Illinois › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Midwest Pension Plan
Sponsored by Board of Trustees - Midwest Pension Plan, Hillside, 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.
Midwest Pension Plan is a defined benefit pension plan sponsored by Board of Trustees - Midwest Pension Plan of Hillside, Illinois. For the plan year ending 31 Dec 2025 it reported 11,287 participants, 2,006 of them active, and net assets of $130M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $10,597 per participant in plan year 2024, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 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 $1.6M for the year ($789 per active participant) and benefits paid were $8.3M. 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 $945K: $83.75 per participant, well below the same-size median of $232. Administrative expenses charged to the plan were $2.5M. 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 $105M in 2009 to $130M in 2025 (up 23%), and participants from 12,746 to 11,287 (down 11%).
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 | $10,597 | $87,623 | $67,961 | $86,221 |
| Employer contributions per active participant | $731 | $9,468 | $6,915 | $10,244 |
| Schedule C compensation per participant | $113 | $232 | $299 | $344 |
| Schedule C compensation, share of net assets | 1.1% | 0.30% | 0.47% | 0.42% |
| Administrative expenses per participant | $224 | $396 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 |
|---|---|---|---|---|---|---|
| 2025 | 11,287 | $130M | $11,516 | $1.6M | — | $945K |
| 2024 | 11,544 | $122M | $10,597 | $1.5M | — | $1.3M |
| 2023 | 11,349 | $127M | $11,175 | $1.3M | — | $1.3M |
| 2022 | 11,386 | $132M | $11,559 | $4.7M | — | $1.3M |
| 2021 | 11,431 | $147M | $12,883 | $1.3M | — | $1.7M |
| 2020 | 11,775 | $135M | $11,481 | $2.6M | — | $1.4M |
| 2019 | 12,021 | $135M | $11,197 | $1.5M | — | $1.2M |
| 2018 | 11,990 | $124M | $10,350 | $4.9M | — | $1.2M |
| 2017 | 12,866 | $135M | $10,454 | $2.8M | — | $1.1M |
| 2016 | 12,980 | $125M | $9,604 | $1.8M | — | $1.1M |
| 2015 | 12,843 | $124M | $9,664 | $2.0M | — | $1.1M |
| 2014 | 12,670 | $127M | $9,990 | $2.2M | — | $1.2M |
| 2013 | 12,284 | $127M | $10,365 | $2.6M | — | $1.1M |
| 2012 | 12,163 | $114M | $9,402 | $1.6M | — | $1.0M |
| 2011 | 11,648 | $93.5M | $8,026 | $1.9M | — | $1.0M |
| 2010 | 12,102 | $112M | $9,279 | $1.4M | — | $910K |
| 2009 | 12,746 | $105M | $8,274 | $1.4M | — | $859K |
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$122,331,535
- Employer contributions$1,581,980
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$1,581,980
- Total income, including investment results$18,395,627
- Benefits paid$8,282,885
- Administrative expenses$2,464,294
- Total expenses$10,747,179
- Net income$7,648,448
- Net transfers$0
- Net assets, end of year$129,979,983
Participants
- Active participants2,006
- Retired or separated, receiving benefits3,602
- Retired or separated, entitled to future benefits5,249
- Total participants, end of year11,287
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Chevy Chase Trust | Trustee (bank, trust company, or similar financial institution); Investment management | $148,254 | $0 |
| Automatic Data Processing | Other services | $142,272 | $0 |
| Bridgeway Benefit Technologies LLC | Consulting (general) | $99,605 | $0 |
| Legacy Professionals LLP | Accounting (including auditing); Recordkeeping and information management | $82,525 | $0 |
| Boyd Watterson Asset Management LLC | Investment management | $67,195 | $0 |
| Intercontinental Real Estate Corp. | Investment management | $63,809 | $0 |
| Strategic Capital Advisors, Inc. | Investment advisory (plan) | $60,000 | $0 |
| Horizon Actuarial Services LLC | Actuarial | $58,597 | $0 |
| Johnson & Krol, LLC | Legal | $54,665 | $0 |
| Everactive Solutions, Inc. | Consulting (general) | $38,606 | $0 |
| Hardman Johnston Glbal Advisors LL | Investment management | $31,607 | $0 |
| Dearborn Partners, LLC | Investment management | $27,145 | $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
- Other administrative expenses$1,188,583
- Investment advisory and management fees$843,717
- Salaries and allowances$220,987
- IQPA audit fees$71,875
- Actuarial fees$68,901
- Legal fees$54,665
- Recordkeeping fees$11,150
- Trustee and custodial fees$4,416
- Total administrative expenses$2,464,294
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)$70.1M · 53.9%
- Common/collective trusts$28.6M · 22.0%
- Partnership/joint venture interests$13.1M · 10.1%
- Other investments$12.5M · 9.6%
- Receivables$4.1M · 3.2%
- Cash (interest and non-interest bearing)$1.2M · 0.9%
- 103-12 investment entities$535K · 0.4%
- Buildings and other property used in plan operation$158 · 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, $750,000
- 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 326100: Plastics Product Mfg.
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| United Food and Commercial Workers Local 1546 Pension Plan | Board of Trustees of United Food & Commercial WKRS Local 1546 Pension | 12,224 | $217M | $17,763 |
| International Motors, LLC Hourly Employees Pension Plan No. 1 | International Motors, LLC | 11,121 | $713M | $64,149 |
| Adm Pension Plan for Hourly-Wage Employees | Archer Daniels Midland Company | 13,063 | $251M | $19,234 |
| Adm Retirement Plan | Archer Daniels Midland Company | 10,901 | $667M | $61,219 |
| Conagra Brands, Inc. Pension Plan for Hourly Rate Production Employees | Conagra Brands, Inc. | 15,656 | $488M | $31,144 |
| Kellanova Pension Plan | Kellanova | 10,654 | $1.20B | $112,383 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Midwest Pension Plan?
11,287 participants at the end of the plan year ending 31 Dec 2025, of whom 2,006 were active employees, with net assets of $129,979,983. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Board of Trustees - Midwest Pension Plan contribute per participant?
The filing reports $1,581,980 in employer contributions for the year, which is $789 per active participant; the median for plans of the same type and size was $9,468 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 $945,324 in compensation to service provider organisations, $83.75 per participant or 0.73% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $2,464,294. 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 Board of Trustees - Midwest Pension Plan. Recordkeeping or administration: Legacy Professionals LLP. Investment advisory or management: Chevy Chase Trust, Boyd Watterson Asset Management LLC and Intercontinental Real Estate Corp.. Trustee or custodian: Chevy Chase Trust. 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 15 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 36-6512748, plan 001, received 15 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.