New York › Administrative and support and waste management services › 500 to 999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
I.B.E.W. Local #910 Annuity Fund
Sponsored by Trustees of the I.B.E.W. Local 910 Annuity Fund, Watertown, 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.
Trustees of the I.B.E.W. Local 910 Annuity Fund of Watertown, New York sponsors I.B.E.W. Local #910 Annuity Fund, a profit-sharing plan. Its Form 5500 for the plan year ending 30 Jun 2025 shows 813 participants (409 active) and $79.4M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $97,636 per participant, well above the $46,267 median for defined contribution plans with 500 to 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 $3.6M during the year, or $8,754 per active participant against a same-size median of $1,934; participants contributed —. Benefits paid out totalled $3.8M.
Schedule C lists 10 service provider organisations paid $5,000 or more, with reported compensation of $464K: $571 per participant, well above the same-size median of $113. Administrative expenses charged to the plan were $514K. 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 $20.5M in 2009 to $79.4M in 2024 (up 288%), and participants from 673 to 813 (up 21%).
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 | $97,636 | $46,267 | $24,581 | $53,102 |
| Employer contributions per active participant | $8,754 | $1,934 | $1,302 | $2,175 |
| Schedule C compensation per participant | $571 | $113 | $98.48 | $123 |
| Schedule C compensation, share of net assets | 0.58% | 0.25% | 0.44% | 0.26% |
| Administrative expenses per participant | $632 | $109 | $95.90 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 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 | 813 | $79.4M | $97,636 | $3.6M | — | $464K |
| 2023 | 756 | $72.2M | $95,522 | $3.2M | — | $418K |
| 2022 | 738 | $64.3M | $87,183 | $3.2M | — | $371K |
| 2021 | 730 | $61.6M | $84,325 | $3.3M | — | $408K |
| 2020 | 738 | $65.6M | $88,900 | $3.0M | — | $359K |
| 2019 | 897 | $53.2M | $59,319 | $2.7M | — | $319K |
| 2018 | 879 | $48.6M | $55,334 | $2.8M | — | $307K |
| 2017 | 870 | $44.4M | $51,041 | $2.5M | — | $293K |
| 2016 | 846 | $40.2M | $47,560 | $2.4M | — | $288K |
| 2015 | 804 | $35.7M | $44,393 | $2.0M | — | $218K |
| 2014 | 792 | $35.4M | $44,643 | $2.0M | — | $185K |
| 2013 | 763 | $34.9M | $45,678 | $1.7M | — | $156K |
| 2012 | 665 | $29.4M | $44,141 | $1.8M | — | $128K |
| 2011 | 673 | $25.5M | $37,932 | $1.7M | — | $223K |
| 2010 | 667 | $24.4M | $36,573 | $1.7M | — | $252K |
| 2009 | 673 | $20.5M | $30,437 | $1.8M | — | $116K |
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$72,214,560
- Employer contributions$3,580,182
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$3,580,182
- Total income, including investment results$11,507,419
- Benefits paid$3,830,232
- Administrative expenses$513,895
- Total expenses$4,344,127
- Net income$7,163,292
- Net transfers$0
- Net assets, end of year$79,377,852
Participants
- Active participants409
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits404
- Participants with account balances813
- Total participants, end of year813
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| C.S. McKee LP | Investment management | $70,044 | $0 |
| Manning & Napier | Investment management | $69,764 | $0 |
| Seizert Capital LLP | Investment management | $63,418 | $0 |
| National Real Estate Advisors LLC | Investment management | $61,575 | $0 |
| Wedgewood Partners Inc. | Investment management | $60,586 | $0 |
| Hightower Advisors Morgia Group | Investment advisory (plan) | $50,900 | $0 |
| Community Bank NA | Custodial (securities) | $34,507 | $0 |
| Blitman & King LLP | Legal | $22,286 | $0 |
| D'Arcangelo & Co., LLP | Accounting (including auditing) | $20,000 | $0 |
| Stackel & Navarra CPA PC | Accounting (including auditing) | $10,800 | $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$410,794
- Other administrative expenses$61,599
- Legal fees$21,502
- IQPA audit fees$20,000
- Total administrative expenses$513,895
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.
- Corporate stocks$45.7M · 57.5%
- U.S. Government securities$15.7M · 19.8%
- Corporate debt instruments$7.6M · 9.5%
- Partnership/joint venture interests$5.6M · 7.1%
- Cash (interest and non-interest bearing)$1.8M · 2.3%
- Participant loans$1.3M · 1.7%
- Other investments$1.1M · 1.4%
- Receivables$574K · 0.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmD'Arcangelo & Co., LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,000,000
- 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
2EProfit-sharing 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 |
|---|---|---|---|---|
| Venture Forthe, Inc. 401(k) Plan | Venture Forthe, Inc. | 817 | $4.9M | $6,022 |
| Center for Employment Opportunities Tax Sheltered Annuity Plan | Center for Employment Opportunities | 786 | $14.8M | $18,787 |
| Aero Operating LLC 401(k) Profit Sharing Plan and Trust | Aero Operating LLC | 864 | $24.4M | $28,230 |
| Convene 401(k) Profit Sharing Plan | Sentry Centers Holdings LLC | 772 | $18.2M | $23,612 |
| The Solomon-Page Group, LLC 401(k) Savings Plan | The Solomon-Page Group, LLC | 867 | $45.5M | $52,442 |
| Axelon Services Corporation 401(k) Profit Sharing Plan | Axelon Services Corporation | 771 | $18.1M | $23,457 |
Defined contribution plans in administrative and support and waste management services closest in size.
Questions and answers
How big is I.B.E.W. Local #910 Annuity Fund?
813 participants at the end of the plan year ending 30 Jun 2025, of whom 409 were active employees, with net assets of $79,377,852. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Trustees of the I.B.E.W. Local 910 Annuity Fund contribute per participant?
The filing reports $3,580,182 in employer contributions for the year, which is $8,754 per active participant; the median for plans of the same type and size was $1,934 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 $463,880 in compensation to service provider organisations, $571 per participant or 0.58% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $513,895. 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 Trustees of the I.B.E.W. Local 910 Annuity Fund. Investment advisory or management: C.S. McKee LP, Manning & Napier and Seizert Capital LLP. Trustee or custodian: Community Bank NA. The financial statements were audited by D'Arcangelo & Co., 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 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 22-6447520, plan 002, 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.