Pennsylvania › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
IBEW Local 712 Pension Trust Fund
Sponsored by IBEW Local 712 Pension Trust Fund, Pittsburgh, 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.
IBEW Local 712 Pension Trust Fund of Pittsburgh, Pennsylvania sponsors IBEW Local 712 Pension Trust Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 1,047 participants (461 active) and $106M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $101,276 per participant, above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and below the $119,983 median for defined benefit plans in finance and insurance. 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 $6.2M for the year ($13,354 per active participant) and benefits paid were $8.7M. 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 6 service provider organisations paid $5,000 or more, with reported compensation of $355K: $339 per participant, close to the same-size median of $325. Administrative expenses charged to the plan were $470K. 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 $62.6M in 2009 to $106M in 2024 (up 69%), and participants from 973 to 1,047 (up 8%).
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 | $101,276 | $87,935 | $119,983 | $86,221 |
| Employer contributions per active participant | $13,354 | $10,593 | $7,849 | $10,244 |
| Schedule C compensation per participant | $339 | $325 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.33% | 0.41% | 0.32% | 0.42% |
| Administrative expenses per participant | $449 | $513 | $433 | $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), finance and insurance (690) 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 | 1,047 | $106M | $101,276 | $6.2M | — | $355K |
| 2023 | 1,273 | $99.2M | $77,906 | $5.6M | — | $340K |
| 2022 | 1,268 | $92.1M | $72,663 | $13.3M | — | $401K |
| 2021 | 1,161 | $105M | $90,388 | $26.5M | — | $168K |
| 2020 | 1,090 | $96.3M | $88,369 | $15.4M | — | $131K |
| 2019 | 1,249 | $86.9M | $69,612 | $12.2M | — | $149K |
| 2018 | 947 | $76.6M | $80,876 | $5.4M | — | $412K |
| 2017 | 949 | $83.6M | $88,096 | $3.9M | — | $499K |
| 2016 | 938 | $77.9M | $83,061 | $4.0M | — | $207K |
| 2015 | 927 | $77.2M | $83,317 | $4.0M | — | $200K |
| 2014 | 921 | $79.5M | $86,291 | $4.1M | — | $486K |
| 2013 | 937 | $78.2M | $83,408 | $4.7M | — | $461K |
| 2012 | 1,540 | $69.5M | $45,153 | $4.3M | — | $429K |
| 2011 | 1,955 | $63.8M | $32,636 | $3.6M | — | $286K |
| 2010 | 1,334 | $65.6M | $49,203 | $1.6M | — | $450K |
| 2009 | 973 | $62.6M | $64,381 | $2.0M | — | $397K |
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$99,173,550
- Employer contributions$6,156,240
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$6,156,240
- Total income, including investment results$16,015,504
- Benefits paid$8,682,575
- Administrative expenses$470,116
- Total expenses$9,152,691
- Net income$6,862,813
- Net transfers$0
- Net assets, end of year$106,036,363
Participants
- Active participants461
- Retired or separated, receiving benefits468
- Retired or separated, entitled to future benefits118
- Total participants, end of year1,047
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Morgan Stanley Investments | Investment management | $101,975 | $0 |
| CDS Administrators | Contract Administrator | $84,353 | $0 |
| Graystone Consulting | Investment management | $76,443 | $0 |
| Acrisure | Actuarial | $41,871 | $0 |
| Meyer, Unkovic & Scott LLP | Legal | $35,642 | $0 |
| Victory Capital Intl Collect TR | Investment management | $14,363 | $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$192,780
- Other administrative expenses$89,726
- Contract administrator fees$84,353
- Actuarial fees$41,871
- Legal fees$35,642
- IQPA audit fees$25,744
- Total administrative expenses$470,116
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.
- Corporate stocks$32.1M · 30.2%
- Registered investment companies (mutual funds)$24.4M · 23.0%
- Common/collective trusts$21.7M · 20.4%
- Other investments$15.1M · 14.2%
- Corporate debt instruments$4.7M · 4.5%
- U.S. Government securities$4.2M · 4.0%
- Cash (interest and non-interest bearing)$2.4M · 2.3%
- Receivables$642K · 0.6%
- Buildings and other property used in plan operation$631K · 0.6%
- Partnership/joint venture interests$296K · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $3,000,000
- 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 525100: Insurance & Employee Benefit Funds.
Other plans of IBEW Local 712 Pension Trust Fund
| Plan | Participants | Net assets |
|---|---|---|
| IBEW Local 712 Profit Sharing Plan | 1,620 | $96.4M |
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Revised Pension Plan for Employees of Pennsylvania National Mutual Casualty Insurance Company and Its Affiliated Companies | Pennsylvania National Mutual Casualty Insurance Company | 1,072 | $212M | $197,692 |
| Laborers of Delaware Local Union No. 199 Pension Plan | Laborers of Delaware LCL Union 199 Board of Trustees | 774 | $63.9M | $82,536 |
| Agents Retirement Plan of the Lincoln National Life Insurance Company | Lincoln National Life Insurance Company | 1,312 | $73.3M | $55,903 |
| Employees' Retirement Plan of S&T Bank | S&T Bank | 717 | $63.8M | $88,933 |
| F.N.B. Corporation Retirement Income Plan | F.N.B. Corporation | 1,548 | $184M | $118,725 |
| Fulton Financial Affiliates Defined Benefit Pension Plan | Fulton Financial Corporation | 701 | $85.5M | $122,015 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is IBEW Local 712 Pension Trust Fund?
1,047 participants at the end of the plan year ending 31 Dec 2024, of whom 461 were active employees, with net assets of $106,036,363. 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 IBEW Local 712 Pension Trust Fund contribute per participant?
The filing reports $6,156,240 in employer contributions for the year, which is $13,354 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 $354,647 in compensation to service provider organisations, $339 per participant or 0.33% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $470,116. 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 IBEW Local 712 Pension Trust Fund. Recordkeeping or administration: CDS Administrators. Investment advisory or management: Morgan Stanley Investments, Graystone Consulting and Victory Capital Intl Collect TR. 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 25-1297810, 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.