Illinois › Transportation and warehousing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Local 743 Severance and Retirement Plan
Sponsored by Trustees of Local 743 Ib of T, Oak Brook, 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 Local 743 Ib of T of Oak Brook, Illinois sponsors Local 743 Severance and Retirement Plan, a profit-sharing plan. Its Form 5500 for the plan year ending 31 Dec 2025 shows 3,039 participants (3,039 active) and $16.1M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $4,750 per participant in plan year 2024, well below the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well below the $32,883 median for defined contribution plans in transportation and warehousing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $1.0M during the year, or $332 per active participant against a same-size median of $2,045; participants contributed —. Benefits paid out totalled $1.1M.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $234K: $77.16 per participant, below the same-size median of $82.08. Administrative expenses charged to the plan were $305K. 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 $7.2M in 2009 to $16.1M in 2025 (up 122%), and participants from 6,527 to 3,039 (down 53%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $4,750 | $50,295 | $32,883 | $53,102 |
| Employer contributions per active participant | $297 | $2,045 | $1,396 | $2,175 |
| Schedule C compensation per participant | $73.63 | $82.08 | $113 | $123 |
| Schedule C compensation, share of net assets | 1.6% | 0.17% | 0.33% | 0.26% |
| Administrative expenses per participant | $104 | $82.20 | $97.79 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), transportation and warehousing (1,909) and all US plans (63,460). 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 | 3,039 | $16.1M | $5,283 | $1.0M | — | $234K |
| 2024 | 3,071 | $14.6M | $4,750 | $912K | — | $226K |
| 2023 | 2,931 | $13.6M | $4,654 | $834K | — | $162K |
| 2022 | 3,144 | $13.7M | $4,361 | $1.0M | — | $177K |
| 2021 | 3,072 | $16.8M | $5,481 | $801K | — | $158K |
| 2020 | 3,352 | $15.1M | $4,507 | $826K | — | $150K |
| 2019 | 3,134 | $13.4M | $4,280 | $882K | — | $140K |
| 2018 | 4,566 | $11.9M | $2,615 | $937K | — | $168K |
| 2017 | 5,041 | $12.3M | $2,444 | $892K | — | $188K |
| 2016 | 7,736 | $11.1M | $1,441 | $938K | — | $251K |
| 2015 | 7,578 | $10.5M | $1,384 | $893K | — | $231K |
| 2014 | 7,471 | $10.3M | $1,376 | $832K | — | $205K |
| 2013 | 7,254 | $9.7M | $1,339 | $706K | — | $207K |
| 2012 | 6,975 | $8.7M | $1,250 | $696K | — | $209K |
| 2011 | 6,810 | $8.2M | $1,197 | $674K | — | $186K |
| 2010 | 6,511 | $8.1M | $1,240 | $644K | — | $179K |
| 2009 | 6,527 | $7.2M | $1,110 | $589K | — | $197K |
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$14,588,190
- Employer contributions$1,007,641
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$1,007,641
- Total income, including investment results$2,908,795
- Benefits paid$1,138,006
- Administrative expenses$305,296
- Total expenses$1,443,302
- Net income$1,465,493
- Net transfers$0
- Net assets, end of year$16,053,683
Participants
- Active participants3,039
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits—
- Participants with account balances3,039
- Total participants, end of year3,039
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Benfits Management Group Inc. | Contract Administrator | $139,268 | $0 |
| Calibre CPA Group | Accounting (including auditing) | $55,854 | $0 |
| Laner, Muchin Ltd. | Accounting (including auditing) | $18,378 | $0 |
| Amalgamated Bank of Chicago | Custodial (securities) | $13,754 | $0 |
| Bond Brothers & Co. Inc. | Copying and duplicating | $7,227 | $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
- Contract administrator fees$139,268
- Investment advisory and management fees$59,067
- Other administrative expenses$40,385
- IQPA audit fees$22,450
- Legal fees$18,378
- Trustee and custodial fees$13,754
- Recordkeeping fees$11,994
- Total administrative expenses$305,296
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$10.5M · 65.6%
- Corporate debt instruments$2.6M · 16.1%
- U.S. Government securities$2.2M · 13.4%
- Cash (interest and non-interest bearing)$447K · 2.8%
- Other investments$178K · 1.1%
- Receivables$147K · 0.9%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group, PLLC
- 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
2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 484110: General Freight Trucking, Local.
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Echo Global Logistics 401(k) Savings and Retirement Plan | Echo Global Logistics, Inc. | 3,226 | $199M | $61,766 |
| Its Technologies & Logistics, LLC 401(k) Retirement Savings Plan | Its Technologies & Logistics, LLC | 2,694 | $58.6M | $21,740 |
| Illinois Central Companies 401(k) and Profit Sharing Plan | Illinois Central School Bus, LLC | 3,294 | $10.8M | $3,274 |
| Nippon Express U.S.A., Inc. Group 401(k) Plan | Nippon Express U.S.A, Inc. | 2,587 | $146M | $56,447 |
| Quantix SCS 401(k) Plan | Quantix SCS, LLC | 3,374 | $85.2M | $25,248 |
| Ait Worldwide Logistics, Inc. 401(k) Savings Plan | Ait Worldwide Logistics, Inc. | 2,269 | $145M | $63,990 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is Local 743 Severance and Retirement Plan?
3,039 participants at the end of the plan year ending 31 Dec 2025, of whom 3,039 were active employees, with net assets of $16,053,683. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does Trustees of Local 743 Ib of T contribute per participant?
The filing reports $1,007,641 in employer contributions for the year, which is $332 per active participant; the median for plans of the same type and size was $2,045 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 $234,481 in compensation to service provider organisations, $77.16 per participant or 1.5% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $305,296. 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 Local 743 Ib of T. Recordkeeping or administration: Benfits Management Group Inc.. Trustee or custodian: Amalgamated Bank of Chicago. The financial statements were audited by Calibre CPA Group, PLLC. 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 20 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 36-6523353, plan 001, received 20 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.