New York › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Pension and Annuity Plan of the Bricklayers Pension Fund
Sponsored by BD of TR of the Pension and Annuity Plan of Bricklayers Pension Fund, Rego Park, 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.
In the plan year ending 31 Dec 2024, Pension and Annuity Plan of the Bricklayers Pension Fund covered 2,779 participants and held $264M in net assets. The plan is a defined benefit pension plan sponsored by BD of TR of the Pension and Annuity Plan of Bricklayers Pension Fund of Rego Park, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $94,894 per participant, above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and 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 $10.3M for the year ($11,267 per active participant) and benefits paid were $17.9M. 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 11 service provider organisations paid $5,000 or more, with reported compensation of $562K: $202 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $1.1M. 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 $105M in 2009 to $264M in 2024 (up 151%), and participants from 3,662 to 2,779 (down 24%).
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 | $94,894 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $11,267 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $202 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.21% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $401 | $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 | 2,779 | $264M | $94,894 | $10.3M | — | $562K |
| 2023 | 2,721 | $238M | $87,520 | $11.9M | — | $587K |
| 2022 | 2,769 | $216M | $78,026 | $10.3M | — | $744K |
| 2021 | 2,773 | $256M | $92,294 | $9.9M | — | $748K |
| 2020 | 2,838 | $222M | $78,190 | $8.8M | — | $792K |
| 2019 | 2,856 | $205M | $71,827 | $10.5M | — | $821K |
| 2018 | 2,915 | $175M | $60,178 | $10.5M | — | $665K |
| 2017 | 3,279 | $183M | $55,849 | $10.3M | — | $699K |
| 2016 | 3,266 | $165M | $50,568 | $11.2M | — | $798K |
| 2015 | 3,255 | $154M | $47,249 | $9.5M | — | $663K |
| 2014 | 3,295 | $152M | $46,186 | $9.0M | — | $630K |
| 2013 | 3,413 | $141M | $41,435 | $8.4M | — | $609K |
| 2012 | 3,418 | $125M | $36,534 | $9.2M | — | $655K |
| 2011 | 3,496 | $115M | $32,795 | $9.0M | — | $686K |
| 2010 | 3,690 | $117M | $31,611 | $9.0M | — | $611K |
| 2009 | 3,662 | $105M | $28,691 | $11.4M | — | $584K |
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$238,142,960
- Employer contributions$10,331,443
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$10,331,443
- Total income, including investment results$44,542,552
- Benefits paid$17,861,111
- Administrative expenses$1,114,134
- Total expenses$18,975,245
- Net income$25,567,307
- Net transfers$0
- Net assets, end of year$263,710,267
Participants
- Active participants917
- Retired or separated, receiving benefits1,107
- Retired or separated, entitled to future benefits447
- Total participants, end of year2,779
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Schultheis & Panettieri LLP | Accounting (including auditing) | $110,645 | $0 |
| The Segal Company (Eastern States) | Actuarial | $73,000 | $0 |
| Quanvest Consultants | Investment advisory (plan) | $72,552 | $0 |
| Doar Rieck Devita Kaley & Mack | Legal | $54,249 | $0 |
| Invesco Trust Company | Investment management | $53,644 | $0 |
| Fuiman Mogila LLP | Legal | $50,814 | $0 |
| Voya Investment Management | Investment management | $35,641 | $1,955 |
| JPMorgan Chase Bank N.A. | Trustee (discretionary); Investment advisory (plan); Investment management | $35,827 | $0 |
| Cunningham & Cunningham LLP | Legal | $29,708 | $0 |
| Data Surge Solutions of NY Inc. | Recordkeeping and information management | $27,509 | $0 |
| Bridgeway Benefit Technologies | Recordkeeping and information management | $16,167 | $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
- Salaries and allowances$330,443
- Other administrative expenses$270,189
- Investment advisory and management fees$197,664
- Legal fees$132,193
- Actuarial fees$73,000
- IQPA audit fees$59,325
- Recordkeeping fees$51,320
- Total administrative expenses$1,114,134
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$192M · 72.1%
- Registered investment companies (mutual funds)$29.3M · 11.0%
- Partnership/joint venture interests$19.3M · 7.2%
- Corporate stocks$9.4M · 3.5%
- Cash (interest and non-interest bearing)$5.1M · 1.9%
- Corporate debt instruments$4.8M · 1.8%
- Other loans$4.3M · 1.6%
- Receivables$2.2M · 0.8%
- Buildings and other property used in plan operation$94K · 0.0%
- U.S. Government securities$52K · 0.0%
- Other investments$14K · 0.0%
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, $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
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 |
|---|---|---|---|---|
| Pointers, Cleaners, & Caulkers Pension Fund | Board of Trustees of Pointers, | 2,919 | $403M | $138,161 |
| Metal Lathers Local 46 Pension Fund | Board of Trustees of Metal Lathers Local 46 Pension Fund | 2,504 | $545M | $217,650 |
| Cement and Concrete Workers DC Pension Fund | Board of Trustees of the Cement and Concrete Workers DC Pension FD | 2,953 | $715M | $242,257 |
| Iron Workers District Council of Western New York and Vicinity Pension Plan | Board of Trustees of Iwdc of Wny and Vicinity Pension Plan | 2,357 | $172M | $73,147 |
| Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund | Board of Trustees Local 1298 Pension Fund | 3,227 | $473M | $146,609 |
| Westchester Heavy Construction Laborers Local 60 Pension Fund | Board of Trustees Local 60 Pension Fund | 2,311 | $341M | $147,689 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Pension and Annuity Plan of the Bricklayers Pension Fund?
2,779 participants at the end of the plan year ending 31 Dec 2024, of whom 917 were active employees, with net assets of $263,710,267. 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 BD of TR of the Pension and Annuity Plan of Bricklayers Pension Fund contribute per participant?
The filing reports $10,331,443 in employer contributions for the year, which is $11,267 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 $561,711 in compensation to service provider organisations, $202 per participant or 0.21% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,114,134. 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 BD of TR of the Pension and Annuity Plan of Bricklayers Pension Fund. Recordkeeping or administration: Data Surge Solutions of NY Inc. and Bridgeway Benefit Technologies. Investment advisory or management: Quanvest Consultants, Invesco Trust Company and Voya Investment Management. Trustee or custodian: JPMorgan Chase Bank N.A.. 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 7 Oct 2025. 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 51-6135291, plan 001, received 7 Oct 2025; 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.