Texas › Construction › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Laborers National Pension Fund
Sponsored by Board of Trustees of the Laborers National Pension Fund, Dallas, TX
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, Laborers National Pension Fund covered 40,898 participants and held $1.53B in net assets. The plan is a defined benefit pension plan sponsored by Board of Trustees of the Laborers National Pension Fund of Dallas, Texas. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $37,431 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 $90.4M for the year ($8,361 per active participant) and benefits paid were $151M. 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 $5.1M: $124 per participant, below the same-size median of $143. Administrative expenses charged to the plan were $11.0M. 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 $1.33B in 2009 to $1.53B in 2024 (up 15%), and participants from 32,082 to 40,898 (up 27%).
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 | $37,431 | $88,040 | $100,593 | $86,221 |
| Employer contributions per active participant | $8,361 | $6,524 | $13,292 | $10,244 |
| Schedule C compensation per participant | $124 | $143 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.33% | 0.26% | 0.46% | 0.42% |
| Administrative expenses per participant | $269 | $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 | 40,898 | $1.53B | $37,431 | $90.4M | — | $5.1M |
| 2023 | 40,603 | $1.45B | $35,714 | $82.1M | — | $5.2M |
| 2022 | 40,369 | $1.39B | $34,403 | $71.5M | — | $5.2M |
| 2021 | 41,439 | $1.66B | $39,985 | $68.5M | — | $5.5M |
| 2020 | 42,632 | $1.51B | $35,474 | $65.1M | — | $5.5M |
| 2019 | 43,139 | $1.47B | $33,992 | $69.1M | — | $5.5M |
| 2018 | 44,608 | $1.33B | $29,722 | $72.8M | — | $6.3M |
| 2017 | 44,159 | $1.48B | $33,412 | $68.5M | — | $5.8M |
| 2016 | 44,139 | $1.37B | $31,145 | $61.2M | — | $6.1M |
| 2015 | 44,292 | $1.39B | $31,349 | $62.3M | — | $6.2M |
| 2014 | 44,527 | $1.45B | $32,481 | $63.0M | — | $5.6M |
| 2013 | 44,341 | $1.46B | $32,913 | $58.1M | — | $5.5M |
| 2012 | 44,621 | $1.31B | $29,275 | $57.2M | — | $5.8M |
| 2011 | 44,786 | $1.27B | $28,275 | $53.1M | — | $6.3M |
| 2010 | 45,553 | $1.38B | $30,232 | $53.8M | — | $6.8M |
| 2009 | 32,082 | $1.33B | $41,396 | $54.2M | — | $7.6M |
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$1,450,092,774
- Employer contributions$90,388,457
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$90,388,457
- Total income, including investment results$242,884,847
- Benefits paid$151,137,272
- Administrative expenses$10,984,296
- Total expenses$162,121,568
- Net income$80,763,279
- Net transfers$0
- Net assets, end of year$1,530,856,053
Participants
- Active participants10,811
- Retired or separated, receiving benefits15,493
- Retired or separated, entitled to future benefits10,446
- Total participants, end of year40,898
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Ullico Investment Advisors | Investment management | $1,702,053 | $0 |
| Hudson Edge Investment Partners, in | Investment management | $529,473 | $0 |
| American Realty Advisors | Investment management | $499,001 | $0 |
| The Segal Company | Actuarial; Consulting (pension) | $350,988 | $0 |
| Chevy Chase Trust Company | Investment management | $349,826 | $0 |
| Parametric Portfolio Associates | Investment management | $329,815 | $0 |
| Principal Enhanced Property Fund | Investment management | $325,104 | $0 |
| LSV Asset Management | Investment management | $200,018 | $0 |
| Marquette Associates, Inc. | Investment advisory (plan) | $185,000 | $0 |
| Wells Fargo | Trustee (bank, trust company, or similar financial institution) | $183,865 | $0 |
| Northern Trust Company | Custodial (securities); Investment management | $98,261 | $0 |
| Romolo & Associates, LLC | Accounting (including auditing) | $68,602 | $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
- Investment advisory and management fees$6,011,274
- Other administrative expenses$3,940,234
- Actuarial fees$350,988
- Legal fees$236,590
- Trustee and custodial fees$232,548
- Recordkeeping fees$144,060
- IQPA audit fees$68,602
- Total administrative expenses$10,984,296
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$640M · 41.7%
- Partnership/joint venture interests$206M · 13.4%
- Registered investment companies (mutual funds)$179M · 11.7%
- 103-12 investment entities$176M · 11.5%
- Pooled separate accounts$108M · 7.1%
- Real estate$81.2M · 5.3%
- Corporate stocks$65.9M · 4.3%
- Other investments$41.4M · 2.7%
- Receivables$19.3M · 1.3%
- Cash (interest and non-interest bearing)$11.4M · 0.7%
- Employer real property$4.5M · 0.3%
- Buildings and other property used in plan operation$431K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmRomolo & Associates, LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 237310: Highway, Street, & Bridge.
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| IBEW Local 716 Pension Plan | Board of Trustees of IBEW Local 716 Pension Plan | 5,589 | $221M | $39,498 |
| U.A.P.P. Local Union NO.142 Pension Plan | Joint Board of Trustees of U.A.A.P. 142 Pension Plan | 2,027 | $164M | $80,742 |
| IBEW Local Union No. 479 Pension Trust Fund | Trustees of IBEW Local Union No 479 Pension Trust Fund | 1,974 | $162M | $82,155 |
| Nus Corporation Employees' Pension Plan | Kellogg Brown & Root LLC | 1,363 | $47.4M | $34,793 |
| Neca-Ibew Local 584 Pension Plan | Neca-Ibew Local 584 Pension Plan | 899 | $46.9M | $52,130 |
| Plumbers & Steamfitters Local 146 Pension Plan | Plumbers & Steamfitters Local 146 Pension Plan | 868 | $54.0M | $62,196 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Laborers National Pension Fund?
40,898 participants at the end of the plan year ending 31 Dec 2024, of whom 10,811 were active employees, with net assets of $1,530,856,053. 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 Laborers National Pension Fund contribute per participant?
The filing reports $90,388,457 in employer contributions for the year, which is $8,361 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 $5,074,444 in compensation to service provider organisations, $124 per participant or 0.33% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $10,984,296. 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 Laborers National Pension Fund. Investment advisory or management: Ullico Investment Advisors, Hudson Edge Investment Partners, in and American Realty Advisors. Trustee or custodian: Wells Fargo and Northern Trust Company. The financial statements were audited by Romolo & Associates, 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. 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 10 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 75-1280827, plan 001, received 10 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.