Wisconsin › Construction › 100 to 249 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
Operative Plasterers & Cement Masons Loc 599 RT PL
Sponsored by Operative Plasterers & Cement Masons Local 599 Area 204 Supp Ret Plan, Madison, WI
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 31 May 2025, Operative Plasterers & Cement Masons Loc 599 RT PL covered 157 participants and held $2.3M in net assets. The plan is a money purchase plan sponsored by Operative Plasterers & Cement Masons Local 599 Area 204 Supp Ret Plan of Madison, Wisconsin. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $14,655 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.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $35K: $225 per participant, above the same-size median of $194. Administrative expenses charged to the plan were $49K. 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 $1.9M in 2009 to $2.3M in 2024 (up 23%), and participants from 308 to 157 (down 49%).
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 | $14,655 | $60,185 | $54,962 | $53,102 |
| Employer contributions per active participant | — | $2,447 | $2,728 | $2,175 |
| Schedule C compensation per participant | $225 | $194 | $162 | $123 |
| Schedule C compensation, share of net assets | 1.5% | 0.32% | 0.33% | 0.26% |
| Administrative expenses per participant | $314 | $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 | 157 | $2.3M | $14,656 | — | $94K | $35K |
| 2023 | 155 | $2.2M | $14,342 | — | $59K | $19K |
| 2022 | 161 | $2.4M | $14,733 | — | $61K | $33K |
| 2021 | 167 | $2.4M | $14,216 | — | $64K | $34K |
| 2020 | 169 | $2.6M | $15,550 | — | $51K | $72K |
| 2019 | 179 | $2.1M | $11,715 | — | $52K | $90K |
| 2018 | 186 | $2.1M | $11,258 | — | $60K | $73K |
| 2017 | 203 | $2.2M | $10,621 | — | $64K | $63K |
| 2016 | 215 | $2.1M | $9,567 | — | $92K | $87K |
| 2015 | 214 | $2.1M | $10,023 | — | $117K | $94K |
| 2014 | 221 | $2.3M | $10,186 | — | $100K | $65K |
| 2013 | 231 | $2.2M | $9,541 | — | $72K | $27K |
| 2012 | 247 | $2.1M | $8,656 | — | $82K | $17K |
| 2011 | 260 | $1.9M | $7,365 | — | $66K | $24K |
| 2010 | 280 | $2.0M | $7,064 | $0 | $76K | $26K |
| 2009 | 308 | $1.9M | $6,081 | $2,000 | $99K | $18K |
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$2,223,327
- Employer contributions—
- Participant contributions$94,344
- Rollovers and other contributions—
- Total contributions$94,344
- Total income, including investment results$272,664
- Benefits paid$145,875
- Administrative expenses$49,285
- Total expenses$195,160
- Net income$77,504
- Net transfers$0
- Net assets, end of year$2,300,831
Participants
- Active participants149
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits8
- Participants with account balances157
- Total participants, end of year157
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Sikich CPA LLC | Accounting (including auditing) | $16,150 | $0 |
| Empower Annuity Insurance Company | Recordkeeping fees; Direct payment from the plan | $10,176 | $0 |
| Bpa of Wi a Benesys Company | Plan Administrator | $9,028 | $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
- IQPA audit fees$16,150
- Other administrative expenses$12,301
- Investment advisory and management fees$10,176
- Contract administrator fees$9,028
- Legal fees$1,400
- Other trustee fees and expenses$230
- Total administrative expenses$49,285
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)$1.8M · 77.0%
- Insurance company general account$456K · 19.8%
- Cash (interest and non-interest bearing)$55K · 2.4%
- Receivables$19K · 0.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmSikich CPA LLC
- 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) plan2GTotal participant-directed account plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 236200: Nonresidential Building Construction.
Other plans of Operative Plasterers & Cement Masons Local 599 Area 204 Supp Ret Plan
| Plan | Participants | Net assets |
|---|---|---|
| Operative Plasterers and Cement Masons Local 204 Pension FD | 621 | $63.7M |
Similar plans in Wisconsin
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Cru Concrete, Inc. 401(k) Savings Plan | Cru Concrete, Inc. | 158 | $10.0M | $63,583 |
| Cardinal Heating & Air Conditioning, Inc. 401(k) Profit Sharing Plan | Cardinal Heating & Air Conditioning, Inc. | 156 | $8.2M | $52,879 |
| Waunakee Remodeling 401(k) Plan | Waunakee Remodeling, Inc. | 165 | $9.6M | $58,120 |
| Stratford Homes 401(k) Plan | Stratford Homes Limited Partnership | 155 | $7.4M | $48,027 |
| Central Cable Contractors, Inc. 401(k) Retirement Savings Plan & Trust | Central Cable Contractors, Inc. | 165 | $22.7M | $137,778 |
| Sid Grinker Restoration 401(k) Plan | Sid Grinker Restoration Inc. | 151 | $10.5M | $69,569 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Operative Plasterers & Cement Masons Loc 599 RT PL?
157 participants at the end of the plan year ending 31 May 2025, of whom 149 were active employees, with net assets of $2,300,831. 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 Operative Plasterers & Cement Masons Local 599 Area 204 Supp Ret Plan contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $35,354 in compensation to service provider organisations, $225 per participant or 1.5% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $49,285. 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 Operative Plasterers & Cement Masons Local 599 Area 204 Supp Ret Plan. Recordkeeping or administration: Empower Annuity Insurance Company and Bpa of Wi a Benesys Company. The financial statements were audited by Sikich CPA LLC. 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 Jun 2024 to 31 May 2025, received by the Department of Labor on 13 Mar 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 39-6185236, plan 002, received 13 Mar 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.