California › Information › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Motion Picture Industry Pension Plan
Sponsored by Board of Directors, Motion Picture Industry Pension, Studio City, 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.
Motion Picture Industry Pension Plan is a defined benefit pension plan sponsored by Board of Directors, Motion Picture Industry Pension of Studio City, California. For the plan year ending 31 Dec 2024 it reported 103,919 participants, 61,464 of them active, and net assets of $5.86B. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $56,437 per participant, well below the $88,040 median for defined benefit plans with 25,000 or more participants and well below the $76,035 median for defined benefit plans in information. 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 $530M for the year ($8,630 per active participant) and benefits paid were $455M. 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 15 service provider organisations paid $5,000 or more, with reported compensation of $39.4M: $380 per participant, well above the same-size median of $143. Administrative expenses charged to the plan were $48.0M. 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 $2.47B in 2009 to $5.86B in 2024 (up 138%), and participants from 70,965 to 103,919 (up 46%).
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 | $56,437 | $88,040 | $76,035 | $86,221 |
| Employer contributions per active participant | $8,630 | $6,524 | $7,015 | $10,244 |
| Schedule C compensation per participant | $380 | $143 | $354 | $344 |
| Schedule C compensation, share of net assets | 0.67% | 0.26% | 0.46% | 0.42% |
| Administrative expenses per participant | $462 | $306 | $671 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 plans), information (147) 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 | 103,919 | $5.86B | $56,437 | $530M | $386K | $39.4M |
| 2023 | 103,343 | $5.31B | $51,376 | $466M | $279K | $23.6M |
| 2022 | 105,682 | $4.91B | $46,468 | $534M | $653K | $32.7M |
| 2021 | 101,101 | $5.23B | $51,722 | $480M | $220K | $26.7M |
| 2020 | 94,820 | $4.57B | $48,233 | $409M | $91K | $24.4M |
| 2019 | 94,673 | $4.27B | $45,147 | $449M | $215K | $22.5M |
| 2018 | 90,298 | $3.77B | $41,714 | $402M | $208K | $26.0M |
| 2017 | 87,147 | $3.82B | $43,851 | $376M | $180K | $22.8M |
| 2016 | 84,389 | $3.39B | $40,224 | $309M | $174K | $20.0M |
| 2015 | 81,250 | $3.19B | $39,204 | $273M | $208K | $18.2M |
| 2014 | 78,295 | $3.29B | $41,993 | $255M | $442K | $18.8M |
| 2013 | 75,964 | $3.21B | $42,213 | $241M | $544K | $19.0M |
| 2012 | 73,989 | $3.00B | $40,525 | $191M | $26K | $17.3M |
| 2011 | 73,067 | $2.76B | $37,720 | $167M | $47K | $13.9M |
| 2010 | 71,742 | $2.74B | $38,151 | $168M | — | $16.3M |
| 2009 | 70,965 | $2.47B | $34,767 | $176M | — | $12.0M |
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$5,309,344,635
- Employer contributions$530,411,401
- Participant contributions$385,759
- Rollovers and other contributions—
- Total contributions$530,797,160
- Total income, including investment results$1,058,779,363
- Benefits paid$455,302,814
- Administrative expenses$47,984,006
- Total expenses$503,286,820
- Net income$555,492,543
- Net transfers$0
- Net assets, end of year$5,864,837,178
Participants
- Active participants61,464
- Retired or separated, receiving benefits21,633
- Retired or separated, entitled to future benefits18,632
- Participants with account balances0
- Total participants, end of year103,919
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Arrowstreet Capital & Ltd. | Investment management | $10,717,526 | $0 |
| Nigro Karlin Segal Feldstein & Boln | Accounting (including auditing) | $2,458,586 | $0 |
| Bridgewater Associates Intermediate | Investment management | $1,720,777 | $0 |
| J.P. Morgan Investment Management | Investment management | $1,601,752 | $0 |
| Intertex General Contractors | Other services | $1,588,093 | $0 |
| Pacific Investment Management Co. | Investment management | $1,513,701 | $0 |
| Wasatch Advisors | Investment management | $1,405,717 | $0 |
| Miller Kaplan Arase LLP | Accounting (including auditing) | $1,170,202 | $0 |
| Aberdeen Asset Management, Inc. | Investment management | $971,927 | $0 |
| Lockton Insurance Brokers, LLC | Insurance agents and brokers; Insurance services | $875,727 | $0 |
| Ilink Systems, Inc. | Other services | $817,103 | $0 |
| Doubleline Capital, LP | Investment management | $756,361 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. 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$22,199,233
- Other administrative expenses$11,272,339
- Salaries and allowances$11,146,069
- Recordkeeping fees$1,932,288
- Legal fees$596,361
- Actuarial fees$360,000
- Trustee and custodial fees$272,675
- IQPA audit fees$188,500
- Other trustee fees and expenses$16,541
- Total administrative expenses$47,984,006
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)$1.03B · 17.5%
- Common/collective trusts$964M · 16.4%
- Partnership/joint venture interests$928M · 15.8%
- 103-12 investment entities$911M · 15.5%
- U.S. Government securities$690M · 11.7%
- Other investments$587M · 10.0%
- Corporate stocks$295M · 5.0%
- Real estate$252M · 4.3%
- Corporate debt instruments$90.2M · 1.5%
- Buildings and other property used in plan operation$65.3M · 1.1%
- Pooled separate accounts$50.0M · 0.9%
- Receivables$17.1M · 0.3%
- Cash (interest and non-interest bearing)$1.8M · 0.0%
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 lateNo
- Covered by a fidelity bondYes, $3,000,000
- 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)1FCode section 414(k) arrangement
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 512100: Motion Picture & Video Industries (except video rental).
Other plans of Board of Directors, Motion Picture Industry Pension
| Plan | Participants | Net assets |
|---|---|---|
| Motion Picture Industry Pension Plan 401(k) Savings Plan | 195 | $16.7M |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Screen Actors Guild - Producers Pension Plan | Board of Trustees Screen Actors Guild - Producers | 67,988 | $5.25B | $77,182 |
| Disney Associated Companies' Retirement Plan | TWDC Enterprises 18 Corp. | 53,294 | $1.83B | $34,345 |
| Disney Salaried Pension Plan D | TWDC Enterprises 18 Corp. | 34,883 | $10.4B | $298,735 |
| Disney Salaried Pension Plan a | TWDC Enterprises 18 Corp. | 18,186 | $4.20B | $231,183 |
| Directv Bargained Pension Plan | Directv Entertainment Holdings LLC | 3,544 | $17.7M | $4,984 |
| SSL Pension Plan | Maxar Space, LLC | 2,868 | $321M | $111,813 |
Defined benefit plans in information closest in size.
Questions and answers
How big is Motion Picture Industry Pension Plan?
103,919 participants at the end of the plan year ending 31 Dec 2024, of whom 61,464 were active employees, with net assets of $5,864,837,178. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does Board of Directors, Motion Picture Industry Pension contribute per participant?
The filing reports $530,411,401 in employer contributions for the year, which is $8,630 per active participant; the median for plans of the same type and size was $6,524 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 $39,447,148 in compensation to service provider organisations, $380 per participant or 0.67% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $47,984,006. 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 Directors, Motion Picture Industry Pension. Investment advisory or management: Arrowstreet Capital & Ltd., Bridgewater Associates Intermediate and J.P. Morgan Investment 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 10 Oct 2025. 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 95-1810805, plan 001, received 10 Oct 2025; 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.