Louisiana › Transportation and warehousing › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Imtt-Illinois Union Pension Plan
Sponsored by International-Matex Tank Terminals LLC, New Orleans, LA
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.
International-Matex Tank Terminals LLC of New Orleans, Louisiana sponsors Imtt-Illinois Union Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 105 participants (35 active) and $8.3M in net assets.
Net assets came to $78,895 per participant, close to the $80,635 median for defined benefit plans with 100 to 249 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.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $132K: $1,258 per participant, well above the same-size median of $451. Administrative expenses charged to the plan were $221K. 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 $8.6M in 2018 to $8.3M in 2024 (down 3%), and participants from 123 to 105 (down 15%).
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 | $78,895 | $80,635 | $94,853 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $12,821 | $10,244 |
| Schedule C compensation per participant | $1,258 | $451 | $425 | $344 |
| Schedule C compensation, share of net assets | 1.6% | 0.52% | 0.43% | 0.42% |
| Administrative expenses per participant | $2,101 | $582 | $650 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 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 | 105 | $8.3M | $78,895 | — | — | $132K |
| 2023 | 108 | $8.5M | $78,722 | — | — | $93K |
| 2022 | 110 | $8.0M | $72,655 | — | — | $89K |
| 2021 | 114 | $10.8M | $94,614 | — | — | $100K |
| 2020 | 123 | $10.3M | $83,919 | — | — | $57K |
| 2019 | 123 | $9.7M | $78,878 | — | — | $76K |
| 2018 | 123 | $8.6M | $69,561 | — | — | $105K |
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$8,501,519
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$424,432
- Benefits paid$421,411
- Administrative expenses$220,613
- Total expenses$642,024
- Net income−$217,592
- Net transfers$0
- Net assets, end of year$8,283,927
Participants
- Active participants35
- Retired or separated, receiving benefits37
- Retired or separated, entitled to future benefits24
- Total participants, end of year105
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Aon Consulting, Inc. | Actuarial; Recordkeeping and information management; Consulting (pension) | $104,096 | $0 |
| Bourgeois Bennett, LLC | Accounting (including auditing) | $14,250 | $0 |
| Aon Investments USA Inc. | Consulting (pension); Investment advisory (plan) | $13,767 | $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
- Other administrative expenses$84,996
- Actuarial fees$70,333
- Recordkeeping fees$33,763
- IQPA audit fees$14,250
- Investment advisory and management fees$13,767
- Trustee and custodial fees$3,504
- Total administrative expenses$220,613
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.
- Master trust investment accounts$8.3M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmBourgeois Bennett, LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,000,000
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)3HPlan sponsor(s) is (are) a member(s) of a controlled group
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).
Other plans of International-Matex Tank Terminals LLC
| Plan | Participants | Net assets |
|---|---|---|
| International-Matex Tank Terminals Retirement Investment Plan | 873 | $96.2M |
| International-Matex Tank Terminals Pension Plan | 727 | $68.2M |
Similar plans in Louisiana
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Shreveport Transit Company, Inc. Employees Retirement and Disability Plan | Shreveport Transit Management, Inc. | 222 | $12.8M | $57,831 |
| Loop LLC Employees' Retirement Plan | Loop LLC | 345 | $113M | $328,770 |
| International-Matex Tank Terminals Pension Plan | International-Matex Tank Terminals LLC | 727 | $68.2M | $93,837 |
| Transit Management of Southeast Louisiana, Inc. Retirement Income Plan | Transit Management of Southeast Louisiana, Inc. | 1,568 | $172M | $109,383 |
| New Orleans Employers-International Longshoremen's Association,afl-Cio,pension Plan | Board of Trustees, New Orleans Employers International Longshoremen's | 2,467 | $136M | $55,115 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Imtt-Illinois Union Pension Plan?
105 participants at the end of the plan year ending 31 Dec 2024, of whom 35 were active employees, with net assets of $8,283,927. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does International-Matex Tank Terminals LLC contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $132,113 in compensation to service provider organisations, $1,258 per participant or 1.6% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $220,613. 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 International-Matex Tank Terminals LLC. Recordkeeping or administration: Aon Consulting, Inc.. Investment advisory or management: Aon Investments USA Inc.. The financial statements were audited by Bourgeois Bennett, 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 9 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 72-0771251, plan 002, received 9 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.