New Jersey › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Sep 2024 to 31 Aug 2025
Wwec Local 863 Pension Plan
Sponsored by Wwec Local 863 Pension Plan, Mountainside, NJ
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.
Wwec Local 863 Pension Plan is a defined benefit pension plan sponsored by Wwec Local 863 Pension Plan of Mountainside, New Jersey. For the plan year ending 31 Aug 2025 it reported 2,004 participants, 740 of them active, and net assets of $202M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $100,676 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 $5.5M for the year ($7,395 per active participant) and benefits paid were $18.4M. 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 8 service provider organisations paid $5,000 or more, with reported compensation of $688K: $343 per participant, above the same-size median of $325. Administrative expenses charged to the plan were $994K. 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 $81.4M in 2009 to $202M in 2024 (up 148%), and participants from 2,005 to 2,004 (unchanged).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $100,676 | $87,935 | $119,983 | $86,221 |
| Employer contributions per active participant | $7,395 | $10,593 | $7,849 | $10,244 |
| Schedule C compensation per participant | $343 | $325 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.34% | 0.41% | 0.32% | 0.42% |
| Administrative expenses per participant | $496 | $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 | 2,004 | $202M | $100,676 | $5.5M | — | $688K |
| 2023 | 1,989 | $189M | $95,208 | $5.8M | — | $627K |
| 2022 | 1,938 | $170M | $87,509 | $5.8M | — | $584K |
| 2021 | 1,933 | $166M | $85,811 | $6.0M | — | $560K |
| 2020 | 1,935 | $188M | $96,979 | $6.3M | — | $642K |
| 2019 | 1,965 | $166M | $84,696 | $6.6M | — | $604K |
| 2018 | 1,968 | $166M | $84,386 | $7.0M | — | $606K |
| 2017 | 1,986 | $169M | $84,865 | $7.0M | — | $646K |
| 2016 | 1,984 | $164M | $82,528 | $6.8M | — | $630K |
| 2015 | 1,956 | $154M | $78,607 | $6.8M | — | $559K |
| 2014 | 1,957 | $149M | $76,354 | $6.9M | — | $554K |
| 2013 | 1,971 | $143M | $72,338 | $6.8M | — | $449K |
| 2012 | 1,991 | $119M | $59,887 | $7.0M | — | $377K |
| 2011 | 2,004 | $104M | $52,023 | $7.1M | — | $352K |
| 2010 | 2,008 | $89.8M | $44,741 | $7.1M | — | $0 |
| 2009 | 2,005 | $81.4M | $40,614 | $7.2M | — | $0 |
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$189,369,047
- Employer contributions$5,471,960
- Participant contributions—
- Rollovers and other contributions$6,590,050
- Total contributions$12,062,010
- Total income, including investment results$31,816,007
- Benefits paid$18,437,225
- Administrative expenses$993,731
- Total expenses$19,430,956
- Net income$12,385,051
- Net transfers$0
- Net assets, end of year$201,754,098
Participants
- Active participants740
- Retired or separated, receiving benefits819
- Retired or separated, entitled to future benefits442
- Total participants, end of year2,004
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Morgan Stanley Smith Barney LLC | Investment management | $271,597 | $0 |
| The Segal Company | Actuarial | $121,221 | $0 |
| Janney Montgomery Scott LLC | Investment management | $117,116 | $0 |
| Bederson LLP | Accounting (including auditing) | $63,997 | $0 |
| UBS Realty | Investment management | $53,178 | $0 |
| Principal Custody Solutions | Trustee (bank, trust company, or similar financial institution); Recordkeeping and information management; Investment advisory (plan); Other services | $29,776 | $0 |
| Bank of New York Mellon | Investment management | $21,804 | $0 |
| Actuaries Unlimited, Inc. | Actuarial | $9,250 | $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$495,356
- Other administrative expenses$296,907
- Actuarial fees$130,471
- IQPA audit fees$63,997
- Legal fees$7,000
- Total administrative expenses$993,731
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$51.6M · 25.6%
- Common/collective trusts$47.6M · 23.6%
- Other investments$38.5M · 19.1%
- U.S. Government securities$32.4M · 16.1%
- Corporate debt instruments$20.1M · 10.0%
- Cash (interest and non-interest bearing)$6.9M · 3.4%
- Real estate$4.8M · 2.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmBederson 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
1BBenefits are primarily flat dollar (includes dollars per year of service)3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Horizon Blue Cross Blue Shield of NJ Employees Retirement Plan II | Horizon Healthcare Services, Inc. | 2,180 | $216M | $99,257 |
| Teamsters Local 11 Pension Fund | Board of Trustees - Teamsters Local 11 Pension Fund | 1,901 | $77.2M | $40,584 |
| Local No. 863 Pension Plan | Local No. 863 Pension Plan | 2,308 | $366M | $158,661 |
| Munich Reinsurance America, Inc. Pension Plan | Munich Reinsurance America, Inc. | 1,832 | $498M | $271,643 |
| Valley National Bank Pension Plan | Valley National Bank | 2,443 | $275M | $112,447 |
| Standard Chartered Bank Retirement Account Plan | Standard Chartered Bank | 1,397 | $160M | $114,559 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Wwec Local 863 Pension Plan?
2,004 participants at the end of the plan year ending 31 Aug 2025, of whom 740 were active employees, with net assets of $201,754,098. 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 Wwec Local 863 Pension Plan contribute per participant?
The filing reports $5,471,960 in employer contributions for the year, which is $7,395 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 $687,939 in compensation to service provider organisations, $343 per participant or 0.34% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $993,731. 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 Wwec Local 863 Pension Plan. Recordkeeping or administration: Principal Custody Solutions. Investment advisory or management: Morgan Stanley Smith Barney LLC, Janney Montgomery Scott LLC and UBS Realty. Trustee or custodian: Principal Custody Solutions. The financial statements were audited by Bederson 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 Sep 2024 to 31 Aug 2025, received by the Department of Labor on 15 Jun 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 26-3541447, plan 001, received 15 Jun 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.