Illinois › Construction › 25,000 or more participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
Chicago & Vicinity Laborers' District Council Pension Plan
Sponsored by BD of Trustees, Chicago & Vicinity Laborers' Distr. Council Pens Fund, Westchester, 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.
Chicago & Vicinity Laborers' District Council Pension Plan is a defined benefit pension plan sponsored by BD of Trustees, Chicago & Vicinity Laborers' Distr. Council Pens Fund of Westchester, Illinois. For the plan year ending 31 May 2025 it reported 30,331 participants, 11,313 of them active, and net assets of $5.23B. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $172,308 per participant, well above the $88,040 median for defined benefit plans with 25,000 or more participants and well 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 $313M for the year ($27,637 per active participant) and benefits paid were $314M. 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 15 service provider organisations paid $5,000 or more, with reported compensation of $9.9M: $328 per participant, well above the same-size median of $143. Administrative expenses charged to the plan were $17.9M. 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 $1.81B in 2009 to $5.23B in 2024 (up 189%), and participants from 26,695 to 30,331 (up 14%).
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 | $172,308 | $88,040 | $100,593 | $86,221 |
| Employer contributions per active participant | $27,637 | $6,524 | $13,292 | $10,244 |
| Schedule C compensation per participant | $328 | $143 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.19% | 0.26% | 0.46% | 0.42% |
| Administrative expenses per participant | $592 | $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 | 30,331 | $5.23B | $172,308 | $313M | — | $9.9M |
| 2023 | 30,153 | $4.83B | $160,088 | $305M | — | $8.4M |
| 2022 | 30,036 | $4.31B | $143,420 | $301M | — | $9.4M |
| 2021 | 29,522 | $4.27B | $144,735 | $269M | — | $11.0M |
| 2020 | 29,392 | $4.24B | $144,354 | $251M | — | $15.6M |
| 2019 | 29,714 | $3.42B | $114,931 | $268M | — | $12.0M |
| 2018 | 29,590 | $3.37B | $113,834 | $259M | — | $11.2M |
| 2017 | 29,085 | $3.26B | $112,161 | $244M | — | $12.6M |
| 2016 | 28,790 | $2.99B | $103,924 | $232M | — | $12.2M |
| 2015 | 28,336 | $2.68B | $94,588 | $213M | — | $9.9M |
| 2014 | 27,606 | $2.68B | $97,161 | $190M | — | $9.4M |
| 2013 | 26,812 | $2.53B | $94,343 | $158M | — | $8.2M |
| 2012 | 26,730 | $2.33B | $87,096 | $142M | — | $8.3M |
| 2011 | 26,581 | $2.08B | $78,273 | $135M | — | $8.1M |
| 2010 | 26,470 | $2.08B | $78,754 | $128M | — | $8.1M |
| 2009 | 26,695 | $1.81B | $67,664 | $137M | — | $8.3M |
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$4,827,147,048
- Employer contributions$312,654,956
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$312,654,956
- Total income, including investment results$730,574,941
- Benefits paid$313,521,684
- Administrative expenses$17,940,909
- Total expenses$331,462,593
- Net income$399,112,348
- Net transfers$0
- Net assets, end of year$5,226,259,396
Participants
- Active participants11,313
- Retired or separated, receiving benefits10,432
- Retired or separated, entitled to future benefits6,011
- Total participants, end of year30,331
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Ullico Investment Advisors | Investment management | $2,124,476 | $0 |
| LSV Asset Management | Investment management | $788,804 | $0 |
| Loomis, Sayles, & Company | Investment management | $730,841 | $0 |
| National Inv. Serv. of America LLC | Investment management | $649,968 | $0 |
| Alliance Bernstein LP | Investment management fees paid directly by plan | $511,240 | $0 |
| JP Morgan Investment Management | Investment management | $492,768 | $0 |
| William Blair | Investment management fees paid directly by plan | $480,564 | $0 |
| The Union Labor Life Insurance Co. | Investment management | $460,983 | $0 |
| Systematic Financial Management LP | Investment management fees paid directly by plan; 'Soft dollars' commissions | $375,563 | $0 |
| Segal | Actuarial | $308,955 | $0 |
| Marquette Associates Inc. | Investment advisory (plan) | $290,000 | $0 |
| Vitech Systems Sub LLC | Other services | $274,431 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 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
- Investment advisory and management fees$8,021,175
- Salaries and allowances$4,826,957
- Other administrative expenses$3,893,224
- Legal fees$386,831
- Actuarial fees$308,955
- Recordkeeping fees$226,522
- Trustee and custodial fees$187,959
- IQPA audit fees$89,286
- Total administrative expenses$17,940,909
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$2.53B · 48.3%
- Partnership/joint venture interests$1.25B · 24.0%
- Corporate debt instruments$344M · 6.6%
- U.S. Government securities$282M · 5.4%
- 103-12 investment entities$256M · 4.9%
- Corporate stocks$151M · 2.9%
- Cash (interest and non-interest bearing)$112M · 2.1%
- Pooled separate accounts$96.1M · 1.8%
- Registered investment companies (mutual funds)$87.0M · 1.7%
- Other investments$70.3M · 1.3%
- Receivables$50.1M · 1.0%
- Buildings and other property used in plan operation$4.1M · 0.1%
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, $2,000,000
- 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
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 237990: Other Heavy & Civil Engineering Construction.
Other plans of BD of Trustees, Chicago & Vicinity Laborers' Distr. Council Pens Fund
| Plan | Participants | Net assets |
|---|---|---|
| Chicago & Vicinity Laborers District Council Fund Office Staff 401(k) Plan | 114 | $9.7M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Midwest Operating Engineers Pension Trust Fund | Trustees of the Midwest Operating Engineers Pension Trust Fund | 31,707 | $5.77B | $182,108 |
| Electrical Contractors Assoc. of the City of Chgo Local Union 134, IBEW Joint Pension Trust of Chgo Pension Plan #2 | Board of Trustees of Eca Chicago and Local Union 134 IBEW Pension Plan | 19,809 | $2.69B | $135,919 |
| Mid-America Carpenters Regional Council Pension Fund | Board of Trustees of Mid-America Carpenters Regional Council Pension F | 37,623 | $6.30B | $167,547 |
| Central Laborers' Pension Fund | Board of Trustees of Central Laborers' Pension Fund | 16,444 | $1.39B | $84,361 |
| Pipe Fitters Retirement Fund, Local 597 | Trustees of Pipe Fitters Retirement Fund Local 597 | 14,689 | $3.00B | $203,915 |
| Ironworkers National Pension Plan | Ironworkers National Pension Plan Board of Trustees | 13,533 | $502M | $37,102 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Chicago & Vicinity Laborers' District Council Pension Plan?
30,331 participants at the end of the plan year ending 31 May 2025, of whom 11,313 were active employees, with net assets of $5,226,259,396. 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 BD of Trustees, Chicago & Vicinity Laborers' Distr. Council Pens Fund contribute per participant?
The filing reports $312,654,956 in employer contributions for the year, which is $27,637 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 $9,934,163 in compensation to service provider organisations, $328 per participant or 0.19% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $17,940,909. 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 BD of Trustees, Chicago & Vicinity Laborers' Distr. Council Pens Fund. Investment advisory or management: Ullico Investment Advisors, LSV Asset Management and Loomis, Sayles, & Company. 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 Jun 2024 to 31 May 2025, received by the Department of Labor on 11 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 36-2514514, plan 002, received 11 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.