California › Arts, entertainment and recreation › 100 to 249 participants
Form 5500 statement · plan year 1 Apr 2024 to 31 Mar 2025
Concession & Program Employees Local 468 Pension Plan
Sponsored by Board of Trustees of Concession & Program Employees Local 468 Pension, Castro Valley, CA
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 Mar 2025, Concession & Program Employees Local 468 Pension Plan covered 183 participants and held $961K in net assets. The plan is a defined benefit pension plan sponsored by Board of Trustees of Concession & Program Employees Local 468 Pension of Castro Valley, California. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $5,253 per participant, well below the $80,635 median for defined benefit plans with 100 to 249 participants and well below the $98,070 median for defined benefit plans in arts, entertainment and recreation. 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 $82K: $448 per participant, close to the same-size median of $451. Administrative expenses charged to the plan were $105K. 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 $1.3M in 2009 to $961K in 2024 (down 29%), and participants from 215 to 183 (down 15%).
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 | $5,253 | $80,635 | $98,070 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $8,284 | $10,244 |
| Schedule C compensation per participant | $448 | $451 | $440 | $344 |
| Schedule C compensation, share of net assets | 8.5% | 0.52% | 0.49% | 0.42% |
| Administrative expenses per participant | $573 | $582 | $715 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 plans), arts, entertainment and recreation (119) 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 | 183 | $961K | $5,251 | — | — | $82K |
| 2023 | 187 | $1.1M | $6,107 | — | — | $79K |
| 2022 | 189 | $1.3M | $7,005 | — | — | $56K |
| 2021 | 200 | $1.5M | $7,625 | — | — | $57K |
| 2020 | 196 | $1.4M | $7,005 | — | — | $111K |
| 2018 | 213 | $1.6M | $7,643 | — | — | $97K |
| 2014 | 251 | $1.1M | $4,582 | $24K | — | $26K |
| 2013 | 234 | $1.3M | $5,363 | $41K | — | $22K |
| 2012 | 227 | $1.3M | $5,753 | $46K | — | $17K |
| 2011 | 226 | $1.3M | $5,903 | $41K | — | $29K |
| 2010 | 216 | $1.3M | $6,222 | $39K | — | $30K |
| 2009 | 215 | $1.3M | $6,265 | $42K | — | $35K |
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$1,141,805
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$51,038
- Benefits paid$126,705
- Administrative expenses$104,891
- Total expenses$231,596
- Net income−$180,558
- Net transfers$0
- Net assets, end of year$961,247
Participants
- Active participants—
- Retired or separated, receiving benefits53
- Retired or separated, entitled to future benefits117
- Total participants, end of year183
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Withumsmith+brown, PC | Accounting (including auditing) | $30,295 | $0 |
| Rael & Letson | Actuarial; Consulting (pension) | $20,170 | $0 |
| Coast Benefits | Contract Administrator | $19,157 | $0 |
| Beeson, Tayer & Bodine Apc | Legal | $6,862 | $0 |
| Highland Capital Advisors | Investment advisory (plan) | $5,408 | $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
- IQPA audit fees$30,295
- Actuarial fees$20,170
- Contract administrator fees$18,000
- Other administrative expenses$17,947
- Investment advisory and management fees$11,294
- Legal fees$6,862
- Recordkeeping fees$323
- Total administrative expenses$104,891
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)$744K · 76.7%
- Receivables$211K · 21.8%
- Insurance company general account$8,929 · 0.9%
- Cash (interest and non-interest bearing)$6,099 · 0.6%
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, $200,000
- 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)1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 711210: Spectator Sports (including sports clubs & racetracks).
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| San Francisco Symphony Retirement Plan | San Francisco Symphony Corporation | 185 | $107M | $579,378 |
| Retirement Plan for Employees of San Francisco Symphony Corporation | San Francisco Symphony Corporaton | 170 | $22.1M | $129,823 |
| Los Angeles Turf Club, Incorporated Retirement Income Plan | Los Angeles Turf Club, Incorporated | 210 | $23.7M | $112,652 |
| The Retirement Income Plan of the Corporation of Fine Arts Museums | Corporation of the Fine Arts Museums | 151 | $28.5M | $188,562 |
| San Diego Symphony Orchestra Musicians' Pension Plan | San Diego Symphony Orchestra Association | 229 | $13.8M | $60,198 |
| Performing Arts Center Retirement Plan | Performing Arts Center of Los Angeles County | 301 | $17.6M | $58,389 |
Defined benefit plans in arts, entertainment and recreation closest in size.
Questions and answers
How big is Concession & Program Employees Local 468 Pension Plan?
183 participants at the end of the plan year ending 31 Mar 2025, with net assets of $961,247. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does Board of Trustees of Concession & Program Employees Local 468 Pension 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 $81,892 in compensation to service provider organisations, $448 per participant or 8.5% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $104,891. 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 Concession & Program Employees Local 468 Pension. Recordkeeping or administration: Coast Benefits. Investment advisory or management: Highland Capital Advisors. 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 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 94-2364669, plan 001, 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.