Pennsylvania › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
Laborers' International Union of North America Local Union Number 130, Annuity Fund
Sponsored by Board of Trustees of Local Union Number 130, Annuity Fund, Scranton, 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.
Laborers' International Union of North America Local Union Number 130, Annuity Fund is a profit-sharing plan sponsored by Board of Trustees of Local Union Number 130, Annuity Fund of Scranton, Pennsylvania. For the plan year ending 31 May 2025 it reported 522 participants, 492 of them active, and net assets of $12.3M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $23,512 per participant, well below the $46,267 median for defined contribution plans with 500 to 999 participants and well below 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 $302K during the year, or $614 per active participant against a same-size median of $1,934; participants contributed —. Benefits paid out totalled $3.2M.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $71K: $135 per participant, above the same-size median of $113. Administrative expenses charged to the plan were $87K. 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 $15.6M in 2009 to $12.3M in 2024 (down 21%), and participants from 1,363 to 522 (down 62%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $23,512 | $46,267 | $54,962 | $53,102 |
| Employer contributions per active participant | $614 | $1,934 | $2,728 | $2,175 |
| Schedule C compensation per participant | $135 | $113 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.57% | 0.25% | 0.33% | 0.26% |
| Administrative expenses per participant | $166 | $109 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 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 | 522 | $12.3M | $23,511 | $302K | — | $71K |
| 2023 | 1,537 | $14.0M | $9,101 | $241K | — | $210K |
| 2022 | 1,563 | $14.1M | $9,014 | $289K | — | $227K |
| 2021 | 1,523 | $15.3M | $10,035 | $494K | — | $240K |
| 2020 | 1,502 | $16.8M | $11,194 | $532K | — | $217K |
| 2019 | 1,439 | $14.8M | $10,277 | $583K | — | $221K |
| 2018 | 1,336 | $14.9M | $11,160 | $654K | — | $213K |
| 2017 | 1,282 | $15.9M | $12,371 | $728K | — | $195K |
| 2016 | 1,213 | $16.2M | $13,366 | $768K | — | $207K |
| 2015 | 1,111 | $15.7M | $14,160 | $512K | — | $251K |
| 2014 | 891 | $15.7M | $17,616 | $339K | — | $252K |
| 2013 | 1,461 | $16.1M | $11,028 | $259K | — | $192K |
| 2012 | 1,445 | $16.2M | $11,237 | $253K | — | $206K |
| 2011 | 1,467 | $15.6M | $10,614 | $272K | — | $18K |
| 2010 | 1,428 | $17.0M | $11,883 | $264K | — | $17K |
| 2009 | 1,363 | $15.6M | $11,437 | $220K | — | $165K |
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$13,988,578
- Employer contributions$302,280
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$302,280
- Total income, including investment results$1,607,728
- Benefits paid$3,236,592
- Administrative expenses$86,590
- Total expenses$3,323,182
- Net income−$1,715,454
- Net transfers$0
- Net assets, end of year$12,273,124
Participants
- Active participants492
- Retired or separated, receiving benefits13
- Retired or separated, entitled to future benefits8
- Participants with account balances522
- Total participants, end of year522
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| CAPTRUST Financial Advisors | Investment advisory (plan) | $26,326 | $0 |
| Lawrence C. Musgrove Associates | Contract Administrator | $16,373 | $0 |
| Alan Ross & Company PC | Accounting (including auditing) | $15,186 | $0 |
| John Hancock Trust Company, LLC | Custodial (securities) | $6,598 | $0 |
| Baratz & Associates PA | Accounting (including auditing) | $6,020 | $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
- Investment advisory and management fees$32,925
- IQPA audit fees$21,206
- Contract administrator fees$16,373
- Other administrative expenses$10,927
- Trustee and custodial fees$3,154
- Legal fees$2,005
- Total administrative expenses$86,590
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)$11.2M · 90.9%
- Common/collective trusts$987K · 8.0%
- Cash (interest and non-interest bearing)$78K · 0.6%
- Receivables$51K · 0.4%
- Other investments$7,658 · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmAlan Ross & 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
2EProfit-sharing 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 |
|---|---|---|---|---|
| IBEW Local No. 143 Annuity Plan | IBEW Local No. 143 Annuity Plan | 526 | $70.9M | $134,696 |
| M. Davis & Sons, Inc. 401(k) Plan | M. Davis & Sons, Inc. | 520 | $49.7M | $95,570 |
| Sauer Holdings, Inc. Savings and Retirement Plan | Sauer Holdings, Inc. | 539 | $54.4M | $100,997 |
| IBEW AFL-CIO Local Union 743 Neca Penn-Del-Jersey Chapter Reading Division Retirement Plan | IBEW AFL-CIO Local Union 743 Neca Penn-Del-Jersey Chapter Reading Divi | 518 | $125M | $242,221 |
| Forcine Concrete & Construction Company 401(K)PLAN | Forcine Concrete & Construction Co. Inc. | 542 | $19.1M | $35,219 |
| Rycon Holdings Inc. Employee Stock Ownership Plan and Trust | Rycon Holdings, Inc. | 515 | $18.8M | $36,447 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Laborers' International Union of North America Local Union Number 130, Annuity Fund?
522 participants at the end of the plan year ending 31 May 2025, of whom 492 were active employees, with net assets of $12,273,124. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Board of Trustees of Local Union Number 130, Annuity Fund contribute per participant?
The filing reports $302,280 in employer contributions for the year, which is $614 per active participant; the median for plans of the same type and size was $1,934 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 $70,503 in compensation to service provider organisations, $135 per participant or 0.57% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $86,590. 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 Local Union Number 130, Annuity Fund. Recordkeeping or administration: Lawrence C. Musgrove Associates and John Hancock Trust Company, LLC. Investment advisory or management: CAPTRUST Financial Advisors. Trustee or custodian: John Hancock Trust Company, LLC. The financial statements were audited by Alan Ross & 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 Jun 2024 to 31 May 2025, received by the Department of Labor on 13 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 23-7062537, plan 001, received 13 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.