Pennsylvania › Construction › 100 to 249 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Plasterers' Local No. 8 Annuity Fund
Sponsored by Trustees of Plasterers' Local No. 8 Annuity Fund, 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.
In the plan year ending 30 Apr 2025, Plasterers' Local No. 8 Annuity Fund covered 196 participants and held $16.5M in net assets. The plan is a defined contribution plan sponsored by Trustees of Plasterers' Local No. 8 Annuity Fund of Philadelphia, Pennsylvania. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $84,345 per participant, well above the $60,185 median for defined contribution plans with 100 to 249 participants and well above the $54,962 median for defined contribution plans in construction. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $990K during the year, or $5,720 per active participant against a same-size median of $2,447; participants contributed —. Benefits paid out totalled $2.4M.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $103K: $523 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $230K. 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 $12.3M in 2009 to $16.5M in 2024 (up 35%), and participants from 381 to 196 (down 49%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $84,345 | $60,185 | $54,962 | $53,102 |
| Employer contributions per active participant | $5,720 | $2,447 | $2,728 | $2,175 |
| Schedule C compensation per participant | $523 | $194 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.62% | 0.32% | 0.33% | 0.26% |
| Administrative expenses per participant | $1,173 | $176 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), construction (4,204) and all US plans (63,460). 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 | 196 | $16.5M | $84,347 | $990K | — | $103K |
| 2023 | 219 | $16.9M | $77,032 | $1.1M | — | $100K |
| 2022 | 224 | $15.7M | $70,085 | $877K | — | $99K |
| 2021 | 214 | $15.5M | $72,383 | $736K | — | $157K |
| 2020 | 219 | $15.7M | $71,539 | $724K | — | $50K |
| 2019 | 231 | $12.7M | $54,857 | $685K | — | $86K |
| 2018 | 251 | $13.5M | $53,865 | $771K | — | $76K |
| 2017 | 256 | $13.0M | $50,621 | $697K | — | $102K |
| 2016 | 240 | $12.4M | $51,633 | $735K | — | $55K |
| 2015 | 268 | $12.4M | $46,358 | $844K | — | $83K |
| 2014 | 256 | $12.9M | $50,309 | $620K | — | $79K |
| 2013 | 270 | $13.4M | $49,804 | $689K | — | $224K |
| 2012 | 284 | $12.5M | $44,049 | $662K | — | $228K |
| 2011 | 326 | $12.2M | $37,466 | $928K | — | $194K |
| 2010 | 328 | $12.4M | $37,854 | $738K | — | $99K |
| 2009 | 381 | $12.3M | $32,207 | $753K | — | $96K |
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$16,870,044
- Employer contributions$989,519
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$989,519
- Total income, including investment results$2,287,641
- Benefits paid$2,396,177
- Administrative expenses$229,841
- Total expenses$2,626,018
- Net income−$338,377
- Net transfers$0
- Net assets, end of year$16,531,667
Participants
- Active participants173
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits23
- Participants with account balances196
- Total participants, end of year196
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Empower Annuity Insurance Company | Other services | $43,949 | $0 |
| Investment Performance Services LLC | Investment management | $27,500 | $0 |
| Novak Francella, LLC | Accounting (including auditing) | $25,647 | $0 |
| MWM Law LLC | Legal | $5,406 | $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
- Salaries and allowances$73,489
- Investment advisory and management fees$71,449
- Other administrative expenses$35,388
- IQPA audit fees$22,428
- Legal fees$19,297
- Other trustee fees and expenses$4,571
- Recordkeeping fees$3,219
- Total administrative expenses$229,841
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$13.6M · 81.9%
- Insurance company general account$2.8M · 16.7%
- Cash (interest and non-interest bearing)$121K · 0.7%
- Receivables$114K · 0.7%
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 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
2AAge/service weighted or new comparability or similar plan2FERISA section 404(c) plan2GTotal participant-directed account plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 236200: Nonresidential Building Construction.
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| International Conveyor and Rubber, LLC 401(k) Plan | International Conveyor and Rubber, LLC | 196 | $3.3M | $16,945 |
| Youngblood Paving, Inc. Profit Sharing Plan | Youngblood Paving, Inc. | 196 | $10.5M | $53,461 |
| DVL Group, Inc. Employee Stock Ownership Plan | DVL Group, Inc. | 198 | $135M | $681,256 |
| Lobar Associates, Inc. Retirement Plan | Lobar Associates, Inc. | 190 | $11.8M | $61,970 |
| Dentech Industrial Salary Savings Plan | Dentech Industrial | 198 | $16.1M | $81,493 |
| York Excavating Co., LLC 401(k) Salary Savings Plan | York Excavating Co. LLC | 189 | $6.6M | $34,969 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Plasterers' Local No. 8 Annuity Fund?
196 participants at the end of the plan year ending 30 Apr 2025, of whom 173 were active employees, with net assets of $16,531,667. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Trustees of Plasterers' Local No. 8 Annuity Fund contribute per participant?
The filing reports $989,519 in employer contributions for the year, which is $5,720 per active participant; the median for plans of the same type and size was $2,447 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 $102,502 in compensation to service provider organisations, $523 per participant or 0.62% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $229,841. 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 Trustees of Plasterers' Local No. 8 Annuity Fund. Investment advisory or management: Investment Performance Services 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 May 2024 to 30 Apr 2025, received by the Department of Labor on 2 Feb 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 23-6929739, plan 001, received 2 Feb 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.