New York › Finance and insurance › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Emblemhealth Services Company, LLC Cash Balance Plan and Trust for Collectively Bargained Employees
Sponsored by BRD of Trustees, Emblemhealth SRVC Co. Cash Bal. PLN for Coll Bar, New York, NY
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 31 Dec 2024, Emblemhealth Services Company, LLC Cash Balance Plan and Trust for Collectively Bargained Employees covered 144 participants and held $818K in net assets. The plan is a cash balance pension plan sponsored by BRD of Trustees, Emblemhealth SRVC Co. Cash Bal. PLN for Coll Bar of New York, New York.
Net assets came to $5,680 per participant, well below the $80,635 median for defined benefit plans with 100 to 249 participants and well 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 $156K for the year ($4,333 per active participant) and benefits paid were $199K. 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 3 service provider organisations paid $5,000 or more, with reported compensation of $136K: $945 per participant, well above the same-size median of $451. Administrative expenses charged to the plan were $157K. 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 $372K in 2015 to $818K in 2024 (up 120%), and participants from 187 to 144 (down 23%).
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 | $5,680 | $80,635 | $119,983 | $86,221 |
| Employer contributions per active participant | $4,333 | $9,975 | $7,849 | $10,244 |
| Schedule C compensation per participant | $945 | $451 | $352 | $344 |
| Schedule C compensation, share of net assets | 16.6% | 0.52% | 0.32% | 0.42% |
| Administrative expenses per participant | $1,090 | $582 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 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 | 144 | $818K | $5,681 | $156K | — | $136K |
| 2023 | 180 | $981K | $5,450 | $142K | — | $147K |
| 2022 | 188 | $978K | $5,202 | $123K | — | $79K |
| 2021 | 194 | $1.0M | $5,253 | $200K | — | $88K |
| 2020 | 199 | $954K | $4,794 | — | — | $97K |
| 2019 | 218 | $950K | $4,358 | — | — | $53K |
| 2018 | 252 | $923K | $3,663 | $332K | — | $136K |
| 2017 | 223 | $854K | $3,830 | $265K | — | $126K |
| 2016 | 208 | $765K | $3,678 | $475K | — | $75K |
| 2015 | 187 | $372K | $1,989 | — | — | $95K |
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$980,738
- Employer contributions$156,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$156,000
- Total income, including investment results$193,140
- Benefits paid$198,914
- Administrative expenses$157,010
- Total expenses$355,924
- Net income−$162,784
- Net transfers$0
- Net assets, end of year$817,954
Participants
- Active participants36
- Retired or separated, receiving benefits1
- Retired or separated, entitled to future benefits106
- Total participants, end of year144
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Agilis Partners LLC | Actuarial | $94,816 | $0 |
| BDO USA, P.C. | Accounting (including auditing) | $36,287 | $0 |
| Pitta & Giblin | Legal | $5,000 | $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
- Actuarial fees$94,037
- IQPA audit fees$36,287
- Other administrative expenses$18,628
- Legal fees$7,727
- Investment advisory and management fees$331
- Total administrative expenses$157,010
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)$634K · 71.8%
- Receivables$158K · 18.0%
- Master trust investment accounts$90K · 10.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBDO USA, P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the year—
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 related1CCash balance or similar plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 524140: Direct Life, Health, & Medical Insurance Carriers.
Other plans of BRD of Trustees, Emblemhealth SRVC Co. Cash Bal. PLN for Coll Bar
| Plan | Participants | Net assets |
|---|---|---|
| Emblemhealth Services Company, LLC 401(k) Plan | 2,792 | $378M |
| Emblemhealth Services Company, LLC Employees' Retirement Plan and Trust II | 1,043 | $111M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Champlain National Bank Pension Plan As a Member of the New York State Bankers Retirement System | Champlain National Bank | 149 | $26.6M | $178,320 |
| Jeff Bank Pension Plan | Jeff Bank | 143 | $24.4M | $170,457 |
| Banco de la Nacion Argentina Retirement Plan | Banco de la Nacion Argentina | 153 | $21.2M | $138,541 |
| Motion Picture Lab Tech Local 702 Pension Fund | Motion Picture Lab Tech Local 702 Pension Fund | 143 | $194K | $1,359 |
| Island Federal Credit Union Retirement Income Plan and Trust | Island Federal Credit Union | 156 | $38.6M | $247,400 |
| Orange Bank & Trust Company Pension Plan As a Member of the New York State Bankers Retirement System | Orange Bank and Trust Company | 142 | $34.3M | $241,446 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Emblemhealth Services Company, LLC Cash Balance Plan and Trust for Collectively Bargained Employees?
144 participants at the end of the plan year ending 31 Dec 2024, of whom 36 were active employees, with net assets of $817,954. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does BRD of Trustees, Emblemhealth SRVC Co. Cash Bal. PLN for Coll Bar contribute per participant?
The filing reports $156,000 in employer contributions for the year, which is $4,333 per active participant; the median for plans of the same type and size was $9,975 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 $136,103 in compensation to service provider organisations, $945 per participant or 16.6% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $157,010. 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 BRD of Trustees, Emblemhealth SRVC Co. Cash Bal. PLN for Coll Bar. The financial statements were audited by BDO USA, P.C.. 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 3 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 26-1330097, plan 003, received 3 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.