Michigan › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Carpenters' Pension Trust Fund - Detroit and Vicinity
Sponsored by Board of Trustees of Carpenters' Pension Trust Funddetroit&vicinity, 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 Apr 2025, Carpenters' Pension Trust Fund - Detroit and Vicinity covered 22,212 participants and held $1.34B in net assets. The plan is a defined benefit pension plan sponsored by Board of Trustees of Carpenters' Pension Trust Funddetroit&vicinity of Troy, Michigan. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $60,204 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well 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 $122M for the year ($24,832 per active participant) and benefits paid were $172M. 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 12 service provider organisations paid $5,000 or more, with reported compensation of $4.2M: $188 per participant, below the same-size median of $232. Administrative expenses charged to the plan were $6.5M. 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 $792M in 2009 to $1.34B in 2024 (up 69%), and participants from 19,028 to 22,212 (up 17%).
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 | $60,204 | $87,623 | $100,593 | $86,221 |
| Employer contributions per active participant | $24,832 | $9,468 | $13,292 | $10,244 |
| Schedule C compensation per participant | $188 | $232 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.31% | 0.30% | 0.46% | 0.42% |
| Administrative expenses per participant | $293 | $396 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 | 22,212 | $1.34B | $60,204 | $122M | — | $4.2M |
| 2023 | 21,970 | $717M | $32,637 | $120M | — | $3.9M |
| 2022 | 22,576 | $709M | $31,420 | $110M | — | $3.9M |
| 2021 | 20,116 | $764M | $38,003 | $113M | — | $4.4M |
| 2020 | 20,034 | $818M | $40,850 | $107M | — | $5.3M |
| 2019 | 19,929 | $722M | $36,221 | $106M | — | $4.6M |
| 2018 | 20,252 | $772M | $38,134 | $117M | — | $5.6M |
| 2017 | 20,126 | $762M | $37,848 | $123M | — | $4.7M |
| 2016 | 19,476 | $734M | $37,700 | $107M | — | $15.6M |
| 2015 | 18,583 | $713M | $38,350 | $111M | — | $5.1M |
| 2014 | 18,499 | $746M | $40,350 | $107M | — | $5.8M |
| 2013 | 18,772 | $747M | $39,808 | $97.9M | — | $6.0M |
| 2012 | 18,816 | $718M | $38,159 | $92.5M | — | $6.8M |
| 2011 | 18,773 | $725M | $38,619 | $84.2M | — | $4.9M |
| 2010 | 18,911 | $806M | $42,631 | $65.5M | — | $4.6M |
| 2009 | 19,028 | $792M | $41,617 | $51.5M | — | $7.0M |
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$717,038,725
- Employer contributions$121,776,244
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$121,776,244
- Total income, including investment results$798,328,936
- Benefits paid$171,615,552
- Administrative expenses$6,502,601
- Total expenses$178,118,153
- Net income$620,210,783
- Net transfers$0
- Net assets, end of year$1,337,249,508
Participants
- Active participants4,904
- Retired or separated, receiving benefits7,572
- Retired or separated, entitled to future benefits5,776
- Total participants, end of year22,212
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Benesys, Inc. | Accounting (including auditing); Claims processing; Contract Administrator; Plan Administrator; Recordkeeping and information management; Consulting (general); Copying and duplicating | $1,120,088 | $0 |
| Boyd Watterson Asset Management | Investment advisory (plan); Investment management; Named fiduciary; Real estate brokerage; Valuation (appraisals, etc.) | $947,192 | $0 |
| Carpenters Fringe Benefit Funds JDC | Other services | $606,584 | $0 |
| Novara Law Group, PLLC | Legal | $471,529 | $0 |
| Segal Select Insurance Services | Actuarial; Custodial (securities); Investment advisory (plan); Investment management; Named fiduciary; Securities brokerage | $312,666 | $0 |
| LSV Asset Management | Custodial (securities); Investment advisory (plan); Investment management; Named fiduciary; Securities brokerage | $226,569 | $0 |
| American Graphics Printing Co. | Copying and duplicating | $120,203 | $0 |
| United Actuarial Services, Inc. | Actuarial; Consulting (general); Consulting (pension) | $117,989 | $0 |
| Bultynck & Co., PLLC | Accounting (including auditing) | $84,455 | $0 |
| Maddin Hauser Roth & Heller PC | Legal | $72,409 | $0 |
| Comerica Bank | Custodial (other than securities); Custodial (securities); Trustee (bank, trust company, or similar financial institution); Investment advisory (plan); Investment management; Securities brokerage; Participant loan processing; Participant communication | $65,000 | $0 |
| Westend Advisors | Custodial (securities); Investment advisory (plan); Investment management; Named fiduciary; Securities brokerage | $29,302 | $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$2,529,521
- Other administrative expenses$2,191,446
- Contract administrator fees$1,025,957
- Legal fees$539,415
- Actuarial fees$135,225
- IQPA audit fees$67,455
- Trustee and custodial fees$13,582
- Total administrative expenses$6,502,601
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 debt instruments$353M · 26.1%
- Common/collective trusts$259M · 19.2%
- 103-12 investment entities$217M · 16.1%
- Corporate stocks$174M · 12.9%
- U.S. Government securities$137M · 10.2%
- Partnership/joint venture interests$90.9M · 6.7%
- Cash (interest and non-interest bearing)$47.5M · 3.5%
- Registered investment companies (mutual funds)$28.2M · 2.1%
- Real estate$26.9M · 2.0%
- Receivables$15.2M · 1.1%
- Other investments$1.8M · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBultynck & Co., P.L.L.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 236200: Nonresidential Building Construction.
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Michigan Laborers' Pension Plan | Board of Trustees Michigan Laborers' Pension Fund | 28,837 | $1.33B | $46,125 |
| Operating Engineers' Local 324 Pension Fund | Joint Board of Trustees Operating Engineers Local 324 | 21,246 | $1.92B | $90,160 |
| Ohio Carpenters' Pension Plan | Trustees of Ohio Carpenters' Pension Plan | 31,115 | $2.12B | $68,151 |
| Indiana State Council of Carpenters Pension Fund | Board of Trustees Indiana State Council of Carpenters Pension Fund | 17,170 | $1.35B | $78,607 |
| Indiana/kentucky/ohio Regional Council of Carpenters Pension Fund | Board of Trustees Indiana/kentucky/ohio Regional Council Carpenters Pe | 13,860 | $1.78B | $128,465 |
| Laborers Pension Trust Fund - Detroit and Vicinity | Board of Trustees,laborers Pension Trust Fund-Detroit and Vicinity | 11,153 | $884M | $79,267 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Carpenters' Pension Trust Fund - Detroit and Vicinity?
22,212 participants at the end of the plan year ending 30 Apr 2025, of whom 4,904 were active employees, with net assets of $1,337,249,508. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Board of Trustees of Carpenters' Pension Trust Funddetroit&vicinity contribute per participant?
The filing reports $121,776,244 in employer contributions for the year, which is $24,832 per active participant; the median for plans of the same type and size was $9,468 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 $4,173,986 in compensation to service provider organisations, $188 per participant or 0.31% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $6,502,601. 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 Carpenters' Pension Trust Funddetroit&vicinity. Recordkeeping or administration: Benesys, Inc.. Investment advisory or management: Boyd Watterson Asset Management, Segal Select Insurance Services and LSV Asset Management. Trustee or custodian: Segal Select Insurance Services, LSV Asset Management and Comerica Bank. The financial statements were audited by Bultynck & Co., P.L.L.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 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 38-6242188, 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.