Missouri › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Feb 2024 to 31 Jan 2025
Mo-Kan Iron Workers Pension Fund
Sponsored by Joint Board of Trustees Mo-Kan Iron Workers Pension Plan, Kansas City, MO
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.
Joint Board of Trustees Mo-Kan Iron Workers Pension Plan of Kansas City, Missouri sponsors Mo-Kan Iron Workers Pension Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Jan 2025 shows 2,328 participants (1,008 active) and $266M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $114,208 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and above 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 $18.6M for the year ($18,451 per active participant) and benefits paid were $20.4M. 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 11 service provider organisations paid $5,000 or more, with reported compensation of $721K: $310 per participant, close to the same-size median of $325. Administrative expenses charged to the plan were $912K. 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 $145M in 2009 to $266M in 2024 (up 84%), and participants from 2,155 to 2,328 (up 8%).
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 | $114,208 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $18,451 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $310 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.27% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $392 | $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 | 2,328 | $266M | $114,208 | $18.6M | — | $721K |
| 2023 | 2,048 | $241M | $117,675 | $16.1M | — | $721K |
| 2022 | 1,794 | $234M | $130,264 | $13.4M | — | $686K |
| 2021 | 2,039 | $261M | $128,188 | $13.4M | — | $596K |
| 2020 | 1,942 | $260M | $133,933 | $14.0M | — | $610K |
| 2019 | 2,057 | $228M | $111,003 | $14.1M | — | $622K |
| 2018 | 2,033 | $214M | $105,251 | $12.9M | — | $614K |
| 2017 | 2,061 | $228M | $110,841 | $12.5M | — | $942K |
| 2016 | 2,097 | $206M | $98,324 | $15.4M | — | $1.2M |
| 2015 | 2,283 | $187M | $82,090 | $13.8M | — | $1.3M |
| 2014 | 2,292 | $199M | $86,718 | $14.1M | — | $1.1M |
| 2013 | 2,281 | $188M | $82,350 | $14.1M | — | $1.1M |
| 2012 | 2,309 | $171M | $74,162 | $12.8M | — | $1.1M |
| 2011 | 2,086 | $160M | $76,581 | $9.6M | — | $1.0M |
| 2010 | 2,240 | $161M | $71,926 | $11.7M | — | $964K |
| 2009 | 2,155 | $145M | $67,198 | $14.3M | — | $942K |
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$240,997,563
- Employer contributions$18,598,879
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$18,598,879
- Total income, including investment results$46,164,260
- Benefits paid$20,372,439
- Administrative expenses$912,382
- Total expenses$21,284,821
- Net income$24,879,439
- Net transfers$0
- Net assets, end of year$265,877,002
Participants
- Active participants1,008
- Retired or separated, receiving benefits730
- Retired or separated, entitled to future benefits378
- Total participants, end of year2,328
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Wilson McShane Corporation | Contract Administrator | $200,583 | $0 |
| The Segal Company | Actuarial | $101,408 | $0 |
| Commerce Bank | Investment management | $72,527 | $0 |
| Construction Benefits Audit Corp. | Accounting (including auditing) | $72,230 | $0 |
| Fiducient Advisors | Investment advisory (plan) | $69,700 | $0 |
| Foundry Partners LLC | Investment management | $44,601 | $0 |
| F/m Investments LLC | Investment management | $36,149 | $0 |
| Ziegler Capital Management, LLC | Investment management | $33,896 | $0 |
| Segal Select Insurance Services | Insurance services | $32,269 | $0 |
| Midwest Institutional Trust Company | Custodial (other than securities); Investment management | $31,500 | $0 |
| Anders Minkler Huber Helm LLP | Accounting (including auditing) | $26,400 | $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
- Other administrative expenses$351,053
- Investment advisory and management fees$288,731
- Actuarial fees$101,408
- IQPA audit fees$98,630
- Legal fees$72,560
- Total administrative expenses$912,382
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)$191M · 71.9%
- Partnership/joint venture interests$16.3M · 6.1%
- Corporate stocks$15.5M · 5.8%
- Corporate debt instruments$14.2M · 5.3%
- U.S. Government securities$12.9M · 4.8%
- Cash (interest and non-interest bearing)$5.5M · 2.1%
- Real estate$5.1M · 1.9%
- Other investments$3.2M · 1.2%
- Receivables$2.0M · 0.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmAnders Minkler Huber Helm LLP
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 237990: Other Heavy & Civil Engineering Construction.
Other plans of Joint Board of Trustees Mo-Kan Iron Workers Pension Plan
| Plan | Participants | Net assets |
|---|---|---|
| Mo-Kan Iron Workers Annuity Fund | 2,808 | $247M |
Similar plans in Missouri
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| International Association of Sheet Metal, Air, Rail and Transportation Workers (Smart) Local Union No. 36 Pension Fund | Board of Trustees of Smart Local Union No. 36 Pension Fund | 2,972 | $372M | $125,284 |
| Painters District Council No. 3 Pension Fund | Painters District Council No. 3 Pension Fund | 1,747 | $147M | $83,935 |
| Greater Kansas City Laborers Pension Plan | Greater Kansas City Laborers Pension Plan | 3,966 | $440M | $110,980 |
| Bac Local Union 15 Pension Fund | Board of Trustees Bac Local 15 Pension Fund | 1,672 | $146M | $87,567 |
| Local Union No. 124 I. B. E. W. Pension Trust Fund | IBEW Local Union No. 124 Pension Trust Fund | 4,432 | $382M | $86,243 |
| Bricklayers Union Local No 1 of Missouri Pension P | Bricklayers Union Local No 1 of Missouri Pension Plan | 1,630 | $129M | $79,441 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Mo-Kan Iron Workers Pension Fund?
2,328 participants at the end of the plan year ending 31 Jan 2025, of whom 1,008 were active employees, with net assets of $265,877,002. 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 Mo-Kan Iron Workers Pension Plan contribute per participant?
The filing reports $18,598,879 in employer contributions for the year, which is $18,451 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 $721,263 in compensation to service provider organisations, $310 per participant or 0.27% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $912,382. 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 Mo-Kan Iron Workers Pension Plan. Recordkeeping or administration: Wilson McShane Corporation. Investment advisory or management: Commerce Bank, Fiducient Advisors and Foundry Partners LLC. Trustee or custodian: Midwest Institutional Trust Company. The financial statements were audited by Anders Minkler Huber Helm LLP. 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 Feb 2024 to 31 Jan 2025, received by the Department of Labor on 5 Dec 2025. 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 43-6130595, plan 001, received 5 Dec 2025; 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.