Ohio › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Cement Masons Local No. 886/404 Pension Plan
Sponsored by Cement Masons Local No. 886/404 Pension Plan Board of Trustees, 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.
Cement Masons Local No. 886/404 Pension Plan Board of Trustees of Canfield, Ohio sponsors Cement Masons Local No. 886/404 Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 30 Jun 2025 shows 1,471 participants (590 active) and $159M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $108,344 per participant, above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and above 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 $6.8M for the year ($11,536 per active participant) and benefits paid were $11.0M. 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 12 service provider organisations paid $5,000 or more, with reported compensation of $589K: $401 per participant, above the same-size median of $325. Administrative expenses charged to the plan were $881K. 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 $73.5M in 2009 to $159M in 2024 (up 117%), and participants from 1,159 to 1,471 (up 27%).
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 | $108,344 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $11,536 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $401 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.37% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $599 | $513 | $596 | $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), 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 | 1,471 | $159M | $108,344 | $6.8M | — | $589K |
| 2023 | 1,408 | $146M | $103,866 | $7.5M | — | $563K |
| 2022 | 1,405 | $134M | $95,426 | $7.1M | — | $581K |
| 2021 | 1,377 | $127M | $92,532 | $6.5M | — | $543K |
| 2020 | 1,346 | $146M | $108,182 | $5.9M | — | $519K |
| 2019 | 1,382 | $117M | $84,737 | $6.4M | — | $417K |
| 2018 | 1,363 | $115M | $84,378 | $6.3M | — | $439K |
| 2017 | 1,326 | $109M | $82,551 | $5.9M | — | $425K |
| 2016 | 1,324 | $103M | $77,943 | $5.4M | — | $386K |
| 2015 | 1,302 | $94.8M | $72,847 | $5.7M | — | $461K |
| 2014 | 1,241 | $97.0M | $78,168 | $4.4M | — | $528K |
| 2013 | 1,210 | $97.0M | $80,188 | $3.8M | — | $482K |
| 2012 | 1,233 | $86.6M | $70,195 | $3.2M | — | $385K |
| 2011 | 1,173 | $80.2M | $68,380 | $3.4M | — | $381K |
| 2010 | 1,204 | $83.4M | $69,283 | $2.8M | — | $303K |
| 2009 | 1,159 | $73.5M | $63,419 | $2.4M | — | $289K |
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$146,243,076
- Employer contributions$6,806,030
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$6,806,030
- Total income, including investment results$24,986,467
- Benefits paid$10,973,937
- Administrative expenses$881,303
- Total expenses$11,855,240
- Net income$13,131,227
- Net transfers$0
- Net assets, end of year$159,374,303
Participants
- Active participants590
- Retired or separated, receiving benefits379
- Retired or separated, entitled to future benefits367
- Total participants, end of year1,471
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| American Realty Advisors | Investment management | $103,428 | $0 |
| Benesys, Inc. | Contract Administrator; Recordkeeping and information management | $103,292 | $0 |
| Autopistas | Trustee (bank, trust company, or similar financial institution) | $86,892 | $0 |
| Marquette Associates | Consulting (general) | $80,000 | $0 |
| Ifm Global | Investment management | $64,289 | $0 |
| HGK Asset Management. Inc. | Investment management | $44,722 | $0 |
| AFL-CIO Housing Investment Trust | Investment management | $36,882 | $0 |
| Ullico Investment Advisors, Inc. | Investment management | $21,043 | $0 |
| UBS Trumbull Property Fund LP | Investment management | $20,025 | $0 |
| Manning & Napier Advisors | Investment management | $12,550 | $0 |
| Yurchyk & Davis Cpa's, Inc. | Accounting (including auditing) | $8,900 | $0 |
| Ohio Conference of Plasterers & CM | Recordkeeping and information management | $7,232 | $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$423,965
- Actuarial fees$102,000
- Other administrative expenses$99,921
- Contract administrator fees$92,793
- Trustee and custodial fees$80,000
- Legal fees$73,724
- IQPA audit fees$8,900
- Total administrative expenses$881,303
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$105M · 65.6%
- Partnership/joint venture interests$22.9M · 14.4%
- Registered investment companies (mutual funds)$19.1M · 12.0%
- Receivables$5.0M · 3.1%
- Cash (interest and non-interest bearing)$4.4M · 2.7%
- Pooled separate accounts$3.6M · 2.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBonadio & Co., LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondNo
- 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 238100: Foundation, Structure, & Building Exterior Contractors (including framing carpentry, masonry, glass, roofing, & siding).
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Bac Local 23 North Shore Chapter Pension Fund | Joint Board of Trustees of Bac Local 23 North Shore Chapter | 1,495 | $112M | $74,757 |
| Laborers Local No. 265 Pension Plan | Laborers Local No. 265 Pension Plan | 1,432 | $89.3M | $62,390 |
| Sheet Metal Workers Local Pension Plan | Board of Trustees Sheet Metal Workers Local Pension Plan | 1,705 | $80.4M | $47,140 |
| Sheet Metal Workers' Local No. 33 Cleveland District Pension Plan | Trustees of Sheet Metal Workers Local 33 Pension Plan | 1,341 | $191M | $142,210 |
| Plumbers & Pipefitters Local No 189 Pension Plan | Plumbers & Pipefitters Local No 189 and McAco | 2,055 | $201M | $97,587 |
| Plumbers & Pipefitters Local 162 Pension Fund | Plumbers & Pipefitters Local 162 | 1,306 | $98.0M | $75,029 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Cement Masons Local No. 886/404 Pension Plan?
1,471 participants at the end of the plan year ending 30 Jun 2025, of whom 590 were active employees, with net assets of $159,374,303. 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 Cement Masons Local No. 886/404 Pension Plan Board of Trustees contribute per participant?
The filing reports $6,806,030 in employer contributions for the year, which is $11,536 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 $589,255 in compensation to service provider organisations, $401 per participant or 0.37% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $881,303. 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 Cement Masons Local No. 886/404 Pension Plan Board of Trustees. Recordkeeping or administration: Benesys, Inc. and Ohio Conference of Plasterers & CM. Investment advisory or management: American Realty Advisors, Ifm Global and HGK Asset Management. Inc.. Trustee or custodian: Autopistas. The financial statements were audited by Bonadio & Co., 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 13 Apr 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 34-1290577, plan 001, received 13 Apr 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.