Michigan › Construction › 25,000 or more participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Ohio Carpenters' Pension Plan
Sponsored by Trustees of Ohio Carpenters' Pension Plan, Troy, MI
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 Carpenters' Pension Plan covered 31,115 participants and held $2.12B in net assets. The plan is a defined benefit pension plan sponsored by Trustees of Ohio Carpenters' Pension Plan of Troy, Michigan. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $68,151 per participant, well below the $88,040 median for defined benefit plans with 25,000 or more 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 $173M for the year ($13,790 per active participant) and benefits paid were $269M. 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 14 service provider organisations paid $5,000 or more, with reported compensation of $6.7M: $215 per participant, well above the same-size median of $143. Administrative expenses charged to the plan were $11.5M. 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 $2.06B in 2009 to $2.12B in 2024 (up 3%), and participants from 27,580 to 31,115 (up 13%).
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 | $68,151 | $88,040 | $100,593 | $86,221 |
| Employer contributions per active participant | $13,790 | $6,524 | $13,292 | $10,244 |
| Schedule C compensation per participant | $215 | $143 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.32% | 0.26% | 0.46% | 0.42% |
| Administrative expenses per participant | $369 | $306 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 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 | 31,115 | $2.12B | $68,151 | $173M | — | $6.7M |
| 2023 | 33,674 | $2.11B | $62,611 | $147M | — | $6.3M |
| 2022 | 32,433 | $2.13B | $65,605 | $145M | — | $6.4M |
| 2021 | 32,237 | $2.27B | $70,377 | $128M | — | $6.6M |
| 2020 | 31,894 | $2.36B | $74,101 | $115M | — | $6.6M |
| 2019 | 31,371 | $1.91B | $60,826 | $127M | — | $6.2M |
| 2018 | 30,197 | $2.07B | $68,433 | $122M | — | $8.2M |
| 2017 | 26,018 | $2.07B | $79,669 | $107M | — | $7.8M |
| 2016 | 25,768 | $2.00B | $77,479 | $95.7M | — | $6.4M |
| 2015 | 28,058 | $1.93B | $68,899 | $88.0M | — | $6.3M |
| 2014 | 30,905 | $2.06B | $66,636 | $76.6M | — | $6.7M |
| 2013 | 30,044 | $2.10B | $69,903 | $64.5M | — | $6.7M |
| 2012 | 27,224 | $2.10B | $77,153 | $53.1M | — | $6.1M |
| 2009 | 27,580 | $2.06B | $74,549 | $41.8M | — | $13.1M |
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$2,108,356,153
- Employer contributions$172,636,269
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$172,636,269
- Total income, including investment results$292,664,574
- Benefits paid$269,023,686
- Administrative expenses$11,478,731
- Total expenses$280,502,417
- Net income$12,162,157
- Net transfers$0
- Net assets, end of year$2,120,518,310
Participants
- Active participants12,519
- Retired or separated, receiving benefits11,132
- Retired or separated, entitled to future benefits4,781
- Total participants, end of year31,115
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Morgan Stanley Smith Barney | Investment advisory (plan); Investment management | $1,664,136 | $0 |
| Benesys Inc. | Contract Administrator; Copying and duplicating; Other services | $1,573,365 | $0 |
| Hamilton Lane Advisors, LLC | Investment advisory (plan) | $741,821 | $213,469 |
| Comerica | Custodial (other than securities); Custodial (securities) | $438,021 | $0 |
| Metwest Asset Management | Investment management | $386,205 | $0 |
| United Actuarial Services | Actuarial | $323,558 | $0 |
| Loomis Sayles | Investment management | $316,595 | $0 |
| Sage Advisory Services | Investment management | $283,380 | $0 |
| Legacy Professionals LLP | Accounting (including auditing); Recordkeeping and information management | $270,717 | $0 |
| Cmrcc Fringe Benefit Fund, Inc. | Recordkeeping and information management; Other services | $246,076 | $0 |
| Segal Select Insurance Service | Insurance services | $0 | $78,022 |
| Key Bank National Association | Investment management | $49,519 | $22,938 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 2 smaller rows are not shown. 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
- Other administrative expenses$5,100,263
- Investment advisory and management fees$3,334,446
- Contract administrator fees$1,529,698
- Trustee and custodial fees$477,422
- Actuarial fees$323,558
- IQPA audit fees$270,717
- Recordkeeping fees$246,076
- Legal fees$196,551
- Total administrative expenses$11,478,731
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.
- Partnership/joint venture interests$650M · 30.4%
- Common/collective trusts$642M · 30.0%
- Corporate debt instruments$217M · 10.2%
- Corporate stocks$198M · 9.2%
- U.S. Government securities$190M · 8.9%
- Cash (interest and non-interest bearing)$104M · 4.9%
- Registered investment companies (mutual funds)$82.7M · 3.9%
- Receivables$28.6M · 1.3%
- Other investments$24.2M · 1.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmLegacy Professionals LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,500,000
- 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 238300: Building Finishing Contractors (including drywall, insulation, painting, wallcovering, flooring, tile, & finish carpentry).
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Michigan Laborers' Pension Plan | Board of Trustees Michigan Laborers' Pension Fund | 28,837 | $1.33B | $46,125 |
| Carpenters' Pension Trust Fund - Detroit and Vicinity | Board of Trustees of Carpenters' Pension Trust Funddetroit&vicinity | 22,212 | $1.34B | $60,204 |
| Operating Engineers' Local 324 Pension Fund | Joint Board of Trustees Operating Engineers Local 324 | 21,246 | $1.92B | $90,160 |
| Indiana State Council of Carpenters Pension Fund | Board of Trustees Indiana State Council of Carpenters Pension Fund | 17,170 | $1.35B | $78,607 |
| Indiana/kentucky/ohio Regional Council of Carpenters Pension Fund | Board of Trustees Indiana/kentucky/ohio Regional Council Carpenters Pe | 13,860 | $1.78B | $128,465 |
| Laborers Pension Trust Fund - Detroit and Vicinity | Board of Trustees,laborers Pension Trust Fund-Detroit and Vicinity | 11,153 | $884M | $79,267 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Ohio Carpenters' Pension Plan?
31,115 participants at the end of the plan year ending 30 Apr 2025, of whom 12,519 were active employees, with net assets of $2,120,518,310. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does Trustees of Ohio Carpenters' Pension Plan contribute per participant?
The filing reports $172,636,269 in employer contributions for the year, which is $13,790 per active participant; the median for plans of the same type and size was $6,524 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 $6,700,200 in compensation to service provider organisations, $215 per participant or 0.32% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $11,478,731. 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 Trustees of Ohio Carpenters' Pension Plan. Recordkeeping or administration: Benesys Inc., Legacy Professionals LLP and Cmrcc Fringe Benefit Fund, Inc.. Investment advisory or management: Morgan Stanley Smith Barney, Hamilton Lane Advisors, LLC and Metwest Asset Management. Trustee or custodian: Comerica. The financial statements were audited by Legacy Professionals 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 May 2024 to 30 Apr 2025, received by the Department of Labor on 13 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 34-6574360, plan 001, received 13 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.