Bac Local #5 New York Pension Plan retirement plan: assets, participants and fees
What Bac Local #5 New York Pension Plan's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Schultheis & Panettieri LLP | Schedule C ↗ |
| Independent auditor | Teal, Becker & Chiaramonte Cpas, PC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 138 pension plans in construction with 500 to 999 participants.
| Bac Local #5 New York Pension Plan: employer contribution per participant | $1,036 | |
| Peer median | $5,251 |
| Bac Local #5 New York Pension Plan: average balance | $95,083 | |
| Peer median | $91,436 |
| Bac Local #5 New York Pension Plan: admin expenses ÷ assets | 2.64% | |
| Peer median | 0.77% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $64.2M at the end of plan year 2023 to $64M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 673 | $64M | $697K | $1,036 | 2.64% | Not published | Form 5500 ↗ |
| 2023 | 701 | $64.2M | $726K | $1,035 | 0.88% | Not published | Form 5500 ↗ |
Common questions
Does Bac Local #5 New York Pension Plan match 401(k) contributions?
The match terms for the Bac Local #5 New York Pension Plan have not been published from its filing yet. The plan year 2024 filing reports $697K in employer contributions, about $1,036 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bac Local #5 New York Pension Plan 401(k) match vested?
The vesting schedule for the Bac Local #5 New York Pension Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bac Local #5 New York Pension Plan 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schultheis & Panettieri LLP. The plan administrator is Bac Local #5 New York Pension Plan.
I left Bac Local #5 New York Pension Plan. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bac Local #5 New York Pension Plan, (718) 459-5800) or the recordkeeper, Schultheis & Panettieri LLP. The Bac Local #5 New York Pension Plan old 401(k) page lists the contacts from every plan filing. Find an old Bac Local #5 New York Pension Plan 401(k)
Data from the public Form 5500 annual reports Bac Local #5 New York Pension Plan filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bac Local #5 New York Pension Plan. Not financial advice. Report a correction · Methodology