Pennsylvania › Manufacturing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Usw District 10, Local 286, Pension Plan
Sponsored by Board of Trustees Usw District 10,LOCAL 286,, Philadelphia, PA
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.
Usw District 10, Local 286, Pension Plan is a defined benefit pension plan sponsored by Board of Trustees Usw District 10,LOCAL 286, of Philadelphia, Pennsylvania. For the plan year ending 31 Dec 2024 it reported 4,012 participants, 0 of them active, and net assets of $72.2M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $17,984 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 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 14 service provider organisations paid $5,000 or more, with reported compensation of $926K: $231 per participant, well 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 $52.3M in 2009 to $72.2M in 2024 (up 38%), and participants from 5,173 to 4,012 (down 22%).
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 | $17,984 | $87,935 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $6,915 | $10,244 |
| Schedule C compensation per participant | $231 | $325 | $299 | $344 |
| Schedule C compensation, share of net assets | 1.3% | 0.41% | 0.47% | 0.42% |
| Administrative expenses per participant | $277 | $513 | $498 | $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), 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 | 4,012 | $72.2M | $17,984 | — | — | $926K |
| 2023 | 4,074 | $72.7M | $17,836 | — | — | $1.0M |
| 2022 | 4,132 | $72.8M | $17,608 | — | — | $917K |
| 2021 | 4,176 | $83.7M | $20,031 | — | — | $963K |
| 2020 | 4,234 | $77.5M | $18,299 | — | — | $777K |
| 2019 | 4,316 | $76.5M | $17,722 | — | — | $819K |
| 2018 | 4,399 | $71.5M | $16,250 | — | — | $797K |
| 2017 | 4,462 | $76.4M | $17,132 | — | — | $788K |
| 2016 | 4,542 | $72.3M | $15,918 | — | — | $499K |
| 2015 | 4,931 | $70.5M | $14,290 | — | — | $580K |
| 2014 | 4,674 | $62.8M | $13,444 | — | — | $753K |
| 2013 | 4,751 | $62.2M | $13,094 | $4,000 | — | $605K |
| 2012 | 4,812 | $56.2M | $11,684 | $179K | — | $791K |
| 2011 | 4,904 | $54.1M | $11,029 | $1.2M | — | $745K |
| 2010 | 5,013 | $54.4M | $10,854 | $1.5M | — | $685K |
| 2009 | 5,173 | $52.3M | $10,104 | $2.1M | — | $576K |
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$72,662,905
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions$2,009,543
- Total contributions$2,009,543
- Total income, including investment results$7,489,891
- Benefits paid$6,890,234
- Administrative expenses$1,111,111
- Total expenses$8,001,345
- Net income−$511,454
- Net transfers$0
- Net assets, end of year$72,151,451
Participants
- Active participants0
- Retired or separated, receiving benefits1,784
- Retired or separated, entitled to future benefits1,675
- Total participants, end of year4,012
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Usw District 10 Local 286 Union | Plan Administrator | $471,433 | $0 |
| Boyd Watterson Asset Management | Investment management | $122,568 | $0 |
| Chartwell Investment Partners LLC | Investment management | $70,575 | $0 |
| Investment Performance Services, LL | Investment management | $50,000 | $0 |
| Spear Wilderman, P.C. | Legal | $32,000 | $0 |
| Sobol Law Group P.C. | Legal | $32,000 | $0 |
| Great Lakes Advisors, LLC | Investment management | $28,467 | $0 |
| Wedge Capital Management, LLP | Investment management | $27,938 | $0 |
| CBIZ, Inc. | Actuarial | $23,575 | $0 |
| Asb Capital Management, LLC | Investment management | $21,546 | $0 |
| Novak Francella LLC | Accounting (including auditing) | $17,514 | $0 |
| Xpan Law Partners, LLC | Consulting (general) | $10,800 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 2 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
- Salaries and allowances$337,374
- Investment advisory and management fees$331,869
- Other administrative expenses$328,482
- Legal fees$64,000
- Actuarial fees$23,575
- IQPA audit fees$17,514
- Trustee and custodial fees$7,257
- Other trustee fees and expenses$1,040
- Total administrative expenses$1,111,111
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$22.2M · 30.8%
- Corporate debt instruments$17.2M · 23.8%
- Partnership/joint venture interests$16.4M · 22.7%
- U.S. Government securities$7.3M · 10.1%
- Corporate stocks$5.1M · 7.1%
- Cash (interest and non-interest bearing)$2.4M · 3.3%
- Other investments$1.1M · 1.5%
- Receivables$437K · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmNovak Francella, LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the year—
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 322100: Pulp, Paper, & Paperboard Mills.
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Pension Plan for Certain Hourly Ees of Alcoa USA Corp. | Alcoa USA Corp. | 4,018 | $409M | $101,800 |
| General Retirement Plan for Employees of Carpenter Technology Corporation | Carpenter Technology Corporation | 3,513 | $431M | $122,805 |
| Arconic Corp. Pension Plan a | Arconic Corporation | 4,139 | $539M | $130,246 |
| Employees' Retirement Plan of Ametek, Inc. | Ametek, Inc. | 3,502 | $519M | $148,200 |
| Harsco Employees Pension Plan | Enviri Corporation | 4,249 | $183M | $43,158 |
| B. Braun Medical, Inc. Pension Plan | B. Braun Medical, Inc. | 3,129 | $102M | $32,669 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Usw District 10, Local 286, Pension Plan?
4,012 participants at the end of the plan year ending 31 Dec 2024, of whom 0 were active employees, with net assets of $72,151,451. 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 Usw District 10,LOCAL 286, 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 $926,446 in compensation to service provider organisations, $231 per participant or 1.3% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,111,111. 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 Usw District 10,LOCAL 286,. Recordkeeping or administration: Usw District 10 Local 286 Union. Investment advisory or management: Boyd Watterson Asset Management, Chartwell Investment Partners LLC and Investment Performance Services, LL. The financial statements were audited by Novak Francella, LLC. 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 12 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 23-0630051, plan 001, received 12 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.