leistritz Advanced Technologies Corp. Retirement Plan | Leistritz Advanced Technologies Corp. | 211 | $17.2M | $81,619 |
| Retirement Plan for Bargaining-Unit Employees of Elementis Pigments Inc. | Elementis Global LLC | 166 | $10.2M | $61,543 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Local 2066 Pension Fund?
199 participants at the end of the plan year ending 30 Apr 2025, with net assets of $3,541,158. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does Joint Board of Trustees Local 2066 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 $66,866 in compensation to service provider organisations, $336 per participant or 1.9% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $92,296. 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 Joint Board of Trustees Local 2066. Recordkeeping or administration: Fabian & Byrn LLC. Investment advisory or management: Morgan Stanley Smith Barney LLC. The financial statements were audited by Gerson & Assoc. CPAS and Advisors. 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 5 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 22-6171510, plan 001, received 5 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.