Maryland › Finance and insurance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
United Assn Full-Time Sal Off & Emp of Locl Unions Councils, ST & Prov Pen Plan
Sponsored by U a Local Union Officers & Employees Pension Fund, Annapolis, MD
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.
United Assn Full-Time Sal Off & Emp of Locl Unions Councils, ST & Prov Pen Plan is a defined benefit pension plan sponsored by U a Local Union Officers & Employees Pension Fund of Annapolis, Maryland. For the plan year ending 31 Dec 2024 it reported 5,864 participants, 1,925 of them active, and net assets of $1.26B. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $215,463 per participant, well above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $119,983 median for defined benefit plans in finance and insurance. 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 $66.0M for the year ($34,289 per active participant) and benefits paid were $88.2M. 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 15 service provider organisations paid $5,000 or more, with reported compensation of $4.0M: $678 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $5.7M. 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 $548M in 2009 to $1.26B in 2024 (up 131%), and participants from 4,773 to 5,864 (up 23%).
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 | $215,463 | $87,623 | $119,983 | $86,221 |
| Employer contributions per active participant | $34,289 | $9,468 | $7,849 | $10,244 |
| Schedule C compensation per participant | $678 | $232 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.31% | 0.30% | 0.32% | 0.42% |
| Administrative expenses per participant | $972 | $396 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 | 5,864 | $1.26B | $215,463 | $66.0M | — | $4.0M |
| 2023 | 5,848 | $1.19B | $202,847 | $63.1M | — | $4.0M |
| 2022 | 5,667 | $1.10B | $193,820 | $55.1M | — | $3.7M |
| 2021 | 5,597 | $1.30B | $232,684 | $65.1M | — | $4.0M |
| 2020 | 5,568 | $1.13B | $202,696 | $59.2M | — | $3.4M |
| 2019 | 5,412 | $1.01B | $187,469 | $58.7M | — | $4.2M |
| 2018 | 5,528 | $841M | $152,222 | $54.8M | — | $4.4M |
| 2017 | 5,395 | $915M | $169,554 | $51.4M | — | $4.3M |
| 2016 | 5,180 | $798M | $154,024 | $49.6M | — | $3.7M |
| 2015 | 5,087 | $753M | $148,005 | $48.4M | — | $4.3M |
| 2014 | 5,158 | $770M | $149,196 | $48.5M | — | $4.1M |
| 2013 | 5,062 | $732M | $144,581 | $47.7M | — | $3.7M |
| 2012 | 4,990 | $615M | $123,177 | $47.3M | — | $2.6M |
| 2011 | 4,894 | $578M | $118,176 | $45.5M | — | $2.5M |
| 2010 | 4,894 | $585M | $119,464 | $32.6M | — | $3.0M |
| 2009 | 4,773 | $548M | $114,712 | $29.9M | — | $2.9M |
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$1,186,249,893
- Employer contributions$66,006,809
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$66,006,809
- Total income, including investment results$171,160,761
- Benefits paid$88,236,657
- Administrative expenses$5,699,774
- Total expenses$93,936,431
- Net income$77,224,330
- Net transfers$0
- Net assets, end of year$1,263,474,223
Participants
- Active participants1,925
- Retired or separated, receiving benefits2,653
- Retired or separated, entitled to future benefits711
- Total participants, end of year5,864
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Fisher Investments | Investment management | $761,714 | $0 |
| Wellington Asset MGMT | Investment management | $639,293 | $0 |
| Times Square | Investment management | $392,619 | $0 |
| Hudson Edge Investment Partners Inc. | 'Soft dollars' commissions | $340,826 | $0 |
| Segal Consulting | Actuarial; Investment advisory (plan) | $301,434 | $0 |
| United Association of Journeymen & | Recordkeeping and information management | $210,484 | $0 |
| Chartwell Investment Partners, LLC | Investment management | $209,192 | $0 |
| Invesco Trust Company | Investment management fees paid directly by plan; 'Soft dollars' commissions | $189,006 | $0 |
| Loomis Sayles Trust Company | Investment management | $172,967 | $0 |
| PNC | Custodial (securities) | $156,348 | $0 |
| Ullico Investment Advisors Inc. | Investment management | $139,960 | $0 |
| Calibre CPA Group PLLC | Accounting (including auditing) | $124,417 | $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$3,323,914
- Other administrative expenses$1,267,122
- Legal fees$267,569
- Actuarial fees$245,070
- Salaries and allowances$244,883
- Trustee and custodial fees$147,050
- Contract administrator fees$79,749
- Recordkeeping fees$76,886
- IQPA audit fees$47,531
- Total administrative expenses$5,699,774
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$429M · 33.9%
- Corporate stocks$268M · 21.2%
- Partnership/joint venture interests$247M · 19.5%
- Corporate debt instruments$101M · 8.0%
- Registered investment companies (mutual funds)$87.9M · 7.0%
- U.S. Government securities$59.3M · 4.7%
- Other investments$24.3M · 1.9%
- Cash (interest and non-interest bearing)$24.3M · 1.9%
- Pooled separate accounts$16.2M · 1.3%
- Receivables$7.5M · 0.6%
- Buildings and other property used in plan operation$184K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,500,000
- 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
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in Maryland
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| UFCW Unions and Participating Employers Pension Plan | Board of Trustees the UFCW Unions and Participating Employers Pension | 11,636 | $94.1M | $8,090 |
| Carefirst, Inc. Retirement Plan | Carefirst, Inc. | 4,512 | $545M | $120,834 |
| Ufcw-Giant Variable Annuity Fund | Board of Trustees Ufcw-Giant Variable Annuity Fund | 12,031 | $52.2M | $4,339 |
| Laborers District Council Pension and Disability Trust Fund No. 2 | Laborers District Council Pension and Disability Trust Fund No. 2 | 4,494 | $146M | $32,521 |
| UFCW Giant-Safeway Excess Supplemental Benefit Pension Fund | Board of Trustees UFCW Giant-Safeway Excess Supplemental Benefit Pensi | 13,011 | $46K | $4 |
| Operating Engineers Pension Trust Fund of Washington D.C. and Vicinity | Board of Trustees, Operating Engineers Pension Trust Fund of Washingto | 2,896 | $203M | $70,086 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is United Assn Full-Time Sal Off & Emp of Locl Unions Councils, ST & Prov Pen Plan?
5,864 participants at the end of the plan year ending 31 Dec 2024, of whom 1,925 were active employees, with net assets of $1,263,474,223. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does U a Local Union Officers & Employees Pension Fund contribute per participant?
The filing reports $66,006,809 in employer contributions for the year, which is $34,289 per active participant; the median for plans of the same type and size was $9,468 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 $3,973,115 in compensation to service provider organisations, $678 per participant or 0.31% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $5,699,774. 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 U a Local Union Officers & Employees Pension Fund. Recordkeeping or administration: United Association of Journeymen &. Investment advisory or management: Fisher Investments, Wellington Asset MGMT and Times Square. Trustee or custodian: PNC. The financial statements were audited by Calibre CPA Group 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 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 52-1178032, plan 333, 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.