Florida › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Insulators and Allied Workers National Pension Fun
Sponsored by Board of Trustees of the Insulators and Allied Workers National Pensio, Pembroke Pines, FL
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 30 Jun 2025, Insulators and Allied Workers National Pension Fun covered 7,203 participants and held $596M in net assets. The plan is a defined benefit pension plan sponsored by Board of Trustees of the Insulators and Allied Workers National Pensio of Pembroke Pines, Florida. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $82,712 per participant, below the $87,623 median for defined benefit plans with 5,000 to 24,999 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 $40.6M for the year ($14,735 per active participant) and benefits paid were $61.2M. 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 11 service provider organisations paid $5,000 or more, with reported compensation of $2.1M: $290 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $4.5M. 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 $410M in 2009 to $596M in 2024 (up 45%), and participants from 6,305 to 7,203 (up 14%).
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 | $82,712 | $87,623 | $100,593 | $86,221 |
| Employer contributions per active participant | $14,735 | $9,468 | $13,292 | $10,244 |
| Schedule C compensation per participant | $290 | $232 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.35% | 0.30% | 0.46% | 0.42% |
| Administrative expenses per participant | $625 | $396 | $596 | $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), 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 | 7,203 | $596M | $82,712 | $40.6M | — | $2.1M |
| 2023 | 6,715 | $564M | $83,938 | $43.5M | — | $2.3M |
| 2022 | 6,722 | $537M | $79,859 | $39.8M | — | $2.3M |
| 2021 | 7,336 | $525M | $71,511 | $48.2M | — | $2.0M |
| 2020 | 6,538 | $560M | $85,590 | $35.9M | — | $2.1M |
| 2019 | 5,849 | $462M | $79,036 | $33.7M | — | $2.6M |
| 2018 | 6,373 | $495M | $77,726 | $33.9M | — | $2.5M |
| 2017 | 6,439 | $500M | $77,614 | $32.9M | — | $2.4M |
| 2016 | 6,455 | $495M | $76,743 | $31.0M | — | $2.6M |
| 2015 | 6,382 | $468M | $73,330 | $29.6M | — | $2.0M |
| 2014 | 6,336 | $493M | $77,870 | $28.8M | — | $2.2M |
| 2013 | 5,679 | $497M | $87,565 | $26.1M | — | $2.4M |
| 2012 | 6,217 | $454M | $72,953 | $23.8M | — | $2.9M |
| 2011 | 6,289 | $426M | $67,681 | $24.1M | $510K | $2.2M |
| 2010 | 5,987 | $455M | $75,985 | $19.8M | — | $2.6M |
| 2009 | 6,305 | $410M | $65,063 | $18.6M | — | $2.6M |
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$563,643,969
- Employer contributions$40,596,169
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$40,596,169
- Total income, including investment results$97,864,531
- Benefits paid$61,231,273
- Administrative expenses$4,501,179
- Total expenses$65,732,452
- Net income$32,132,079
- Net transfers$0
- Net assets, end of year$595,776,048
Participants
- Active participants2,755
- Retired or separated, receiving benefits2,933
- Retired or separated, entitled to future benefits977
- Total participants, end of year7,203
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| National Employee Benefits Administ | Contract Administrator | $519,371 | $0 |
| Intercontinental Real Estate Corpor | Investment management | $370,126 | $0 |
| Boston Partners | Investment management; Custodial (securities) | $267,978 | $0 |
| The Segal Company | Actuarial | $240,926 | $0 |
| Investment Performance Services | Investment advisory (plan) | $175,000 | $0 |
| National Investment Services | Custodial (securities); Investment management | $128,040 | $0 |
| Janus Henderson | Investment management | $120,917 | $0 |
| PNC | Custodial (securities) | $80,690 | $0 |
| Great Lakes | Custodial (securities); Investment management | $76,913 | $0 |
| Calibre CPA Group, PLLC | Accounting (including auditing) | $75,689 | $0 |
| State Street Global Advisors | Custodial (securities) | $31,775 | $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
- Investment advisory and management fees$2,981,588
- Other administrative expenses$556,623
- Contract administrator fees$519,371
- Actuarial fees$240,926
- Legal fees$126,982
- IQPA audit fees$43,900
- Recordkeeping fees$31,789
- Total administrative expenses$4,501,179
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.
- Partnership/joint venture interests$182M · 30.5%
- Common/collective trusts$153M · 25.6%
- Corporate stocks$102M · 17.1%
- Corporate debt instruments$58.4M · 9.8%
- 103-12 investment entities$48.8M · 8.2%
- Cash (interest and non-interest bearing)$26.3M · 4.4%
- U.S. Government securities$15.1M · 2.5%
- Pooled separate accounts$6.1M · 1.0%
- Receivables$5.4M · 0.9%
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, $1,000,000
- 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 238900: Other Specialty Trade Contractors (including site preparation).
Similar plans in Florida
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Atlanta Plumbers & Steamfitters Pension Fund | Atlanta Plumbers & Steamfitters Pension Fund | 5,052 | $452M | $89,422 |
| United Asso Journeymen & Apprnc Pension Fund | United Assn of Journeymen & Apprentice Local 198 AFL-CIO Pension Fund | 3,934 | $199M | $50,515 |
| McAsf Local 725 Pension Plan | Board of Trustees McAsf Local 725 Pension Trust Fund | 2,129 | $235M | $110,475 |
| Plumbers & Pipefitters Lu 421 Pension Fund Trust | Trustees of Plumbers & Pipefitters Lu 421 Pension Fund Trust | 1,979 | $124M | $62,561 |
| Pension Plan of the Plumbers & Pipefitters Local Union No. 630 Pension - Annuity Trust Fund | Trustees of the Pension Plan of the Plumbers & Pipefitters Local Union | 1,849 | $158M | $85,493 |
| I.B.E.W. Local 1579 Pension Plan | I.B.E.W Local 1579 Pension Plan Board of Trustees | 1,591 | $237M | $148,699 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Insulators and Allied Workers National Pension Fun?
7,203 participants at the end of the plan year ending 30 Jun 2025, of whom 2,755 were active employees, with net assets of $595,776,048. 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 Board of Trustees of the Insulators and Allied Workers National Pensio contribute per participant?
The filing reports $40,596,169 in employer contributions for the year, which is $14,735 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 $2,087,425 in compensation to service provider organisations, $290 per participant or 0.35% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $4,501,179. 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 of the Insulators and Allied Workers National Pensio. Recordkeeping or administration: National Employee Benefits Administ. Investment advisory or management: Intercontinental Real Estate Corpor, Boston Partners and Investment Performance Services. Trustee or custodian: Boston Partners, National Investment Services and 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 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 52-6038497, 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.