Arizona › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Taylor Morrison Cash Balance Pension Plan
Sponsored by Taylor Morrison, Inc., Scottsdale, AZ
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.
Taylor Morrison, Inc. of Scottsdale, Arizona sponsors Taylor Morrison Cash Balance Pension Plan, a cash balance pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 742 participants (121 active) and $27.9M in net assets.
Net assets came to $37,629 per participant, well below the $86,583 median for defined benefit plans with 500 to 999 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 $2.8M for the year ($23,002 per active participant) and benefits paid were $1.5M. 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 1 service provider organisation paid $5,000 or more, with reported compensation of $187K: $252 per participant, well below the same-size median of $377. Administrative expenses charged to the plan were $187K. 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 $14.9M in 2009 to $27.9M in 2024 (up 87%), and participants from 1,599 to 742 (down 54%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $37,629 | $86,583 | $100,593 | $86,221 |
| Employer contributions per active participant | $23,002 | $10,758 | $13,292 | $10,244 |
| Schedule C compensation per participant | $252 | $377 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.67% | 0.48% | 0.46% | 0.42% |
| Administrative expenses per participant | $252 | $591 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 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 | 742 | $27.9M | $37,629 | $2.8M | — | $187K |
| 2023 | 760 | $25.1M | $33,014 | $669K | — | $142K |
| 2022 | 778 | $22.9M | $29,451 | — | — | $117K |
| 2021 | 797 | $31.8M | $39,959 | $314K | — | $127K |
| 2020 | 827 | $31.4M | $37,936 | $974K | — | $117K |
| 2019 | 844 | $27.3M | $32,305 | $657K | — | $107K |
| 2018 | 877 | $22.9M | $26,067 | $290K | — | $110K |
| 2017 | 1,012 | $26.1M | $25,755 | — | — | $155K |
| 2016 | 1,066 | $24.1M | $22,625 | — | — | $93K |
| 2015 | 1,100 | $23.7M | $21,545 | $1.5M | — | $105K |
| 2014 | 1,254 | $23.9M | $19,035 | $1.0M | — | $225K |
| 2013 | 1,459 | $24.5M | $16,768 | $1.1M | — | $128K |
| 2012 | 1,493 | $21.8M | $14,611 | $820K | — | $196K |
| 2011 | 1,519 | $19.6M | $12,935 | $1.2M | — | $184K |
| 2010 | 1,576 | $19.5M | $12,384 | $4.3M | — | $118K |
| 2009 | 1,599 | $14.9M | $9,332 | $2.0M | — | $176K |
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$25,090,547
- Employer contributions$2,783,272
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,783,272
- Total income, including investment results$4,474,656
- Benefits paid$1,457,523
- Administrative expenses$186,770
- Total expenses$1,644,293
- Net income$2,830,363
- Net transfers$0
- Net assets, end of year$27,920,910
Participants
- Active participants121
- Retired or separated, receiving benefits198
- Retired or separated, entitled to future benefits399
- Total participants, end of year742
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Milliman, Inc. | Actuarial; Contract Administrator | $186,770 | $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
- Actuarial fees$127,770
- Contract administrator fees$59,000
- Total administrative expenses$186,770
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.
- Registered investment companies (mutual funds)$12.6M · 45.1%
- Common/collective trusts$10.2M · 36.6%
- Cash (interest and non-interest bearing)$2.7M · 9.6%
- U.S. Government securities$2.5M · 8.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmWarren Averett, LLC
- 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
1CCash balance or similar plan3HPlan sponsor(s) is (are) a member(s) of a controlled group1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 236110: Residential Building Construction.
Other plans of Taylor Morrison, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Taylor Morrison 401(k) Savings Plan | 4,483 | $370M |
Similar plans in Arizona
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Arizona Operating Engineers Pension Plan | Arizona Operating Engineers Pension Trust Fund | 1,395 | $15.0M | $10,738 |
| Arizona Bricklayers Pension Trust Fund | Board of Trustees - Arizona Bricklayers Pension Trust Fund | 649 | $33.6M | $51,799 |
| IBEW Local Nos 570 & 518 and Southern Az Chapt Neca Pension Plan | B of T IBEW Local Nos 570 & 518 and Southern Az Chap Neca Pension Plan | 1,529 | $119M | $77,850 |
| Operative Plasterers and Cement Masons Local 394 Pension Trust Fund | Bot Operative Plasterers and Cement Masons Loc 394 Pension Trust Fund | 439 | $1.4M | $3,258 |
| Arizona Sheet Metal Pension Trust Fund | Board of Trustees Arizona Sheet Metal Pension Trust Fund | 1,698 | $124M | $72,740 |
| Arizona Laborers & Teamsters Pension Trust Fund | Board of Trustees Arizona Laborers & Teamsters Pension Trust Fund | 2,192 | $45.1M | $20,595 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Taylor Morrison Cash Balance Pension Plan?
742 participants at the end of the plan year ending 31 Dec 2024, of whom 121 were active employees, with net assets of $27,920,910. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Taylor Morrison, Inc. contribute per participant?
The filing reports $2,783,272 in employer contributions for the year, which is $23,002 per active participant; the median for plans of the same type and size was $10,758 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 $186,770 in compensation to service provider organisations, $252 per participant or 0.67% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $186,770. 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 Taylor Morrison, Inc.. Recordkeeping or administration: Milliman, Inc.. The financial statements were audited by Warren Averett, LLC. 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 7 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 58-1426890, plan 003, received 7 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.