New York › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Iron Workers District Council of Western New York and Vicinity Pension Plan
Sponsored by Board of Trustees of Iwdc of Wny and Vicinity Pension Plan, Rochester, 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 Iwdc of Wny and Vicinity Pension Plan of Rochester, New York sponsors Iron Workers District Council of Western New York and Vicinity Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 30 Jun 2025 shows 2,357 participants (820 active) and $172M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $73,147 per participant, below the $87,935 median for defined benefit plans with 1,000 to 4,999 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 $10.7M for the year ($13,055 per active participant) and benefits paid were $17.4M. 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 12 service provider organisations paid $5,000 or more, with reported compensation of $1.2M: $516 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $1.0M. 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 $172M in 2024 (up 35%), and participants from 2,738 to 2,357 (down 14%).
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 | $73,147 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $13,055 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $516 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.70% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $425 | $513 | $596 | $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), 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 | 2,357 | $172M | $73,147 | $10.7M | — | $1.2M |
| 2023 | 2,249 | $167M | $74,294 | $8.1M | — | $1.2M |
| 2022 | 2,288 | $168M | $73,384 | $8.3M | — | $1.3M |
| 2021 | 2,371 | $172M | $72,508 | $8.5M | — | $1.3M |
| 2020 | 2,473 | $187M | $75,528 | $9.5M | — | $1.2M |
| 2019 | 2,351 | $154M | $65,447 | $8.3M | — | $1.4M |
| 2018 | 2,248 | $153M | $68,000 | $7.6M | $920K | $1.2M |
| 2017 | 2,273 | $151M | $66,530 | $7.1M | — | $1.3M |
| 2016 | 2,251 | $149M | $66,252 | $7.0M | — | $1.1M |
| 2015 | 2,398 | $146M | $60,995 | $8.0M | — | $993K |
| 2014 | 2,420 | $152M | $62,944 | $6.9M | — | $1.2M |
| 2013 | 2,364 | $162M | $68,353 | $7.7M | — | $1.0M |
| 2012 | 2,483 | $145M | $58,429 | $7.8M | — | $963K |
| 2011 | 2,385 | $139M | $58,299 | $7.6M | — | $980K |
| 2010 | 2,353 | $146M | $62,046 | $6.9M | — | $1.0M |
| 2009 | 2,738 | $128M | $46,647 | $6.2M | — | $1.0M |
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$167,086,993
- Employer contributions$10,704,740
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$10,704,740
- Total income, including investment results$23,702,980
- Benefits paid$17,381,020
- Administrative expenses$1,001,989
- Total expenses$18,383,009
- Net income$5,319,971
- Net transfers$0
- Net assets, end of year$172,406,964
Participants
- Active participants820
- Retired or separated, receiving benefits950
- Retired or separated, entitled to future benefits358
- Total participants, end of year2,357
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Manning & Napier Advisors, LLC | Investment management | $289,489 | $0 |
| Iwdc of Wny & Vicinity Welfare Fund | Other services | $171,908 | $0 |
| Segal Company | Actuarial; Consulting (general); Consulting (pension) | $132,050 | $551 |
| Invesco Balanced-Risk Alloc. Trust | Investment management fees paid directly by plan; Investment management fees paid indirectly by plan | $109,077 | $0 |
| Loomis Sayles & Company L.P. | Investment management fees paid directly by plan | $103,757 | $0 |
| Invesco Core Real Estate | Investment management fees paid directly by plan | $74,616 | $0 |
| Prudential Insurance Co. of America | Investment management | $72,485 | $0 |
| Blitman and King LLP | Legal | $67,967 | $121 |
| Wellington MGMT Company LLC | Investment management fees paid directly by plan | $60,443 | $0 |
| Segal Marco | Investment advisory (plan) | $59,167 | $756 |
| Arcara Lenda Eusanio & Stacey CPAS | Accounting (including auditing) | $56,833 | $183 |
| Wilmington Trust, N.A. | Custodial (securities); Trustee (bank, trust company, or similar financial institution) | $16,475 | $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$423,273
- Other administrative expenses$307,180
- Actuarial fees$120,000
- Legal fees$67,967
- IQPA audit fees$56,833
- Trustee and custodial fees$26,736
- Total administrative expenses$1,001,989
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$68.2M · 38.9%
- Corporate stocks$33.9M · 19.3%
- Partnership/joint venture interests$27.3M · 15.5%
- U.S. Government securities$16.4M · 9.3%
- Real estate$7.7M · 4.4%
- Pooled separate accounts$6.6M · 3.8%
- Corporate debt instruments$5.9M · 3.4%
- Cash (interest and non-interest bearing)$4.1M · 2.3%
- Registered investment companies (mutual funds)$2.9M · 1.7%
- Receivables$2.3M · 1.3%
- Other investments$193K · 0.1%
- Buildings and other property used in plan operation$1,222 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmArcara Lenda Eusanio & Stacey CPAS
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,000,000
- 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 238100: Foundation, Structure, & Building Exterior Contractors (including framing carpentry, masonry, glass, roofing, & siding).
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Metal Lathers Local 46 Pension Fund | Board of Trustees of Metal Lathers Local 46 Pension Fund | 2,504 | $545M | $217,650 |
| Westchester Heavy Construction Laborers Local 60 Pension Fund | Board of Trustees Local 60 Pension Fund | 2,311 | $341M | $147,689 |
| Pension and Annuity Plan of the Bricklayers Pension Fund | BD of TR of the Pension and Annuity Plan of Bricklayers Pension Fund | 2,779 | $264M | $94,894 |
| Electrician's Retirement Fund | The Building Industry Electrical Contractors Association, Inc. | 2,208 | $236M | $106,927 |
| Pointers, Cleaners, & Caulkers Pension Fund | Board of Trustees of Pointers, | 2,919 | $403M | $138,161 |
| General Building Laborers' Local 66 Pension Fund | Board of Trustees General Building Local 66 Pension Fund | 2,073 | $218M | $104,937 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Iron Workers District Council of Western New York and Vicinity Pension Plan?
2,357 participants at the end of the plan year ending 30 Jun 2025, of whom 820 were active employees, with net assets of $172,406,964. 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 Iwdc of Wny and Vicinity Pension Plan contribute per participant?
The filing reports $10,704,740 in employer contributions for the year, which is $13,055 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 $1,215,878 in compensation to service provider organisations, $516 per participant or 0.70% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,001,989. 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 Iwdc of Wny and Vicinity Pension Plan. Investment advisory or management: Manning & Napier Advisors, LLC, Prudential Insurance Co. of America and Segal Marco. Trustee or custodian: Wilmington Trust, N.A.. The financial statements were audited by Arcara Lenda Eusanio & Stacey CPAS. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 10 Mar 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 51-6077088, plan 001, received 10 Mar 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.