District of Columbia › Construction › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Liuna National (Industrial) Pension Fund
Sponsored by Board of Trustees of the Liuna National (Industrial) Pension Fund, Washington, DC
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.
Liuna National (Industrial) Pension Fund is a defined benefit pension plan sponsored by Board of Trustees of the Liuna National (Industrial) Pension Fund of Washington, District of Columbia. For the plan year ending 31 Dec 2025 it reported 63,303 participants, 18,061 of them active, and net assets of $1.65B. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $24,150 per participant in plan year 2024, well below the $88,040 median for defined benefit plans with 25,000 or more participants and well 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 $80.9M for the year ($4,478 per active participant) and benefits paid were $126M. 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 $9.1M: $144 per participant, above the same-size median of $143. Administrative expenses charged to the plan were $12.8M. 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 $773M in 2009 to $1.65B in 2025 (up 113%), and participants from 62,867 to 63,303 (up 1%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $24,150 | $88,040 | $100,593 | $86,221 |
| Employer contributions per active participant | $4,800 | $6,524 | $13,292 | $10,244 |
| Schedule C compensation per participant | $153 | $143 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.63% | 0.26% | 0.46% | 0.42% |
| Administrative expenses per participant | $212 | $306 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 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 |
|---|---|---|---|---|---|---|
| 2025 | 63,303 | $1.65B | $26,051 | $80.9M | $14K | $9.1M |
| 2024 | 62,697 | $1.51B | $24,150 | $86.1M | $21K | $9.6M |
| 2023 | 62,570 | $1.44B | $23,023 | $85.1M | $24K | $4.1M |
| 2022 | 62,493 | $1.35B | $21,547 | $82.9M | $28K | $4.5M |
| 2021 | 62,837 | $1.54B | $24,461 | $88.6M | $31K | $5.0M |
| 2020 | 62,965 | $1.40B | $22,272 | $92.6M | $36K | $4.6M |
| 2019 | 62,427 | $1.31B | $20,938 | $88.9M | $42K | $4.7M |
| 2018 | 62,054 | $1.14B | $18,296 | $78.1M | $49K | $4.8M |
| 2017 | 61,893 | $1.22B | $19,680 | $82.2M | $55K | $5.0M |
| 2016 | 61,235 | $1.06B | $17,310 | $70.1M | $62K | $4.7M |
| 2015 | 60,759 | $1.00B | $16,536 | $67.3M | $79K | $4.6M |
| 2014 | 61,165 | $1.03B | $16,908 | $59.3M | $90K | $4.2M |
| 2013 | 60,699 | $1.02B | $16,824 | $51.0M | $117K | $3.5M |
| 2012 | 60,932 | $892M | $14,643 | $59.5M | $130K | $3.2M |
| 2011 | 60,515 | $818M | $13,521 | $56.4M | $102K | $3.0M |
| 2010 | 63,140 | $843M | $13,344 | $54.9M | $123K | $3.1M |
| 2009 | 62,867 | $773M | $12,299 | $47.7M | $200K | $3.6M |
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$1,514,158,855
- Employer contributions$80,877,390
- Participant contributions$14,335
- Rollovers and other contributions—
- Total contributions$80,891,725
- Total income, including investment results$273,797,589
- Benefits paid$125,999,088
- Administrative expenses$12,847,815
- Total expenses$138,846,903
- Net income$134,950,686
- Net transfers$0
- Net assets, end of year$1,649,109,541
Participants
- Active participants18,061
- Retired or separated, receiving benefits18,967
- Retired or separated, entitled to future benefits23,732
- Total participants, end of year63,303
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Liuna Staff and Affiliates Pension | Contract Administrator | $4,255,927 | $0 |
| Loomis Sayles & Company | Investment management | $636,323 | $0 |
| Janus Capital Management Inc. | Investment management | $557,593 | $0 |
| HGK Asset Management | Investment management | $408,196 | $0 |
| The Law Offices of James S. Ray | Legal | $393,313 | $0 |
| The Bank of New York Mellon | Custodial (securities) | $344,881 | $0 |
| Globeflex International | Investment management | $316,672 | $0 |
| Southern Sun Asset Management | Investment management | $315,184 | $0 |
| The Segal Company | Actuarial; Consulting (general); Consulting (pension) | $269,687 | $0 |
| LSV Asset Management | Investment management | $242,654 | $0 |
| Alliance Bernstein | Investment management | $238,308 | $0 |
| JP Morgan Investment MGMT Inc. | Investment management | $207,388 | $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
- Contract administrator fees$4,255,927
- Other administrative expenses$3,803,053
- Investment advisory and management fees$3,771,612
- Legal fees$393,313
- Actuarial fees$269,687
- Trustee and custodial fees$143,137
- Recordkeeping fees$139,445
- IQPA audit fees$45,906
- Other trustee fees and expenses$25,735
- Total administrative expenses$12,847,815
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$683M · 41.2%
- Common/collective trusts$458M · 27.6%
- Corporate stocks$324M · 19.6%
- Corporate debt instruments$52.8M · 3.2%
- Registered investment companies (mutual funds)$50.8M · 3.1%
- U.S. Government securities$48.2M · 2.9%
- Receivables$21.6M · 1.3%
- Cash (interest and non-interest bearing)$18.1M · 1.1%
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 238900: Other Specialty Trade Contractors (including site preparation).
Similar plans in District of Columbia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Bricklayers & Trowel Trades International Pension Fund | Bricklayers & Trowel Trades Intl Pension FD BD of Trustee | 77,108 | $2.07B | $26,836 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Liuna National (Industrial) Pension Fund?
63,303 participants at the end of the plan year ending 31 Dec 2025, of whom 18,061 were active employees, with net assets of $1,649,109,541. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does Board of Trustees of the Liuna National (Industrial) Pension Fund contribute per participant?
The filing reports $80,877,390 in employer contributions for the year, which is $4,478 per active participant; the median for plans of the same type and size was $6,524 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 $9,102,764 in compensation to service provider organisations, $144 per participant or 0.55% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $12,847,815. 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 Liuna National (Industrial) Pension Fund. Recordkeeping or administration: Liuna Staff and Affiliates Pension. Investment advisory or management: Loomis Sayles & Company, Janus Capital Management Inc. and HGK Asset Management. Trustee or custodian: The Bank of New York Mellon. 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 2025 to 31 Dec 2025, received by the Department of Labor on 28 Jul 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 52-6074345, plan 001, received 28 Jul 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.