Michigan › Professional, scientific and technical services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
IATSE Local 38 Pension Plan
Sponsored by Board of Trustees, IATSE Local 38 Pension Fund, Troy, 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 Jun 2025, IATSE Local 38 Pension Plan covered 1,239 participants and held $36.0M in net assets. The plan is a money purchase plan sponsored by Board of Trustees, IATSE Local 38 Pension Fund of Troy, Michigan. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $29,051 per participant, well below the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well below the $73,951 median for defined contribution plans in professional, scientific and technical services. 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 $2.1M during the year, or $2,252 per active participant against a same-size median of $2,045; participants contributed —. Benefits paid out totalled $4.5M.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $473K: $382 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $492K. 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 $19.4M in 2009 to $36.0M in 2024 (up 85%), and participants from 1,338 to 1,239 (down 7%).
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 | $29,051 | $50,295 | $73,951 | $53,102 |
| Employer contributions per active participant | $2,252 | $2,045 | $3,219 | $2,175 |
| Schedule C compensation per participant | $382 | $82.08 | $148 | $123 |
| Schedule C compensation, share of net assets | 1.3% | 0.17% | 0.22% | 0.26% |
| Administrative expenses per participant | $397 | $82.20 | $140 | $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), professional, scientific and technical services (9,776) 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 | 1,239 | $36.0M | $29,052 | $2.1M | — | $473K |
| 2023 | 1,387 | $35.8M | $25,844 | $2.1M | — | $433K |
| 2022 | 1,481 | $35.8M | $24,176 | $1.7M | — | $281K |
| 2021 | 1,462 | $33.3M | $22,780 | $1.2M | — | $304K |
| 2020 | 1,407 | $41.9M | $29,746 | $687K | — | $300K |
| 2019 | 1,317 | $38.4M | $29,145 | $936K | — | $302K |
| 2018 | 1,805 | $40.3M | $22,321 | $1.6M | — | $332K |
| 2017 | 1,643 | $38.4M | $23,383 | $1.5M | — | $274K |
| 2016 | 1,698 | $37.0M | $21,765 | $1.7M | — | $245K |
| 2015 | 1,556 | $34.0M | $21,863 | $1.5M | — | $279K |
| 2014 | 1,486 | $34.7M | $23,332 | $1.9M | — | $279K |
| 2013 | 1,572 | $33.6M | $21,370 | $2.0M | — | $340K |
| 2012 | 1,418 | $28.6M | $20,181 | $2.1M | — | $305K |
| 2011 | 1,580 | $26.3M | $16,629 | $2.5M | — | $265K |
| 2010 | 1,814 | $24.4M | $13,423 | $3.0M | — | $224K |
| 2009 | 1,338 | $19.4M | $14,516 | $2.0M | — | $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$35,846,190
- Employer contributions$2,060,686
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,060,686
- Total income, including investment results$5,104,819
- Benefits paid$4,463,975
- Administrative expenses$492,458
- Total expenses$4,956,433
- Net income$148,386
- Net transfers$0
- Net assets, end of year$35,994,576
Participants
- Active participants915
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits324
- Participants with account balances1,239
- Total participants, end of year1,239
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Morgan Stanley | Custodial (securities); Investment advisory (plan) | $200,911 | $0 |
| Withumsmith+brown, P.C. | Accounting (including auditing) | $138,402 | $0 |
| Solxsys Administrative Solutions | Accounting (including auditing); Claims processing; Contract Administrator; Recordkeeping and information management | $82,985 | $0 |
| Benda, Grace, Stulz & Company, P.C. | Accounting (including auditing) | $13,000 | $0 |
| Watkins Pawlick Calati Prifti, PC | Legal | $11,529 | $0 |
| Legghio & Isreal, P.C. | Legal | $9,399 | $0 |
| Boyd Waterson Asset Management | Investment management | $9,396 | $0 |
| American Graphics Printing | Copying and duplicating; Participant communication | $7,807 | $0 |
| The London Company | Investment management | $0 | $0 |
| Fiera Capital Management | Investment management | $0 | $0 |
| JP Morgan | Investment management | $0 | $0 |
| Aristotle Capital Management | Investment management | $0 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 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
- Investment advisory and management fees$210,307
- Recordkeeping fees$138,402
- Contract administrator fees$82,552
- Other administrative expenses$26,969
- Legal fees$20,928
- IQPA audit fees$13,300
- Total administrative expenses$492,458
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$15.4M · 42.4%
- Registered investment companies (mutual funds)$8.8M · 24.3%
- U.S. Government securities$6.6M · 18.1%
- Corporate debt instruments$4.0M · 10.9%
- Cash (interest and non-interest bearing)$750K · 2.1%
- Other investments$541K · 1.5%
- Receivables$296K · 0.8%
- Buildings and other property used in plan operation$756 · 0.0%
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 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
2CMoney purchase (other than target benefit) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541990: All Other Professional, Scientific, & Technical Services.
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Clark Hill PLC Salary Deferral Plan | Clark Hill PLC | 1,248 | $318M | $254,953 |
| Health Management Associates Profit SHARING/401(K) Plan | Health Management Associates, Inc. | 1,196 | $224M | $187,466 |
| Coronis Health Employee Retirement Savings Plan & Trust | Coronis Global LLC | 1,267 | $49.3M | $38,896 |
| J.D. Power 401(k) Plan | J.D. Power | 1,166 | $240M | $205,910 |
| Strategic Staffing Solutions 401(k) Retirement Plan | Strategic Staffing Solutions, L.C. | 1,274 | $29.2M | $22,909 |
| Dykema Gossett PLLC Savings and Investment Plan | Dykema Gossett PLLC | 1,152 | $346M | $300,002 |
Defined contribution plans in professional, scientific and technical services closest in size.
Questions and answers
How big is IATSE Local 38 Pension Plan?
1,239 participants at the end of the plan year ending 30 Jun 2025, of whom 915 were active employees, with net assets of $35,994,576. 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 Board of Trustees, IATSE Local 38 Pension Fund contribute per participant?
The filing reports $2,060,686 in employer contributions for the year, which is $2,252 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 $473,429 in compensation to service provider organisations, $382 per participant or 1.3% 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 $492,458. 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, IATSE Local 38 Pension Fund. Recordkeeping or administration: Solxsys Administrative Solutions. Investment advisory or management: Morgan Stanley, Boyd Waterson Asset Management and The London Company. Trustee or custodian: Morgan Stanley. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 9 Apr 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 38-2848288, plan 001, received 9 Apr 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.