Illinois › Other services › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Retirement Plan for Employees of International Brotherhood of Electrical Workers Local 134
Sponsored by IBEW Local Union No. 134, Chicago, IL
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.
Retirement Plan for Employees of International Brotherhood of Electrical Workers Local 134 is a defined benefit pension plan sponsored by IBEW Local Union No. 134 of Chicago, Illinois. For the plan year ending 31 Dec 2025 it reported 107 participants, 15 of them active, and net assets of $29.2M.
Net assets came to $253,864 per participant in plan year 2024, well above the $80,635 median for defined benefit plans with 100 to 249 participants and well above the $110,377 median for defined benefit plans in other services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $51K: $481 per participant, above the same-size median of $451. Administrative expenses charged to the plan were $71K. 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 $13.1M in 2009 to $29.2M in 2025 (up 123%), and participants from 127 to 107 (down 16%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $253,864 | $80,635 | $110,377 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $13,001 | $10,244 |
| Schedule C compensation per participant | $514 | $451 | $486 | $344 |
| Schedule C compensation, share of net assets | 0.20% | 0.52% | 0.44% | 0.42% |
| Administrative expenses per participant | $715 | $582 | $662 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 plans), other services (226) 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 |
|---|---|---|---|---|---|---|
| 2025 | 107 | $29.2M | $273,112 | — | — | $51K |
| 2024 | 109 | $27.7M | $253,862 | — | — | $56K |
| 2023 | 115 | $26.4M | $229,426 | $500K | — | $54K |
| 2022 | 116 | $24.9M | $214,629 | $775K | — | $56K |
| 2021 | 119 | $30.0M | $251,958 | $1.0M | — | $57K |
| 2020 | 120 | $26.7M | $222,225 | $1.0M | — | $65K |
| 2019 | 121 | $24.2M | $199,686 | $1.0M | — | $66K |
| 2018 | 122 | $21.1M | $172,893 | $665K | — | $66K |
| 2017 | 123 | $22.6M | $183,398 | $406K | — | $73K |
| 2016 | 125 | $21.8M | $174,688 | $314K | — | $81K |
| 2015 | 127 | $21.2M | $166,969 | $263K | — | $81K |
| 2014 | 130 | $22.1M | $170,262 | $203K | — | $142K |
| 2013 | 130 | $21.6M | $166,169 | $88K | — | $136K |
| 2012 | 129 | $19.6M | $151,992 | $1.4M | — | $114K |
| 2011 | 124 | $17.4M | $140,282 | $2.1M | — | $11K |
| 2010 | 126 | $15.9M | $126,024 | $1.8M | — | $10K |
| 2009 | 127 | $13.1M | $103,213 | $1.2M | — | $9,000 |
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$27,671,178
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$3,311,858
- Benefits paid$1,689,075
- Administrative expenses$71,435
- Total expenses$1,760,510
- Net income$1,551,348
- Net transfers$0
- Net assets, end of year$29,222,526
Participants
- Active participants15
- Retired or separated, receiving benefits60
- Retired or separated, entitled to future benefits13
- Total participants, end of year107
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Milliman | Actuarial | $16,950 | $0 |
| Amalgamated Bank | Custodial (securities) | $13,011 | $0 |
| Segal Marco Advisors | Investment advisory (plan) | $12,000 | $0 |
| Legacy Professionals LLP | Accounting (including auditing) | $9,500 | $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
- Other administrative expenses$19,974
- Actuarial fees$16,950
- Trustee and custodial fees$13,011
- Investment advisory and management fees$12,000
- IQPA audit fees$9,500
- Total administrative expenses$71,435
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)$24.7M · 84.3%
- Common/collective trusts$4.1M · 14.0%
- Cash (interest and non-interest bearing)$497K · 1.7%
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, $1,000,000
- 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
1ABenefits are primarily pay related1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 813000: Religious, Grantmaking, Civic, Professional, & Similar Organizations (including condominium and homeowners associations).
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Group Retirement Income Plan No. 7 | Illinois Agricultural Association | 131 | $6.3M | $48,165 |
| Central States Joint Board and Allied Organizations Staff Pension Plan | Board of Trustees C.S.J.B. and Allied Organizations Staff Pension Plan | 102 | $36.8M | $360,545 |
| The Risk Management Association Pension Plan | Prosight Financial Association | 131 | $14.0M | $106,711 |
| Pension Plan for Employees of Easter Seals, Inc. | Easter Seals, Inc. | 171 | $26.0M | $151,930 |
| Alliance for Audited Media Retirement Income Plan | Alliance for Audited Media | 174 | $19.7M | $112,959 |
| Union League Club Employees Retirement Plan | Union League Club of Chicago | 263 | $13.2M | $50,153 |
Defined benefit plans in other services closest in size.
Questions and answers
How big is Retirement Plan for Employees of International Brotherhood of Electrical Workers Local 134?
107 participants at the end of the plan year ending 31 Dec 2025, of whom 15 were active employees, with net assets of $29,222,526. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does IBEW Local Union No. 134 contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $51,461 in compensation to service provider organisations, $481 per participant or 0.18% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $71,435. 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 IBEW Local Union No. 134. Investment advisory or management: Segal Marco Advisors. Trustee or custodian: Amalgamated Bank. 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 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 7 Jul 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 36-1264170, plan 001, received 7 Jul 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.