Ohio › Other services › 250 to 499 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Maintenance Employees Teamsters Local 416 of Cleveland Pension Plan
Sponsored by Maintenance Employees Teamsters Local 416 Pension, Independence, OH
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.
Maintenance Employees Teamsters Local 416 Pension of Independence, Ohio sponsors Maintenance Employees Teamsters Local 416 of Cleveland Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 30 Sep 2025 shows 468 participants (0 active) and $347K in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $741 per participant, well below the $87,254 median for defined benefit plans with 250 to 499 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.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $25K: $53.24 per participant, well below the same-size median of $413. Administrative expenses charged to the plan were $121K. 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 $7.3M in 2009 to $347K in 2024 (down 95%), and participants from 693 to 468 (down 32%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $741 | $87,254 | $110,377 | $86,221 |
| Employer contributions per active participant | — | $11,032 | $13,001 | $10,244 |
| Schedule C compensation per participant | $53.24 | $413 | $486 | $344 |
| Schedule C compensation, share of net assets | 7.2% | 0.51% | 0.44% | 0.42% |
| Administrative expenses per participant | $258 | $596 | $662 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 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 | 468 | $347K | $741 | — | — | $25K |
| 2023 | 479 | $357K | $745 | — | — | $23K |
| 2022 | 484 | $380K | $785 | — | — | $41K |
| 2021 | 493 | $389K | $789 | — | — | $29K |
| 2020 | 535 | $319K | $596 | — | — | $16K |
| 2019 | 549 | $320K | $583 | — | — | $40K |
| 2018 | 554 | $333K | $601 | — | — | $37K |
| 2017 | 566 | $311K | $549 | — | — | $56K |
| 2016 | 566 | $231K | $408 | — | — | $95K |
| 2015 | 566 | $1.1M | $1,889 | — | — | $57K |
| 2014 | 581 | $1.1M | $1,878 | — | — | $114K |
| 2013 | 591 | $1.6M | $2,739 | $152K | — | $193K |
| 2012 | 698 | $2.5M | $3,625 | $913K | — | $184K |
| 2011 | 688 | $4.2M | $6,055 | $825K | — | $158K |
| 2010 | 640 | $5.6M | $8,705 | $779K | — | $147K |
| 2009 | 693 | $7.3M | $10,577 | $711K | — | $144K |
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$357,419
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions$1,255,236
- Total contributions$1,255,236
- Total income, including investment results$1,255,236
- Benefits paid$1,144,908
- Administrative expenses$120,828
- Total expenses$1,265,736
- Net income−$10,500
- Net transfers$0
- Net assets, end of year$346,919
Participants
- Active participants0
- Retired or separated, receiving benefits231
- Retired or separated, entitled to future benefits207
- Total participants, end of year468
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Tramer and Bolbach, Inc. | — | $17,576 | $0 |
| Buck Global LLC | — | $7,339 | $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
- Other administrative expenses$60,969
- Salaries and allowances$28,713
- IQPA audit fees$17,576
- Actuarial fees$7,339
- Legal fees$6,231
- Total administrative expenses$120,828
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.
- Cash (interest and non-interest bearing)$342K · 93.8%
- Receivables$23K · 6.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmTramer and Bolbach, Inc.
- 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
1HPlan covered by PBGC that was terminated and closed out for PBGC purposes
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 811210: Electronic & Precision Equipment Repair & Maintenance.
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Textile Processors Service Trades Health Care Professional and Technical Employees International Union Local No 1 Pension Fund | Board of Trustees, Textile Processors Service Trades Health Care | 682 | $138K | $202 |
| Mechanics Laundry & Supply, Inc. Teamsters Employees Pension Plan | Cintas Corporation F/k/a Mechanics Laundry & Supply, Inc. | 312 | $9.1M | $29,018 |
| The Defined Benefit Pension Plan of United Way of Greater Toledo and Affiliated Agencies | United Way of Greater Toledo | 1,000 | $34.4M | $34,410 |
| Defined Benefit Pension Plan of United Way of Greater Cleveland | United Way of Greater Cleveland | 147 | $8.5M | $57,498 |
| Local 400 Food Terminal Employees' Pension Plan | Board of Trustees of Local 400 Food Terminal | 1,044 | $21.4M | $20,471 |
| Economy Linen and Towel Service, Inc. Plant Pension Fund - Dayton | Economy Linen and Towel Service, Inc. | 130 | $1.1M | $8,552 |
Defined benefit plans in other services closest in size.
Questions and answers
How big is Maintenance Employees Teamsters Local 416 of Cleveland Pension Plan?
468 participants at the end of the plan year ending 30 Sep 2025, of whom 0 were active employees, with net assets of $346,919. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Maintenance Employees Teamsters Local 416 Pension contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $24,915 in compensation to service provider organisations, $53.24 per participant or 7.2% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $120,828. 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 Maintenance Employees Teamsters Local 416 Pension. The financial statements were audited by Tramer and Bolbach, Inc.. 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 4 Jun 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 51-6033958, plan 001, received 4 Jun 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.