Kansas › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Kansas Construction Trades Open End Pension Trust Fund
Sponsored by Kansas Construction Trades Open End Pension Trust Fund, Topeka, KS
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.
Kansas Construction Trades Open End Pension Trust Fund is a defined benefit pension plan sponsored by Kansas Construction Trades Open End Pension Trust Fund of Topeka, Kansas. For the plan year ending 31 Dec 2024 it reported 7,084 participants, 768 of them active, and net assets of $202M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $28,550 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well below 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 $50.3M for the year ($65,557 per active participant) and benefits paid were $18.1M. 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 15 service provider organisations paid $5,000 or more, with reported compensation of $838K: $118 per participant, well below the same-size median of $232. Administrative expenses charged to the plan were $1.2M. 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 $128M in 2009 to $202M in 2024 (up 58%), and participants from 7,270 to 7,084 (down 3%).
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 | $28,550 | $87,623 | $100,593 | $86,221 |
| Employer contributions per active participant | $65,557 | $9,468 | $13,292 | $10,244 |
| Schedule C compensation per participant | $118 | $232 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.41% | 0.30% | 0.46% | 0.42% |
| Administrative expenses per participant | $165 | $396 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 | 7,084 | $202M | $28,550 | $50.3M | — | $838K |
| 2023 | 8,550 | $154M | $18,064 | $6.8M | — | $1.0M |
| 2022 | 7,515 | $148M | $19,716 | $6.8M | — | $516K |
| 2021 | 8,145 | $183M | $22,409 | $7.2M | — | $698K |
| 2020 | 7,908 | $164M | $20,714 | $7.8M | — | $695K |
| 2019 | 7,605 | $157M | $20,698 | $8.1M | — | $667K |
| 2018 | 8,375 | $142M | $16,905 | $8.0M | — | $663K |
| 2017 | 7,983 | $155M | $19,452 | $7.5M | — | $604K |
| 2016 | 8,354 | $143M | $17,092 | $7.6M | — | $689K |
| 2015 | 8,143 | $141M | $17,336 | $6.7M | — | $596K |
| 2014 | 7,526 | $148M | $19,664 | $6.8M | — | $547K |
| 2013 | 7,678 | $147M | $19,081 | $5.5M | — | $529K |
| 2012 | 7,244 | $135M | $18,597 | $5.0M | — | $759K |
| 2011 | 7,337 | $128M | $17,378 | $4.3M | — | $980K |
| 2010 | 7,309 | $135M | $18,462 | $4.2M | — | $1.0M |
| 2009 | 7,270 | $128M | $17,594 | $4.8M | — | $994K |
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$154,446,495
- Employer contributions$50,347,550
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$50,347,550
- Total income, including investment results$67,117,396
- Benefits paid$18,147,305
- Administrative expenses$1,170,575
- Total expenses$19,317,880
- Net income$47,799,516
- Net transfers$0
- Net assets, end of year$202,246,011
Participants
- Active participants768
- Retired or separated, receiving benefits1,942
- Retired or separated, entitled to future benefits3,876
- Total participants, end of year7,084
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Marquette Associates | Investment advisory (plan) | $195,000 | $0 |
| KBT Health & Welfare | Recordkeeping and information management | $182,651 | $0 |
| Federal Insurance Company | Insurance agents and brokers | $81,613 | $0 |
| American Realty Advisors | Investment management | $77,503 | $0 |
| United Actuarial Services, Inc. | Actuarial | $71,159 | $0 |
| H.i.g Whitehorse Principal Lending | Investment advisory (plan) | $54,789 | $0 |
| Mize CPAS Inc. | Accounting (including auditing) | $53,700 | $0 |
| The Bank of New York Mellon | Investment management | $46,863 | $0 |
| Midwest Institutional Trust Company | Investment management | $26,618 | $0 |
| Diamond Printing | Other services | $14,030 | $0 |
| Bridgeway Benefit Technologies | Claims processing | $9,500 | $0 |
| BMO Harris Bank | Custodial (other than securities); Custodial (securities) | $9,423 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. 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$621,000
- Investment advisory and management fees$387,512
- Actuarial fees$71,159
- Salaries and allowances$66,220
- Legal fees$24,684
- Total administrative expenses$1,170,575
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$101M · 50.0%
- Other investments$66.0M · 32.6%
- Registered investment companies (mutual funds)$25.9M · 12.8%
- Cash (interest and non-interest bearing)$8.3M · 4.1%
- Receivables$1.2M · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmRubinbrown LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the year—
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 238900: Other Specialty Trade Contractors (including site preparation).
Similar plans in Kansas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| International Brotherhood of Electrical Workers Local Union No 226 Open End Pension Fund | IBEW Local Union No 226 Pension Fund | 1,273 | $101M | $79,524 |
| Sheet Metal Workers Local 218(S) Pension Plan | Sheet Metal Workers Local 218(S) Pension Fund | 387 | $61.2M | $158,125 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Kansas Construction Trades Open End Pension Trust Fund?
7,084 participants at the end of the plan year ending 31 Dec 2024, of whom 768 were active employees, with net assets of $202,246,011. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Kansas Construction Trades Open End Pension Trust Fund contribute per participant?
The filing reports $50,347,550 in employer contributions for the year, which is $65,557 per active participant; the median for plans of the same type and size was $9,468 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 $838,162 in compensation to service provider organisations, $118 per participant or 0.41% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $1,170,575. 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 Kansas Construction Trades Open End Pension Trust Fund. Recordkeeping or administration: KBT Health & Welfare. Investment advisory or management: Marquette Associates, American Realty Advisors and H.i.g Whitehorse Principal Lending. Trustee or custodian: BMO Harris Bank. The financial statements were audited by Rubinbrown 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 14 Feb 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 48-6171387, plan 001, received 14 Feb 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.