New York › Transportation and warehousing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Sep 2022 to 31 Aug 2023
Local 807 Labor Management Pension Fund
Sponsored by Board of Trustees Local 807 Labor- Management Pension Fund, Long Island City, 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.
Local 807 Labor Management Pension Fund is a defined benefit pension plan sponsored by Board of Trustees Local 807 Labor- Management Pension Fund of Long Island City, New York. For the plan year ending 31 Aug 2023 it reported 3,513 participants, 533 of them active, and net assets of $116M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $33,753 per participant in plan year 2024, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $94,853 median for defined benefit plans in transportation and warehousing. 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 $14.3M for the year ($26,907 per active participant) and benefits paid were $25.5M. 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 8 service provider organisations paid $5,000 or more, with reported compensation of $804K: $229 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $1.6M. 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 $180M in 2009 to $116M in 2025 (down 36%), and participants from 5,398 to 3,513 (down 35%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $33,753 | $87,935 | $94,853 | $86,221 |
| Employer contributions per active participant | $16,991 | $10,593 | $12,821 | $10,244 |
| Schedule C compensation per participant | $214 | $325 | $425 | $344 |
| Schedule C compensation, share of net assets | 0.63% | 0.41% | 0.43% | 0.42% |
| Administrative expenses per participant | $464 | $513 | $650 | $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), transportation and warehousing (227) 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 |
|---|---|---|---|---|---|---|
| 2025 | 3,513 | $116M | $32,903 | $14.3M | — | $804K |
| 2024 | 3,243 | $109M | $33,753 | $7.0M | — | $694K |
| 2023 | 3,413 | $120M | $35,300 | $18.7M | — | $685K |
| 2021 | 3,603 | $133M | $36,861 | $23.5M | — | $1.2M |
| 2020 | 3,751 | $147M | $39,274 | $13.9M | — | $1.1M |
| 2019 | 3,998 | $142M | $35,420 | $10.7M | — | $1.1M |
| 2018 | 4,174 | $151M | $36,073 | $11.0M | — | $1.2M |
| 2017 | 4,337 | $159M | $36,686 | $18.3M | — | $1.8M |
| 2016 | 4,541 | $159M | $34,978 | $9.3M | — | $1.0M |
| 2015 | 4,649 | $164M | $35,305 | $13.4M | — | $900K |
| 2014 | 4,774 | $169M | $35,468 | $19.4M | — | $1.2M |
| 2013 | 4,910 | $183M | $37,335 | $7.1M | — | $1.3M |
| 2012 | 5,002 | $178M | $35,660 | $14.9M | — | $1.3M |
| 2011 | 5,139 | $176M | $34,198 | $9.2M | — | $1.7M |
| 2010 | 5,206 | $181M | $34,831 | $6.5M | — | $1.6M |
| 2009 | 5,398 | $180M | $33,391 | $7.0M | — | $1.4M |
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$124,246,916
- Employer contributions$14,341,463
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$14,341,463
- Total income, including investment results$18,465,764
- Benefits paid$25,548,616
- Administrative expenses$1,575,147
- Total expenses$27,123,763
- Net income−$8,657,999
- Net transfers$0
- Net assets, end of year$115,588,917
Participants
- Active participants533
- Retired or separated, receiving benefits1,698
- Retired or separated, entitled to future benefits710
- Total participants, end of year3,513
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| New & Karfunkel | Legal | $294,764 | $0 |
| The Segal Company (Eastern States) | Actuarial; Insurance agents and brokers | $160,938 | $0 |
| Schultheis & Panettieri, LLP | Accounting (including auditing) | $110,981 | $0 |
| Friedman & Aspach | Legal | $108,834 | $0 |
| Morgan Stanley Smith Barney LLC | Custodial (securities); Investment advisory (plan) | $53,000 | $0 |
| Ducenta Squared Asset Management | Investment management | $41,496 | $0 |
| Weaver Barkside & Associates Inc. | Investment management | $22,469 | $0 |
| Segal Select Insurance Services | Insurance agents and brokers | $0 | $11,708 |
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
- Salaries and allowances$438,847
- Legal fees$403,598
- Other administrative expenses$316,467
- Actuarial fees$186,202
- Investment advisory and management fees$119,112
- IQPA audit fees$70,725
- Recordkeeping fees$39,852
- Other trustee fees and expenses$344
- Total administrative expenses$1,575,147
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$23.4M · 20.2%
- Receivables$22.9M · 19.7%
- U.S. Government securities$22.4M · 19.3%
- Registered investment companies (mutual funds)$18.9M · 16.3%
- Common/collective trusts$9.9M · 8.5%
- Corporate debt instruments$9.6M · 8.2%
- Cash (interest and non-interest bearing)$8.9M · 7.7%
- Buildings and other property used in plan operation$213K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmSchultheis & Panettieri, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,500,000
- 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 484110: General Freight Trucking, Local.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Road Carriers Local 707 Pension Fund | Board of Trustees of the Road Carriers Local 707 Pension Fund | 3,554 | $663M | $186,517 |
| Westchester Teamsters Local 456 Pension Fund | Board of Trustees Local 456 Pension Fund | 2,219 | $257M | $115,976 |
| Local 91 Pension Fund | Local 91 Pension Fund Board of Trustees | 4,797 | $206M | $43,011 |
| British Airways PLC Pension Plan (U.S.A.) | British Airways PLC | 2,093 | $314M | $149,851 |
| Local 295 I.B.T. Employer Group Pension Trust Fund | Trustees of Local 295 I.B.T. Employer Group Pension Trust Fund | 5,521 | $640M | $115,904 |
| Local 854 Pension Fund | Board of Trustees of Local 854 Pension Fund | 1,986 | $61.6M | $31,030 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Local 807 Labor Management Pension Fund?
3,513 participants at the end of the plan year ending 31 Aug 2023, of whom 533 were active employees, with net assets of $115,588,917. 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 Local 807 Labor- Management Pension Fund contribute per participant?
The filing reports $14,341,463 in employer contributions for the year, which is $26,907 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 $804,190 in compensation to service provider organisations, $229 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 $1,575,147. 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 Local 807 Labor- Management Pension Fund. Investment advisory or management: Morgan Stanley Smith Barney LLC, Ducenta Squared Asset Management and Weaver Barkside & Associates Inc.. Trustee or custodian: Morgan Stanley Smith Barney LLC. The financial statements were audited by Schultheis & Panettieri, LLP. 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 2022 to 31 Aug 2023, received by the Department of Labor on 30 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 51-6099111, plan 002, received 30 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.