Michigan › Manufacturing › 250 to 499 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
International Brotherhood of Electrical Workers Local No. 1392 Pension Fund
Sponsored by International Brotherhood of Electrical WKRS Local No. 1392, Lansing, 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.
International Brotherhood of Electrical Workers Local No. 1392 Pension Fund is a defined benefit pension plan sponsored by International Brotherhood of Electrical WKRS Local No. 1392 of Lansing, Michigan. For the plan year ending 31 May 2025 it reported 353 participants, 30 of them active, and net assets of $13.8M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $39,012 per participant, well below the $87,254 median for defined benefit plans with 250 to 499 participants and well below the $67,961 median for defined benefit plans in manufacturing. 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 $166K for the year ($5,540 per active participant) and benefits paid were $1.5M. 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 $295K: $835 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $340K. 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 $10.6M in 2009 to $13.8M in 2024 (up 30%), and participants from 397 to 353 (down 11%).
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 | $39,012 | $87,254 | $67,961 | $86,221 |
| Employer contributions per active participant | $5,540 | $11,032 | $6,915 | $10,244 |
| Schedule C compensation per participant | $835 | $413 | $299 | $344 |
| Schedule C compensation, share of net assets | 2.1% | 0.51% | 0.47% | 0.42% |
| Administrative expenses per participant | $963 | $596 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), manufacturing (1,532) 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 | 353 | $13.8M | $39,011 | $166K | — | $295K |
| 2023 | 349 | $14.2M | $40,693 | $213K | — | $179K |
| 2022 | 350 | $14.2M | $40,583 | $354K | — | $168K |
| 2021 | 356 | $18.0M | $50,534 | $255K | — | $205K |
| 2020 | 357 | $19.6M | $54,854 | $3.1M | — | $490K |
| 2019 | 369 | $14.2M | $38,390 | $493K | — | $185K |
| 2018 | 376 | $14.5M | $38,628 | $441K | — | $174K |
| 2017 | 388 | $15.2M | $39,232 | $369K | — | $161K |
| 2016 | 409 | $14.9M | $36,423 | $374K | — | $154K |
| 2015 | 411 | $14.2M | $34,465 | $375K | — | $152K |
| 2014 | 402 | $14.9M | $37,127 | $939K | — | $177K |
| 2013 | 427 | $14.1M | $32,925 | $374K | — | $165K |
| 2012 | 445 | $13.0M | $29,279 | $323K | — | $140K |
| 2011 | 451 | $11.7M | $25,831 | $302K | — | $137K |
| 2010 | 411 | $12.1M | $29,418 | $212K | — | $137K |
| 2009 | 397 | $10.6M | $26,657 | $176K | — | $120K |
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$14,201,988
- Employer contributions$166,210
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$166,210
- Total income, including investment results$1,435,193
- Benefits paid$1,525,912
- Administrative expenses$339,926
- Total expenses$1,865,838
- Net income−$430,645
- Net transfers$0
- Net assets, end of year$13,771,343
Participants
- Active participants30
- Retired or separated, receiving benefits161
- Retired or separated, entitled to future benefits141
- Total participants, end of year353
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Stout Risius Ross, LLC | Investment advisory (plan) | $65,912 | $0 |
| Groom Law Group | Legal | $56,324 | $0 |
| Cheiron | Actuarial | $46,810 | $0 |
| Marquette Associates | Investment management | $35,000 | $0 |
| Tic Midwest, LLC | Accounting (including auditing); Contract Administrator; Recordkeeping and information management; Participant communication | $30,087 | $0 |
| Cherry Bekaert LLP | Accounting (including auditing) | $21,630 | $0 |
| Morgan Stanley Prime Property | Investment management | $20,922 | $0 |
| 1st Source | Custodial (securities) | $18,010 | $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
- Legal fees$140,057
- Investment advisory and management fees$56,651
- Actuarial fees$46,810
- Other administrative expenses$27,751
- Contract administrator fees$27,450
- IQPA audit fees$21,630
- Trustee and custodial fees$18,010
- Other trustee fees and expenses$1,567
- Total administrative expenses$339,926
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)$6.0M · 43.6%
- Common/collective trusts$5.6M · 40.4%
- Real estate$2.0M · 14.1%
- Cash (interest and non-interest bearing)$227K · 1.6%
- Receivables$29K · 0.2%
- Buildings and other property used in plan operation$376 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBenda, Grace, Stulz & Company, P.C.
- 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 335900: Other Electrical Equipment & Component Mfg.
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Shenango Incorporated Pension Plan | Shenango, LLC | 360 | $13.0M | $36,199 |
| CSP Pension Plan for Hourly Employees -N. Baltimore | CSP Innovations Ohio Payroll Co., LLC. | 327 | $17.2M | $52,473 |
| Sekisui Voltek, LLC Retirement Plan | Sekisui Voltek, LLC | 370 | $32.8M | $88,579 |
| H. D. Hudson Legacy Defined Benefit Pension Plan | H. D. Hudson Manufacturing Company | 322 | $9.5M | $29,489 |
| Wacker Salaried Pension Plan | Wacker Chemical Corporation | 447 | $96.8M | $216,605 |
| Huron Valley Steel Corporation Employees' Retirement Plan | Huron Valley Steel Corporation | 317 | $37.4M | $118,004 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is International Brotherhood of Electrical Workers Local No. 1392 Pension Fund?
353 participants at the end of the plan year ending 31 May 2025, of whom 30 were active employees, with net assets of $13,771,343. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does International Brotherhood of Electrical WKRS Local No. 1392 contribute per participant?
The filing reports $166,210 in employer contributions for the year, which is $5,540 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 $294,695 in compensation to service provider organisations, $835 per participant or 2.1% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $339,926. 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 International Brotherhood of Electrical WKRS Local No. 1392. Recordkeeping or administration: Tic Midwest, LLC. Investment advisory or management: Stout Risius Ross, LLC, Marquette Associates and Morgan Stanley Prime Property. Trustee or custodian: 1st Source. The financial statements were audited by Benda, Grace, Stulz & Company, 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. 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 16 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 35-6244875, plan 001, received 16 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.