Illinois › Manufacturing › 500 to 999 participants
Form 5500 statement · plan year 1 Sep 2024 to 31 Aug 2025
Lumber Employees Local 786 Retirement Fund
Sponsored by Trustees of Lumber Employees 786 Retirement Fund, Chicago, IL
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 Aug 2025, Lumber Employees Local 786 Retirement Fund covered 855 participants and held $47.1M in net assets. The plan is a defined benefit pension plan sponsored by Trustees of Lumber Employees 786 Retirement Fund of Chicago, Illinois. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $55,090 per participant, well below the $86,583 median for defined benefit plans with 500 to 999 participants and below the $67,961 median for defined benefit plans in manufacturing. 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 ($9,702 per active participant) and benefits paid were $3.5M. 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 13 service provider organisations paid $5,000 or more, with reported compensation of $324K: $379 per participant, close to the same-size median of $377. Administrative expenses charged to the plan were $741K. 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 $19.1M in 2009 to $47.1M in 2024 (up 147%), and participants from 476 to 855 (up 80%).
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 | $55,090 | $86,583 | $67,961 | $86,221 |
| Employer contributions per active participant | $9,702 | $10,758 | $6,915 | $10,244 |
| Schedule C compensation per participant | $379 | $377 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.69% | 0.48% | 0.47% | 0.42% |
| Administrative expenses per participant | $867 | $591 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), manufacturing (1,532) 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 | 855 | $47.1M | $55,090 | $1.4M | — | $324K |
| 2023 | 856 | $44.7M | $52,228 | $1.4M | — | $294K |
| 2022 | 891 | $41.1M | $46,168 | $1.6M | — | $300K |
| 2021 | 887 | $40.0M | $45,151 | $1.3M | — | $273K |
| 2020 | 930 | $50.0M | $53,737 | $1.2M | — | $272K |
| 2019 | 930 | $45.6M | $49,008 | $1.1M | — | $238K |
| 2018 | 933 | $44.7M | $47,941 | $1.1M | — | $279K |
| 2017 | 937 | $47.5M | $50,665 | $1.0M | — | $268K |
| 2016 | 976 | $47.0M | $48,144 | $1.1M | — | $230K |
| 2015 | 1,014 | $40.2M | $39,683 | $1.3M | — | $213K |
| 2014 | 487 | $24.2M | $49,641 | $2.3M | — | $162K |
| 2013 | 491 | $25.0M | $50,974 | $2.6M | — | $150K |
| 2012 | 488 | $21.7M | $44,529 | $1.7M | — | $140K |
| 2011 | 484 | $20.6M | $42,539 | $1.7M | — | $148K |
| 2010 | 463 | $19.8M | $42,812 | $846K | — | $140K |
| 2009 | 476 | $19.1M | $40,021 | $616K | — | $112K |
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$44,707,046
- Employer contributions$1,367,984
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$1,367,984
- Total income, including investment results$6,668,232
- Benefits paid$3,532,717
- Administrative expenses$740,936
- Total expenses$4,273,653
- Net income$2,394,579
- Net transfers$0
- Net assets, end of year$47,101,625
Participants
- Active participants141
- Retired or separated, receiving benefits413
- Retired or separated, entitled to future benefits152
- Total participants, end of year855
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Segal Consulting | Actuarial | $68,086 | $0 |
| Burke, Burns & Pinelli, Ltd. | Legal | $46,134 | $0 |
| Bridgeway Benefit Technologies | Consulting (general) | $35,107 | $0 |
| Legacy Professionals, LLP | Accounting (including auditing); Recordkeeping and information management | $34,486 | $0 |
| The Northern Trust Company | Custodial (securities); Named fiduciary; Other services | $34,116 | $0 |
| Mercer | Investment advisory (plan) | $24,333 | $0 |
| Riverbridge Partners, LLC | Investment management | $16,496 | $385 |
| Prudential Trust Co. | Investment management | $15,506 | $0 |
| Silvercrest Asset Management Group | Investment management | $14,274 | $0 |
| Western Asset Management | Investment management | $13,601 | $0 |
| Elite Administration | Insurance agents and brokers | $0 | $10,021 |
| Loomis Sayles | Investment management | $5,989 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 1 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$229,358
- Salaries and allowances$197,511
- Legal fees$97,999
- Investment advisory and management fees$90,199
- Actuarial fees$55,336
- Trustee and custodial fees$36,047
- IQPA audit fees$27,000
- Recordkeeping fees$7,486
- Total administrative expenses$740,936
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)$22.7M · 48.0%
- Common/collective trusts$12.5M · 26.4%
- Partnership/joint venture interests$4.5M · 9.5%
- Receivables$4.1M · 8.6%
- Corporate stocks$3.4M · 7.2%
- Buildings and other property used in plan operation$90K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- 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 321210: Veneer, Plywood, & Engineered Wood Product Mfg.
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Ret Inc. Plan for Ees of the Knapheide MFG Co. Local 822 | The Knapheide Manufacturing Company | 882 | $76.3M | $86,535 |
| Hydro Extrusion USA, LLC Pension Plan | Hydro Extrusion USA, LLC | 771 | $48.5M | $62,876 |
| Senior Operations LLC Retirement Plan | Senior Operations LLC | 901 | $40.6M | $45,111 |
| Stove, Furnace, Allied Appliance, and Enamel Workers Union Pension Plan | Trustees of the Stove,furnace,appliance,& Enamel Workers Pension Plan | 674 | $12.5M | $18,565 |
| Abbott Puerto Rico Retirement Plan | Abbott Healthcare (Puerto Rico) Ltd. C/o Abbott Laboratories | 907 | $102M | $112,756 |
| Flexco Pension Plan | Flexible Steel Lacing Company | 673 | $80.4M | $119,536 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Lumber Employees Local 786 Retirement Fund?
855 participants at the end of the plan year ending 31 Aug 2025, of whom 141 were active employees, with net assets of $47,101,625. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Trustees of Lumber Employees 786 Retirement Fund contribute per participant?
The filing reports $1,367,984 in employer contributions for the year, which is $9,702 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 $324,163 in compensation to service provider organisations, $379 per participant or 0.69% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $740,936. 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 Trustees of Lumber Employees 786 Retirement Fund. Recordkeeping or administration: Legacy Professionals, LLP. Investment advisory or management: Mercer, Riverbridge Partners, LLC and Prudential Trust Co.. Trustee or custodian: The Northern Trust Company. 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 Sep 2024 to 31 Aug 2025, received by the Department of Labor on 11 May 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 51-6067407, plan 001, received 11 May 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.