New York › Other services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Liquor Salesmens Union Local 2 Pension Fund
Sponsored by Board of Trustees of the Liquor Salesmens Union Local 2 Pension Fund, Staten Island, NY
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.
Board of Trustees of the Liquor Salesmens Union Local 2 Pension Fund of Staten Island, New York sponsors Liquor Salesmens Union Local 2 Pension Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 1,053 participants (333 active) and $78.5M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $74,539 per participant, below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $110,377 median for defined benefit plans in other services. 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 $1.4M for the year ($4,200 per active participant) and benefits paid were $4.7M. 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 9 service provider organisations paid $5,000 or more, with reported compensation of $336K: $320 per participant, close to the same-size median of $325. Administrative expenses charged to the plan were $551K. 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 $67.7M in 2009 to $78.5M in 2024 (up 16%), and participants from 1,215 to 1,053 (down 13%).
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 | $74,539 | $87,935 | $110,377 | $86,221 |
| Employer contributions per active participant | $4,200 | $10,593 | $13,001 | $10,244 |
| Schedule C compensation per participant | $320 | $325 | $486 | $344 |
| Schedule C compensation, share of net assets | 0.43% | 0.41% | 0.44% | 0.42% |
| Administrative expenses per participant | $524 | $513 | $662 | $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), other services (226) 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 | 1,053 | $78.5M | $74,538 | $1.4M | — | $336K |
| 2023 | 1,043 | $75.1M | $72,008 | $1.4M | — | $296K |
| 2022 | 1,066 | $70.7M | $66,291 | $1.4M | — | $390K |
| 2021 | 1,072 | $84.5M | $78,784 | $1.4M | — | $412K |
| 2020 | 1,045 | $76.4M | $73,140 | $1.6M | — | $312K |
| 2019 | 1,148 | $71.5M | $62,275 | $1.7M | — | $265K |
| 2018 | 1,159 | $66.0M | $56,928 | $1.6M | — | $261K |
| 2017 | 1,158 | $71.6M | $61,818 | $1.6M | — | $306K |
| 2016 | 1,159 | $65.1M | $56,144 | $1.6M | — | $244K |
| 2015 | 1,254 | $65.1M | $51,936 | $1.6M | — | $378K |
| 2014 | 1,199 | $70.5M | $58,822 | $1.4M | — | $513K |
| 2013 | 1,269 | $69.9M | $55,082 | $1.3M | — | $470K |
| 2012 | 1,196 | $65.7M | $54,950 | $1.2M | — | $495K |
| 2011 | 1,194 | $63.7M | $53,347 | $1.1M | — | $365K |
| 2010 | 1,195 | $67.8M | $56,771 | $1.1M | — | $370K |
| 2009 | 1,215 | $67.7M | $55,730 | $1.1M | — | $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$75,104,227
- Employer contributions$1,398,603
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$1,398,603
- Total income, including investment results$8,595,087
- Benefits paid$4,658,607
- Administrative expenses$551,362
- Total expenses$5,209,969
- Net income$3,385,118
- Net transfers$0
- Net assets, end of year$78,489,345
Participants
- Active participants333
- Retired or separated, receiving benefits390
- Retired or separated, entitled to future benefits232
- Total participants, end of year1,053
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Segal Marco Advisors | Investment advisory (plan) | $60,000 | $0 |
| Bank of New York Mellon | Custodial (other than securities); Custodial (securities); Recordkeeping and information management; Accounting (including auditing); Plan Administrator | $50,674 | $0 |
| Intercontinental Real Estate Corp. | Investment management fees paid directly by plan | $49,866 | $0 |
| Proskauer Rose LLP | Legal | $41,209 | $0 |
| Manning & Napier Advisors, LLC | Investment management; Investment advisory (plan) | $41,134 | $0 |
| Weaver and Tidwell, L.L.P | Accounting (including auditing) | $35,425 | $0 |
| First Actuarial Consulting, Inc. | Actuarial | $32,800 | $0 |
| Northern Trust | Other services | $18,935 | $0 |
| Amalgamated Bank of Chicago | Custodial (securities) | $6,388 | $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
- Investment advisory and management fees$226,996
- Other administrative expenses$214,932
- Legal fees$41,209
- IQPA audit fees$35,425
- Actuarial fees$32,800
- Total administrative expenses$551,362
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$36.8M · 46.8%
- Registered investment companies (mutual funds)$25.2M · 32.1%
- U.S. Government securities$5.6M · 7.2%
- Partnership/joint venture interests$4.5M · 5.7%
- Cash (interest and non-interest bearing)$3.4M · 4.3%
- Corporate debt instruments$3.0M · 3.8%
- Receivables$94K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWeaver and Tidwell, L.L.P.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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 813930: Labor Unions and Similar Labor Organizations.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Nysut Employees Retirement Plan | New York State United Teachers | 1,084 | $520M | $479,980 |
| The Children's Aid Society Retirement Plan | The Children's Aid Society | 1,051 | $84.7M | $80,547 |
| Local 1034 Pension Fund | Board of Trustees of Local 1034 Pension Fund | 1,225 | $113M | $92,114 |
| Communications Workers Local 1109 Pension Fund | Local 1109 Pension Fund | 901 | $27.2M | $30,221 |
| Local 917 Pension Fund | Board of Trustees Local 917 Pension Fund | 1,334 | $27.8M | $20,811 |
| Girl Scouts of the USA Retirement Plan | Girl Scouts of the USA | 765 | $80.0M | $104,622 |
Defined benefit plans in other services closest in size.
Questions and answers
How big is Liquor Salesmens Union Local 2 Pension Fund?
1,053 participants at the end of the plan year ending 31 Dec 2024, of whom 333 were active employees, with net assets of $78,489,345. 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 Board of Trustees of the Liquor Salesmens Union Local 2 Pension Fund contribute per participant?
The filing reports $1,398,603 in employer contributions for the year, which is $4,200 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 $336,431 in compensation to service provider organisations, $320 per participant or 0.43% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $551,362. 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 of the Liquor Salesmens Union Local 2 Pension Fund. Recordkeeping or administration: Bank of New York Mellon. Investment advisory or management: Segal Marco Advisors and Manning & Napier Advisors, LLC. Trustee or custodian: Bank of New York Mellon and Amalgamated Bank of Chicago. The financial statements were audited by Weaver and Tidwell, L.L.P.. 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 12 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 51-0156423, plan 001, received 12 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.