New York › Information › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Bertelsmann Pension Account Plan
Sponsored by Bertelsmann, Inc., New York, NY
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.
Bertelsmann, Inc. of New York, New York sponsors Bertelsmann Pension Account Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 2,980 participants (581 active) and $115M in net assets. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $38,707 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 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.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $829K: $278 per participant, below the same-size median of $325. Administrative expenses charged to the plan were $1.1M. 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 $144M in 2009 to $115M in 2024 (down 20%), and participants from 3,723 to 2,980 (down 20%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $38,707 | $87,935 | $76,035 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $7,015 | $10,244 |
| Schedule C compensation per participant | $278 | $325 | $354 | $344 |
| Schedule C compensation, share of net assets | 0.72% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $381 | $513 | $671 | $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), 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 | 2,980 | $115M | $38,707 | — | — | $829K |
| 2023 | 3,044 | $124M | $40,827 | — | — | $936K |
| 2022 | 3,111 | $125M | $40,087 | — | — | $1.2M |
| 2021 | 3,196 | $172M | $53,962 | $0 | $0 | $561K |
| 2020 | 3,289 | $185M | $56,345 | $0 | $0 | $612K |
| 2019 | 4,105 | $196M | $47,796 | $766K | $0 | $622K |
| 2018 | 4,200 | $168M | $40,058 | $11.4M | $0 | $581K |
| 2017 | 4,275 | $173M | $40,428 | $0 | — | $596K |
| 2016 | 4,577 | $163M | $35,504 | $16.5M | — | $582K |
| 2015 | 4,713 | $142M | $30,097 | $10.0M | — | $343K |
| 2014 | 4,859 | $143M | $29,417 | $10.0M | $0 | $458K |
| 2013 | 5,627 | $138M | $24,491 | $0 | — | $442K |
| 2012 | 5,981 | $139M | $23,161 | $0 | — | $457K |
| 2011 | 6,555 | $135M | $20,654 | $0 | — | $564K |
| 2010 | 6,843 | $157M | $22,914 | $5.0M | — | $0 |
| 2009 | 3,723 | $144M | $38,584 | — | — | $0 |
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$124,276,342
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results−$635,947
- Benefits paid$7,156,153
- Administrative expenses$1,136,452
- Total expenses$8,292,605
- Net income−$8,928,552
- Net transfers$0
- Net assets, end of year$115,347,790
Participants
- Active participants581
- Retired or separated, receiving benefits1,186
- Retired or separated, entitled to future benefits1,021
- Total participants, end of year2,980
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Mercer Investment Management | Investment management fees paid directly by plan; Investment management fees paid indirectly by plan | $266,431 | $0 |
| Fid Inv Inst Ops Co. | Plan Administrator | $254,831 | $0 |
| Segal Advisors, Inc. | Investment management fees paid directly by plan | $221,909 | $0 |
| Mercer | Consulting (pension) | $59,158 | $0 |
| Caron & Bletzer | Accounting (including auditing) | $14,419 | $0 |
| Alston & Bird LLP | Custodial (securities); Trustee (bank, trust company, or similar financial institution) | $12,260 | $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
- Recordkeeping fees$600,553
- Investment advisory and management fees$281,067
- Other administrative expenses$254,832
- Total administrative expenses$1,136,452
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.
- Common/collective trusts$80.9M · 70.1%
- Registered investment companies (mutual funds)$34.4M · 29.8%
- Receivables$126K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCaron & Bletzer, PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $20,000,000
- 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
1ABenefits are primarily pay related3HPlan sponsor(s) is (are) a member(s) of a controlled group1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 511130: Book Publishers.
Other plans of Bertelsmann, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Bertelsmann 401(k) Savings Plan | 14,913 | $1.96B |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Associated Press Consolidated Retirement Plan | Associated Press | 4,141 | $430M | $103,844 |
| News Corp. Pension Plan | NC Transaction, Inc. | 2,860 | $206M | $72,058 |
| Cablevision Cash Balance Pension Plan | CSC Holdings, LLC | 4,760 | $149M | $31,290 |
| Guild-Times Adjustable Pension Plan | Board of Trustees of the Guild-Times Adjustable Pension Fund | 2,374 | $114M | $47,988 |
| The New York Times Companies Pension Plan | The New York Times Company | 5,857 | $985M | $168,219 |
| Newspaper and Mail Deliverers' Publishers' Pension Fund | Board of Trustees of Newspaper and Mail Deliverers' Publishers' Pensio | 2,314 | $118M | $51,040 |
Defined benefit plans in information closest in size.
Questions and answers
How big is Bertelsmann Pension Account Plan?
2,980 participants at the end of the plan year ending 31 Dec 2024, of whom 581 were active employees, with net assets of $115,347,790. 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 Bertelsmann, Inc. 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 $829,008 in compensation to service provider organisations, $278 per participant or 0.72% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,136,452. 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 Bertelsmann, Inc.. Recordkeeping or administration: Fid Inv Inst Ops Co.. Trustee or custodian: Alston & Bird LLP. The financial statements were audited by Caron & Bletzer, 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 14 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 95-2949493, plan 003, received 14 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.