Michigan › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Millwrights' Local 1102 Supplemental Pension Fund
Sponsored by Millwrights' Local 1102 Supplemental Pension Fund, Lansing, 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.
Millwrights' Local 1102 Supplemental Pension Fund is a money purchase plan sponsored by Millwrights' Local 1102 Supplemental Pension Fund of Lansing, Michigan. For the plan year ending 30 Apr 2025 it reported 5,173 participants, 2,386 of them active, and net assets of $0. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
The employer contributed $31.1M during the year, or $13,015 per active participant against a same-size median of $2,424; participants contributed —. Benefits paid out totalled $19.1M.
Schedule C lists 10 service provider organisations paid $5,000 or more, with reported compensation of $1.3M: $247 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $1.4M. 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 $135M in 2009 to $0 in 2024 (down 100%), and participants from 3,022 to 5,173 (up 71%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer. The filing is marked as the final return for the plan.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | — | $64,499 | $54,962 | $53,102 |
| Employer contributions per active participant | $13,015 | $2,424 | $2,728 | $2,175 |
| Schedule C compensation per participant | $247 | $53.38 | $162 | $123 |
| Schedule C compensation, share of net assets | — | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $276 | $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 | 5,173 | $0 | $0 | $31.1M | — | $1.3M |
| 2023 | 4,870 | $304M | $62,508 | $24.4M | — | $1.1M |
| 2022 | 4,723 | $278M | $58,911 | $19.5M | — | $1.1M |
| 2021 | 4,768 | $275M | $57,659 | $20.2M | — | $959K |
| 2020 | 4,424 | $274M | $61,917 | $20.6M | — | $939K |
| 2019 | 4,074 | $211M | $51,871 | $14.9M | — | $937K |
| 2018 | 4,058 | $207M | $51,085 | $14.8M | — | $968K |
| 2017 | 3,535 | $192M | $54,424 | $14.3M | — | $864K |
| 2016 | 3,459 | $177M | $51,172 | $9.8M | — | $853K |
| 2015 | 3,427 | $170M | $49,545 | $10.0M | — | $786K |
| 2014 | 3,290 | $171M | $52,107 | $8.5M | — | $894K |
| 2013 | 3,107 | $163M | $52,487 | $7.6M | — | $810K |
| 2012 | 2,860 | $156M | $54,617 | $6.9M | — | $803K |
| 2011 | 2,814 | $143M | $50,752 | $6.4M | — | $902K |
| 2010 | 2,899 | $144M | $49,780 | $6.2M | — | $936K |
| 2009 | 3,022 | $135M | $44,681 | $5.9M | — | $703K |
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$304,413,836
- Employer contributions$31,053,697
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$31,053,697
- Total income, including investment results$52,277,246
- Benefits paid$19,127,406
- Administrative expenses$1,428,577
- Total expenses$21,409,366
- Net income$30,867,880
- Net transfers−$335,281,716
- Net assets, end of year$0
Participants
- Active participants2,386
- Retired or separated, receiving benefits12
- Retired or separated, entitled to future benefits2,775
- Participants with account balances5,173
- Total participants, end of year5,173
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Boston Partners | Investment management | $313,797 | $0 |
| Loomis, Sayles & Co., Inc. | Investment management | $309,817 | $0 |
| Novara Tesija, PLLC | Legal | $142,957 | $0 |
| Tic Midwest, LLC | Accounting (including auditing); Contract Administrator; Plan Administrator; Recordkeeping and information management | $133,294 | $0 |
| Reinhart & Mahoney | Investment management | $126,519 | $0 |
| Morgan Stanley Smith Barney, LLC | Investment advisory (plan) | $90,000 | $0 |
| Madison Investment Advisors | Investment management | $72,302 | $0 |
| Fifth Third Bank | Custodial (securities) | $48,390 | $0 |
| Benda, Grace, Stulz & Company, P.C. | Accounting (including auditing) | $22,200 | $0 |
| Trade Solutions | Copying and duplicating | $20,579 | $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$912,435
- Other administrative expenses$166,423
- Legal fees$142,957
- Contract administrator fees$108,798
- Trustee and custodial fees$48,390
- IQPA audit fees$21,400
- Other trustee fees and expenses$17,671
- Recordkeeping fees$9,503
- Actuarial fees$1,000
- Total administrative expenses$1,428,577
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmBenda, Grace, Stulz & Co., 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 238900: Other Specialty Trade Contractors (including site preparation).
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Iron Workers Defined Contribution Pension Fund Plan | Board of Trustees, Iron Workers Local No. 25 | 5,583 | $231M | $41,407 |
| IBEW Local 347 Retirement and 401(k) Plan | IBEW Local No. 347 & Iowa Chapter of Neca, Joint Board of Trustees | 3,517 | $431M | $122,538 |
| IBEW Local No. 58 Annuity Fund | Board of Trustees of the IBEW Local No. 58 Annuity Fund | 6,150 | $919M | $149,383 |
| Pipefitters Local No 636 Defined Contribution Retirement Trust and Plan | Pipefitters Local 636 Defined Contribution Retirement Trust | 3,387 | $281M | $83,097 |
| Construction Industry Retirement Fund of Rockford | Joint Board of Trustees of Construction Industry of Rockford, Illinois | 11,408 | $619M | $54,301 |
| Neca-Ibew Memphis Retirement Plan | Board of Trustees of Neca-Ibew Memphis Retirement Plan | 3,268 | $229M | $70,089 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Millwrights' Local 1102 Supplemental Pension Fund?
5,173 participants at the end of the plan year ending 30 Apr 2025, of whom 2,386 were active employees, with net assets of $0. 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 Millwrights' Local 1102 Supplemental Pension Fund contribute per participant?
The filing reports $31,053,697 in employer contributions for the year, which is $13,015 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 $1,279,855 in compensation to service provider organisations, $247 per participant. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $1,428,577. 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 Millwrights' Local 1102 Supplemental Pension Fund. Recordkeeping or administration: Tic Midwest, LLC. Investment advisory or management: Boston Partners, Loomis, Sayles & Co., Inc. and Reinhart & Mahoney. Trustee or custodian: Fifth Third Bank. The financial statements were audited by Benda, Grace, Stulz & Co., 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 16 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 38-6216941, plan 001, received 16 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.