Illinois › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Painters District Council No. 30 Finishing Industries Retirement Savings Fund
Sponsored by Board of Trustees Painters District Coun Finishing Industries Retireme, Aurora, IL
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.
Painters District Council No. 30 Finishing Industries Retirement Savings Fund is a 401(k) plan sponsored by Board of Trustees Painters District Coun Finishing Industries Retireme of Aurora, Illinois. For the plan year ending 31 Dec 2025 it reported 1,437 participants, 1,391 of them active, and net assets of $33.2M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $13,960 per participant in plan year 2024, well below the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well below the $54,962 median for defined contribution 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.
The employer contributed $3.4M during the year, or $2,440 per active participant against a same-size median of $2,045; participants contributed $1.6M and $467K arrived as rollovers and other contributions. Benefits paid out totalled $989K.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $56K: $39.25 per participant, well below the same-size median of $82.08. Administrative expenses charged to the plan were $290K. 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 $2.8M in 2019 to $33.2M in 2025 (up 1072%), and participants from 1,232 to 1,437 (up 17%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $13,960 | $50,295 | $54,962 | $53,102 |
| Employer contributions per active participant | $1,360 | $2,045 | $2,728 | $2,175 |
| Schedule C compensation per participant | $12.26 | $82.08 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.09% | 0.17% | 0.33% | 0.26% |
| Administrative expenses per participant | $94.10 | $82.20 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), construction (4,204) and all US plans (63,460). 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 |
|---|---|---|---|---|---|---|
| 2025 | 1,437 | $33.2M | $23,110 | $3.4M | $1.6M | $56K |
| 2024 | 1,839 | $25.7M | $13,960 | $2.5M | $1.6M | $23K |
| 2023 | 1,828 | $19.6M | $10,734 | $2.7M | $1.5M | $23K |
| 2022 | 1,390 | $14.2M | $10,245 | $2.5M | $1.4M | $17K |
| 2021 | 1,340 | $11.9M | $8,872 | $2.5M | $1.1M | $29K |
| 2020 | 1,264 | $7.5M | $5,939 | $2.8M | $902K | $0 |
| 2019 | 1,232 | $2.8M | $2,300 | $2.3M | $491K | $0 |
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$25,671,637
- Employer contributions$3,394,727
- Participant contributions$1,647,921
- Rollovers and other contributions$467,180
- Total contributions$5,509,828
- Total income, including investment results$8,815,968
- Benefits paid$988,996
- Administrative expenses$289,992
- Total expenses$1,278,988
- Net income$7,536,980
- Net transfers$0
- Net assets, end of year$33,208,617
Participants
- Active participants1,391
- Retired or separated, receiving benefits12
- Retired or separated, entitled to future benefits31
- Participants with account balances1,404
- Total participants, end of year1,437
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Bridgeway Benefit Technologies, LLC | Direct payment from the plan | $26,262 | $0 |
| Strategic Capital Inv Advisors Inc. | Investment advisory (plan) | $12,000 | $0 |
| Macnell Accounting & Consulting,llp | Accounting (including auditing) | $9,287 | $0 |
| Old Second Bank | Trustee (bank, trust company, or similar financial institution) | $8,854 | $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$209,232
- Contract administrator fees$34,041
- Investment advisory and management fees$20,292
- Legal fees$14,684
- IQPA audit fees$6,200
- Recordkeeping fees$3,087
- Actuarial fees$1,894
- Trustee and custodial fees$562
- Total administrative expenses$289,992
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.
- Other investments$32.3M · 96.9%
- Cash (interest and non-interest bearing)$609K · 1.8%
- Receivables$419K · 1.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmMacnell Accounting & Consulting,llp
- Participant contributions reported as transmitted lateYes, $96,855
- 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
2EProfit-sharing plan2JCode section 401(k) feature2S401(k) plan or 403(b) plan that provides for automatic enrollment
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238300: Building Finishing Contractors (including drywall, insulation, painting, wallcovering, flooring, tile, & finish carpentry).
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Ceramic Tile and Terrazzo Local 67 B.A.C. Annuity Trust Fund | Board of Trustees of Ceramic Tile and Terrazzo Local 67 B.a.c Annuity | 1,468 | $172M | $117,371 |
| International Association of Heat and Frost Insulators Local 17 Annuity Fund | Trustees of Int'l Assn of Heat and Frost Insulators Loc 17 Annuity FD | 1,435 | $216M | $150,276 |
| Illinois Operative Plasterers & Cement Masons Annuity Fund | Joint Board of Trustees of the Illinois Operative Plasterers & Cement | 1,550 | $35.8M | $23,108 |
| Ironworkers Local 380 Retirement and Severance Plan | Ironworkers Local 380 Retirement and Sev Fund | 1,322 | $35.5M | $26,822 |
| Plumbers & Pipefitters Local #25 401(k) Plan | Plumbers & Pipefitters Local #25 | 1,605 | $105M | $65,283 |
| Neca Local 145 IBEW Annuity and Profit Sharing Pla | Neca Local 145 I.B.E.W Annuity and Profi | 1,314 | $162M | $123,067 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Painters District Council No. 30 Finishing Industries Retirement Savings Fund?
1,437 participants at the end of the plan year ending 31 Dec 2025, of whom 1,391 were active employees, with net assets of $33,208,617. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does Board of Trustees Painters District Coun Finishing Industries Retireme contribute per participant?
The filing reports $3,394,727 in employer contributions for the year, which is $2,440 per active participant; the median for plans of the same type and size was $2,045 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 $56,403 in compensation to service provider organisations, $39.25 per participant or 0.17% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $289,992. 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 Painters District Coun Finishing Industries Retireme. Investment advisory or management: Strategic Capital Inv Advisors Inc.. Trustee or custodian: Old Second Bank. The financial statements were audited by Macnell Accounting & Consulting,llp. 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 2025 to 31 Dec 2025, received by the Department of Labor on 29 Jul 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 83-2233608, plan 001, received 29 Jul 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.