Illinois › Manufacturing › 250 to 499 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Drivers Union Local 753 Ib of T C W & H of a and Milk Dealers' Pension Trust
Sponsored by Trustees of Drivers 753 and Milk Dealers Pension Trust Fund, Elmhurst, 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.
Trustees of Drivers 753 and Milk Dealers Pension Trust Fund of Elmhurst, Illinois sponsors Drivers Union Local 753 Ib of T C W & H of a and Milk Dealers' Pension Trust, a defined benefit pension plan. Its Form 5500 for the plan year ending 30 Apr 2025 shows 286 participants (0 active) and $16.2M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $56,718 per participant, well below the $87,254 median for defined benefit plans with 250 to 499 participants and 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.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $182K: $635 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $419K. 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 $22.3M in 2009 to $16.2M in 2024 (down 27%), and participants from 593 to 286 (down 52%).
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 | $56,718 | $87,254 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $11,032 | $6,915 | $10,244 |
| Schedule C compensation per participant | $635 | $413 | $299 | $344 |
| Schedule C compensation, share of net assets | 1.1% | 0.51% | 0.47% | 0.42% |
| Administrative expenses per participant | $1,464 | $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 | 286 | $16.2M | $56,717 | — | — | $182K |
| 2023 | 295 | $16.8M | $56,861 | — | — | $178K |
| 2022 | 306 | $16.5M | $54,056 | — | — | $207K |
| 2021 | 322 | $17.9M | $55,674 | — | — | $209K |
| 2020 | 336 | $20.3M | $60,458 | $0 | — | $216K |
| 2019 | 366 | $17.1M | $46,781 | $3,000 | — | $217K |
| 2018 | 383 | $19.2M | $50,162 | $3,000 | — | $227K |
| 2017 | 398 | $20.6M | $51,709 | $4,000 | — | $237K |
| 2016 | 419 | $20.5M | $48,945 | $32K | — | $268K |
| 2015 | 442 | $19.7M | $44,640 | $49K | — | $233K |
| 2014 | 462 | $22.3M | $48,271 | $69K | — | $270K |
| 2013 | 481 | $23.0M | $47,904 | $89K | — | $235K |
| 2012 | 494 | $21.5M | $43,453 | $93K | — | $224K |
| 2011 | 514 | $20.9M | $40,724 | $96K | — | $249K |
| 2010 | 546 | $22.3M | $40,923 | $111K | — | $259K |
| 2009 | 593 | $22.3M | $37,624 | $199K | — | $266K |
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$16,774,353
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$867,720
- Benefits paid$1,002,212
- Administrative expenses$418,631
- Total expenses$1,420,843
- Net income−$553,123
- Net transfers$0
- Net assets, end of year$16,221,230
Participants
- Active participants0
- Retired or separated, receiving benefits135
- Retired or separated, entitled to future benefits97
- Total participants, end of year286
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Asb Capital Management | Investment management | $82,629 | $0 |
| Legacy Professionals LLP | Accounting (including auditing) | $32,000 | $0 |
| Morgan Stanley Smith Barney LLC | Custodial (securities); Investment advisory (plan); Securities brokerage | $29,991 | $0 |
| Cheiron | Actuarial | $29,200 | $0 |
| Amalgatrust | Custodial (securities); Investment management | $7,737 | $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$177,383
- Investment advisory and management fees$121,056
- Other trustee fees and expenses$39,945
- IQPA audit fees$32,000
- Actuarial fees$29,200
- Legal fees$9,693
- Trustee and custodial fees$9,354
- Total administrative expenses$418,631
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.
- Corporate stocks$8.1M · 49.6%
- Corporate debt instruments$2.3M · 14.1%
- U.S. Government securities$1.9M · 11.5%
- Cash (interest and non-interest bearing)$1.5M · 9.0%
- Registered investment companies (mutual funds)$1.4M · 8.4%
- Common/collective trusts$950K · 5.8%
- Other investments$182K · 1.1%
- Receivables$99K · 0.6%
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, $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)1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 311500: Dairy Product Mfg.
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Shure Incorporated Employees' Retirement Plan | Shure Incorporated | 288 | $14.6M | $50,615 |
| Trivium Defined Benefit Plan | Trivium Packaging USA Inc. | 278 | $15.4M | $55,485 |
| Employees Pension Plan for Sharon Tube Company | Wheatland Tube, LLC | 295 | $86.0M | $291,486 |
| Hourly Employees' Pension Plan of Rollex Corporation | Rollex Corporation | 273 | $7.4M | $26,971 |
| Employees Pension Plan of United Conveyor Corporation | United Conveyor, LLC | 309 | $21.9M | $70,729 |
| Stepan Company Retirement Plan for Millsdale Hourly and Anaheim Hourly Employees | Stepan Company | 255 | $26.3M | $103,023 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Drivers Union Local 753 Ib of T C W & H of a and Milk Dealers' Pension Trust?
286 participants at the end of the plan year ending 30 Apr 2025, of whom 0 were active employees, with net assets of $16,221,230. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Trustees of Drivers 753 and Milk Dealers Pension Trust Fund 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 $181,557 in compensation to service provider organisations, $635 per participant or 1.1% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $418,631. 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 Drivers 753 and Milk Dealers Pension Trust Fund. Investment advisory or management: Asb Capital Management, Morgan Stanley Smith Barney LLC and Amalgatrust. Trustee or custodian: Morgan Stanley Smith Barney LLC and Amalgatrust. 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 28 Jan 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 36-2131365, plan 001, received 28 Jan 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.