Ohio › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Ohio Local No 1 Operative Plasterers and Cement Masons Pension Fund
Sponsored by BD of Trustees Ohio Local No 1, Canfield, OH
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 30 Apr 2025, Ohio Local No 1 Operative Plasterers and Cement Masons Pension Fund covered 571 participants and held $30.8M in net assets. The plan is a defined benefit pension plan sponsored by BD of Trustees Ohio Local No 1 of Canfield, Ohio. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $53,930 per participant, well below the $86,583 median for defined benefit plans with 500 to 999 participants and well below the $100,593 median for defined benefit 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.
Employer contributions were $2.7M for the year ($8,045 per active participant) and benefits paid were $1.7M. 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 11 service provider organisations paid $5,000 or more, with reported compensation of $236K: $414 per participant, above the same-size median of $377. Administrative expenses charged to the plan were $288K. 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 $12.3M in 2009 to $30.8M in 2024 (up 150%), and participants from 326 to 571 (up 75%).
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 | $53,930 | $86,583 | $100,593 | $86,221 |
| Employer contributions per active participant | $8,045 | $10,758 | $13,292 | $10,244 |
| Schedule C compensation per participant | $414 | $377 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.77% | 0.48% | 0.46% | 0.42% |
| Administrative expenses per participant | $504 | $591 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), construction (655) 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 | 571 | $30.8M | $53,930 | $2.7M | — | $236K |
| 2023 | 576 | $27.7M | $48,156 | $2.3M | — | $252K |
| 2022 | 426 | $25.1M | $59,023 | $1.7M | — | $189K |
| 2021 | 458 | $25.0M | $54,515 | $1.8M | — | $205K |
| 2020 | 460 | $25.5M | $55,533 | $1.7M | — | $167K |
| 2019 | 452 | $19.8M | $43,843 | $1.5M | — | $183K |
| 2018 | 449 | $19.8M | $44,140 | $1.7M | — | $197K |
| 2017 | 450 | $18.4M | $40,851 | $1.5M | — | $188K |
| 2016 | 375 | $16.7M | $44,517 | $1.2M | — | $161K |
| 2015 | 368 | $15.2M | $41,223 | $1.0M | — | $165K |
| 2014 | 376 | $15.7M | $41,707 | $1.0M | — | $169K |
| 2013 | 359 | $15.1M | $41,969 | $815K | — | $140K |
| 2012 | 374 | $13.8M | $36,861 | $746K | — | $120K |
| 2011 | 373 | $12.6M | $33,729 | $694K | — | $126K |
| 2010 | 332 | $13.1M | $39,446 | $541K | — | $118K |
| 2009 | 326 | $12.3M | $37,718 | $461K | — | $272K |
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$27,738,187
- Employer contributions$2,719,058
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,719,058
- Total income, including investment results$5,045,536
- Benefits paid$1,701,737
- Administrative expenses$287,912
- Total expenses$1,989,649
- Net income$3,055,887
- Net transfers$0
- Net assets, end of year$30,794,074
Participants
- Active participants338
- Retired or separated, receiving benefits23
- Retired or separated, entitled to future benefits105
- Total participants, end of year571
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Benesys, Inc. | Plan Administrator | $61,911 | $0 |
| Cuni, Rust & Strenk, Inc. | Actuarial | $36,012 | $0 |
| American Realty Advisors | Investment management; Real estate brokerage; Custodial (securities) | $34,149 | $0 |
| Allotta Farley Co. Lpa | Legal | $28,713 | $0 |
| Mariner Wealth Advisors, LLC | Investment advisory (plan) | $26,260 | $0 |
| PNC Financial Services Group, Inc. | Custodial (securities); Investment management | $10,946 | $0 |
| DG Perry, PLLC | Accounting (including auditing) | $10,000 | $0 |
| Manning & Napier Advisors, LLC | Investment management; Investment advisory (plan) | $7,889 | $0 |
| Ullico Investment Services | Custodial (securities); Investment management | $7,599 | $0 |
| PNC Bank National Association | Direct payment from the plan; Account maintenance fees | $6,783 | $0 |
| Ullico Casualty Group, LLC | Insurance agents and brokers | $6,216 | $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$89,200
- Contract administrator fees$60,780
- Other administrative expenses$44,427
- Actuarial fees$36,012
- Legal fees$28,713
- Other trustee fees and expenses$11,997
- IQPA audit fees$10,000
- Trustee and custodial fees$6,783
- Total administrative expenses$287,912
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)$23.4M · 75.1%
- Real estate$3.1M · 10.0%
- Cash (interest and non-interest bearing)$2.8M · 9.0%
- Pooled separate accounts$1.2M · 3.9%
- Receivables$637K · 2.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDgperry, PLLC
- 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)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 237310: Highway, Street, & Bridge.
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| IBEW Local Union 64 Pension Plan | IBEW Local Union 64 Pension Plan Joint Board of Trades | 624 | $43.1M | $69,100 |
| Toledo Painters and Allied Trades Pension Plan | Board of Trustees Toledo Painters and Allied Trades Pension Plan | 560 | $33.0M | $58,840 |
| Plumbers and Steamfitters Local No. 42 Pension Plan | Board of Trustees of Plumbers and Steamfitters Local No. 42 Pension | 625 | $71.8M | $114,830 |
| I B E W Local 673 Pension Plan | Trustees of Plan I B E W Local 673 Pension Plan | 559 | $84.8M | $151,683 |
| Plumbing and Pipefitting Industry Local 219 Pension Plan | Trustees of Local 219 Pension Trust | 641 | $47.3M | $73,812 |
| Pension Plan for Plumbers and Pipefitters Local Union No. 776 (Lima, Ohio) | Board of Trustees Pension Plan for Plumbers and Pipefitters Local 776 | 552 | $62.6M | $113,471 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Ohio Local No 1 Operative Plasterers and Cement Masons Pension Fund?
571 participants at the end of the plan year ending 30 Apr 2025, of whom 338 were active employees, with net assets of $30,794,074. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does BD of Trustees Ohio Local No 1 contribute per participant?
The filing reports $2,719,058 in employer contributions for the year, which is $8,045 per active participant; the median for plans of the same type and size was $10,758 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 $236,478 in compensation to service provider organisations, $414 per participant or 0.77% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $287,912. 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 BD of Trustees Ohio Local No 1. Recordkeeping or administration: Benesys, Inc.. Investment advisory or management: American Realty Advisors, Mariner Wealth Advisors, LLC and PNC Financial Services Group, Inc.. Trustee or custodian: American Realty Advisors, PNC Financial Services Group, Inc. and Ullico Investment Services. The financial statements were audited by Dgperry, PLLC. 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 May 2024 to 30 Apr 2025, received by the Department of Labor on 9 Feb 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 31-6126988, plan 001, received 9 Feb 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.