New York › Administrative and support and waste management services › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Office & Professional Employees Iu Pension Plan
Sponsored by Office & Professional Employees International Union, New York, NY
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 31 Dec 2024, Office & Professional Employees Iu Pension Plan covered 374 participants and held $77.0M in net assets. The plan is a defined benefit pension plan sponsored by Office & Professional Employees International Union of New York, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $205,871 per participant, well above the $87,254 median for defined benefit plans with 250 to 499 participants and well above the $84,727 median for defined benefit plans in administrative and support and waste management services. 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 $2.7M for the year ($28,010 per active participant) and benefits paid were $6.2M. 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 8 service provider organisations paid $5,000 or more, with reported compensation of $330K: $883 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $401K. 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 $43.4M in 2009 to $77.0M in 2024 (up 77%), and participants from 322 to 374 (up 16%).
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 | $205,871 | $87,254 | $84,727 | $86,221 |
| Employer contributions per active participant | $28,010 | $11,032 | $14,385 | $10,244 |
| Schedule C compensation per participant | $883 | $413 | $328 | $344 |
| Schedule C compensation, share of net assets | 0.43% | 0.51% | 0.55% | 0.42% |
| Administrative expenses per participant | $1,074 | $596 | $508 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), administrative and support and waste management services (58) 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 | 374 | $77.0M | $205,872 | $2.7M | — | $330K |
| 2023 | 371 | $72.0M | $193,935 | $2.6M | — | $301K |
| 2022 | 369 | $67.9M | $183,902 | $2.3M | — | $299K |
| 2021 | 370 | $82.3M | $222,568 | $2.2M | — | $248K |
| 2020 | 358 | $74.6M | $208,489 | $2.0M | — | $248K |
| 2019 | 362 | $70.3M | $194,180 | $2.0M | — | $337K |
| 2018 | 348 | $62.6M | $180,023 | $2.2M | — | $253K |
| 2017 | 328 | $67.2M | $204,905 | $2.1M | — | $354K |
| 2016 | 353 | $61.7M | $174,802 | $2.2M | — | $286K |
| 2015 | 342 | $59.2M | $173,137 | $2.1M | — | $333K |
| 2014 | 317 | $61.0M | $192,517 | $2.1M | — | $335K |
| 2013 | 317 | $58.5M | $184,495 | $2.1M | — | $336K |
| 2012 | 325 | $51.2M | $157,422 | $2.0M | — | $304K |
| 2011 | 316 | $47.6M | $150,538 | $2.2M | — | $215K |
| 2010 | 322 | $47.3M | $146,966 | $2.1M | — | $154K |
| 2009 | 322 | $43.4M | $134,717 | $2.2M | — | $203K |
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$71,950,376
- Employer contributions$2,744,978
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,744,978
- Total income, including investment results$11,688,314
- Benefits paid$6,241,304
- Administrative expenses$401,492
- Total expenses$6,642,796
- Net income$5,045,518
- Net transfers$0
- Net assets, end of year$76,995,894
Participants
- Active participants98
- Retired or separated, receiving benefits152
- Retired or separated, entitled to future benefits94
- Total participants, end of year374
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| The Segal Company | Actuarial; Consulting (general) | $114,000 | $0 |
| Amalgamated Bank | Custodial (securities) | $73,893 | $0 |
| Calibre CPA Group PLLC | Accounting (including auditing) | $32,100 | $0 |
| UBS Realty Investors LLC | Investment management | $29,811 | $0 |
| Mellon Investments Corporation | Investment management | $29,538 | $0 |
| Quan-Vest Consultants, Inc. | Investment advisory (plan) | $27,000 | $0 |
| Pitta LLP | Legal | $24,000 | $0 |
| Aetna Life Insurance Company Total | Investment management | $0 | $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$206,025
- Actuarial fees$114,000
- Other administrative expenses$25,367
- Legal fees$24,000
- IQPA audit fees$20,000
- Recordkeeping fees$12,100
- Total administrative expenses$401,492
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$63.3M · 82.2%
- Partnership/joint venture interests$6.2M · 8.1%
- Registered investment companies (mutual funds)$3.0M · 3.9%
- Other investments$3.0M · 3.9%
- Cash (interest and non-interest bearing)$1.2M · 1.6%
- Receivables$218K · 0.3%
- Pooled separate accounts$17K · 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, $2,000,000
- 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 related1DFloor-offset plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561110: Office Administrative Services.
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|---|---|---|---|---|
| Perishable Food Industry Pension Fund | Board of Trustees of Perishable Food Industry Pension Fund | 388 | $20.1M | $51,879 |
| Allied Security Pension Fund | Board of Trustees of Allied Security Pension Fund | 301 | $3.7M | $12,140 |
| I.B.E.W. Local #910 Pension Fund | Trustees of the I.B.E.W. Local 910 Pension Fund | 727 | $80.4M | $110,561 |
| National Waste Service LLC Cash Balance Plan | National Waste Service LLC | 129 | $4.0M | $31,390 |
| Teamsters Joint Council No. 16 Pension Fund | Board of Trustees of Teamsters Joint Council No. 16 Pension Fund | 969 | $43.5M | $44,929 |
| Sports Arena Employees Local 137 Retirement Fund | Sports Arena Employees Local 137 Retirement Fund | 1,255 | $41.8M | $33,335 |
Defined benefit plans in administrative and support and waste management services closest in size.
Questions and answers
How big is Office & Professional Employees Iu Pension Plan?
374 participants at the end of the plan year ending 31 Dec 2024, of whom 98 were active employees, with net assets of $76,995,894. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Office & Professional Employees International Union contribute per participant?
The filing reports $2,744,978 in employer contributions for the year, which is $28,010 per active participant; the median for plans of the same type and size was $11,032 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 $330,342 in compensation to service provider organisations, $883 per participant or 0.43% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $401,492. 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 Office & Professional Employees International Union. Investment advisory or management: UBS Realty Investors LLC, Mellon Investments Corporation and Quan-Vest Consultants, Inc.. Trustee or custodian: Amalgamated Bank. 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 4 Sep 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 53-0175463, plan 001, received 4 Sep 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.