Pennsylvania › Finance and insurance › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Pitcairn Retirement Plan
Sponsored by Pitcairn Company, Conshohocken, 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.
In the plan year ending 31 Dec 2024, Pitcairn Retirement Plan covered 150 participants and held $37.4M in net assets. The plan is a defined benefit pension plan sponsored by Pitcairn Company of Conshohocken, Pennsylvania.
Net assets came to $249,275 per participant, well above the $80,635 median for defined benefit plans with 100 to 249 participants and well above the $119,983 median for defined benefit plans in finance and insurance. 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 $22K for the year ($1,573 per active participant) and benefits paid were $3.0M. 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 15 service provider organisations paid $5,000 or more, with reported compensation of $315K: $2,103 per participant, well above the same-size median of $451. Administrative expenses charged to the plan were $285K. 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 $33.9M in 2011 to $37.4M in 2024 (up 10%), and participants from 168 to 150 (down 11%).
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 | $249,275 | $80,635 | $119,983 | $86,221 |
| Employer contributions per active participant | $1,573 | $9,975 | $7,849 | $10,244 |
| Schedule C compensation per participant | $2,103 | $451 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.84% | 0.52% | 0.32% | 0.42% |
| Administrative expenses per participant | $1,903 | $582 | $433 | $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), finance and insurance (690) 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 | 150 | $37.4M | $249,273 | $22K | — | $315K |
| 2023 | 151 | $37.3M | $247,126 | — | — | $410K |
| 2022 | 151 | $36.0M | $238,728 | — | — | $325K |
| 2021 | 151 | $45.4M | $300,689 | — | — | $619K |
| 2020 | 153 | $42.8M | $279,575 | $1.5M | — | $321K |
| 2019 | 156 | $38.5M | $246,891 | $1.8M | — | $272K |
| 2018 | 159 | $33.5M | $210,484 | $1.2M | — | $252K |
| 2017 | 161 | $36.3M | $225,658 | $891K | — | $297K |
| 2016 | 164 | $33.5M | $204,506 | $397K | — | $206K |
| 2015 | 165 | $34.8M | $210,806 | $540K | — | $224K |
| 2014 | 166 | $38.1M | $229,795 | $591K | — | $273K |
| 2013 | 166 | $38.8M | $233,988 | $680K | — | $237K |
| 2012 | 168 | $35.6M | $212,024 | $581K | — | $201K |
| 2011 | 168 | $33.9M | $201,542 | $1.2M | — | $195K |
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$37,316,164
- Employer contributions$22,027
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$22,027
- Total income, including investment results$3,344,277
- Benefits paid$2,983,769
- Administrative expenses$285,489
- Total expenses$3,269,258
- Net income$75,019
- Net transfers$0
- Net assets, end of year$37,391,183
Participants
- Active participants14
- Retired or separated, receiving benefits84
- Retired or separated, entitled to future benefits41
- Total participants, end of year150
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Apex Group Ltd. | Investment management fees paid indirectly by plan | $0 | $48,982 |
| Milliman | Actuarial | $43,575 | $0 |
| TVV Capital | Investment management fees paid directly by plan | $0 | $36,884 |
| Partners Group Private Equity LLC | Investment management fees paid indirectly by plan | $0 | $32,396 |
| McNally Capital | Investment management fees paid indirectly by plan | $0 | $26,566 |
| Ben Franklin Technology Partners | Investment management fees paid indirectly by plan | $0 | $17,381 |
| Alpine Associates Management Inc. | Investment management fees paid indirectly by plan | $0 | $16,529 |
| Income Research & Management | Investment management fees paid indirectly by plan | $0 | $15,097 |
| Brown Advisory | Investment management fees paid indirectly by plan | $0 | $13,114 |
| Coho Partners, Ltd. | Investment management fees paid indirectly by plan | $0 | $12,247 |
| O'Shaughnessy Asset Management | Investment management fees paid directly by plan | $0 | $10,991 |
| Parametric Portfolio Associates | Investment management fees paid indirectly by plan | $0 | $10,223 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 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
- Other administrative expenses$115,837
- Investment advisory and management fees$98,456
- Actuarial fees$43,575
- IQPA audit fees$22,122
- Salaries and allowances$4,499
- Other trustee fees and expenses$1,000
- Total administrative expenses$285,489
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$17.8M · 47.7%
- Corporate debt instruments$8.0M · 21.3%
- Real estate$7.8M · 20.7%
- Registered investment companies (mutual funds)$3.2M · 8.5%
- Cash (interest and non-interest bearing)$673K · 1.8%
- Receivables$22K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $20,000,000
- 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
1ABenefits are primarily pay related3HPlan sponsor(s) is (are) a member(s) of a controlled group1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 523900: Other Financial Investment Activities (including portfolio management & investment advice).
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Farmers and Merchants Trust Company of Chambersburg Pension Plan | Farmers and Merchants Trust Company | 163 | $14.7M | $89,886 |
| The First National Bank and Trust Company of Newtown Pension Plan | The First National Bank and Trust Company of Newtown | 139 | $50.4M | $362,570 |
| Pennsylvania Compensation Rating Bureau Employee Retirement Plan | Pennsylvania Compensation Rating Bureau | 166 | $41.0M | $247,231 |
| Jersey Shore State Bank Retirement Plan | Jersey Shore State Bank | 127 | $25.5M | $200,413 |
| National Elevator Industry Fund Office Employees Defined Benefit Pension Plan | National Elevator Industry Fund Office Employees DB Pension Plan | 180 | $10.9M | $60,827 |
| First Citizens Community Bank Account Balance Pension Plan | First Citizens Community Bank | 115 | $11.9M | $103,412 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Pitcairn Retirement Plan?
150 participants at the end of the plan year ending 31 Dec 2024, of whom 14 were active employees, with net assets of $37,391,183. 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 Pitcairn Company contribute per participant?
The filing reports $22,027 in employer contributions for the year, which is $1,573 per active participant; the median for plans of the same type and size was $9,975 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 $315,490 in compensation to service provider organisations, $2,103 per participant or 0.84% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $285,489. 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 Pitcairn Company. 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 15 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 23-1209830, plan 002, received 15 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.