New Jersey › Administrative and support and waste management services › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Local 68 Engineers Union Annuity Plan
Sponsored by Local 68 Engineers Union Annuity Fund Board of Trustees, West Caldwell, 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.
In the plan year ending 30 Jun 2025, Local 68 Engineers Union Annuity Plan covered 7,033 participants and held $971M in net assets. The plan is a money purchase plan sponsored by Local 68 Engineers Union Annuity Fund Board of Trustees of West Caldwell, New Jersey. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $138,081 per participant, well above the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $24,581 median for defined contribution 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.
The employer contributed $38.2M during the year, or $6,884 per active participant against a same-size median of $2,424; participants contributed —. Benefits paid out totalled $58.4M.
Schedule C lists 13 service provider organisations paid $5,000 or more, with reported compensation of $2.2M: $313 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $2.3M. 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 $395M in 2009 to $971M in 2024 (up 146%), and participants from 5,257 to 7,033 (up 34%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $138,081 | $64,499 | $24,581 | $53,102 |
| Employer contributions per active participant | $6,884 | $2,424 | $1,302 | $2,175 |
| Schedule C compensation per participant | $313 | $53.38 | $98.48 | $123 |
| Schedule C compensation, share of net assets | 0.23% | 0.09% | 0.44% | 0.26% |
| Administrative expenses per participant | $321 | $54.85 | $95.90 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), administrative and support and waste management services (1,682) and all US plans (63,460). 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 | 7,033 | $971M | $138,081 | $38.2M | — | $2.2M |
| 2023 | 6,836 | $913M | $133,576 | $38.0M | — | $1.7M |
| 2022 | 6,602 | $871M | $131,952 | $36.4M | — | $1.9M |
| 2021 | 7,037 | $854M | $121,328 | $35.4M | — | $2.1M |
| 2020 | 6,657 | $919M | $137,979 | $34.3M | — | $1.9M |
| 2019 | 6,538 | $760M | $116,211 | $34.0M | — | $2.0M |
| 2018 | 7,183 | $738M | $102,743 | $35.2M | — | $1.5M |
| 2017 | 6,832 | $691M | $101,095 | $32.7M | — | $1.4M |
| 2016 | 6,298 | $645M | $102,489 | $31.4M | — | $878K |
| 2015 | 5,618 | $591M | $105,281 | $30.7M | — | $1.1M |
| 2014 | 5,279 | $597M | $113,048 | $29.7M | — | $892K |
| 2013 | 5,175 | $577M | $111,586 | $29.9M | — | $979K |
| 2012 | 5,110 | $520M | $101,796 | $29.4M | — | $936K |
| 2011 | 4,992 | $479M | $95,884 | $27.7M | — | $802K |
| 2010 | 4,831 | $458M | $94,891 | $30.3M | — | $979K |
| 2009 | 5,257 | $395M | $75,203 | $30.3M | $230K | $916K |
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$913,127,802
- Employer contributions$38,152,590
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$38,152,590
- Total income, including investment results$118,626,471
- Benefits paid$58,371,015
- Administrative expenses$2,259,836
- Total expenses$60,630,851
- Net income$57,995,620
- Net transfers$0
- Net assets, end of year$971,123,422
Participants
- Active participants5,542
- Retired or separated, receiving benefits303
- Retired or separated, entitled to future benefits938
- Participants with account balances7,033
- Total participants, end of year7,033
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Chartwell Investment PTRS | Investment management | $609,306 | $0 |
| Great Lakes Advisors | Investment management | $438,373 | $0 |
| Investment Performance SVCS LLC | Consulting (general); Investment advisory (plan) | $267,500 | $0 |
| Hardman Johnston Global Advisors | Investment management | $190,695 | $0 |
| Wedge Capital Management LLP | Investment management | $177,311 | $0 |
| Local 68 Eng Union Welfare FD | Contract Administrator | $166,090 | $0 |
| Local 68 Eng Union Education FD | Contract Administrator | $131,324 | $0 |
| Comerica Bank | Custodial (securities) | $87,860 | $0 |
| Bridgeway Benefit Technologies | Recordkeeping and information management | $39,060 | $0 |
| The Northern Trust Company | Investment management | $38,669 | $0 |
| MSPC | Accounting (including auditing) | $20,000 | $0 |
| Wasilewski & Keating PC | Accounting (including auditing) | $19,800 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 1 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$1,734,591
- Contract administrator fees$297,414
- Other administrative expenses$102,205
- Trustee and custodial fees$93,626
- IQPA audit fees$20,000
- Legal fees$12,000
- Total administrative expenses$2,259,836
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$252M · 26.0%
- Partnership/joint venture interests$199M · 20.5%
- Corporate debt instruments$152M · 15.6%
- 103-12 investment entities$109M · 11.2%
- Corporate stocks$80.3M · 8.3%
- Other investments$76.4M · 7.9%
- U.S. Government securities$62.7M · 6.5%
- Cash (interest and non-interest bearing)$33.8M · 3.5%
- Pooled separate accounts$4.3M · 0.4%
- Insurance company general account$1.1M · 0.1%
- Receivables$50K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmMSPC
- 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
2CMoney purchase (other than target benefit) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561210: Facilities Support Services.
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Kuehne & Nagel 401(k) Plan | Kuehne & Nagel Inc. | 8,521 | $552M | $64,822 |
| America's Healthcare Employee Retirement PEP | Plan Professionals, LLC | 6,527 | $18.9M | $2,902 |
| Your 401(k) Plan | Plan Professionals, LLC | 8,694 | $46.1M | $5,299 |
| Accruewise PEP | Plan Professionals, LLC | 5,874 | $129M | $21,955 |
| Extensis Group Retirement Savings Plan | Extensis Group, LLC | 14,468 | $682M | $47,144 |
| Premier 401(k) Pooled Employer Plan | Plan Professionals, LLC | 5,366 | $16.6M | $3,096 |
Defined contribution plans in administrative and support and waste management services closest in size.
Questions and answers
How big is Local 68 Engineers Union Annuity Plan?
7,033 participants at the end of the plan year ending 30 Jun 2025, of whom 5,542 were active employees, with net assets of $971,123,422. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Local 68 Engineers Union Annuity Fund Board of Trustees contribute per participant?
The filing reports $38,152,590 in employer contributions for the year, which is $6,884 per active participant; the median for plans of the same type and size was $2,424 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 $2,197,988 in compensation to service provider organisations, $313 per participant or 0.23% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $2,259,836. 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 Local 68 Engineers Union Annuity Fund Board of Trustees. Recordkeeping or administration: Local 68 Eng Union Welfare FD, Local 68 Eng Union Education FD and Bridgeway Benefit Technologies. Investment advisory or management: Chartwell Investment PTRS, Great Lakes Advisors and Investment Performance SVCS LLC. Trustee or custodian: Comerica Bank. The financial statements were audited by MSPC. 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 22-6289939, 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.