Providers › Recordkeeping and administration
Service provider · Schedule C, plan year 2024
Benefits Management Group, Inc.
Most often reported for recordkeeping and administration
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. Schedule C lists only providers a plan paid $5,000 or more, and is filed only by plans with 100 or more participants.
Benefits Management Group, Inc. is named as a service provider on the Schedule C of 25 retirement plans with 100 or more participants for plan year 2024, covering 43,995 participant records. Most often it is reported for recordkeeping and administration.
Reported compensation from those plans, direct and indirect, totalled $2.3M. Per plan, the median was $53.75 per participant, with the middle half of plans between $38.05 and $71.69. These are amounts plans reported paying this organisation, not a price list: they depend on which services each plan buys and on how much is paid through fund expenses instead.
Its client plans are most numerous in Illinois (20), Iowa (4) and Wisconsin (1).
In 2009 it appeared on 9 such filings; in 2024, 26. Yearly counts include every filing that names it, so they can run slightly above the number of plans with pages here, and name or EIN changes after mergers can break the series.
Reported compensation per plan
| Across this provider's plans | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Compensation per participant | $38.05 | $53.75 | $71.69 |
| Compensation as a share of plan net assets | 0.04% | 0.09% | 0.12% |
What each plan reported paying this organisation, not the plan's total cost. For reference, the median US defined contribution plan reported $123 per participant to all Schedule C providers combined.
Plans served by year
Matched by employer identification number. A merger or a change of filing entity starts a new series, so a drop to zero is not a loss of clients by itself.
By state
By plan size
Services reported
Largest plans naming this provider
| Plan | Sponsor | State | Participants | Net assets | Reported to this provider |
|---|---|---|---|---|---|
| Ironworkers National Pension Plan | Ironworkers National Pension Plan Board of Trustees | IL | 13,533 | $502M | $620K |
| Union Individual Account Retirement Fund | The Board of Trustees of the Union Individual Account Retirement Fund | WI | 4,139 | $309M | $161K |
| Local 743 Severance and Retirement Plan | Trustees of Local 743 Ib of T | IL | 3,071 | $14.6M | $133K |
| International Association Pension Plan | Board of Trustees, International Association Pension Plan | IL | 2,450 | $401M | $295K |
| Stagehands Local Two Annuity Plan | Board of Trustees - Stagehands Local Two | IL | 2,234 | $105M | $36K |
| Arch. Ironworkers Local 63 DC Pension Trust | Board of Trustees-Local 63 Defined Contribution Pension Fund | IL | 2,159 | $338M | $82K |
| IUOE Local 965 Annuity Plan | Board of Trustees, IUOE Local 965 Annuity Fund | IL | 1,975 | $29.0M | $34K |
| Stagehands Local Two Retirement Plan | BD of Trustees Stagehands Local | IL | 1,688 | $156M | $96K |
| Local 703, I.b of T., Grocery & Food Employees' Pension Plan | Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P | IL | 1,498 | $170M | $97K |
| Plumbers & Pipefitters Local 172 Pension Fund | Trustees of Plumbers & Pipefitters Local 172 Pension Fund | IL | 1,068 | $155M | $67K |
| Rockford Pipe Trades Industry Pension Fund | Board of Trustees of the Rockford Pipe Trades Industry Pension Fund | IL | 1,029 | $229M | $48K |
| Glaziers Union Local No. 27 Pension & Retirement P | Glaziers Union Local No. 27 Pension & Retirement Plan Trustees | IL | 998 | $195M | $67K |
| The Pension Trust Estate for Shopmen's Local Union No. 473 | BD Trustees PN TR Estate Local 473 | IL | 960 | $6.5M | $52K |
| Machinery Movers, Riggers & Mach. Erect. Local 136 Defined Contribution Retirement Fund | Trstees Mach Mvrs,riggers&mach Erec Local 136 Def. Cont. Retire. Fund | IL | 931 | $46.2M | $10K |
| Ironworkers 340 Retirement Plan | Ironworkers 340 Retirement Plan | IL | 819 | $31.9M | $59K |
| Iowa Ironworkers Heavy Highway Defined Contribution Plan | Iowa Ironworkers Heavy Highway Defined Contribution Plan | IA | 784 | $29.1M | $25K |
| Rockford Pipe Trades Industry 401(k) Plan | BD of Trustees of the Rockford Pipe Trades Industry 401(k) Plan | IL | 738 | $52.2M | $8,026 |
| Painters Union Local #1052 Pension Trust Fund | Painters Union Local #1052 Pension Trust Fund Trustees | IL | 582 | $38.9M | $35K |
| Sheet Metal Workers Local Union No. 263 Retirement Savings Plan | Board of Trustees of Sheet Metal Workers Local Union No. 263 Retiremen | IA | 576 | $42.3M | $29K |
| Iron Workers Local 498 Defined Benefit Plan | Trustees of the Iron Workers Local 498 Defined Benefit Plan | IL | 549 | $33.9M | $78K |
| Iowa Ironworkers Heavy Highway Defined Benefit Pension Plan | Iowa Ironworkers Heavy Highway Defined Benefit Pension Plan | IA | 541 | $65.8M | $65K |
| Roofers Local No. 88 Pension Fund | Roofers Local No. 88 Pension Fund Board of Trustees | IL | 479 | $24.2M | $56K |
| Plumbers and Pipefitters Local Union 172 Voluntary 401(k) Plan | Board of Trustees of Plumbers and Pipefitters Local Union 172 | IL | 478 | $13.9M | $12K |
| Machinery Movers, Riggers & Mach. Erect. Local 136 Supplemental Retirement Plan | Trstees Mach Mvrs,riggers&mach Erec Local 136 Supplemental Retire. Pla | IL | 370 | $68.1M | $84K |
| Iowa Carpenters Heavy Highway/teamsters Jt. Council #45 Pension Plan | Iowa Carpenters Heavy Highway/teamsters Jt. Council #45 Pension Plan | IA | 346 | $23.2M | $36K |
Questions and answers
How many plans does Benefits Management Group, Inc. serve?
25 plans with 100 or more participants named it on Schedule C for plan year 2024. Plans that paid it under $5,000, small plans that file Form 5500-SF, and plans whose filings spell its name without an EIN under a different form are not counted.
What do plans pay Benefits Management Group, Inc.?
The median plan reported $53.75 per participant in direct and indirect compensation (25 plans reporting an amount), or 0.09% of plan net assets. Eligible indirect compensation disclosed to the plan by formula is not reported as a dollar amount, so many filings understate what a provider receives.
What services are reported?
The service codes most often attached to it are Contract Administrator (17 plans), Plan Administrator (7 plans), Claims processing (3 plans) and Copying and duplicating (3 plans).
Where does this come from?
Schedule C of Form 5500, Part I line 2, from the EBSA research files with filings received through 24 Aug 2026. Individuals named on Schedule C are excluded from this site.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, Schedule C Part I line 2, public domain, with filings received through 24 Aug 2026. Rows are grouped by the provider's EIN as entered by each plan; rows without an EIN join the EIN most often filed under the same name. Providers named on fewer than 25 plans have no page. See the methodology and corrections.