New York › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Emblemhealth Services Company, LLC Employees' Retirement Plan and Trust II
Sponsored by Emblemhealth Services Company, LLC, 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.
Emblemhealth Services Company, LLC Employees' Retirement Plan and Trust II is a cash balance pension plan sponsored by Emblemhealth Services Company, LLC of New York, New York. For the plan year ending 31 Dec 2024 it reported 1,043 participants, 85 of them active, and net assets of $111M.
Net assets came to $105,949 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 $3.8M for the year ($44,285 per active participant) and benefits paid were $9.5M. 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 5 service provider organisations paid $5,000 or more, with reported compensation of $905K: $868 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $1.8M. 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 $235M in 2016 to $111M in 2024 (down 53%), and participants from 2,455 to 1,043 (down 58%).
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 | $105,949 | $87,935 | $119,983 | $86,221 |
| Employer contributions per active participant | $44,285 | $10,593 | $7,849 | $10,244 |
| Schedule C compensation per participant | $868 | $325 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.82% | 0.41% | 0.32% | 0.42% |
| Administrative expenses per participant | $1,754 | $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 | 1,043 | $111M | $105,949 | $3.8M | — | $905K |
| 2023 | 1,160 | $115M | $99,091 | $4.2M | — | $1.4M |
| 2022 | 1,187 | $109M | $91,865 | $10.6M | — | $651K |
| 2021 | 1,198 | $139M | $116,395 | — | — | $571K |
| 2020 | 1,201 | $146M | $121,719 | — | — | $1.4M |
| 2019 | 1,418 | $148M | $104,701 | $1.9M | — | $688K |
| 2018 | 1,705 | $178M | $104,141 | — | — | $957K |
| 2017 | 1,973 | $206M | $104,496 | — | — | $1.3M |
| 2016 | 2,455 | $235M | $95,818 | — | — | $756K |
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$114,945,803
- Employer contributions$3,764,256
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$3,764,256
- Total income, including investment results$6,923,037
- Benefits paid$9,534,670
- Administrative expenses$1,829,504
- Total expenses$11,364,174
- Net income−$4,441,137
- Net transfers$0
- Net assets, end of year$110,504,666
Participants
- Active participants85
- Retired or separated, receiving benefits278
- Retired or separated, entitled to future benefits631
- Total participants, end of year1,043
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Agilis Partners LLC | Actuarial | $493,889 | $0 |
| Legal & General Investment | Investment management | $237,915 | $0 |
| The Bank of New York Mellon | Custodial (securities); Investment management | $103,281 | $0 |
| BDO USA, P.C. | Accounting (including auditing) | $41,378 | $0 |
| Graystone Consulting | Consulting (pension) | $28,625 | $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
- Other administrative expenses$920,355
- Actuarial fees$493,889
- Investment advisory and management fees$340,971
- IQPA audit fees$39,309
- Contract administrator fees$29,525
- Legal fees$5,455
- Total administrative expenses$1,829,504
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.
- Master trust investment accounts$109M · 98.7%
- Receivables$1.5M · 1.3%
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 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 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 Emblemhealth Services Company, LLC
| Plan | Participants | Net assets |
|---|---|---|
| Emblemhealth Services Company, LLC 401(k) Plan | 2,792 | $378M |
| Emblemhealth Services Company, LLC Cash Balance Plan and Trust for Collectively Bargained Employees | 144 | $818K |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| BNP Paribas Pension Plan | BNP Paribas | 1,075 | $124M | $114,927 |
| Ehs - Local 153 Pension Plan | Bd. of Trustees, Amended & Restated Hip-Local 153 Pension Plan | 962 | $105M | $108,948 |
| Central New York Laborers' Pension Fund | Central New York Laborers' Pension Fund Board of Trustees | 1,119 | $69.3M | $61,935 |
| Columbian Mutual Life Insurance Company Pension Plan | Columbian Mutual Life Insurance Co. | 932 | $80.7M | $86,583 |
| New York Central Mutual Fire Insurance Company Retirement Income Plan | New York Central Mutual Fire Insurance Co. | 1,123 | $144M | $128,359 |
| Visions Federal Credit Union Defined Benefit Plan and Trust | Visions Federal Credit Union | 869 | $152M | $174,850 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Emblemhealth Services Company, LLC Employees' Retirement Plan and Trust II?
1,043 participants at the end of the plan year ending 31 Dec 2024, of whom 85 were active employees, with net assets of $110,504,666. 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 Emblemhealth Services Company, LLC contribute per participant?
The filing reports $3,764,256 in employer contributions for the year, which is $44,285 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 $905,088 in compensation to service provider organisations, $868 per participant or 0.82% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,829,504. 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 Emblemhealth Services Company, LLC. Investment advisory or management: Legal & General Investment and The Bank of New York Mellon. Trustee or custodian: The Bank of New York Mellon. 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 007, 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.