New Jersey › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Local 734 Pension Fund
Sponsored by Board of Trustees Local 734 Pension Fund, Iselin, 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.
Local 734 Pension Fund is a defined benefit pension plan sponsored by Board of Trustees Local 734 Pension Fund of Iselin, New Jersey. For the plan year ending 30 Sep 2025 it reported 1,992 participants, 32 of them active, and net assets of $48.2M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $24,185 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below 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 $629K for the year ($19,670 per active participant) and benefits paid were $9.4M. 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 $548K: $275 per participant, below the same-size median of $325. Administrative expenses charged to the plan were $1.1M. 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 $76.0M in 2011 to $48.2M in 2024 (down 37%), and participants from 2,755 to 1,992 (down 28%).
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 | $24,185 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $19,670 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $275 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 1.1% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $561 | $513 | $596 | $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), 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 | 1,992 | $48.2M | $24,185 | $629K | — | $548K |
| 2023 | 2,038 | $53.1M | $26,032 | $373K | — | $301K |
| 2022 | 2,147 | $52.1M | $24,258 | $384K | — | $420K |
| 2021 | 2,213 | $56.3M | $25,460 | $600K | — | $384K |
| 2020 | 2,258 | $74.6M | $33,047 | $622K | — | $430K |
| 2019 | 2,333 | $71.8M | $30,758 | $684K | — | $423K |
| 2018 | 2,397 | $75.3M | $31,417 | $738K | — | $432K |
| 2017 | 2,438 | $81.5M | $33,418 | $634K | — | $437K |
| 2016 | 2,499 | $81.4M | $32,562 | $813K | — | $500K |
| 2015 | 2,545 | $81.7M | $32,090 | $553K | — | $559K |
| 2014 | 2,590 | $84.3M | $32,530 | $6.9M | — | $555K |
| 2013 | 2,626 | $89.1M | $33,916 | $3.8M | — | $595K |
| 2012 | 2,665 | $87.3M | $32,747 | $10.6M | — | $555K |
| 2011 | 2,755 | $76.0M | $27,592 | $2.6M | — | $459K |
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$53,052,522
- Employer contributions$629,447
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$629,447
- Total income, including investment results$5,665,537
- Benefits paid$9,423,851
- Administrative expenses$1,117,348
- Total expenses$10,541,199
- Net income−$4,875,662
- Net transfers$0
- Net assets, end of year$48,176,860
Participants
- Active participants32
- Retired or separated, receiving benefits1,053
- Retired or separated, entitled to future benefits656
- Total participants, end of year1,992
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| The Segal Company (Eastern States) | Actuarial; Consulting (pension) | $229,498 | $0 |
| Morgan Stanley Graystone | Investment advisory (plan) | $91,694 | $0 |
| Schultheis & Panettieri, LLP | Accounting (including auditing) | $49,700 | $0 |
| Lord Abbett & Co., LLC | Investment management | $45,771 | $0 |
| Bridgeway Benefit Technologies, LLC | Other services | $41,554 | $0 |
| The Bank of New York Mellon | Custodial (securities) | $35,565 | $0 |
| Atalanta Sosnoff Capital, LLC | Investment management | $22,822 | $0 |
| H&H Graphic Printing Communications | Copying and duplicating | $18,375 | $0 |
| Segal Select Insurance Services Inc. | Insurance agents and brokers | $0 | $13,411 |
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$571,228
- Actuarial fees$229,498
- Investment advisory and management fees$196,979
- Legal fees$60,000
- IQPA audit fees$49,700
- Trustee and custodial fees$9,943
- Total administrative expenses$1,117,348
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)$23.7M · 47.1%
- Corporate stocks$11.8M · 23.5%
- Corporate debt instruments$6.1M · 12.1%
- U.S. Government securities$5.9M · 11.7%
- Receivables$909K · 1.8%
- Buildings and other property used in plan operation$836K · 1.7%
- Common/collective trusts$648K · 1.3%
- Cash (interest and non-interest bearing)$433K · 0.9%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmSchultheis & Panettieri, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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)1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238900: Other Specialty Trade Contractors (including site preparation).
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Local 351 IBEW Pension Plan | Board of Trustees Local 351 Pension Fund | 3,230 | $541M | $167,638 |
| Plumbers Local 9 Pension Plan | Plumbers Local 9 Pension Fund | 1,867 | $307M | $164,493 |
| Ironworkers Local 11 Pension Fund | Ironworkers Local 11 Pension Fund Board of Trustees | 3,371 | $398M | $118,109 |
| U.A. Local Union No. 322 Pension Plan | Trustees, U.A. Local 322 Pension Fund | 1,733 | $144M | $82,837 |
| Refrigeration, A/c & Service Div. (Ua-Nj) Pension Plan | Refrigeration, A/c & Service Div. (Ua-Nj) Pension Fund | 3,374 | $410M | $121,467 |
| UA Plumbers Local 24 Pension Fund | Plumbers Pension Fund Local 24 Board of Trustees | 1,701 | $208M | $122,122 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Local 734 Pension Fund?
1,992 participants at the end of the plan year ending 30 Sep 2025, of whom 32 were active employees, with net assets of $48,176,860. 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 Board of Trustees Local 734 Pension Fund contribute per participant?
The filing reports $629,447 in employer contributions for the year, which is $19,670 per active participant; the median for plans of the same type and size was $10,593 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 $548,390 in compensation to service provider organisations, $275 per participant or 1.1% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,117,348. 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 Local 734 Pension Fund. Investment advisory or management: Morgan Stanley Graystone, Lord Abbett & Co., LLC and Atalanta Sosnoff Capital, LLC. Trustee or custodian: The Bank of New York Mellon. The financial statements were audited by Schultheis & Panettieri, 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. 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 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 28 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 22-6174132, plan 002, received 28 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.