Pennsylvania › Information › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Newspaper and Magazine Employees Union and Philadelphia Publishers Pension Plan
Sponsored by Newspaper and Magazine Employees Union and Philadelphia Publishers Pen, Southeastern, 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.
Newspaper and Magazine Employees Union and Philadelphia Publishers Pen of Southeastern, Pennsylvania sponsors Newspaper and Magazine Employees Union and Philadelphia Publishers Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2025 shows 427 participants and $258K in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $796 per participant in plan year 2024, well below the $87,254 median for defined benefit plans with 250 to 499 participants and well below the $76,035 median for defined benefit plans in information. 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 4 service provider organisations paid $5,000 or more, with reported compensation of $112K: $261 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $137K. 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 $55.6M in 2009 to $258K in 2025 (down 100%), and participants from 900 to 427 (down 53%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $796 | $87,254 | $76,035 | $86,221 |
| Employer contributions per active participant | — | $11,032 | $7,015 | $10,244 |
| Schedule C compensation per participant | $540 | $413 | $354 | $344 |
| Schedule C compensation, share of net assets | 67.9% | 0.51% | 0.46% | 0.42% |
| Administrative expenses per participant | $617 | $596 | $671 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), information (147) 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 |
|---|---|---|---|---|---|---|
| 2025 | 427 | $258K | $604 | — | — | $112K |
| 2024 | 442 | $352K | $796 | — | — | $239K |
| 2023 | 456 | $141K | $309 | — | — | $154K |
| 2022 | 489 | $5.9M | $11,973 | — | — | $168K |
| 2021 | 505 | $14.7M | $29,030 | — | — | $152K |
| 2020 | 524 | $19.5M | $37,273 | — | — | $153K |
| 2019 | 551 | $24.6M | $44,686 | — | — | $174K |
| 2018 | 572 | $27.5M | $48,047 | — | — | $312K |
| 2017 | 590 | $36.9M | $62,559 | — | — | $397K |
| 2016 | 618 | $41.1M | $66,489 | — | — | $436K |
| 2015 | 1,292 | $46.1M | $35,714 | — | — | $468K |
| 2014 | 661 | $54.9M | $83,050 | — | — | $517K |
| 2013 | 684 | $58.7M | $85,749 | — | — | $499K |
| 2012 | 706 | $57.0M | $80,762 | — | — | $435K |
| 2011 | 735 | $58.7M | $79,837 | $3.2M | — | $484K |
| 2010 | 827 | $61.8M | $74,701 | $7.7M | — | $544K |
| 2009 | 900 | $55.6M | $61,812 | $3.9M | — | $482K |
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$351,858
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$2,489,504
- Benefits paid$2,446,960
- Administrative expenses$136,844
- Total expenses$2,583,804
- Net income−$94,300
- Net transfers$0
- Net assets, end of year$257,558
Participants
- Active participants—
- Retired or separated, receiving benefits335
- Retired or separated, entitled to future benefits92
- Total participants, end of year427
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Phoenix Benefit Administrators LLC | Contract Administrator; Recordkeeping and information management | $48,477 | $0 |
| The McKeogh Company | Actuarial | $25,000 | $0 |
| Meranze, Katz & Gaudioso PC | Legal | $24,000 | $0 |
| Bacheler & Company PC | Accounting (including auditing) | $14,083 | $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$48,477
- Other administrative expenses$32,673
- Actuarial fees$25,000
- Legal fees$24,000
- Trustee and custodial fees$3,694
- Other trustee fees and expenses$3,000
- Total administrative expenses$136,844
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.
- Cash (interest and non-interest bearing)$767K · 84.0%
- Receivables$146K · 16.0%
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, $500,000
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)1IFrozen plan1LCode not in the current Form 5500 instructions
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 511110: Newspaper Publishers.
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Teamsters Local 211 Pension Fund | JT BD of Admin Teamsters Local 211 Pension Fund | 575 | $54.3M | $94,426 |
| PG Publishing Company Merged Union Pension Plan | PG Publishing Company | 633 | $51.6M | $81,540 |
| Pension Plan for Bargaining Unit Employees of Nextiraone LLC | Delaney Telecom, Inc. | 674 | $41.1M | $60,972 |
Defined benefit plans in information closest in size.
Questions and answers
How big is Newspaper and Magazine Employees Union and Philadelphia Publishers Pension Plan?
427 participants at the end of the plan year ending 31 Dec 2025, with net assets of $257,558. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Newspaper and Magazine Employees Union and Philadelphia Publishers Pen 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 $111,560 in compensation to service provider organisations, $261 per participant or 43.3% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $136,844. 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 Newspaper and Magazine Employees Union and Philadelphia Publishers Pen. Recordkeeping or administration: Phoenix Benefit Administrators LLC. 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 2025 to 31 Dec 2025, received by the Department of Labor on 17 Aug 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 23-6626973, plan 001, received 17 Aug 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.