Oregon › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Apr 2024 to 31 Mar 2025
Cornell-Hart Pension Plan
Sponsored by Board of Trustees, Cornell-Hart Pension Plan, Portland, OR
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.
Cornell-Hart Pension Plan is a 401(k) plan sponsored by Board of Trustees, Cornell-Hart Pension Plan of Portland, Oregon. For the plan year ending 31 Mar 2025 it reported 1,816 participants, 1,685 of them active, and net assets of $102M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $56,116 per participant, above the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and close to 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.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $247K: $136 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $417K. 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 $4.0M in 2009 to $102M in 2024 (up 2461%), and participants from 179 to 1,816 (up 915%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $56,116 | $50,295 | $54,962 | $53,102 |
| Employer contributions per active participant | — | $2,045 | $2,728 | $2,175 |
| Schedule C compensation per participant | $136 | $82.08 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.24% | 0.17% | 0.33% | 0.26% |
| Administrative expenses per participant | $230 | $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 |
|---|---|---|---|---|---|---|
| 2024 | 1,816 | $102M | $56,116 | — | $10.5M | $247K |
| 2023 | 1,667 | $91.8M | $55,080 | — | $9.6M | $311K |
| 2022 | 1,627 | $72.4M | $44,471 | — | $8.9M | $285K |
| 2021 | 1,381 | $71.1M | $51,495 | — | $7.3M | $270K |
| 2020 | 1,307 | $63.6M | $48,684 | — | $5.4M | $235K |
| 2019 | 1,087 | $46.3M | $42,575 | — | $4.5M | $230K |
| 2018 | 952 | $48.6M | $51,086 | — | $3.5M | $201K |
| 2017 | 778 | $44.8M | $57,584 | — | $2.4M | $130K |
| 2016 | 695 | $42.4M | $61,045 | — | $1.5M | $126K |
| 2015 | 670 | $39.9M | $59,558 | — | $1.3M | $128K |
| 2014 | 646 | $43.5M | $67,296 | — | $1.3M | $150K |
| 2013 | 588 | $42.3M | $71,874 | — | $1.2M | $0 |
| 2012 | 483 | $39.3M | $81,445 | — | $790K | $0 |
| 2011 | 341 | $4.6M | $13,519 | — | $0 | $0 |
| 2010 | 200 | $4.4M | $22,195 | — | $114K | $7,000 |
| 2009 | 179 | $4.0M | $22,229 | — | $125K | $7,000 |
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$91,817,855
- Employer contributions—
- Participant contributions$10,525,527
- Rollovers and other contributions$340,907
- Total contributions$10,866,434
- Total income, including investment results$16,201,693
- Benefits paid$5,695,359
- Administrative expenses$417,262
- Total expenses$6,112,621
- Net income$10,089,072
- Net transfers$0
- Net assets, end of year$101,906,927
Participants
- Active participants1,685
- Retired or separated, receiving benefits108
- Retired or separated, entitled to future benefits13
- Participants with account balances1,793
- Total participants, end of year1,816
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Ferguson Wellman Capital Management | Investment advisory (plan); Investment management | $116,541 | $0 |
| Empower Annuity Ins Co. of America | Recordkeeping fees | $71,081 | $0 |
| Benesys, Inc. | Contract Administrator | $42,060 | $0 |
| Platform CPAS LLP | Accounting (including auditing) | $10,120 | $0 |
| Brownstein Rask LLP | Legal | $7,556 | $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$221,181
- Recordkeeping fees$71,081
- Other administrative expenses$65,264
- Contract administrator fees$42,060
- IQPA audit fees$10,120
- Legal fees$7,556
- Total administrative expenses$417,262
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)$56.2M · 55.1%
- Corporate stocks$27.5M · 27.0%
- Common/collective trusts$5.4M · 5.3%
- Corporate debt instruments$4.4M · 4.3%
- U.S. Government securities$4.0M · 4.0%
- Cash (interest and non-interest bearing)$1.8M · 1.7%
- Participant loans$1.5M · 1.5%
- Receivables$1.0M · 1.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmMiller Kaplan Arase LLP
- Participant contributions reported as transmitted lateYes, $46,996
- 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
2EProfit-sharing plan2GTotal participant-directed account plan2JCode section 401(k) feature2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238210: Electrical Contractors.
Similar plans in Oregon
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| U.A. Locals No. 375 and 367 Supplemental Trust | Board of Trustees, U.A. Locals 375/367 Supplemental Pension Trust | 2,375 | $102M | $43,109 |
| NW Bricklayers & Allied Craftworkers DC Retirement Plan | Joint Board of Trustees, NW Bricklayers & Allied Craftworkers | 1,612 | $37.2M | $23,100 |
| United Association Union Local No. 290 Plumber, Steamfitter and Shipfitter Industry 401(k) Plan | Board of Trustees, U.A. Union Local No. 290 Plumber, | 3,115 | $236M | $75,639 |
| Mei Rigging and Crating LLC 401(k) Profit Sharing Plan and Trust | Mei Rigging & Crating, LLC | 1,434 | $37.9M | $26,403 |
| Sheet Metal Workers Local 100 401(k) Plan | Sheet Metal Workers Local 100 401(k) Plan | 3,750 | $161M | $42,979 |
| Ind Acct Plan for the Oregon Sheet Metal Workers | Bot - Oregon Sheet Metal Workers Master Retirement Trust | 1,393 | $62.7M | $45,009 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Cornell-Hart Pension Plan?
1,816 participants at the end of the plan year ending 31 Mar 2025, of whom 1,685 were active employees, with net assets of $101,906,927. 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, Cornell-Hart Pension 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 $247,358 in compensation to service provider organisations, $136 per participant or 0.24% 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 $417,262. 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, Cornell-Hart Pension Plan. Recordkeeping or administration: Empower Annuity Ins Co. of America and Benesys, Inc.. Investment advisory or management: Ferguson Wellman Capital Management. The financial statements were audited by Miller Kaplan Arase 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 Apr 2024 to 31 Mar 2025, received by the Department of Labor on 15 Jan 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 93-0747524, plan 002, received 15 Jan 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.