New York › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
IUOE Local 295 & 295C Employees Annuity Plan
Sponsored by Board of Trustees, IUOE Local 295 & 295C Employees Annuity, Maspeth, 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.
Board of Trustees, IUOE Local 295 & 295C Employees Annuity of Maspeth, New York sponsors IUOE Local 295 & 295C Employees Annuity Plan, a money purchase plan. Its Form 5500 for the plan year ending 31 Dec 2025 shows 532 participants (178 active) and $5.1M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $8,015 per participant in plan year 2024, well below the $48,746 median for defined contribution plans with 250 to 499 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 $705K during the year, or $3,963 per active participant against a same-size median of $2,017; participants contributed —. Benefits paid out totalled $111K.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $41K: $77.68 per participant, well below the same-size median of $141. Administrative expenses charged to the plan were $140K. 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 $1.5M in 2019 to $5.1M in 2025 (up 231%), and participants from 355 to 532 (up 50%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $8,015 | $48,746 | $54,962 | $53,102 |
| Employer contributions per active participant | $4,554 | $2,017 | $2,728 | $2,175 |
| Schedule C compensation per participant | $112 | $141 | $162 | $123 |
| Schedule C compensation, share of net assets | 1.4% | 0.30% | 0.33% | 0.26% |
| Administrative expenses per participant | $296 | $133 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 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 |
|---|---|---|---|---|---|---|
| 2025 | 532 | $5.1M | $9,511 | $705K | — | $41K |
| 2024 | 491 | $3.9M | $8,014 | $565K | — | $55K |
| 2023 | 475 | $3.1M | $6,615 | $483K | — | $15K |
| 2022 | 438 | $2.4M | $5,397 | $476K | — | $26K |
| 2021 | 396 | $2.4M | $6,028 | $357K | — | $45K |
| 2020 | 404 | $1.9M | $4,765 | $323K | — | $60K |
| 2019 | 355 | $1.5M | $4,301 | $282K | — | $47K |
| 2018 | 126 | — | — | — | — | — |
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$3,935,159
- Employer contributions$705,429
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$705,429
- Total income, including investment results$1,376,257
- Benefits paid$111,211
- Administrative expenses$139,904
- Total expenses$251,115
- Net income$1,125,142
- Net transfers$0
- Net assets, end of year$5,060,301
Participants
- Active participants178
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits354
- Participants with account balances532
- Total participants, end of year532
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| John Hancock Retirement Plan SVCS | Recordkeeping and information management | $25,253 | $0 |
| Fitzsimmons Abrams, LLP | Accounting (including auditing) | $10,000 | $0 |
| Morgan Stanley Smith Barney LLC | Investment advisory (plan) | $6,071 | $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$72,316
- Salaries and allowances$31,914
- Recordkeeping fees$25,253
- IQPA audit fees$10,000
- Other administrative expenses$421
- Total administrative expenses$139,904
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)$4.5M · 89.7%
- Common/collective trusts$412K · 8.1%
- Receivables$105K · 2.1%
- Cash (interest and non-interest bearing)$6,008 · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmFitzsimmons Abrams, LLP
- 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
2CMoney purchase (other than target benefit) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238220: Plumbing, Heating, & Air-Conditioning Contractors.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Local 840 IBEW Annuity Fund | Board of Trustees of IBEW Local 840 Annuity Fund | 536 | $16.1M | $30,031 |
| Iovino Enterprises, LLC 401(k) Plan | Iovino Enterprises, LLC | 529 | $50.0M | $94,590 |
| Paths Management Services LLC 401(k) Plan | Paths Management Services LLC | 559 | $8.8M | $15,709 |
| Plumbers, Pipefitters, and Apprentices Local No. 112 Annuity Fund | Dave Vanauken, Plan Administrator Local No. 112 Annuity Fund | 504 | $39.4M | $78,207 |
| Rifenburg Support Services, LLC Employees Savings & Prevailing Wage Plan | Rifenburg Support Services, LLC | 572 | $62.5M | $109,179 |
| Joint Industry Board Employees' 401(k) Plan | Joint Industry Board of the Electrical Industry | 500 | $118M | $235,439 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is IUOE Local 295 & 295C Employees Annuity Plan?
532 participants at the end of the plan year ending 31 Dec 2025, of whom 178 were active employees, with net assets of $5,060,301. Among defined contribution plans that places it in the 500 to 999 participants band, which held 17,456 plans in plan year 2024.
What does Board of Trustees, IUOE Local 295 & 295C Employees Annuity contribute per participant?
The filing reports $705,429 in employer contributions for the year, which is $3,963 per active participant; the median for plans of the same type and size was $2,017 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 $41,324 in compensation to service provider organisations, $77.68 per participant or 0.82% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $139,904. 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, IUOE Local 295 & 295C Employees Annuity. Recordkeeping or administration: John Hancock Retirement Plan SVCS. Investment advisory or management: Morgan Stanley Smith Barney LLC. The financial statements were audited by Fitzsimmons Abrams, LLP. 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 2025 to 31 Dec 2025, received by the Department of Labor on 29 Jul 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 26-1420360, plan 001, received 29 Jul 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.