Maryland › Transportation and warehousing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Warehouse Employees Local No. 570 Pension Fund
Sponsored by Warehouse Employees Local No. 570, Baltimore, 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.
Warehouse Employees Local No. 570 of Baltimore, Maryland sponsors Warehouse Employees Local No. 570 Pension Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 2,942 participants (836 active) and $255M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $86,718 per participant, close to the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and below the $94,853 median for defined benefit plans in transportation and warehousing. 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 $4.5M for the year ($5,434 per active participant) and benefits paid were $13.5M. 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 12 service provider organisations paid $5,000 or more, with reported compensation of $830K: $282 per participant, 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 $57.8M in 2009 to $255M in 2024 (up 342%), and participants from 1,933 to 2,942 (up 52%).
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 | $86,718 | $87,935 | $94,853 | $86,221 |
| Employer contributions per active participant | $5,434 | $10,593 | $12,821 | $10,244 |
| Schedule C compensation per participant | $282 | $325 | $425 | $344 |
| Schedule C compensation, share of net assets | 0.33% | 0.41% | 0.43% | 0.42% |
| Administrative expenses per participant | $383 | $513 | $650 | $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), transportation and warehousing (227) 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 | 2,942 | $255M | $86,718 | $4.5M | — | $830K |
| 2023 | 3,074 | $234M | $75,999 | $4.1M | — | $750K |
| 2022 | 2,958 | $209M | $70,778 | $4.1M | — | $687K |
| 2021 | 2,979 | $244M | $81,801 | $3.9M | — | $697K |
| 2020 | 2,022 | $130M | $64,489 | $3.5M | — | $332K |
| 2019 | 2,029 | $124M | $60,911 | $3.5M | — | $474K |
| 2018 | 2,018 | $107M | $53,192 | $3.0M | — | $428K |
| 2017 | 2,039 | $115M | $56,538 | $3.1M | — | $472K |
| 2016 | 1,961 | $104M | $53,073 | $21.0M | — | $519K |
| 2015 | 1,898 | $83.8M | $44,141 | $3.2M | — | $502K |
| 2014 | 1,942 | $84.6M | $43,585 | $4.0M | — | $518K |
| 2013 | 1,939 | $77.5M | $39,966 | $4.2M | — | $554K |
| 2012 | 1,913 | $68.4M | $35,758 | $4.1M | — | $550K |
| 2011 | 1,903 | $62.3M | $32,715 | $4.0M | — | $477K |
| 2010 | 1,911 | $63.0M | $32,985 | $4.0M | — | $402K |
| 2009 | 1,933 | $57.8M | $29,891 | $3.9M | — | $355K |
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$233,620,230
- Employer contributions$4,543,229
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$4,543,229
- Total income, including investment results$36,094,344
- Benefits paid$13,464,806
- Administrative expenses$1,125,446
- Total expenses$14,590,252
- Net income$21,504,092
- Net transfers$0
- Net assets, end of year$255,124,322
Participants
- Active participants836
- Retired or separated, receiving benefits1,114
- Retired or separated, entitled to future benefits669
- Total participants, end of year2,942
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Ullico Investment Advisors Inc. | Investment management fees paid directly by plan | $272,611 | $0 |
| RBC Global Asset Management | Investment management fees paid directly by plan | $125,071 | $0 |
| Brown Advisory | Investment management fees paid directly by plan | $108,910 | $0 |
| Intercontinental Real Estate Corp. | Investment management fees paid directly by plan | $82,016 | $0 |
| Wilmington Trust | Custodial (securities) | $64,277 | $0 |
| Reynolds Consulting Services, LLC | Investment advisory (plan) | $37,625 | $0 |
| Calibre CPA Group, PLLC | Accounting (including auditing) | $35,870 | $0 |
| Chartwell Investment Partners | Investment management fees paid directly by plan | $33,186 | $0 |
| Bolton Partners, Inc. | Actuarial | $25,218 | $0 |
| Bridgeway Benefit Technologies | Recordkeeping and information management | $24,377 | $0 |
| Hill Management Services | Other services | $14,233 | $0 |
| Pavsner Press Inc. | Copying and duplicating | $6,851 | $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$664,344
- Other administrative expenses$231,246
- Salaries and allowances$89,646
- Trustee and custodial fees$64,277
- IQPA audit fees$28,370
- Actuarial fees$25,218
- Legal fees$14,845
- Recordkeeping fees$7,500
- Total administrative expenses$1,125,446
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$126M · 49.3%
- Partnership/joint venture interests$45.4M · 17.8%
- 103-12 investment entities$29.6M · 11.6%
- Corporate stocks$21.3M · 8.4%
- U.S. Government securities$15.3M · 6.0%
- Corporate debt instruments$11.3M · 4.4%
- Insurance company general account$3.0M · 1.2%
- Cash (interest and non-interest bearing)$2.8M · 1.1%
- Receivables$620K · 0.2%
- Buildings and other property used in plan operation$33K · 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, $1,000,000
- Blackout period during the year—
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 493100: Warehousing & Storage (except lessors of miniwarehouses & self-storage units).
Similar plans in Maryland
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Steamship Trade Association of Baltimore, Incorporated - International Longshoremen's Association Pension Plan | Board of Trustees of the Steamship Trade Association of Baltimore, | 3,178 | $1.14B | $357,300 |
| Freight Drivers and Helpers Local Union No. 557 Pension Plan | Board of Trustees, Freight Drivers and Helpers Local Union No. 557 | 1,980 | $212M | $107,238 |
| Masters, Mates & Pilots Pension Plan | Board of Trustees of Masters, Mates & Pilots Pension Plan | 4,220 | $328M | $77,755 |
| Warehouse Employees Union Local No. 730 Pension Trust Fund | Board of Trustees of Warehouse Employees Local No. 730 Pension Trust F | 1,940 | $150M | $77,547 |
| Truck Drivers & Helpers Local Union No. 355 Retirement Plan | Joint Board of Trustees of the Drivers and Helpers Local No. 355 | 4,318 | $732M | $169,437 |
| Hagerstown Motor Carriers and Teamsters Pension Plan | Board of Trustees Hagerstown Motor Carriers and | 1,522 | $223M | $146,666 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Warehouse Employees Local No. 570 Pension Fund?
2,942 participants at the end of the plan year ending 31 Dec 2024, of whom 836 were active employees, with net assets of $255,124,322. 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 Warehouse Employees Local No. 570 contribute per participant?
The filing reports $4,543,229 in employer contributions for the year, which is $5,434 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 $830,245 in compensation to service provider organisations, $282 per participant or 0.33% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,125,446. 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 Warehouse Employees Local No. 570. Recordkeeping or administration: Bridgeway Benefit Technologies. Investment advisory or management: Reynolds Consulting Services, LLC. Trustee or custodian: Wilmington Trust. 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 14 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 52-6048848, plan 001, received 14 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.