Pennsylvania › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
International Union of Painters and Allied Trades District Council No. 21 Annuity Fund
Sponsored by International Union of Painters & Allied Trades DC No. 21 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.
International Union of Painters & Allied Trades DC No. 21 Annuity Fund of Philadelphia, Pennsylvania sponsors International Union of Painters and Allied Trades District Council No. 21 Annuity Fund, a profit-sharing plan. Its Form 5500 for the plan year ending 30 Jun 2025 shows 5,178 participants (5,163 active) and $219M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $42,341 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 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 $13.3M during the year, or $2,579 per active participant against a same-size median of $2,424; participants contributed — and $181K arrived as rollovers and other contributions. Benefits paid out totalled $14.7M.
Schedule C lists 12 service provider organisations paid $5,000 or more, with reported compensation of $1.4M: $265 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $1.3M. 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 $78.9M in 2009 to $219M in 2024 (up 178%), and participants from 4,176 to 5,178 (up 24%).
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 | $42,341 | $64,499 | $54,962 | $53,102 |
| Employer contributions per active participant | $2,579 | $2,424 | $2,728 | $2,175 |
| Schedule C compensation per participant | $265 | $53.38 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.63% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $245 | $54.85 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 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 | 5,178 | $219M | $42,341 | $13.3M | — | $1.4M |
| 2023 | 4,931 | $200M | $40,535 | $12.9M | — | $1.3M |
| 2022 | 4,971 | $178M | $35,801 | $12.5M | — | $1.3M |
| 2021 | 4,690 | $161M | $34,229 | $11.9M | — | $1.2M |
| 2020 | 4,986 | $174M | $34,974 | $12.3M | — | $1.4M |
| 2019 | 4,823 | $148M | $30,663 | $11.5M | $30K | $1.2M |
| 2018 | 4,875 | $146M | $30,020 | $11.7M | — | $1.0M |
| 2017 | 4,726 | $136M | $28,805 | $11.7M | — | $918K |
| 2016 | 4,515 | $127M | $28,158 | $11.9M | — | $876K |
| 2015 | 4,458 | $115M | $25,897 | $11.0M | — | $868K |
| 2014 | 4,589 | $111M | $24,282 | $9.5M | — | $878K |
| 2013 | 4,461 | $106M | $23,690 | $8.6M | — | $987K |
| 2012 | 4,502 | $94.0M | $20,883 | $8.4M | — | $711K |
| 2011 | 4,323 | $84.0M | $19,434 | $6.7M | — | $606K |
| 2010 | 4,219 | $85.4M | $20,241 | $6.2M | — | $658K |
| 2009 | 4,176 | $78.9M | $18,898 | $6.9M | — | $596K |
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$199,876,220
- Employer contributions$13,315,132
- Participant contributions—
- Rollovers and other contributions$180,861
- Total contributions$13,495,993
- Total income, including investment results$35,299,355
- Benefits paid$14,664,657
- Administrative expenses$1,269,255
- Total expenses$15,933,912
- Net income$19,365,443
- Net transfers$0
- Net assets, end of year$219,241,663
Participants
- Active participants5,163
- Retired or separated, receiving benefits15
- Retired or separated, entitled to future benefits—
- Participants with account balances5,178
- Total participants, end of year5,178
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Iupat DC21 Welfare Fund | Plan Administrator | $374,657 | $0 |
| Banner Ridge Partners LP | Investment management | $232,045 | $0 |
| RBC Wealth Mgmt/courtney Consulting | Investment advisory (plan) | $141,539 | $0 |
| Bridgeway Benefit Technologies | Recordkeeping and information management | $94,697 | $0 |
| Sigular Guff Advisers, LLC | Investment management | $0 | $86,166 |
| Chartwell Investment Partners LLC | Investment management | $82,537 | $0 |
| Birch Run Investments, LLC | Investment management | $79,542 | $0 |
| Novak Francella, LLC | Accounting (including auditing) | $78,691 | $0 |
| Highland Capital Management | Investment management | $69,491 | $0 |
| Stevens & Lee, P.C. | Legal | $61,233 | $0 |
| Principal Custody Solutions | Custodial (securities) | $50,309 | $0 |
| Broadcore Investments LP | Investment management | $22,476 | $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$713,796
- Salaries and allowances$204,237
- Other administrative expenses$160,989
- Legal fees$61,233
- IQPA audit fees$58,273
- Trustee and custodial fees$50,309
- Recordkeeping fees$20,418
- Total administrative expenses$1,269,255
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$59.3M · 27.0%
- Registered investment companies (mutual funds)$51.4M · 23.4%
- U.S. Government securities$49.6M · 22.6%
- Corporate debt instruments$26.3M · 12.0%
- Partnership/joint venture interests$17.9M · 8.2%
- Cash (interest and non-interest bearing)$7.2M · 3.3%
- Receivables$7.1M · 3.2%
- Other investments$808K · 0.4%
- Corporate stocks$1,288 · 0.0%
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
2EProfit-sharing 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 |
|---|---|---|---|---|
| Inland Empire Ibew-Neca Defined Contribution Plan | Board of Trustees, Inland Empire Ibew-Neca Defined | 6,637 | $254M | $38,241 |
| Steamfitters Local 449 Retirement Security Fund | Board of Trustees, Steamfitters Local #449 Retirement Security Fund | 4,857 | $402M | $82,844 |
| IBEW Local Union No. 126 Retirement Plan | Trustees of IBEW Local Union No. 126 Retirement Plan | 6,762 | $1.04B | $153,697 |
| International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan | Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan | 4,631 | $1.26B | $271,774 |
| Toll Brothers 401(k) Savings Plan | Toll Bros., Inc. | 6,814 | $728M | $106,811 |
| PHRG Management LLC 401(k) Savings Plan | PHRG Management LLC | 4,192 | $158M | $37,643 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is International Union of Painters and Allied Trades District Council No. 21 Annuity Fund?
5,178 participants at the end of the plan year ending 30 Jun 2025, of whom 5,163 were active employees, with net assets of $219,241,663. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does International Union of Painters & Allied Trades DC No. 21 Annuity Fund contribute per participant?
The filing reports $13,315,132 in employer contributions for the year, which is $2,579 per active participant; the median for plans of the same type and size was $2,424 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 $1,373,383 in compensation to service provider organisations, $265 per participant or 0.63% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $1,269,255. 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 International Union of Painters & Allied Trades DC No. 21 Annuity Fund. Recordkeeping or administration: Iupat DC21 Welfare Fund and Bridgeway Benefit Technologies. Investment advisory or management: Banner Ridge Partners LP, RBC Wealth Mgmt/courtney Consulting and Sigular Guff Advisers, LLC. Trustee or custodian: Principal Custody Solutions. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 7 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 23-7390182, plan 003, received 7 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.