Pennsylvania › Finance and insurance › 500 to 999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Laborers of Delaware Local Union No. 199 Pension Plan
Sponsored by Laborers of Delaware LCL Union 199 Board of Trustees, Pittsburgh, PA
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.
Laborers of Delaware Local Union No. 199 Pension Plan is a defined benefit pension plan sponsored by Laborers of Delaware LCL Union 199 Board of Trustees of Pittsburgh, Pennsylvania. For the plan year ending 30 Apr 2025 it reported 774 participants, 211 of them active, and net assets of $63.9M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $82,536 per participant, close to the $86,583 median for defined benefit plans with 500 to 999 participants and well below the $119,983 median for defined benefit plans in finance and insurance. 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 $2.9M for the year ($13,559 per active participant) and benefits paid were $3.8M. 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 $600K: $775 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $667K. 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 $31.0M in 2009 to $63.9M in 2024 (up 106%), and participants from 1,028 to 774 (down 25%).
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 | $82,536 | $86,583 | $119,983 | $86,221 |
| Employer contributions per active participant | $13,559 | $10,758 | $7,849 | $10,244 |
| Schedule C compensation per participant | $775 | $377 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.94% | 0.48% | 0.32% | 0.42% |
| Administrative expenses per participant | $862 | $591 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), finance and insurance (690) 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 | 774 | $63.9M | $82,536 | $2.9M | — | $600K |
| 2023 | 775 | $59.5M | $76,832 | $2.8M | — | $565K |
| 2022 | 752 | $52.5M | $69,801 | $2.1M | — | $535K |
| 2021 | 707 | $55.4M | $78,342 | $2.1M | — | $523K |
| 2020 | 758 | $59.3M | $78,276 | $1.9M | — | $496K |
| 2019 | 725 | $45.9M | $63,243 | $2.6M | — | $518K |
| 2018 | 945 | $47.2M | $49,911 | $2.2M | — | $545K |
| 2017 | 913 | $45.8M | $50,133 | $1.8M | — | $504K |
| 2016 | 961 | $43.3M | $45,023 | $2.0M | — | $483K |
| 2015 | 804 | $40.5M | $50,391 | $2.0M | — | $463K |
| 2014 | 864 | $43.2M | $50,036 | $2.0M | — | $466K |
| 2013 | 891 | $40.5M | $45,466 | $2.0M | — | $467K |
| 2012 | 884 | $36.9M | $41,774 | $1.8M | — | $449K |
| 2011 | 986 | $35.2M | $35,686 | $2.2M | — | $467K |
| 2010 | 1,042 | $34.9M | $33,465 | $2.8M | — | $425K |
| 2009 | 1,028 | $31.0M | $30,119 | $1.7M | — | $429K |
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$59,544,937
- Employer contributions$2,860,982
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,860,982
- Total income, including investment results$8,768,182
- Benefits paid$3,763,213
- Administrative expenses$666,841
- Total expenses$4,430,054
- Net income$4,338,128
- Net transfers$0
- Net assets, end of year$63,883,065
Participants
- Active participants211
- Retired or separated, receiving benefits326
- Retired or separated, entitled to future benefits154
- Total participants, end of year774
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Stacey Braun Associates | Investment management | $163,015 | $0 |
| Central Data Services, Inc. | Contract Administrator | $97,129 | $0 |
| Wright Investors | Investment management | $72,510 | $0 |
| Segal Company | Actuarial | $67,020 | $0 |
| Markowitz & Richman | Legal | $47,428 | $0 |
| Young Conaway Stargatt & Taylor LLP | Legal | $41,587 | $0 |
| Quan-Vest Consultants, Inc. | Consulting (pension) | $39,996 | $0 |
| PNC Bank | Custodial (securities) | $36,854 | $0 |
| Belfint, Lyons & Shuman, P.A. | Accounting (including auditing) | $34,689 | $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$272,379
- Other administrative expenses$106,609
- Contract administrator fees$97,129
- Legal fees$89,015
- Actuarial fees$67,020
- IQPA audit fees$34,689
- Total administrative expenses$666,841
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.
- Corporate stocks$36.3M · 56.7%
- U.S. Government securities$13.5M · 21.1%
- Corporate debt instruments$6.5M · 10.1%
- Common/collective trusts$4.1M · 6.4%
- Cash (interest and non-interest bearing)$2.7M · 4.2%
- Receivables$778K · 1.2%
- Registered investment companies (mutual funds)$101K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBelfint, Lyons & Shuman, P.A.
- 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
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 525100: Insurance & Employee Benefit Funds.
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| IBEW Local 712 Pension Trust Fund | IBEW Local 712 Pension Trust Fund | 1,047 | $106M | $101,276 |
| Employees' Retirement Plan of S&T Bank | S&T Bank | 717 | $63.8M | $88,933 |
| Revised Pension Plan for Employees of Pennsylvania National Mutual Casualty Insurance Company and Its Affiliated Companies | Pennsylvania National Mutual Casualty Insurance Company | 1,072 | $212M | $197,692 |
| Fulton Financial Affiliates Defined Benefit Pension Plan | Fulton Financial Corporation | 701 | $85.5M | $122,015 |
| Agents Retirement Plan of the Lincoln National Life Insurance Company | Lincoln National Life Insurance Company | 1,312 | $73.3M | $55,903 |
| Plumbers & Steamfitters Local 83 Pension Fund | Plumbers & Steamfitter Local 83 | 532 | $55.0M | $103,366 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Laborers of Delaware Local Union No. 199 Pension Plan?
774 participants at the end of the plan year ending 30 Apr 2025, of whom 211 were active employees, with net assets of $63,883,065. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Laborers of Delaware LCL Union 199 Board of Trustees contribute per participant?
The filing reports $2,860,982 in employer contributions for the year, which is $13,559 per active participant; the median for plans of the same type and size was $10,758 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 $600,228 in compensation to service provider organisations, $775 per participant or 0.94% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $666,841. 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 Laborers of Delaware LCL Union 199 Board of Trustees. Recordkeeping or administration: Central Data Services, Inc.. Investment advisory or management: Stacey Braun Associates and Wright Investors. Trustee or custodian: PNC Bank. The financial statements were audited by Belfint, Lyons & Shuman, P.A.. 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 16 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 51-6024937, plan 001, received 16 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.