Illinois › Administrative and support and waste management services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Dec 2024 to 30 Nov 2025
Local No. 1 Retirement Savings Trust Fund
Sponsored by Trustee of Local 1 Retirement Savings Trust Fund, Downers Grove, IL
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.
Local No. 1 Retirement Savings Trust Fund is a profit-sharing plan sponsored by Trustee of Local 1 Retirement Savings Trust Fund of Downers Grove, Illinois. For the plan year ending 30 Nov 2025 it reported 2,128 participants, 1,446 of them active, and net assets of $16.2M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $7,598 per participant, well below the $50,261 median for defined contribution plans with 1,000 to 4,999 participants and well below the $24,581 median for defined contribution plans in administrative and support and waste management services. 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 $1.7M during the year, or $1,143 per active participant against a same-size median of $2,042; participants contributed $400K. Benefits paid out totalled $766K.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $168K: $78.93 per participant, close to the same-size median of $82.05. Administrative expenses charged to the plan were $191K. 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 $673K in 2013 to $16.2M in 2024 (up 2303%), and participants from 658 to 2,128 (up 223%).
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 | $7,598 | $50,261 | $24,581 | $53,089 |
| Employer contributions per active participant | $1,143 | $2,042 | $1,302 | $2,174 |
| Schedule C compensation per participant | $78.93 | $82.05 | $98.68 | $123 |
| Schedule C compensation, share of net assets | 1.0% | 0.17% | 0.44% | 0.26% |
| Administrative expenses per participant | $89.69 | $82.08 | $96.74 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,229 plans), administrative and support and waste management services (1,686) and all US plans (63,607). 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 | 2,128 | $16.2M | $7,598 | $1.7M | $400K | $168K |
| 2023 | 1,809 | $13.8M | $7,630 | $1.5M | $367K | $156K |
| 2022 | 1,669 | $11.1M | $6,624 | $1.4M | $355K | $140K |
| 2021 | 1,715 | $9.8M | $5,738 | $1.5M | $408K | $117K |
| 2020 | 1,591 | $9.4M | $5,940 | $1.3M | $367K | $109K |
| 2019 | 949 | $7.8M | $8,172 | $1.3M | $181K | $102K |
| 2018 | 961 | $5.9M | $6,144 | $1.2M | $154K | $97K |
| 2017 | 869 | $4.3M | $4,986 | $1.0M | $170K | $87K |
| 2016 | 845 | $3.4M | $4,051 | $1.1M | $132K | $86K |
| 2015 | 655 | $2.1M | $3,256 | $785K | $85K | $39K |
| 2014 | 671 | $1.4M | $2,016 | $880K | $70K | $20K |
| 2013 | 658 | $673K | $1,023 | $808K | — | $0 |
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$13,802,937
- Employer contributions$1,652,760
- Participant contributions$400,129
- Rollovers and other contributions—
- Total contributions$2,052,889
- Total income, including investment results$3,323,239
- Benefits paid$765,934
- Administrative expenses$190,861
- Total expenses$956,795
- Net income$2,366,444
- Net transfers$0
- Net assets, end of year$16,169,381
Participants
- Active participants1,446
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits664
- Participants with account balances2,128
- Total participants, end of year2,128
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Wilson-McShane Corporation | Contract Administrator | $79,200 | $0 |
| Legacy Professionals LLP | Accounting (including auditing); Recordkeeping and information management | $43,957 | $0 |
| Laner Muchin Ltd. | Legal | $31,817 | $0 |
| Amalgamated Bank | Custodial (securities) | $7,647 | $0 |
| Marquette Associates Inc. | Investment advisory (plan) | $5,346 | $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$79,200
- Legal fees$31,817
- IQPA audit fees$24,000
- Recordkeeping fees$19,957
- Other trustee fees and expenses$13,302
- Other administrative expenses$9,592
- Trustee and custodial fees$7,647
- Investment advisory and management fees$5,346
- Total administrative expenses$190,861
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)$14.7M · 91.1%
- Common/collective trusts$818K · 5.1%
- Cash (interest and non-interest bearing)$435K · 2.7%
- Receivables$187K · 1.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmLegacy Professionals 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
2EProfit-sharing plan2FERISA section 404(c) plan2HPartial participant-directed account plan2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561790: Other Services to Buildings & Dwellings.
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Medhq, LLC 401(k) Plan | Medhq, LLC | 2,448 | $45.4M | $18,536 |
| RHM LLC 401(k) Profit Sharing Plan & Trust | RHM LLC | 1,814 | $4.7M | $2,602 |
| Vonachen Group, Inc. 401(k) Plan | Vonachen Group, Inc. | 2,632 | $8.6M | $3,262 |
| The Advanced Group of Companies Employee Savings and Retirement Plan | Advanced Personnel, Inc. | 1,767 | $86.5M | $48,966 |
| HCMC Legal, Inc. Employee Stock Ownership Plan | HCMC Legal, Inc. | 2,724 | −$13.7M | — |
| Staff Management, Inc. Pooled Employer Plan | Staff Management, Inc. | 1,465 | $32.8M | $22,360 |
Defined contribution plans in administrative and support and waste management services closest in size.
Questions and answers
How big is Local No. 1 Retirement Savings Trust Fund?
2,128 participants at the end of the plan year ending 30 Nov 2025, of whom 1,446 were active employees, with net assets of $16,169,381. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,229 plans in plan year 2024.
What does Trustee of Local 1 Retirement Savings Trust Fund contribute per participant?
The filing reports $1,652,760 in employer contributions for the year, which is $1,143 per active participant; the median for plans of the same type and size was $2,042 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 $167,967 in compensation to service provider organisations, $78.93 per participant or 1.0% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.05 per participant. Administrative expenses on Schedule H were $190,861. 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 Trustee of Local 1 Retirement Savings Trust Fund. Recordkeeping or administration: Wilson-McShane Corporation and Legacy Professionals LLP. Investment advisory or management: Marquette Associates Inc.. Trustee or custodian: Amalgamated Bank. The financial statements were audited by Legacy Professionals 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 Dec 2024 to 30 Nov 2025, received by the Department of Labor on 15 Sep 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 Sep 2026. This page shows the latest filing on record for EIN 46-7241306, plan 001, received 15 Sep 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.