Nevada › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Construction Industry and Laborers Defined Contribution Pension Plan
Sponsored by Const Ind & Laborers Defined Contribution Pension Plan, Las Vegas, NV
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 Dec 2024, Construction Industry and Laborers Defined Contribution Pension Plan covered 5,091 participants and held $30.7M in net assets. The plan is a profit-sharing plan sponsored by Const Ind & Laborers Defined Contribution Pension Plan of Las Vegas, Nevada. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $6,023 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 $4.5M during the year, or $1,478 per active participant against a same-size median of $2,424; participants contributed —. Benefits paid out totalled $1.5M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $141K: $27.66 per participant, well below the same-size median of $53.38. Administrative expenses charged to the plan were $154K. 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 $95K in 2014 to $30.7M in 2024 (up 32178%), and participants from 1,146 to 5,091 (up 344%).
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 | $6,023 | $64,499 | $54,962 | $53,102 |
| Employer contributions per active participant | $1,478 | $2,424 | $2,728 | $2,175 |
| Schedule C compensation per participant | $27.66 | $53.38 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.46% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $30.26 | $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 | 5,091 | $30.7M | $6,023 | $4.5M | — | $141K |
| 2023 | 4,872 | $26.1M | $5,359 | $4.8M | — | $94K |
| 2022 | 4,365 | $20.2M | $4,621 | $3.9M | — | $81K |
| 2021 | 4,122 | $21.2M | $5,139 | $3.5M | — | $79K |
| 2020 | 3,957 | $17.3M | $4,382 | $4.1M | — | $75K |
| 2019 | 3,522 | $12.4M | $3,531 | $3.9M | — | $46K |
| 2018 | 2,873 | $7.4M | $2,583 | $3.2M | — | $37K |
| 2017 | 2,420 | $4.5M | $1,858 | $2.2M | — | $29K |
| 2016 | 2,054 | $2.2M | $1,061 | $1.4M | — | $35K |
| 2015 | 1,623 | $814K | $502 | $784K | — | $40K |
| 2014 | 1,146 | $95K | $83 | $98K | — | $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$26,110,482
- Employer contributions$4,480,369
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$4,480,369
- Total income, including investment results$6,248,414
- Benefits paid$1,540,356
- Administrative expenses$154,075
- Total expenses$1,694,431
- Net income$4,553,983
- Net transfers$0
- Net assets, end of year$30,664,465
Participants
- Active participants3,032
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits2,032
- Participants with account balances5,091
- Total participants, end of year5,091
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Berry & Co., Cpa's Ltd. | Accounting (including auditing) | $41,783 | $0 |
| Brownstein Hyatt Farber Schreck LLP | Legal | $35,577 | $0 |
| Wilson McShane Corp. | Contract Administrator; Accounting (including auditing); Participant communication | $32,300 | $0 |
| Global Trust Company | Trustee (bank, trust company, or similar financial institution) | $12,409 | $0 |
| Segal Marco Advisors | Consulting (pension); Investment advisory (plan) | $11,631 | $0 |
| Principal Trust Co. | Custodial (securities); Trustee (bank, trust company, or similar financial institution) | $7,110 | $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$37,550
- Legal fees$35,813
- Contract administrator fees$32,300
- Investment advisory and management fees$24,041
- Other administrative expenses$9,720
- Trustee and custodial fees$7,110
- Recordkeeping fees$4,233
- Salaries and allowances$3,211
- Other trustee fees and expenses$97
- Total administrative expenses$154,075
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)$28.4M · 92.5%
- Common/collective trusts$1.6M · 5.2%
- Receivables$383K · 1.2%
- Cash (interest and non-interest bearing)$315K · 1.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBerry & Co., Cpa's Ltd.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $6,000,000
- 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 Nevada
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| I.B.E.W. Local Union No 357 Pension Trust Fund, Plan B | I.B.E.W. Board of Trustees for Local No 357 Pension Trust | 7,275 | $545M | $74,867 |
| Sheet Metal Workers' Local 88 401(k) Plan | Board of Trustees | 3,070 | $80.0M | $26,062 |
| Southern Nevada and California Glaziers, Fabricators, Painters and Floorcoverers Pension Trust Fund | Southern NV & Ca Glaziers Fabricators Painters & Floorcoverers Pensio | 8,658 | $109M | $12,625 |
| Cement Masons and Plasterers Joint Pension Plan | Board of Trustees Cement Masons and Plasterers Joint Pension Plan | 2,001 | $95.2M | $47,559 |
| U.A. Local 350 Retirement Trust | U.A. Local 350 Retirement Trust | 1,329 | $42.6M | $32,045 |
| Olympia / Fandango / Legends 401(k) Plan | Olympia Companies, LLC | 743 | $9.8M | $13,209 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Construction Industry and Laborers Defined Contribution Pension Plan?
5,091 participants at the end of the plan year ending 31 Dec 2024, of whom 3,032 were active employees, with net assets of $30,664,465. 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 Const Ind & Laborers Defined Contribution Pension Plan contribute per participant?
The filing reports $4,480,369 in employer contributions for the year, which is $1,478 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 $140,810 in compensation to service provider organisations, $27.66 per participant or 0.46% 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 $154,075. 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 Const Ind & Laborers Defined Contribution Pension Plan. Recordkeeping or administration: Wilson McShane Corp.. Investment advisory or management: Segal Marco Advisors. Trustee or custodian: Global Trust Company and Principal Trust Co.. The financial statements were audited by Berry & Co., Cpa's Ltd.. 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 13 Oct 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 47-2340277, plan 001, received 13 Oct 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.