Michigan › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Cement Masons Pension Trust Fund - Detroit and Vicinity
Sponsored by Joint Board of Trustees Cement Masons Pension Trust Fund-Detroit, 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, Cement Masons Pension Trust Fund - Detroit and Vicinity covered 1,185 participants and held $108M in net assets. The plan is a defined benefit pension plan sponsored by Joint Board of Trustees Cement Masons Pension Trust Fund-Detroit of Bingham Farms, Michigan. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $91,010 per participant, close to the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and below the $100,593 median for defined benefit 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.
Employer contributions were $5.8M for the year ($10,080 per active participant) and benefits paid were $6.8M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 13 service provider organisations paid $5,000 or more, with reported compensation of $516K: $436 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $596K. 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 $64.6M in 2009 to $108M in 2024 (up 67%), and participants from 958 to 1,185 (up 24%).
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 DB plans |
|---|---|---|---|---|
| Net assets per participant | $91,010 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $10,080 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $436 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.48% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $503 | $513 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), construction (655) and all US plans (5,308). 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 | 1,185 | $108M | $91,009 | $5.8M | — | $516K |
| 2023 | 1,204 | $101M | $83,673 | $6.6M | — | $440K |
| 2022 | 1,156 | $88.5M | $76,533 | $5.4M | — | $445K |
| 2021 | 1,153 | $90.3M | $78,313 | $4.8M | — | $476K |
| 2020 | 1,220 | $100M | $82,252 | $4.8M | — | $451K |
| 2019 | 1,153 | $70.8M | $61,435 | $4.6M | — | $403K |
| 2018 | 1,110 | $80.9M | $72,908 | $3.7M | — | $430K |
| 2017 | 1,095 | $80.7M | $73,728 | $4.1M | — | $413K |
| 2016 | 1,105 | $76.3M | $69,059 | $3.4M | — | $422K |
| 2015 | 1,095 | $69.1M | $63,121 | $3.0M | — | $474K |
| 2014 | 1,082 | $76.0M | $70,265 | $2.8M | — | $498K |
| 2013 | 1,064 | $75.1M | $70,548 | $2.3M | — | $493K |
| 2012 | 1,062 | $70.3M | $66,216 | $2.4M | — | $483K |
| 2011 | 979 | $65.2M | $66,576 | $2.4M | — | $519K |
| 2010 | 969 | $72.2M | $74,559 | $2.3M | — | $501K |
| 2009 | 958 | $64.6M | $67,457 | $1.6M | — | $482K |
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$100,742,309
- Employer contributions$5,755,786
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$5,755,786
- Total income, including investment results$14,530,612
- Benefits paid$6,830,613
- Administrative expenses$595,889
- Total expenses$7,426,502
- Net income$7,104,110
- Net transfers$0
- Net assets, end of year$107,846,419
Participants
- Active participants571
- Retired or separated, receiving benefits279
- Retired or separated, entitled to future benefits246
- Total participants, end of year1,185
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Tic Midwest, LLC | Accounting (including auditing); Contract Administrator; Recordkeeping and information management | $114,690 | $0 |
| Stefansky, Holloway, Nichols | Accounting (including auditing) | $63,997 | $0 |
| Comerica Bank | Custodial (securities) | $54,740 | $0 |
| United Actuarial Services | Actuarial | $39,333 | $0 |
| Morgan Stanley | Investment advisory (plan) | $38,411 | $0 |
| Boston Company | Investment management | $36,439 | $0 |
| Pier Capital | Investment management | $35,824 | $0 |
| Brandywine Asset Management | Investment management | $30,560 | $0 |
| Congress Asset Management Co. | Investment management | $25,794 | $0 |
| Nuveen Asset Management | Investment management | $24,780 | $0 |
| Watkins Pawlick Calati & Prifti PC | Legal | $23,977 | $0 |
| Benda, Grace, Stulz & Company, P.C. | Accounting (including auditing) | $21,450 | $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
- Investment advisory and management fees$191,809
- Contract administrator fees$90,580
- Other administrative expenses$85,699
- Recordkeeping fees$74,130
- Trustee and custodial fees$54,740
- Actuarial fees$39,333
- Legal fees$24,482
- IQPA audit fees$20,600
- Other trustee fees and expenses$14,516
- Total administrative expenses$595,889
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.
- Registered investment companies (mutual funds)$79.1M · 73.0%
- Common/collective trusts$12.3M · 11.4%
- Corporate stocks$7.8M · 7.2%
- Other investments$4.0M · 3.7%
- 103-12 investment entities$3.6M · 3.3%
- Cash (interest and non-interest bearing)$798K · 0.7%
- Receivables$714K · 0.7%
- Buildings and other property used in plan operation$15K · 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
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238100: Foundation, Structure, & Building Exterior Contractors (including framing carpentry, masonry, glass, roofing, & siding).
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Operative Plasterers and Cement Masons Local No. 109 Pension Plan | Plasterers & Cement Masons Local No. 109 Pension Plan | 1,466 | $127M | $86,545 |
| United Assn of Journeymen Plumbers & Pipefitters Local 357 Pension Plan | Board of Trustees of the Kalamazoo Plumbers & Pipefitters 357 Pension | 1,175 | $206M | $175,029 |
| International Brotherhood of Electrical Workers Local Union No. 252 Pension Plan | IBEW Local Union No. 252 Pension Plan Joint Board of Trustees | 1,505 | $254M | $168,806 |
| Bricklayers Local No. 1 of Ky. Pension Trust Fund | Joint Board of Trustees Bricklayer Union No. 1 of Ky. Pension Trust | 1,164 | $23.7M | $20,403 |
| Outstate Michigan Trowel Trades Pension Fund | Trustees of Outstate Michigan Trowel Trades Pension Fund | 1,518 | $86.2M | $56,762 |
| Sheet Metal Workers Local NO.20 Gary Area Pension | Trustees of Sheet Metal Workers Local 20 Gary Area Pension Fund | 1,063 | $112M | $105,738 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Cement Masons Pension Trust Fund - Detroit and Vicinity?
1,185 participants at the end of the plan year ending 30 Apr 2025, of whom 571 were active employees, with net assets of $107,846,419. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Joint Board of Trustees Cement Masons Pension Trust Fund-Detroit contribute per participant?
The filing reports $5,755,786 in employer contributions for the year, which is $10,080 per active participant; the median for plans of the same type and size was $10,593 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 $516,440 in compensation to service provider organisations, $436 per participant or 0.48% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $595,889. 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 Joint Board of Trustees Cement Masons Pension Trust Fund-Detroit. Recordkeeping or administration: Tic Midwest, LLC. Investment advisory or management: Morgan Stanley, Boston Company and Pier Capital. Trustee or custodian: Comerica Bank. 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 15 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 38-6242187, plan 001, received 15 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.