New York › Finance and insurance › 250 to 499 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Local 76 Resort Hotel Industry Pension Plan
Sponsored by Board of Trustees Local 76 Resort Hotel Industry, Liberty, 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 76 Resort Hotel Industry Pension Plan is a defined benefit pension plan sponsored by Board of Trustees Local 76 Resort Hotel Industry of Liberty, New York. For the plan year ending 30 Apr 2025 it reported 264 participants, 0 of them active, and net assets of −$13.2M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $67K: $252 per participant, well below the same-size median of $413. Administrative expenses charged to the plan were $79K. 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 $813K in 2009 to −$13.2M in 2024 (down 1725%), and participants from 485 to 264 (down 46%).
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 | — | $87,254 | $119,983 | $86,221 |
| Employer contributions per active participant | — | $11,032 | $7,849 | $10,244 |
| Schedule C compensation per participant | $252 | $413 | $352 | $344 |
| Schedule C compensation, share of net assets | — | 0.51% | 0.32% | 0.42% |
| Administrative expenses per participant | $301 | $596 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 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 | 264 | −$13.2M | −$50,034 | — | — | $67K |
| 2023 | 269 | −$11.7M | −$43,673 | — | — | $59K |
| 2022 | 296 | −$10.4M | −$35,041 | — | — | $58K |
| 2021 | 295 | −$9.3M | −$31,376 | — | — | $54K |
| 2020 | 321 | −$6.7M | −$20,822 | — | — | $65K |
| 2018 | 339 | −$5.5M | −$16,133 | — | — | $60K |
| 2017 | 341 | −$4.8M | −$14,161 | — | — | $61K |
| 2016 | 361 | −$4.2M | −$11,560 | — | — | $60K |
| 2015 | 365 | −$3.5M | −$9,611 | — | — | $50K |
| 2014 | 377 | −$2.8M | −$7,528 | — | — | $55K |
| 2013 | 360 | −$2.1M | −$5,947 | — | — | $55K |
| 2012 | 378 | −$1.4M | −$3,765 | — | — | $49K |
| 2011 | 474 | −$706K | −$1,489 | — | — | $66K |
| 2010 | 474 | $27K | $57 | — | — | $54K |
| 2009 | 485 | $813K | $1,676 | — | — | $68K |
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−$11,747,985
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$7
- Benefits paid$421,092
- Administrative expenses$79,477
- Total expenses$1,461,076
- Net income−$1,461,069
- Net transfers$0
- Net assets, end of year−$13,209,054
Participants
- Active participants0
- Retired or separated, receiving benefits147
- Retired or separated, entitled to future benefits101
- Total participants, end of year264
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Gitlin & Associates, LLP | Contract Administrator | $45,453 | $0 |
| Milliman USA | Actuarial | $13,605 | $0 |
| Sacco CPA LLP | Accounting (including auditing) | $7,500 | $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
- Contract administrator fees$45,453
- Salaries and allowances$21,705
- Other administrative expenses$12,319
- Total administrative expenses$79,477
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)$167K · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmSacco CPA PLLC
- 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 525990: Other Financial Vehicles (including mortgage REITs & closed-end investment funds).
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Lyons National Bank Pension Plan As a Member of the New York State Bankers Retirement System | Lyons National Bank | 275 | $23.8M | $86,368 |
| Cash Balance Retirement Plan of Brown Brothers Harriman & Co. | Brown Brothers Harriman & Co. | 262 | $108M | $410,752 |
| Joele Frank, Wilkinson Brimmer Katcher Vip Plan | J. Frank Associates, LLC | 283 | $26.1M | $92,066 |
| Lazard Freres & Co. LLC Employees' Pension Plan | Lazard Freres & Co. LLC | 256 | $14.8M | $57,619 |
| Scor U.S. Group Pension Plan | Scor U.S. Corporation | 350 | $72.3M | $206,528 |
| Farm Family Employee Retirement Plan | American National Life Ins Co. of NY and Farm Family Casualty Ins Co. | 250 | $34.8M | $139,073 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Local 76 Resort Hotel Industry Pension Plan?
264 participants at the end of the plan year ending 30 Apr 2025, of whom 0 were active employees, with net assets of −$13,209,054. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Board of Trustees Local 76 Resort Hotel Industry 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 $66,558 in compensation to service provider organisations, $252 per participant. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $79,477. 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 76 Resort Hotel Industry. Recordkeeping or administration: Gitlin & Associates, LLP. The financial statements were audited by Sacco CPA PLLC. 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 51-6120687, 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.