Illinois › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Structural Iw Local #1 Pension Plan
Sponsored by BD of Trustees-Structural Iw #1 Pension Plan, Forest Park, 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.
Structural Iw Local #1 Pension Plan is a defined benefit pension plan sponsored by BD of Trustees-Structural Iw #1 Pension Plan of Forest Park, Illinois. For the plan year ending 31 Dec 2024 it reported 3,189 participants, 1,121 of them active, and net assets of $663M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $207,987 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 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 $21.2M for the year ($18,942 per active participant) and benefits paid were $42.2M. 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 $1.1M: $351 per participant, above the same-size median of $325. Administrative expenses charged to the plan were $2.4M. 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 $287M in 2009 to $663M in 2024 (up 131%), and participants from 3,730 to 3,189 (down 15%).
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 | $207,987 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $18,942 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $351 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.17% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $751 | $513 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 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 | 3,189 | $663M | $207,987 | $21.2M | — | $1.1M |
| 2023 | 3,252 | $610M | $187,428 | $22.6M | — | $995K |
| 2022 | 3,322 | $559M | $168,325 | $23.5M | — | $1.1M |
| 2021 | 3,276 | $668M | $204,026 | $22.4M | — | $1.2M |
| 2020 | 3,317 | $592M | $178,327 | $23.8M | — | $1.1M |
| 2019 | 3,343 | $531M | $158,714 | $24.6M | — | $1.2M |
| 2018 | 3,399 | $452M | $132,915 | $26.0M | — | $1.2M |
| 2017 | 3,426 | $472M | $137,871 | $27.2M | — | $1.2M |
| 2016 | 3,412 | $418M | $122,584 | $24.3M | — | $1.2M |
| 2015 | 3,410 | $396M | $116,262 | $25.1M | — | $1.3M |
| 2014 | 3,309 | $394M | $119,118 | $20.8M | — | $1.2M |
| 2013 | 3,258 | $375M | $115,128 | $17.1M | — | $957K |
| 2012 | 3,317 | $333M | $100,368 | $19.5M | — | $2.0M |
| 2011 | 3,686 | $309M | $83,936 | $18.3M | — | $1.9M |
| 2010 | 3,630 | $308M | $84,948 | $14.2M | — | $1.8M |
| 2009 | 3,730 | $287M | $76,947 | $16.8M | — | $1.9M |
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$609,515,033
- Employer contributions$21,233,910
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$21,233,910
- Total income, including investment results$98,367,874
- Benefits paid$42,216,293
- Administrative expenses$2,395,403
- Total expenses$44,611,696
- Net income$53,756,178
- Net transfers$0
- Net assets, end of year$663,271,211
Participants
- Active participants1,121
- Retired or separated, receiving benefits1,200
- Retired or separated, entitled to future benefits370
- Total participants, end of year3,189
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| National Investment SVCS Inc. | Investment management | $219,351 | $0 |
| Washington Capital | Investment management | $142,591 | $0 |
| Prudential Insurance Co. | Investment management | $135,210 | $0 |
| Strategic Capital Invstmnt Advisors | Investment advisory (plan) | $115,500 | $0 |
| Principal Financial Group | Investment management fees paid indirectly by plan | $0 | $106,693 |
| Johnson & Krol, LLC | Legal | $90,833 | $0 |
| Legacy Professionals LLP | Accounting (including auditing); Recordkeeping and information management | $88,806 | $0 |
| Bridgeway Benefit Technologies | Consulting (general) | $69,629 | $0 |
| O'Sullivan Associates | Actuarial | $62,600 | $0 |
| Old National Bank | Custodial (securities) | $36,735 | $0 |
| Bond Brothers & Co. Inc. | Other services | $13,920 | $0 |
| K-Plus Computer Services, LLC | Other services | $9,750 | $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$742,579
- Salaries and allowances$704,646
- Other administrative expenses$486,158
- Legal fees$198,142
- IQPA audit fees$74,350
- Recordkeeping fees$73,494
- Actuarial fees$62,600
- Trustee and custodial fees$36,735
- Other trustee fees and expenses$16,699
- Total administrative expenses$2,395,403
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)$452M · 68.1%
- Common/collective trusts$80.9M · 12.2%
- Partnership/joint venture interests$55.7M · 8.4%
- 103-12 investment entities$29.0M · 4.4%
- Real estate$20.6M · 3.1%
- Pooled separate accounts$13.7M · 2.1%
- Cash (interest and non-interest bearing)$9.3M · 1.4%
- Receivables$2.5M · 0.4%
- Buildings and other property used in plan operation$191K · 0.0%
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
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.
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Pension Fund of Cement Masons Union Local No. 502 | Board of Trustees Cement Masons' Pension Fund | 3,202 | $540M | $168,632 |
| Painters District Council No. 30 Pension Fund | Board of Trustees Painters District Coun No. 30 Pension Fund | 3,081 | $460M | $149,395 |
| Smart Local 265 Pension Fund | Trustees of the Smart Local 265 Pension Fund | 3,363 | $607M | $180,393 |
| IBEW Local 701 Pension Fund | Board of Trustees, 701 Pension Fund | 2,779 | $528M | $189,822 |
| Roofers Pension Fund | Board of Trustees of Roofers Pension Fund | 4,154 | $529M | $127,379 |
| Fox Valley & Vicinity Construction Workers Pension Fund | Trustees of the Fox Valley Const Workers Pension | 2,515 | $336M | $133,535 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Structural Iw Local #1 Pension Plan?
3,189 participants at the end of the plan year ending 31 Dec 2024, of whom 1,121 were active employees, with net assets of $663,271,211. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does BD of Trustees-Structural Iw #1 Pension Plan contribute per participant?
The filing reports $21,233,910 in employer contributions for the year, which is $18,942 per active participant; the median for plans of the same type and size was $10,593 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 $1,119,729 in compensation to service provider organisations, $351 per participant or 0.17% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $2,395,403. 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-Structural Iw #1 Pension Plan. Recordkeeping or administration: Legacy Professionals LLP. Investment advisory or management: National Investment SVCS Inc., Washington Capital and Prudential Insurance Co.. Trustee or custodian: Old National 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 2024 to 31 Dec 2024, received by the Department of Labor on 7 Oct 2025. 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 36-2872442, plan 001, received 7 Oct 2025; 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.