Washington › Manufacturing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Western Glaziers Retirement Plan
Sponsored by Board of Trustees, Western Glaziers Retirement Plan, Tukwila, WA
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.
Western Glaziers Retirement Plan is a defined benefit pension plan sponsored by Board of Trustees, Western Glaziers Retirement Plan of Tukwila, Washington. For the plan year ending 30 Jun 2025 it reported 1,757 participants, 887 of them active, and net assets of $414M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $235,434 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well above the $67,961 median for defined benefit plans in manufacturing. 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 12 service provider organisations paid $5,000 or more, with reported compensation of $2.0M: $1,115 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $2.1M. 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 $174M in 2015 to $414M in 2024 (up 137%), and participants from 1,580 to 1,757 (up 11%).
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 | $235,434 | $87,935 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $6,915 | $10,244 |
| Schedule C compensation per participant | $1,115 | $325 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.47% | 0.41% | 0.47% | 0.42% |
| Administrative expenses per participant | $1,217 | $513 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), manufacturing (1,532) 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 | 1,757 | $414M | $235,434 | — | — | $2.0M |
| 2023 | 1,880 | $371M | $197,209 | $16.1M | — | $1.5M |
| 2022 | 1,930 | $335M | $173,763 | $18.0M | — | $1.5M |
| 2021 | 1,947 | $298M | $153,028 | $16.6M | — | $1.6M |
| 2020 | 1,852 | $312M | $168,481 | $15.2M | — | $1.4M |
| 2019 | 1,894 | $245M | $129,606 | $15.4M | — | $1.2M |
| 2018 | 1,790 | $239M | $133,422 | $14.3M | — | $1.2M |
| 2017 | 1,851 | $220M | $119,116 | $12.7M | — | $1.2M |
| 2016 | 1,746 | $202M | $115,496 | $12.7M | — | $1.0M |
| 2015 | 1,580 | $174M | $110,326 | $10.3M | — | $1.0M |
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$370,752,789
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$59,369,823
- Benefits paid$14,325,626
- Administrative expenses$2,138,639
- Total expenses$16,464,265
- Net income$42,905,558
- Net transfers$0
- Net assets, end of year$413,658,347
Participants
- Active participants887
- Retired or separated, receiving benefits456
- Retired or separated, entitled to future benefits343
- Total participants, end of year1,757
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Great Lakes Advisors, LLC | Investment management | $463,748 | $0 |
| Washington Capital Management, Inc. | Investment management | $398,408 | $0 |
| Loomis Sayles & Company, LP | Investment management | $330,499 | $0 |
| Systematic Financial Management, LP | Investment management | $216,423 | $0 |
| U.S. Bank, N.A. | Custodial (securities) | $162,104 | $0 |
| Rael & Letson | Actuarial | $110,269 | $0 |
| Benesys Administrators | Contract Administrator; Recordkeeping and information management; Copying and duplicating; Participant loan processing; Participant communication | $108,923 | $0 |
| Verus Advisory, Inc. | Investment advisory (plan) | $93,750 | $0 |
| Marsh McLennan Agency, LLC | Insurance agents and brokers | $40,158 | $0 |
| Withumsmith+brown, PC | Accounting (including auditing) | $19,500 | $0 |
| Wells Fargo Bank, N.A. | Custodial (other than securities) | $8,101 | $0 |
| The Urban Law Firm | Legal | $6,952 | $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$1,502,828
- Trustee and custodial fees$170,205
- Other administrative expenses$130,481
- Actuarial fees$110,269
- Contract administrator fees$107,041
- Recordkeeping fees$46,806
- Legal fees$33,000
- IQPA audit fees$19,500
- Other trustee fees and expenses$18,509
- Total administrative expenses$2,138,639
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.
- Corporate stocks$111M · 26.7%
- Registered investment companies (mutual funds)$88.9M · 21.5%
- Common/collective trusts$85.6M · 20.7%
- 103-12 investment entities$84.8M · 20.5%
- Partnership/joint venture interests$39.5M · 9.5%
- Receivables$3.7M · 0.9%
- Cash (interest and non-interest bearing)$897K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWithumsmith+brown, PC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 327210: Glass & Glass Product Mfg.
Similar plans in Washington
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Northwest Glass, Molders, Pottery, Plastics and Allied Workers Pension Plan | Bot, N.W. GMP & Allied Workers Pension Plan | 2,096 | $87.6M | $41,791 |
| Clearwater Paper Hourly Retirement Plan | Clearwater Paper Corporation | 1,504 | $103M | $68,232 |
| Western Metal Industry Pension Plan | Board of Trustees, Western Metal Industry Pension Plan | 13,512 | $1.05B | $77,564 |
| Pension Plan for Employees of U.S. Natural Resources and Friedrich Air Conditioning Co. | Usnr, LLC | 1,353 | $40.1M | $29,652 |
| Paccar Inc. Retirement Plan | Paccar Inc. | 17,931 | $2.91B | $162,146 |
| Twin City Foods, Inc. Hourly Employees Defined Benefit Pension Plan | Twin City Foods, Inc. | 1,107 | $64.6M | $58,354 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Western Glaziers Retirement Plan?
1,757 participants at the end of the plan year ending 30 Jun 2025, of whom 887 were active employees, with net assets of $413,658,347. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Board of Trustees, Western Glaziers Retirement Plan 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 $1,958,835 in compensation to service provider organisations, $1,115 per participant or 0.47% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $2,138,639. 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, Western Glaziers Retirement Plan. Recordkeeping or administration: Benesys Administrators. Investment advisory or management: Great Lakes Advisors, LLC, Washington Capital Management, Inc. and Loomis Sayles & Company, LP. Trustee or custodian: U.S. Bank, N.A. and Wells Fargo Bank, N.A.. The financial statements were audited by Withumsmith+brown, PC. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 15 Apr 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 91-6050587, plan 001, received 15 Apr 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.