Illinois › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Aug 2024 to 31 Jul 2025
Southern Illinois Laborers & Employers Annuity Fund
Sponsored by Trustees of Southern Illinois Laborers & Employers Annuity Fund, Marion, 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.
In the plan year ending 31 Jul 2025, Southern Illinois Laborers & Employers Annuity Fund covered 5,216 participants and held $165M in net assets. The plan is a profit-sharing plan sponsored by Trustees of Southern Illinois Laborers & Employers Annuity Fund of Marion, Illinois. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $31,721 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well below the $54,962 median for defined contribution 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.
The employer contributed $15.5M during the year, or $5,870 per active participant against a same-size median of $2,424; participants contributed —. Benefits paid out totalled $16.1M.
Schedule C lists 10 service provider organisations paid $5,000 or more, with reported compensation of $620K: $119 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $909K. 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 $25.5M in 2009 to $165M in 2024 (up 550%), and participants from 2,086 to 5,216 (up 150%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $31,721 | $64,499 | $54,962 | $53,102 |
| Employer contributions per active participant | $5,870 | $2,424 | $2,728 | $2,175 |
| Schedule C compensation per participant | $119 | $53.38 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.38% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $174 | $54.85 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), construction (4,204) 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 |
|---|---|---|---|---|---|---|
| 2024 | 5,216 | $165M | $31,721 | $15.5M | — | $620K |
| 2023 | 2,643 | $72.5M | $27,418 | $7.3M | — | $384K |
| 2022 | 2,283 | $66.2M | $29,003 | $6.9M | — | $358K |
| 2021 | 2,323 | $65.3M | $28,098 | $5.8M | — | $328K |
| 2020 | 2,140 | $67.7M | $31,625 | $4.8M | — | $321K |
| 2019 | 2,164 | $60.4M | $27,898 | $4.8M | — | $307K |
| 2018 | 2,366 | $56.9M | $24,035 | $4.4M | — | $309K |
| 2017 | 2,335 | $54.8M | $23,448 | $4.3M | — | $293K |
| 2016 | 3,556 | $51.9M | $14,587 | $5.1M | — | $301K |
| 2015 | 2,674 | $48.8M | $18,237 | $6.1M | — | $250K |
| 2014 | 2,683 | $45.4M | $16,929 | $5.6M | — | $228K |
| 2013 | 2,388 | $41.3M | $17,294 | $5.2M | — | $164K |
| 2012 | 2,245 | $37.6M | $16,763 | $4.7M | — | $132K |
| 2011 | 2,452 | $33.6M | $13,685 | $5.1M | — | $140K |
| 2010 | 2,204 | $29.5M | $13,392 | $4.4M | — | $42K |
| 2009 | 2,086 | $25.5M | $12,207 | $3.6M | — | $41K |
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$72,465,721
- Employer contributions$15,497,845
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$15,497,845
- Total income, including investment results$27,614,489
- Benefits paid$16,118,980
- Administrative expenses$908,638
- Total expenses$17,027,618
- Net income$10,586,871
- Net transfers$82,403,024
- Net assets, end of year$165,455,616
Participants
- Active participants2,640
- Retired or separated, receiving benefits19
- Retired or separated, entitled to future benefits2,551
- Participants with account balances5,216
- Total participants, end of year5,216
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Southern Il Laborers & Employer H&W | Contract Administrator | $274,181 | $0 |
| Ullico Investment Advisors | Investment management | $111,247 | $0 |
| Romolo & Associates | Accounting (including auditing) | $58,840 | $0 |
| Huntleigh | Investment management fees paid directly by plan | $46,055 | $0 |
| Marquette Associates | Investment advisory (plan) | $42,667 | $0 |
| First Eagle Alternative Credit, LLC | Investment management fees paid indirectly by plan | $22,518 | $0 |
| Parametric Portfolio Associates LLC | Direct payment from the plan; Investment management fees paid directly by plan | $22,148 | $0 |
| Neuberger Berman Investment Adviser | Investment management | $17,435 | $0 |
| Cavanagh & O'Hara, LLP | Legal | $15,289 | $0 |
| Central Laborers Pension Fund | Other services | $9,885 | $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
- Trustee and custodial fees$399,423
- Contract administrator fees$285,633
- Other administrative expenses$92,301
- IQPA audit fees$58,840
- Investment advisory and management fees$42,667
- Legal fees$15,289
- Recordkeeping fees$9,885
- Actuarial fees$4,600
- Total administrative expenses$908,638
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$42.7M · 25.8%
- Registered investment companies (mutual funds)$37.8M · 22.8%
- Pooled separate accounts$31.3M · 18.9%
- 103-12 investment entities$28.6M · 17.3%
- Cash (interest and non-interest bearing)$10.1M · 6.1%
- Corporate stocks$6.9M · 4.2%
- Other loans$6.3M · 3.8%
- Receivables$1.9M · 1.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmRomolo & Associates, LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $3,000,000
- 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
2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 237310: Highway, Street, & Bridge.
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Walsh Group Employees Profit Sharing Plan | Walsh Construction Company | 5,976 | $611M | $102,223 |
| Bricklayers and Stone Masons of Illinois DC NO.1, B.A.C. Annuity Fund | Trustees of Bricklayers and Stone Masons Il DC No. 1 B.A.C. Annuity Fu | 5,019 | $288M | $57,390 |
| Plumbers' Retirement Savings Fund, Local 130, U.A. | Board of Trustees for the Plumber's Retirement Savings Fund, Local 130 | 6,239 | $523M | $83,855 |
| Structural Iron Workers Local #1 Annuity Plan | Board of Trustees of Structural Iw Local #1 Annuity Plan | 4,555 | $444M | $97,424 |
| Iron Workers' Mid-America Supplemental Monthly Annuity (Sma) Fund | Trustees of Iron Wkers' Mid-America Supplemental | 7,052 | $892M | $126,429 |
| Tecta America Corp. Profit Sharing and 401(k) Plan | Tecta America Corp. | 4,215 | $189M | $44,801 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Southern Illinois Laborers & Employers Annuity Fund?
5,216 participants at the end of the plan year ending 31 Jul 2025, of whom 2,640 were active employees, with net assets of $165,455,616. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Trustees of Southern Illinois Laborers & Employers Annuity Fund contribute per participant?
The filing reports $15,497,845 in employer contributions for the year, which is $5,870 per active participant; the median for plans of the same type and size was $2,424 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 $620,265 in compensation to service provider organisations, $119 per participant or 0.38% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $908,638. 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 Southern Illinois Laborers & Employers Annuity Fund. Recordkeeping or administration: Southern Il Laborers & Employer H&W. Investment advisory or management: Ullico Investment Advisors, Marquette Associates and Neuberger Berman Investment Adviser. The financial statements were audited by Romolo & Associates, LLC. 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 Aug 2024 to 31 Jul 2025, received by the Department of Labor on 13 May 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 37-1215679, plan 001, received 13 May 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.