Virginia › Construction › 25,000 or more participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
United Association National Pension Fund
Sponsored by B/o/t United Association National Pension Fund, Alexandria, VA
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, United Association National Pension Fund covered 196,837 participants and held $7.70B in net assets. The plan is a defined benefit pension plan sponsored by B/o/t United Association National Pension Fund of Alexandria, Virginia. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $39,122 per participant, 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 $514M for the year ($5,521 per active participant) and benefits paid were $718M. 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 $17.4M: $88.19 per participant, well below the same-size median of $143. Administrative expenses charged to the plan were $44.6M. 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 $4.02B in 2009 to $7.70B in 2024 (up 91%), and participants from 159,836 to 196,837 (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 | $39,122 | $88,040 | $100,593 | $86,221 |
| Employer contributions per active participant | $5,521 | $6,524 | $13,292 | $10,244 |
| Schedule C compensation per participant | $88.19 | $143 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.23% | 0.26% | 0.46% | 0.42% |
| Administrative expenses per participant | $227 | $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 |
|---|---|---|---|---|---|---|
| 2024 | 196,837 | $7.70B | $39,122 | $514M | — | $17.4M |
| 2023 | 190,666 | $7.09B | $37,191 | $468M | — | $21.5M |
| 2022 | 185,089 | $6.67B | $36,043 | $447M | — | $19.9M |
| 2021 | 178,037 | $6.50B | $36,511 | $411M | — | $28.6M |
| 2020 | 174,555 | $7.51B | $43,005 | $390M | — | $31.2M |
| 2019 | 171,919 | $6.09B | $35,396 | $408M | — | $28.2M |
| 2018 | 169,914 | $6.23B | $36,682 | $431M | — | $34.5M |
| 2017 | 165,693 | $6.14B | $37,051 | $410M | — | $32.5M |
| 2016 | 160,782 | $5.79B | $36,036 | $397M | — | $25.0M |
| 2015 | 158,408 | $5.34B | $33,709 | $381M | — | $25.2M |
| 2014 | 154,407 | $5.57B | $36,105 | $368M | — | $33.3M |
| 2013 | 151,703 | $5.60B | $36,938 | $367M | — | $94.6M |
| 2012 | 146,863 | $4.99B | $33,999 | $352M | — | $95.7M |
| 2011 | 148,885 | $4.68B | $31,401 | $348M | — | $95.3M |
| 2010 | 155,043 | $4.82B | $31,078 | $334M | — | $88.2M |
| 2009 | 159,836 | $4.02B | $25,177 | $289M | — | $77.3M |
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$7,091,027,282
- Employer contributions$514,338,857
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$514,338,857
- Total income, including investment results$1,237,556,332
- Benefits paid$717,902,565
- Administrative expenses$44,645,659
- Total expenses$762,548,224
- Net income$475,008,108
- Net transfers$134,684,752
- Net assets, end of year$7,700,720,142
Participants
- Active participants93,165
- Retired or separated, receiving benefits47,884
- Retired or separated, entitled to future benefits45,174
- Total participants, end of year196,837
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Chlic | Other services | $2,767,060 | $0 |
| Schroder Investment MGMT | Investment management | $1,491,984 | $0 |
| Jennison Associates LLC | Investment management | $1,414,565 | $0 |
| Bridgeway Benefit Technologies | Recordkeeping and information management | $1,087,267 | $0 |
| Wellington Management | Investment management | $1,008,916 | $0 |
| Riverbridge | Investment management | $694,043 | $0 |
| T Rowe Price | Investment management fees paid directly by plan; 'Soft dollars' commissions | $682,548 | $0 |
| Segal Select Insurance | Insurance agents and brokers | $671,818 | $0 |
| Aristotle Capital Management | Investment management | $662,368 | $0 |
| Calibre CPA Group LLC | Accounting (including auditing) | $639,640 | $0 |
| Kelly Press, Inc. | Copying and duplicating | $425,830 | $0 |
| PC Connection Sales Corp. | Other services | $387,881 | $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
- Salaries and allowances$17,606,012
- Other administrative expenses$13,364,958
- Investment advisory and management fees$10,435,912
- Legal fees$1,623,527
- Trustee and custodial fees$557,678
- Recordkeeping fees$547,367
- Actuarial fees$324,205
- IQPA audit fees$175,667
- Other trustee fees and expenses$10,333
- Total administrative expenses$44,645,659
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$2.86B · 37.0%
- Corporate stocks$1.64B · 21.2%
- Partnership/joint venture interests$1.26B · 16.3%
- Registered investment companies (mutual funds)$557M · 7.2%
- 103-12 investment entities$414M · 5.4%
- U.S. Government securities$358M · 4.6%
- Corporate debt instruments$313M · 4.0%
- Cash (interest and non-interest bearing)$158M · 2.0%
- Pooled separate accounts$130M · 1.7%
- Receivables$39.3M · 0.5%
- Buildings and other property used in plan operation$4.7M · 0.1%
- Insurance company general account$2.4M · 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 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 238220: Plumbing, Heating, & Air-Conditioning Contractors.
Similar plans in Virginia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Sheet Metal Workers' National Pension Fund | BD of Trustees Sheet Metal Workers' National Pension Fund | 152,375 | $8.26B | $54,238 |
| Laborers Pension Fund | Board of Trustees Laborers Pension Fund | 1,507 | $76.7M | $50,895 |
| Tidewater Electrical Industry Pension Fund | Board of Trustees - Tidewater Electrical Industry Pension Fund | 971 | $65.1M | $67,000 |
| Iron Workers No 28 Pension Fund | Iron Workers No 28 Pension Fund | 674 | $62.1M | $92,152 |
| Laborers District Council of Virginia Pension Trust Fund | Joint Board of Trustees LDC of Va Pension Trust Fund | 605 | $24.2M | $39,964 |
| IBEW Local No. 229 Pension Fund | IBEW Local No. 229 Pension Fund | 500 | $45.3M | $90,568 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is United Association National Pension Fund?
196,837 participants at the end of the plan year ending 30 Jun 2025, of whom 93,165 were active employees, with net assets of $7,700,720,142. 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 B/o/t United Association National Pension Fund contribute per participant?
The filing reports $514,338,857 in employer contributions for the year, which is $5,521 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 $17,359,959 in compensation to service provider organisations, $88.19 per participant or 0.23% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $44,645,659. 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 B/o/t United Association National Pension Fund. Recordkeeping or administration: Bridgeway Benefit Technologies. Investment advisory or management: Schroder Investment MGMT, Jennison Associates LLC and Wellington Management. 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 13 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 52-6152779, plan 001, received 13 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.