Pennsylvania › Transportation and warehousing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Warehouse Employees Union Local 169 and Employers Joint Pension Fund
Sponsored by Warehouse Employees Union Local 169 and Employers Joint Pension Fund, Elkins Park, 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.
Warehouse Employees Union Local 169 and Employers Joint Pension Fund of Elkins Park, Pennsylvania sponsors Warehouse Employees Union Local 169 and Employers Joint Pension Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 2,118 participants (373 active) and $43.0M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $20,321 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $94,853 median for defined benefit plans in transportation and warehousing. 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 $6.8M for the year ($18,129 per active participant) and benefits paid were $13.1M. 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 7 service provider organisations paid $5,000 or more, with reported compensation of $483K: $228 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $746K. 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 $85.0M in 2009 to $43.0M in 2024 (down 49%), and participants from 5,128 to 2,118 (down 59%).
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 | $20,321 | $87,935 | $94,853 | $86,221 |
| Employer contributions per active participant | $18,129 | $10,593 | $12,821 | $10,244 |
| Schedule C compensation per participant | $228 | $325 | $425 | $344 |
| Schedule C compensation, share of net assets | 1.1% | 0.41% | 0.43% | 0.42% |
| Administrative expenses per participant | $352 | $513 | $650 | $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), transportation and warehousing (227) 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 | 2,118 | $43.0M | $20,321 | $6.8M | — | $483K |
| 2023 | 3,461 | $45.1M | $13,035 | $5.8M | — | $447K |
| 2022 | 3,609 | $47.3M | $13,103 | $6.1M | — | $472K |
| 2021 | 3,865 | $61.2M | $15,839 | $6.0M | — | $492K |
| 2020 | 3,958 | $60.3M | $15,242 | $6.0M | — | $676K |
| 2019 | 4,080 | $64.5M | $15,811 | $7.6M | — | $748K |
| 2018 | 4,221 | $60.1M | $14,227 | $7.4M | — | $814K |
| 2017 | 4,400 | $72.3M | $16,423 | $8.0M | — | $949K |
| 2016 | 4,511 | $70.1M | $15,538 | $6.9M | — | $902K |
| 2015 | 4,558 | $72.5M | $15,901 | $6.0M | — | $891K |
| 2014 | 2,045 | $82.1M | $40,170 | $7.2M | — | $924K |
| 2013 | 4,636 | $86.4M | $18,626 | $16.6M | — | $893K |
| 2012 | 4,831 | $72.0M | $14,897 | $6.9M | — | $899K |
| 2011 | 4,844 | $74.1M | $15,296 | $5.5M | — | $898K |
| 2010 | 5,089 | $83.9M | $16,478 | $5.8M | — | $1.0M |
| 2009 | 5,128 | $85.0M | $16,570 | $6.1M | — | $994K |
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$45,113,991
- Employer contributions$6,761,993
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$6,761,993
- Total income, including investment results$11,746,400
- Benefits paid$13,073,509
- Administrative expenses$746,405
- Total expenses$13,819,914
- Net income−$2,073,514
- Net transfers$0
- Net assets, end of year$43,040,477
Participants
- Active participants373
- Retired or separated, receiving benefits1,590
- Retired or separated, entitled to future benefits155
- Total participants, end of year2,118
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Zenith American Solutions | Contract Administrator; Recordkeeping and information management | $179,553 | $0 |
| The McKeogh Company | Actuarial | $161,989 | $0 |
| Cooke and Beiler LP | Investment management | $79,175 | $0 |
| RBC Wealth Management | Consulting (pension) | $30,000 | $0 |
| Loop Capital LLC | Investment management | $20,853 | $0 |
| Amalgamated Bank | Custodial (securities) | $11,724 | $0 |
| Bacheler & Company PC | Accounting (including auditing) | $0 | $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
- Other administrative expenses$237,199
- Contract administrator fees$179,553
- Actuarial fees$161,989
- Investment advisory and management fees$141,634
- Legal fees$26,030
- Total administrative expenses$746,405
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$14.7M · 33.9%
- Corporate stocks$12.6M · 29.1%
- U.S. Government securities$5.5M · 12.6%
- Corporate debt instruments$4.4M · 10.1%
- Cash (interest and non-interest bearing)$3.4M · 7.8%
- Receivables$2.8M · 6.6%
- Registered investment companies (mutual funds)$62 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBacheler & Company PC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 493100: Warehousing & Storage (except lessors of miniwarehouses & self-storage units).
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Teamsters Local 830 Pension Plan | Teamsters Local 830 Pension Plan | 2,247 | $188M | $83,790 |
| Teamsters Local Union No. 115 Pension Plan | Teamsters Local Union NO.115 Pension Plan | 2,097 | $131M | $62,268 |
| Southwestern Pennsylvania & Western Maryland Area Teamsters & Employers Pension Fund | BD of Trust SW. PA & W. Md. Area Teamsters & Employers Pension Fund | 2,598 | $150M | $57,874 |
| Local 837 Pension Plan | Local 837 Pension Plan Board of Trustees | 1,298 | $20.4M | $15,748 |
| Supplemental Pension Plan of Consolidated Rail Corporation | Consolidated Rail Corporation | 3,905 | $264M | $67,699 |
| Philadelphia Marine Trade Association International Longshoremen's Accociation Pension Fund | Pmta / Ila - Pension Fund | 1,006 | $102M | $101,545 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Warehouse Employees Union Local 169 and Employers Joint Pension Fund?
2,118 participants at the end of the plan year ending 31 Dec 2024, of whom 373 were active employees, with net assets of $43,040,477. 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 Warehouse Employees Union Local 169 and Employers Joint Pension Fund contribute per participant?
The filing reports $6,761,993 in employer contributions for the year, which is $18,129 per active participant; the median for plans of the same type and size was $10,593 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 $483,294 in compensation to service provider organisations, $228 per participant or 1.1% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $746,405. 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 Warehouse Employees Union Local 169 and Employers Joint Pension Fund. Recordkeeping or administration: Zenith American Solutions. Investment advisory or management: Cooke and Beiler LP and Loop Capital LLC. Trustee or custodian: Amalgamated Bank. The financial statements were audited by Bacheler & Company PC. 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 23-6230368, plan 001, 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.