Michigan › Construction › 100 to 249 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Sign, Pictorial and Display Union Local 591 Supplemental Pension Fund
Sponsored by Sign, Pictorial and Display Union Local 591 Supplemental Pension, Bingham Farms, MI
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 Apr 2025, Sign, Pictorial and Display Union Local 591 Supplemental Pension Fund covered 101 participants and held $2.6M in net assets. The plan is a money purchase plan sponsored by Sign, Pictorial and Display Union Local 591 Supplemental Pension of Bingham Farms, Michigan. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $25,603 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 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 $66K during the year, or $2,200 per active participant against a same-size median of $2,447; participants contributed —. Benefits paid out totalled $225K.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $62K.
Across the filings on record, net assets went from $6.2M in 2009 to $2.6M in 2024 (down 58%), and participants from 132 to 101 (down 23%).
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 | $25,603 | $60,185 | $54,962 | $53,102 |
| Employer contributions per active participant | $2,200 | $2,447 | $2,728 | $2,175 |
| Schedule C compensation per participant | — | $194 | $162 | $123 |
| Schedule C compensation, share of net assets | — | 0.32% | 0.33% | 0.26% |
| Administrative expenses per participant | $618 | $176 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 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 | 101 | $2.6M | $25,604 | $66K | — | $0 |
| 2022 | 100 | $2.6M | $26,400 | $91K | — | $49K |
| 2021 | 100 | $2.9M | $29,020 | $96K | — | $49K |
| 2020 | 101 | $4.5M | $44,069 | $43K | — | $52K |
| 2019 | 108 | $4.1M | $37,713 | $96K | — | $57K |
| 2018 | 114 | $4.5M | $39,684 | $135K | — | $58K |
| 2017 | 114 | $4.3M | $38,044 | $129K | — | $45K |
| 2016 | 116 | $4.5M | $38,905 | $88K | — | $46K |
| 2015 | 113 | $4.6M | $40,558 | $81K | — | $56K |
| 2014 | 117 | $5.0M | $42,436 | $71K | — | $62K |
| 2013 | 119 | $4.9M | $41,361 | $70K | — | $55K |
| 2012 | 119 | $4.9M | $41,462 | $65K | — | $61K |
| 2011 | 122 | $5.2M | $42,254 | $92K | — | $51K |
| 2010 | 117 | $5.6M | $48,094 | $64K | — | $59K |
| 2009 | 132 | $6.2M | $46,682 | $110K | — | $51K |
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$2,595,944
- Employer contributions$65,991
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$65,991
- Total income, including investment results$278,147
- Benefits paid$224,995
- Administrative expenses$62,457
- Total expenses$288,152
- Net income−$10,005
- Net transfers$0
- Net assets, end of year$2,585,939
Participants
- Active participants30
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits71
- Participants with account balances101
- Total participants, end of year101
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Tic International Corporation | — | $0 | $0 |
| Novara, Tesija & Catenacci, PLLC | — | $0 | $0 |
| Benda, Grace, Stulz & Company, P.C. | — | $0 | $0 |
| Morgan Stanley | — | $0 | $0 |
| Confluence Investment Management | — | $0 | $0 |
| Clearbridge Investments, LLC | — | $0 | $0 |
| Earnest Partners | — | $0 | $0 |
| Invesco | — | $0 | $0 |
| Polen Capital | — | $0 | $0 |
| Western Asset Management | — | $0 | $0 |
| Ziegler Capital Management, LLC | — | $0 | $0 |
| Delaware Capital | — | $0 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 1 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
- Legal fees$17,812
- Investment advisory and management fees$16,387
- Contract administrator fees$13,259
- IQPA audit fees$10,175
- Other administrative expenses$3,764
- Actuarial fees$1,000
- Other trustee fees and expenses$60
- Total administrative expenses$62,457
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$927K · 35.6%
- U.S. Government securities$515K · 19.8%
- Registered investment companies (mutual funds)$443K · 17.0%
- Corporate debt instruments$341K · 13.1%
- Other investments$217K · 8.4%
- Cash (interest and non-interest bearing)$101K · 3.9%
- Participant loans$43K · 1.6%
- Receivables$12K · 0.5%
- Buildings and other property used in plan operation$1,932 · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBenda, Grace, Stulz & Company, P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondNo
- 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
2CMoney purchase (other than target benefit) 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 Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Midwest Steel, Inc. 401(k) Plan | Midwest Steel, Inc. | 110 | — | — |
| Kasco Employee Stock Ownership Plan | Kasco Employee Stock Ownership Plan | 100 | — | — |
| Schena Roofing & Sheet Metal Co., Inc. Employee Stock Ownership Plan | Schena Roofing & Sheet Metal Company, Inc. | 113 | −$11.7M | — |
| Msb/bws 401(k) Plan | Mike Schaap Builders, Inc. | 115 | $7.3M | $63,259 |
| D&W Windows & Enclosures, Inc. 401(k) Profit Sharing Plan | D&W Windows & Enclosures, Inc. | 123 | $7.1M | $57,472 |
| Davis Construction, Inc. 401(k) Plan | Davis Construction, Inc. | 124 | $8.7M | $69,890 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Sign, Pictorial and Display Union Local 591 Supplemental Pension Fund?
101 participants at the end of the plan year ending 30 Apr 2025, of whom 30 were active employees, with net assets of $2,585,939. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Sign, Pictorial and Display Union Local 591 Supplemental Pension contribute per participant?
The filing reports $65,991 in employer contributions for the year, which is $2,200 per active participant; the median for plans of the same type and size was $2,447 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 no provider compensation for the year. Administrative expenses on Schedule H were $62,457. 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 Sign, Pictorial and Display Union Local 591 Supplemental Pension. The financial statements were audited by Benda, Grace, Stulz & Company, P.C.. 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 13 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 38-2256143, plan 001, received 13 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.