New Jersey › Manufacturing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Nov 2024 to 31 Oct 2025
Local Union 1158 I.B.E.W. Pension Fund - PA
Sponsored by Board of Trustees of the Local Union 1158 I.B.E.W. Pension Fund-Pa, Clifton, 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 31 Oct 2025, Local Union 1158 I.B.E.W. Pension Fund - PA covered 1,071 participants and held $33.8M in net assets. The plan is a defined benefit pension plan sponsored by Board of Trustees of the Local Union 1158 I.B.E.W. Pension Fund-Pa of Clifton, New Jersey. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $31,535 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 10 service provider organisations paid $5,000 or more, with reported compensation of $347K: $324 per participant, close to the same-size median of $325. Administrative expenses charged to the plan were $433K. 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 $17.4M in 2009 to $33.8M in 2024 (up 95%), and participants from 1,505 to 1,071 (down 29%).
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 | $31,535 | $87,935 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $6,915 | $10,244 |
| Schedule C compensation per participant | $324 | $325 | $299 | $344 |
| Schedule C compensation, share of net assets | 1.0% | 0.41% | 0.47% | 0.42% |
| Administrative expenses per participant | $405 | $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 | 1,071 | $33.8M | $31,535 | — | — | $347K |
| 2023 | 1,120 | $32.3M | $28,864 | — | — | $279K |
| 2022 | 1,140 | $28.7M | $25,147 | — | — | $269K |
| 2021 | 1,172 | $29.9M | $25,532 | — | — | $336K |
| 2020 | 1,201 | $37.4M | $31,107 | — | — | $372K |
| 2019 | 1,214 | $33.6M | $27,709 | — | — | $431K |
| 2018 | 1,220 | $35.0M | $28,680 | $7,000 | — | $534K |
| 2017 | 1,246 | $14.1M | $11,347 | $75K | — | $333K |
| 2016 | 1,314 | $15.6M | $11,904 | $507K | — | $291K |
| 2015 | 1,345 | $15.3M | $11,368 | $634K | — | $282K |
| 2014 | 1,368 | $16.8M | $12,307 | $826K | — | $314K |
| 2013 | 1,381 | $17.9M | $12,928 | $873K | — | $305K |
| 2012 | 1,403 | $17.7M | $12,589 | $919K | — | $293K |
| 2011 | 1,433 | $16.8M | $11,698 | $648K | — | $266K |
| 2010 | 1,492 | $16.9M | $11,307 | $538K | — | $306K |
| 2009 | 1,505 | $17.4M | $11,534 | $639K | — | $297K |
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$32,328,352
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$4,011,816
- Benefits paid$2,132,840
- Administrative expenses$433,349
- Total expenses$2,566,189
- Net income$1,445,627
- Net transfers$0
- Net assets, end of year$33,773,979
Participants
- Active participants0
- Retired or separated, receiving benefits552
- Retired or separated, entitled to future benefits467
- Total participants, end of year1,071
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Zenith American Solutions Inc. | Contract Administrator | $132,370 | $0 |
| Carella,byrne,cecchi,olstein,brody | Legal | $55,601 | $0 |
| The Segal Company | Actuarial | $55,263 | $0 |
| Morgan Stanley Graystone Consulting | Investment management | $24,338 | $0 |
| Novak Francella, LLC | Accounting (including auditing) | $20,600 | $0 |
| WCM Investment Management | Investment management | $16,379 | $0 |
| Morgan Stanley Smith Barney, LLC | Investment advisory (plan); Securities brokerage; Recordkeeping and information management; Other services | $15,293 | $0 |
| Stacey Braun Associates, Inc. | Investment management | $12,654 | $0 |
| PNC Bank, NA | Recordkeeping and information management | $9,059 | $0 |
| Susanin, Widman & Brennan, PC | Legal | $5,124 | $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
- Contract administrator fees$132,370
- Other administrative expenses$87,465
- Legal fees$60,725
- Investment advisory and management fees$60,198
- Actuarial fees$55,263
- IQPA audit fees$20,600
- Trustee and custodial fees$15,293
- Other trustee fees and expenses$1,435
- Total administrative expenses$433,349
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)$12.7M · 37.6%
- U.S. Government securities$5.7M · 16.9%
- Common/collective trusts$5.2M · 15.2%
- Corporate stocks$4.5M · 13.2%
- Corporate debt instruments$3.9M · 11.4%
- Cash (interest and non-interest bearing)$1.9M · 5.6%
- Receivables$27K · 0.1%
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, $500,000
- 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 335900: Other Electrical Equipment & Component Mfg.
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Mannington Pension Plan and Trust | Mannington Mills, Inc. | 1,107 | $75.2M | $67,891 |
| Pension Plan for Employees of Givaudan | Givaudan Fragrances Corporation | 1,061 | $215M | $202,427 |
| Schindler Elevator Corporation Retirement Plan | Schindler Elevator Corporation | 1,114 | $109M | $97,895 |
| As America Brands, Inc. Pension Plan | As America, Inc. | 1,034 | $32.5M | $31,466 |
| Pension Plan for Employees of Sun Chemical (Who Are Members of Participating Unions) | Sun Chemical Corporation | 1,154 | $35.9M | $31,105 |
| B&G Foods Pension Plan | B&G Foods North America, Inc. | 1,030 | $88.1M | $85,550 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Local Union 1158 I.B.E.W. Pension Fund - PA?
1,071 participants at the end of the plan year ending 31 Oct 2025, of whom 0 were active employees, with net assets of $33,773,979. 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 of the Local Union 1158 I.B.E.W. Pension Fund-Pa 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 $346,681 in compensation to service provider organisations, $324 per participant or 1.0% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $433,349. 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 of the Local Union 1158 I.B.E.W. Pension Fund-Pa. Recordkeeping or administration: Zenith American Solutions Inc., Morgan Stanley Smith Barney, LLC and PNC Bank, NA. Investment advisory or management: Morgan Stanley Graystone Consulting, WCM Investment Management and Morgan Stanley Smith Barney, LLC. 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 Nov 2024 to 31 Oct 2025, received by the Department of Labor on 15 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 23-2009068, plan 001, received 15 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.