New Jersey › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Ironworkers Local 11 Annuity Fund
Sponsored by Ironworkers Local 11 Annuity Fund Board of Trustees, Springfield, NJ
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.
Ironworkers Local 11 Annuity Fund is a money purchase plan sponsored by Ironworkers Local 11 Annuity Fund Board of Trustees of Springfield, New Jersey. For the plan year ending 30 Jun 2025 it reported 4,481 participants, 1,135 of them active, and net assets of $373M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $83,260 per participant, well above the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well above the $54,962 median for defined contribution 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.
The employer contributed $19.3M during the year, or $17,040 per active participant against a same-size median of $2,045; participants contributed —. Benefits paid out totalled $33.1M.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $1.8M: $402 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $1.8M. 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 $290M in 2009 to $373M in 2024 (up 29%), and participants from 4,787 to 4,481 (down 6%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $83,260 | $50,295 | $54,962 | $53,102 |
| Employer contributions per active participant | $17,040 | $2,045 | $2,728 | $2,175 |
| Schedule C compensation per participant | $402 | $82.08 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.48% | 0.17% | 0.33% | 0.26% |
| Administrative expenses per participant | $413 | $82.20 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), construction (4,204) and all US plans (63,460). 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 | 4,481 | $373M | $83,260 | $19.3M | — | $1.8M |
| 2023 | 4,511 | $359M | $79,640 | $19.2M | — | $1.7M |
| 2022 | 4,548 | $364M | $79,978 | $19.2M | — | $1.9M |
| 2021 | 4,590 | $374M | $81,437 | $18.2M | — | $2.1M |
| 2020 | 4,657 | $421M | $90,490 | $19.4M | — | $2.0M |
| 2019 | 4,794 | $386M | $80,531 | $23.5M | — | $1.8M |
| 2018 | 4,835 | $370M | $76,578 | $23.1M | — | $1.7M |
| 2017 | 4,841 | $348M | $71,962 | $22.9M | — | $1.4M |
| 2016 | 4,828 | $331M | $68,499 | $21.6M | — | $1.5M |
| 2015 | 4,753 | $307M | $64,575 | $17.7M | — | $1.7M |
| 2014 | 4,701 | $312M | $66,299 | $16.5M | — | $1.6M |
| 2013 | 4,499 | $310M | $68,894 | $13.0M | — | $1.6M |
| 2012 | 4,350 | $279M | $64,063 | $9.0M | — | $1.7M |
| 2011 | 4,449 | $274M | $61,536 | $7.8M | — | $674K |
| 2010 | 4,549 | $286M | $62,977 | $8.1M | — | $684K |
| 2009 | 4,787 | $290M | $60,650 | $12.2M | — | $762K |
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$359,256,243
- Employer contributions$19,339,840
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$19,339,840
- Total income, including investment results$48,753,556
- Benefits paid$33,071,117
- Administrative expenses$1,848,682
- Total expenses$34,919,799
- Net income$13,833,757
- Net transfers$0
- Net assets, end of year$373,090,000
Participants
- Active participants1,135
- Retired or separated, receiving benefits44
- Retired or separated, entitled to future benefits3,302
- Participants with account balances4,481
- Total participants, end of year4,481
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Ironworkers Local 11 Welfare Fund | Other services | $524,769 | $0 |
| New Tower Trust Co. (Mept) | Investment management | $215,529 | $0 |
| Morgan Stanley | Investment management | $176,913 | $0 |
| Intercontinental Real Estate Corp. | Investment management | $135,029 | $0 |
| Lord Abbett | Investment management | $124,099 | $0 |
| WCM Focused International Growth | Investment management | $101,507 | $0 |
| JP Morgan | Investment management | $56,083 | $0 |
| Ziegler Capital | Investment management | $55,443 | $0 |
| Amalgamated Bank | Custodial (securities) | $51,157 | $0 |
| Todd Asset Management | Investment management | $51,018 | $0 |
| GW&K | Investment management | $50,747 | $0 |
| Manning & Napier Advisors | Investment management | $50,088 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 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
- Investment advisory and management fees$1,199,978
- Contract administrator fees$524,769
- IQPA audit fees$39,373
- Other administrative expenses$35,191
- Trustee and custodial fees$20,931
- Legal fees$17,690
- Actuarial fees$10,750
- Total administrative expenses$1,848,682
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.
- U.S. Government securities$82.3M · 20.8%
- Corporate debt instruments$79.6M · 20.1%
- Partnership/joint venture interests$71.2M · 18.0%
- Common/collective trusts$61.4M · 15.6%
- Corporate stocks$45.1M · 11.4%
- Pooled separate accounts$15.8M · 4.0%
- Registered investment companies (mutual funds)$14.5M · 3.7%
- Receivables$12.8M · 3.2%
- Cash (interest and non-interest bearing)$8.1M · 2.1%
- Participant loans$4.0M · 1.0%
- Buildings and other property used in plan operation$77K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmFischer Dorwart, P.C.
- 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
2CMoney purchase (other than target benefit) plan2EProfit-sharing plan
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 Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| New Jersey Building Laborers Statewide Annuity Fund | BD of Trustees NJ Building Laborers Statewide Annuity Fund | 7,536 | $245M | $32,549 |
| Elevator Constructors Union Local 1 Annuity and 401(k) Fund | BD of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) F | 4,276 | $1.71B | $398,795 |
| Operating Engineers Local 825 Profit Sharing Fund | Operating Engineers Local 825 Profit Sharing Fund | 12,327 | $1.51B | $122,245 |
| Skanska USA Building Inc. Pension Benefit Plan and Trust | Skanska USA Building Inc. | 4,050 | $734M | $181,134 |
| Heavy & General Laborers' Local Unions 472 & 172 of NJ Annuity Plan | BD of Trustees Heavy & General Laborers' of NJ Annuity Fund | 15,091 | $1.67B | $110,891 |
| IBEW Local Union No 102 Surety Plan | IBEW Local Union No 102 Surety Plan Board of Trustees | 3,912 | $684M | $174,957 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Ironworkers Local 11 Annuity Fund?
4,481 participants at the end of the plan year ending 30 Jun 2025, of whom 1,135 were active employees, with net assets of $373,090,000. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does Ironworkers Local 11 Annuity Fund Board of Trustees contribute per participant?
The filing reports $19,339,840 in employer contributions for the year, which is $17,040 per active participant; the median for plans of the same type and size was $2,045 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 $1,803,453 in compensation to service provider organisations, $402 per participant or 0.48% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $1,848,682. 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 Ironworkers Local 11 Annuity Fund Board of Trustees. Investment advisory or management: New Tower Trust Co. (Mept), Morgan Stanley and Intercontinental Real Estate Corp.. Trustee or custodian: Amalgamated Bank. The financial statements were audited by Fischer Dorwart, P.C.. 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 3 Apr 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 51-6135653, plan 001, received 3 Apr 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.