New York › Arts, entertainment and recreation › 250 to 499 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
MSG Entertainment Holdings, LLC Ret Plan for Licnsd Ushers & TCKT TKRS LCL Union 176 SEIU AFL-CIO
Sponsored by MSG Entertainment Holdings, 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.
In the plan year ending 31 May 2025, MSG Entertainment Holdings, LLC Ret Plan for Licnsd Ushers & TCKT TKRS LCL Union 176 SEIU AFL-CIO covered 313 participants and held $2.8M in net assets. The plan is a defined benefit pension plan sponsored by MSG Entertainment Holdings, LLC of New York, New York.
Net assets came to $8,819 per participant, well below the $87,254 median for defined benefit plans with 250 to 499 participants and well below the $98,070 median for defined benefit plans in arts, entertainment and recreation. 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 $250K for the year ($1,366 per active participant) and benefits paid were $143K. 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 4 service provider organisations paid $5,000 or more, with reported compensation of $88K: $282 per participant, well below the same-size median of $413. Administrative expenses charged to the plan were $120K. 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 $2.6M in 2022 to $2.8M in 2024 (up 5%), and participants from 262 to 313 (up 19%).
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 | $8,819 | $87,254 | $98,070 | $86,221 |
| Employer contributions per active participant | $1,366 | $11,032 | $8,284 | $10,244 |
| Schedule C compensation per participant | $282 | $413 | $440 | $344 |
| Schedule C compensation, share of net assets | 3.2% | 0.51% | 0.49% | 0.42% |
| Administrative expenses per participant | $384 | $596 | $715 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), arts, entertainment and recreation (119) 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 | 313 | $2.8M | $8,818 | $250K | — | $88K |
| 2023 | 287 | $2.7M | $9,334 | $250K | — | $104K |
| 2022 | 262 | $2.6M | $10,027 | $430K | — | $115K |
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$2,678,666
- Employer contributions$250,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$250,000
- Total income, including investment results$344,509
- Benefits paid$142,799
- Administrative expenses$120,101
- Total expenses$262,900
- Net income$81,609
- Net transfers$0
- Net assets, end of year$2,760,275
Participants
- Active participants183
- Retired or separated, receiving benefits51
- Retired or separated, entitled to future benefits58
- Total participants, end of year313
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Willis Towers Watson US LLC | Actuarial | $39,008 | $0 |
| BDO USA, P.C. | Accounting (including auditing) | $34,300 | $0 |
| Fidelity Investments Inst Op Co. | Recordkeeping and information management; Consulting (pension) | $9,011 | $0 |
| Goldman Sachs Asset Management, LP | Investment management | $6,083 | $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
- Contract administrator fees$43,311
- Actuarial fees$39,008
- Other administrative expenses$28,987
- Investment advisory and management fees$6,083
- Trustee and custodial fees$2,712
- Total administrative expenses$120,101
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.
- Common/collective trusts$2.5M · 88.8%
- Receivables$280K · 10.0%
- Cash (interest and non-interest bearing)$32K · 1.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)3FPlan sponsor(s) received services of leased employees3HPlan 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 713900: Other Amusement & Recreation Industries (including golf courses, skiing facilities, marinas, fitness centers, & bowling centers).
Other plans of MSG Entertainment Holdings, LLC
| Plan | Participants | Net assets |
|---|---|---|
| Madison Square Garden 401(k) Savings Plan | 5,798 | $352M |
| Madison Square Garden 401(k) Union Plan | 3,046 | $75.8M |
| MSG Entertainment Holdings, LLC Cash Balance Pension Plan | 1,663 | $111M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| New York Shakespeare Festival Retirement Plan | New York Shakespeare Festival | 379 | $8.2M | $21,662 |
| I.A.T.S.E. Staff Retirement Fund | Int'l Alliance of Theatrical Stage Employees, M.,p.,t.,a., & a. | 255 | $72.3M | $283,393 |
| Retirement Plan for Administrative and Racing Employees of the New York Racing Association, Inc. | The New York Racing Association Inc. | 397 | $60.0M | $151,152 |
| NFL Game Officials' Pension Plan | National Football League | 216 | $105M | $487,193 |
| Retirement Plan for Employees of the Carnegie Hall Corporation | Carnegie Hall Corporation | 435 | $47.6M | $109,539 |
| The New York Philharmonic Orchestra Pension Plan | The Philharmonic-Symphony Society of New York, Inc. | 186 | $65.1M | $349,848 |
Defined benefit plans in arts, entertainment and recreation closest in size.
Questions and answers
How big is MSG Entertainment Holdings, LLC Ret Plan for Licnsd Ushers & TCKT TKRS LCL Union 176 SEIU AFL-CIO?
313 participants at the end of the plan year ending 31 May 2025, of whom 183 were active employees, with net assets of $2,760,275. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does MSG Entertainment Holdings, LLC contribute per participant?
The filing reports $250,000 in employer contributions for the year, which is $1,366 per active participant; the median for plans of the same type and size was $11,032 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 $88,402 in compensation to service provider organisations, $282 per participant or 3.2% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $120,101. 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 MSG Entertainment Holdings, LLC. Recordkeeping or administration: Fidelity Investments Inst Op Co.. Investment advisory or management: Goldman Sachs Asset Management, LP. 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 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 Jun 2024 to 31 May 2025, received by the Department of Labor on 12 Mar 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 32-0467994, plan 005, received 12 Mar 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.