Washington › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Apr 2024 to 31 Mar 2025
Laborers Agc Pension Trust of Montana
Sponsored by Laborers Agc Pension Trust of Montana Board of Trustees, Spokane, 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.
Laborers Agc Pension Trust of Montana Board of Trustees of Spokane, Washington sponsors Laborers Agc Pension Trust of Montana, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Mar 2025 shows 3,643 participants (1,796 active) and $138M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $37,769 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 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 $4.7M for the year ($2,609 per active participant) and benefits paid were $11.5M. 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 9 service provider organisations paid $5,000 or more, with reported compensation of $823K: $226 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $964K. 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 $111M in 2009 to $138M in 2024 (up 24%), and participants from 3,128 to 3,643 (up 16%).
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 | $37,769 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $2,609 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $226 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.60% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $265 | $513 | $596 | $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), 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 | 3,643 | $138M | $37,769 | $4.7M | — | $823K |
| 2023 | 3,729 | $135M | $36,327 | $4.8M | — | $817K |
| 2022 | 3,768 | $125M | $33,294 | $4.0M | — | $833K |
| 2021 | 3,922 | $141M | $35,933 | $4.1M | — | $972K |
| 2020 | 4,045 | $142M | $35,031 | $4.1M | — | $962K |
| 2019 | 4,109 | $113M | $27,522 | $3.9M | — | $987K |
| 2018 | 4,186 | $124M | $29,694 | $4.9M | — | $980K |
| 2017 | 3,880 | $124M | $31,868 | $3.0M | — | $983K |
| 2016 | 3,261 | $121M | $37,038 | $2.9M | — | $1.2M |
| 2015 | 3,342 | $117M | $35,095 | $3.1M | — | $937K |
| 2014 | 3,230 | $128M | $39,637 | $3.0M | — | $879K |
| 2013 | 3,196 | $127M | $39,852 | $2.8M | — | $702K |
| 2012 | 3,241 | $121M | $37,404 | $3.5M | — | $772K |
| 2011 | 3,258 | $119M | $36,427 | $3.2M | — | $881K |
| 2010 | 3,188 | $120M | $37,575 | $2.9M | — | $825K |
| 2009 | 3,128 | $111M | $35,585 | $2.7M | — | $653K |
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$135,462,332
- Employer contributions$4,685,151
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$4,685,151
- Total income, including investment results$14,547,324
- Benefits paid$11,453,248
- Administrative expenses$964,370
- Total expenses$12,417,618
- Net income$2,129,706
- Net transfers$0
- Net assets, end of year$137,592,038
Participants
- Active participants1,796
- Retired or separated, receiving benefits1,034
- Retired or separated, entitled to future benefits644
- Total participants, end of year3,643
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Loomis Sayles & Company, LP | Investment management | $202,131 | $0 |
| Zenith American Solutions, Inc. | Accounting (including auditing); Claims processing; Recordkeeping and information management; Plan Administrator | $192,847 | $0 |
| Milliman, Inc. | Actuarial | $127,701 | $0 |
| Verus Investments | Investment advisory (plan) | $89,375 | $0 |
| The London Company | Investment advisory (participants) | $84,617 | $0 |
| Propel Insurance | Consulting (general); Insurance agents and brokers | $38,763 | $0 |
| US Bank National Association | Custodial (securities) | $36,728 | $0 |
| Cullen Capital Management, LLC | Investment management | $36,009 | $0 |
| Anastasi, Moore & Martin, PLLC | Accounting (including auditing) | $15,240 | $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$450,705
- Contract administrator fees$172,248
- Other administrative expenses$137,403
- Actuarial fees$127,701
- Legal fees$39,116
- Other trustee fees and expenses$21,957
- IQPA audit fees$15,240
- Total administrative expenses$964,370
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)$48.9M · 35.5%
- U.S. Government securities$32.3M · 23.5%
- Corporate debt instruments$27.7M · 20.1%
- Corporate stocks$25.3M · 18.4%
- Cash (interest and non-interest bearing)$2.5M · 1.8%
- Receivables$891K · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmAnastasi, Moore & Martin, PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 236200: Nonresidential Building Construction.
Similar plans in Washington
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Wa-Id Laborers Employers Pension Trust | Wa-Id Laborers Employers Pension Trust | 4,292 | $209M | $48,746 |
| I.B.E.W. Pacific Coast Pension Fund | Board of Trustees of the I.B.E.W. Pacific Coast Pension Fund | 3,434 | $295M | $85,997 |
| Defined Benefit Pension Plan of Agc-Iuoe Local 701 Pension Trust Fund | Board of Trustees Agc-Iuoe Local of Agc-Iuoe Local 701 Pension Trust | 5,157 | $358M | $69,383 |
| Engineers Agc Pension Plan of the Inland Empire | Engineers Agc Pension | 3,403 | $215M | $63,090 |
| Alaska Laborers-Employers Retirement Fund | Board of Trustees, Alaska Laborers- Employers Retirement Fund | 5,804 | $657M | $113,279 |
| Idaho Operating Engineers Employers Pension Plan | Idaho Operating Engineers-Employers Pens | 3,030 | $152M | $50,033 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Laborers Agc Pension Trust of Montana?
3,643 participants at the end of the plan year ending 31 Mar 2025, of whom 1,796 were active employees, with net assets of $137,592,038. 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 Laborers Agc Pension Trust of Montana Board of Trustees contribute per participant?
The filing reports $4,685,151 in employer contributions for the year, which is $2,609 per active participant; the median for plans of the same type and size was $10,593 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 $823,411 in compensation to service provider organisations, $226 per participant or 0.60% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $964,370. 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 Laborers Agc Pension Trust of Montana Board of Trustees. Recordkeeping or administration: Zenith American Solutions, Inc.. Investment advisory or management: Loomis Sayles & Company, LP, Verus Investments and The London Company. Trustee or custodian: US Bank National Association. The financial statements were audited by Anastasi, Moore & Martin, PLLC. 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 Apr 2024 to 31 Mar 2025, received by the Department of Labor on 6 Feb 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 91-6068929, plan 001, received 6 Feb 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.