Illinois › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Central Illinois Carpenters Retirement Savings Fun
Sponsored by Board of Trustees Central Illinois Carpenters Retirement Savings Fund, Lincoln, 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.
Central Illinois Carpenters Retirement Savings Fun is a profit-sharing plan sponsored by Board of Trustees Central Illinois Carpenters Retirement Savings Fund of Lincoln, Illinois. For the plan year ending 30 Apr 2025 it reported 8,248 participants, 3,239 of them active, and net assets of $254M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $30,827 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 $18.8M during the year, or $5,804 per active participant against a same-size median of $2,424; participants contributed —. Benefits paid out totalled $16.7M.
Schedule C lists 12 service provider organisations paid $5,000 or more, with reported compensation of $411K: $49.81 per participant, below the same-size median of $53.38. Administrative expenses charged to the plan were $591K. 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 $72.7M in 2009 to $254M in 2024 (up 250%), and participants from 4,019 to 8,248 (up 105%).
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 | $30,827 | $64,499 | $54,962 | $53,102 |
| Employer contributions per active participant | $5,804 | $2,424 | $2,728 | $2,175 |
| Schedule C compensation per participant | $49.81 | $53.38 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.16% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $71.61 | $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 | 8,248 | $254M | $30,827 | $18.8M | — | $411K |
| 2023 | 7,979 | $230M | $28,853 | $18.3M | — | $398K |
| 2022 | 7,624 | $201M | $26,373 | $16.1M | — | $431K |
| 2021 | 7,335 | $198M | $26,957 | $13.8M | — | $1.6M |
| 2020 | 7,125 | $213M | $29,900 | $13.5M | — | $1.6M |
| 2019 | 6,775 | $160M | $23,593 | $12.9M | — | $1.2M |
| 2018 | 6,358 | $159M | $24,950 | $11.6M | — | $947K |
| 2017 | 6,152 | $150M | $24,310 | $10.3M | — | $1.1M |
| 2016 | 5,878 | $138M | $23,424 | $9.3M | — | $885K |
| 2015 | 4,957 | $108M | $21,881 | $9.1M | — | $818K |
| 2014 | 5,169 | $106M | $20,518 | $7.1M | — | $796K |
| 2013 | 4,593 | $98.5M | $21,455 | $6.3M | — | $866K |
| 2012 | 4,230 | $90.7M | $21,446 | $6.9M | — | $657K |
| 2011 | 4,117 | $84.4M | $20,502 | $6.9M | — | $579K |
| 2010 | 3,928 | $80.2M | $20,424 | $5.7M | — | $645K |
| 2009 | 4,019 | $72.7M | $18,100 | $6.0M | — | $547K |
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$230,216,578
- Employer contributions$18,799,271
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$18,799,271
- Total income, including investment results$41,328,459
- Benefits paid$16,691,483
- Administrative expenses$590,615
- Total expenses$17,282,098
- Net income$24,046,361
- Net transfers$0
- Net assets, end of year$254,262,939
Participants
- Active participants3,239
- Retired or separated, receiving benefits61
- Retired or separated, entitled to future benefits4,834
- Participants with account balances8,199
- Total participants, end of year8,248
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Cich & WTF | Contract Administrator | $139,197 | $0 |
| Marquette Associates | Consulting (general) | $90,000 | $0 |
| Garcia Hamilton & Associates, LP | Investment management | $49,155 | $0 |
| Regions Bank | Custodial (securities) | $26,455 | $0 |
| American Realty Advisors | Investment management | $19,518 | $0 |
| Cavanagh & O'Hara LLP | Legal | $18,810 | $0 |
| Parametric Portfolio Associates, LL | Investment management | $16,298 | $0 |
| Romolo & Associates, LLC | Accounting (including auditing) | $16,000 | $0 |
| Bridgeway Benefit Technologies | Recordkeeping and information management | $15,217 | $0 |
| Neuberger Berman Investment Adviser | Investment management | $0 | $15,126 |
| Segal Select Insurance Services Inc. | Insurance brokerage commissions and fees | $0 | $5,055 |
| The Union Labor Life Insurance Comp | Investment management fees paid directly by plan | $0 | $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
- Investment advisory and management fees$334,217
- Contract administrator fees$139,197
- Other administrative expenses$82,391
- Legal fees$18,810
- IQPA audit fees$16,000
- Total administrative expenses$590,615
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$106M · 41.7%
- Registered investment companies (mutual funds)$85.6M · 33.6%
- U.S. Government securities$18.1M · 7.1%
- Cash (interest and non-interest bearing)$17.0M · 6.7%
- Pooled separate accounts$13.6M · 5.3%
- 103-12 investment entities$10.0M · 3.9%
- Receivables$2.4M · 0.9%
- Corporate debt instruments$984K · 0.4%
- Other investments$866K · 0.3%
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, $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
2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238900: Other Specialty Trade Contractors (including site preparation).
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Pipe Fitters Association L.U. 597, U.A. 401(k) Pla | Trustees of Pipe Fitters Association Local 597 | 11,439 | $2.49B | $217,552 |
| IUOE Local 399 Participating Employers Deferred Compensation Employee Savings Plan | Board of Trustees IUOE Local 399 Deferred Compensation Savings Plan | 7,098 | $346M | $48,696 |
| Midwest Operating Engineers Retirement Enhancement | Trustees of Midwest Operating Engineers Retirement Enhancement Fund | 16,681 | $758M | $45,444 |
| Iron Workers' Mid-America Supplemental Monthly Annuity (Sma) Fund | Trustees of Iron Wkers' Mid-America Supplemental | 7,052 | $892M | $126,429 |
| Central Laborers Annuity Plan | Board of Trustees of Central Laborers Annuity Plan | 24,935 | $355M | $14,243 |
| 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 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Central Illinois Carpenters Retirement Savings Fun?
8,248 participants at the end of the plan year ending 30 Apr 2025, of whom 3,239 were active employees, with net assets of $254,262,939. 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 Board of Trustees Central Illinois Carpenters Retirement Savings Fund contribute per participant?
The filing reports $18,799,271 in employer contributions for the year, which is $5,804 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 $410,831 in compensation to service provider organisations, $49.81 per participant or 0.16% 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 $590,615. 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 Central Illinois Carpenters Retirement Savings Fund. Recordkeeping or administration: Cich & WTF and Bridgeway Benefit Technologies. Investment advisory or management: Garcia Hamilton & Associates, LP, American Realty Advisors and Parametric Portfolio Associates, LL. Trustee or custodian: Regions Bank. 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 May 2024 to 30 Apr 2025, received by the Department of Labor on 4 Feb 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 37-1234126, plan 001, received 4 Feb 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.