Indiana › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Indiana Laborers Defined Contribution Trust Fund
Sponsored by Board of Trustees - Indiana Laborers DC Plan, Terre Haute, IN
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.
Indiana Laborers Defined Contribution Trust Fund is a profit-sharing plan sponsored by Board of Trustees - Indiana Laborers DC Plan of Terre Haute, Indiana. For the plan year ending 30 Apr 2025 it reported 15,678 participants, 15,678 of them active, and net assets of $59.7M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $3,809 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 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.
The employer contributed $9.6M during the year, or $612 per active participant against a same-size median of $2,424; participants contributed — and $146 arrived as rollovers and other contributions. Benefits paid out totalled $3.2M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $466K: $29.69 per participant, well below the same-size median of $53.38. Administrative expenses charged to the plan were $570K. 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 $1.4M in 2014 to $59.7M in 2024 (up 4243%), and participants from 8,512 to 15,678 (up 84%).
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 | $3,809 | $64,499 | $54,962 | $53,102 |
| Employer contributions per active participant | $612 | $2,424 | $2,728 | $2,175 |
| Schedule C compensation per participant | $29.69 | $53.38 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.78% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $36.33 | $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 | 15,678 | $59.7M | $3,809 | $9.6M | — | $466K |
| 2023 | 15,644 | $49.4M | $3,158 | $9.3M | — | $406K |
| 2022 | 15,349 | $41.6M | $2,712 | $8.7M | — | $370K |
| 2021 | 13,678 | $34.6M | $2,529 | $8.1M | — | $340K |
| 2020 | 12,537 | $29.6M | $2,362 | $7.4M | — | $258K |
| 2019 | 12,023 | $20.6M | $1,712 | $6.9M | — | $189K |
| 2018 | 10,607 | $13.7M | $1,293 | $5.1M | — | $140K |
| 2017 | 9,833 | $8.8M | $895 | $3.5M | — | $111K |
| 2016 | 9,652 | $5.9M | $613 | $2.7M | — | $98K |
| 2015 | 9,324 | $3.4M | $369 | $2.2M | — | $90K |
| 2014 | 8,512 | $1.4M | $162 | $1.4M | — | $21K |
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$49,403,580
- Employer contributions$9,593,197
- Participant contributions—
- Rollovers and other contributions$146
- Total contributions$9,593,343
- Total income, including investment results$14,068,415
- Benefits paid$3,186,144
- Administrative expenses$569,611
- Total expenses$3,755,755
- Net income$10,312,660
- Net transfers$0
- Net assets, end of year$59,716,240
Participants
- Active participants15,678
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits—
- Participants with account balances15,678
- Total participants, end of year15,678
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Indiana Laborers Welfare Fund | Contract Administrator | $303,634 | $0 |
| Marquette Associates | Investment advisory (plan) | $52,618 | $0 |
| American Realty Advisors | Investment management | $48,306 | $0 |
| Ifm Investors Pty Ltd. | Investment management; Foreign entity | $0 | $28,827 |
| Sackrider & Company, Inc. | Accounting (including auditing) | $21,489 | $0 |
| Ledbetter Parisi LLC | Legal | $10,667 | $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
- Contract administrator fees$303,634
- Trustee and custodial fees$140,753
- Investment advisory and management fees$52,618
- Other administrative expenses$37,353
- IQPA audit fees$18,750
- Legal fees$10,667
- Recordkeeping fees$2,791
- Actuarial fees$1,687
- Other trustee fees and expenses$1,358
- Total administrative expenses$569,611
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.
- Common/collective trusts$49.1M · 82.2%
- Partnership/joint venture interests$9.5M · 15.8%
- Receivables$788K · 1.3%
- Cash (interest and non-interest bearing)$398K · 0.7%
- Other investments$17K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmSackrider & Company, Inc.
- 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
2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 236200: Nonresidential Building Construction.
Similar plans in Indiana
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Sheet Metal Workers Local Union No 20 Defined Contribution Pension Plan | Trustees Sheet Metal Workers Local No. 20 Defined Contribution Pension | 4,611 | $107M | $23,265 |
| Plumbers and Steamfitters Local 440 Defined Contribution Plan | Trustees of Plumbers/steamfitters Local 440 Defined Cont Pens Fund | 3,604 | $198M | $54,947 |
| Gaylor Electric, Inc. 401(k) Profit Sharing Plan | Gaylor Electric, Inc. | 3,510 | $80.4M | $22,911 |
| I.B.E.W. Local Union 481 Defined Contribution Plan | IBEW Local Union 481 Defined Contribution | 3,320 | $295M | $88,893 |
| The Townsend Corporation Hourly Employees Retirement Savings Plan | Townsend Tree Service Company, Inc. | 1,914 | $4.8M | $2,501 |
| Centurion Industries, Inc. 401(k) Plan | Centurion Industries, Inc. | 1,847 | $60.2M | $32,619 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Indiana Laborers Defined Contribution Trust Fund?
15,678 participants at the end of the plan year ending 30 Apr 2025, of whom 15,678 were active employees, with net assets of $59,716,240. 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 Board of Trustees - Indiana Laborers DC Plan contribute per participant?
The filing reports $9,593,197 in employer contributions for the year, which is $612 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 $465,541 in compensation to service provider organisations, $29.69 per participant or 0.78% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $569,611. 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 - Indiana Laborers DC Plan. Recordkeeping or administration: Indiana Laborers Welfare Fund. Investment advisory or management: Marquette Associates, American Realty Advisors and Ifm Investors Pty Ltd.. The financial statements were audited by Sackrider & Company, Inc.. 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 18 Sep 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 46-5396452, plan 001, received 18 Sep 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.