Illinois › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Central Laborers Annuity Plan
Sponsored by Board of Trustees of Central Laborers Annuity Plan, Jacksonville, 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 30 Sep 2025, Central Laborers Annuity Plan covered 24,935 participants and held $355M in net assets. The plan is a 401(k) plan sponsored by Board of Trustees of Central Laborers Annuity Plan of Jacksonville, Illinois. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $14,243 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 $46.8M during the year, or $4,099 per active participant against a same-size median of $2,424; participants contributed $78K and $86K arrived as rollovers and other contributions. Benefits paid out totalled $22.6M.
Schedule C lists 11 service provider organisations paid $5,000 or more, with reported compensation of $1.7M: $67.89 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $2.0M. 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 $85.5M in 2009 to $355M in 2024 (up 315%), and participants from 13,056 to 24,935 (up 91%).
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 | $14,243 | $64,499 | $54,962 | $53,102 |
| Employer contributions per active participant | $4,099 | $2,424 | $2,728 | $2,175 |
| Schedule C compensation per participant | $67.89 | $53.38 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.48% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $79.74 | $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 | 24,935 | $355M | $14,243 | $46.8M | $78K | $1.7M |
| 2023 | 23,293 | $311M | $13,355 | $43.2M | $69K | $1.5M |
| 2022 | 21,733 | $265M | $12,183 | $35.8M | $75K | $1.5M |
| 2021 | 20,270 | $242M | $11,962 | $31.5M | $67K | $1.3M |
| 2020 | 18,844 | $229M | $12,130 | $23.8M | $96K | $1.1M |
| 2019 | 18,316 | $205M | $11,176 | $21.8M | $158K | $888K |
| 2018 | 18,000 | $186M | $10,360 | $20.4M | $152K | $829K |
| 2017 | 17,431 | $170M | $9,774 | $18.4M | $145K | $853K |
| 2016 | 16,779 | $159M | $9,480 | $17.9M | $125K | $815K |
| 2015 | 16,023 | $148M | $9,211 | $16.2M | $113K | $683K |
| 2014 | 15,608 | $135M | $8,626 | $15.5M | $101K | $632K |
| 2013 | 14,531 | $126M | $8,681 | $11.8M | $92K | $509K |
| 2012 | 13,409 | $120M | $8,943 | $8.7M | $71K | $613K |
| 2011 | 12,048 | $90.5M | $7,508 | $8.5M | — | $506K |
| 2010 | 12,666 | $86.2M | $6,802 | $8.5M | — | $636K |
| 2009 | 13,056 | $85.5M | $6,547 | $9.2M | — | $493K |
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$311,076,253
- Employer contributions$46,779,153
- Participant contributions$78,071
- Rollovers and other contributions$86,415
- Total contributions$46,943,639
- Total income, including investment results$68,634,326
- Benefits paid$22,561,547
- Administrative expenses$1,988,339
- Total expenses$24,549,886
- Net income$44,084,440
- Net transfers$0
- Net assets, end of year$355,160,693
Participants
- Active participants11,412
- Retired or separated, receiving benefits125
- Retired or separated, entitled to future benefits13,092
- Participants with account balances24,816
- Total participants, end of year24,935
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Central Laborers Pension Fund | Contract Administrator | $904,894 | $0 |
| Ullico Investment Advisors, Inc. | Investment management | $426,440 | $0 |
| Principal Enhanced Property Fund | Investment management | $150,225 | $0 |
| Parametric Portfolio Associates LLC | Investment management | $96,101 | $0 |
| Shelton Capital Management | Investment management | $25,179 | $0 |
| Romolo & Associates, LLC | Accounting (including auditing) | $24,500 | $0 |
| Marquette & Associates | Consulting (general) | $0 | $16,203 |
| Cavanagh & O'Hara LLP | Legal | $14,285 | $0 |
| U.S. Bank National Association | Direct payment from the plan; Other investment fees and expenses | $12,590 | $0 |
| Brown, Hay & Stephens, LLP | Legal | $12,479 | $0 |
| Segal Select Insurance | Insurance brokerage commissions and fees | $0 | $9,922 |
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$904,894
- Trustee and custodial fees$902,604
- Other administrative expenses$111,064
- Legal fees$26,764
- IQPA audit fees$24,500
- Investment advisory and management fees$16,203
- Actuarial fees$2,310
- Total administrative expenses$1,988,339
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.
- Cash (interest and non-interest bearing)$97.9M · 27.5%
- Common/collective trusts$96.3M · 27.1%
- 103-12 investment entities$62.8M · 17.7%
- Registered investment companies (mutual funds)$41.2M · 11.6%
- Pooled separate accounts$37.7M · 10.6%
- Real estate$13.3M · 3.8%
- Receivables$5.4M · 1.5%
- Partnership/joint venture interests$767K · 0.2%
- Other investments$76K · 0.0%
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, $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 plan2JCode section 401(k) feature
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 237310: Highway, Street, & Bridge.
Other plans of Board of Trustees of Central Laborers Annuity Plan
| Plan | Participants | Net assets |
|---|---|---|
| Central Laborers' Pension Fund | 16,444 | $1.39B |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Electrical Contractors Assoc. of the City of Chgo Union 134, IBEW Joint Pension Trust of Chgo Plan 5 | Board of Trustees of Eca Chicago and Local Union 134 IBEW Pension Plan | 26,148 | $3.45B | $132,014 |
| Midwest Operating Engineers Retirement Enhancement | Trustees of Midwest Operating Engineers Retirement Enhancement Fund | 16,681 | $758M | $45,444 |
| Mid-America Carpenters Regional Council Supplemental Retirement Plan | Board of Trustees of Mid-America Carp Reg Council Supplemental Retirem | 37,703 | $2.02B | $53,632 |
| Pipe Fitters Association L.U. 597, U.A. 401(k) Pla | Trustees of Pipe Fitters Association Local 597 | 11,439 | $2.49B | $217,552 |
| Central Illinois Carpenters Retirement Savings Fun | Board of Trustees Central Illinois Carpenters Retirement Savings Fund | 8,248 | $254M | $30,827 |
| 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 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Central Laborers Annuity Plan?
24,935 participants at the end of the plan year ending 30 Sep 2025, of whom 11,412 were active employees, with net assets of $355,160,693. 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 of Central Laborers Annuity Plan contribute per participant?
The filing reports $46,779,153 in employer contributions for the year, which is $4,099 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 $1,692,818 in compensation to service provider organisations, $67.89 per participant or 0.48% 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 $1,988,339. 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 of Central Laborers Annuity Plan. Recordkeeping or administration: Central Laborers Pension Fund. Investment advisory or management: Ullico Investment Advisors, Inc., Principal Enhanced Property Fund and Parametric Portfolio Associates LLC. 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 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 7 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 37-6052379, plan 002, received 7 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.