Retirement plan

UPSTATE NEW YORK ENGINEERS PENSION FUND

Name: BD OF TRUST UPSTATE NEW YORK ENGINEERS PENSION FUND - UPSTATE NEW YORK ENGINEERS PENSION FUND (2025) Form 5500
Creator: BD OF TRUST UPSTATE NEW YORK ENGINEERS PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPSTATE NEW YORK ENGINEERS PENSION FUND, BD OF TRUST UPSTATE NEW YORK ENGINEERS PENSION FUND

BD OF TRUST UPSTATE NEW YORK ENGINEERS PENSION FUNDEIN 15-0614642Plan #001PY 2025

101 INTREPID LANE, P.O. BOX 100- COLVIN STATION - SYRACUSE, NY 132050100315-492-1796

Prospect flagsHigh retiree %Loss discovered

How to read this page

Total assets (EOY)

$454.6M

-6.9% from 2017

Total participants

6,843

+2.8% from 2017

Average account balance

No prior year

Annual return

29.45%

-12.31 pp from 2017

Benchmarks

See 62 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants1,000-4,999

Cohort62 peers

Snapshot2025

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$454.58M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$66K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

4,381

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+29.45%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
JP MORGAN INVESTMENT MANAGEMENT INC10+ years Filed as: SEI INVESTMENT MANAGEMENT CORP. Service code 21 · EIN 23-1707341	Bank Trustee	$1,415,059
JOSEPH W. MCCARTHY & ASSOCIATES9 years Service code 10 · EIN 16-1120588	Accounting	$109,724
SCHULTHEIS & PANETTIERI, LLP10+ years Service code 10 · EIN 13-1577780	Accounting	$105,781
BLITMAN & KING10+ years Filed as: BLITMAN & KING, LLP Service code 29 · EIN 16-1047304	Legal	$88,722
BOLTON PARTNERS, INC.10+ years Filed as: BOLTON PARTNERS NE, INC. Service code 11 · EIN 27-3666661	Actuarial	$79,250
SLEVIN & HART, P.C.9 years Service code 29 · EIN 52-1708613	Legal	$70,446
PRINCIPAL LIFE INSURANCE COMPANY3 years Filed as: PRINCIPAL Service code 19 · EIN 51-0099493	Securities Custodian	$44,261
ARCARA ZUCARELLI LENDA & ASSOCIATES4 years Filed as: ARCARA, ZUCARELLI, LENDA & ASSOC. Service code 10 · EIN 47-1793720	Accounting	$36,966
THE SEGAL COMPANY1 year Filed as: SEGAL SELECT INSURANCE SVC, INC. Service code 22 · EIN 46-0619194	Insurance Broker	$28,296
UPSTATE ADVISORS GROUP7 years Service code 27 · EIN 16-1540179	Advisory (Plan)	$24,800

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B1C

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

Opportunity flags

2 tripped

ComplianceLoss discovered
Plan reported the discovery of a loss from fraud or dishonesty.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$3.3M

$1343 / participant

Recordkeeping$181K5.5%
Trustee / custodial$44K1.3%
Investment mgmt$1M43.6%
Legal$159K4.8%
Actuarial$79K2.4%
Salaries / allowances$722K21.8%
Other trustee fees$8K0.2%
Other / not subdivided$673K20.4%

% of EOY assets

0.727%

all-in expense ratio

Categories reported

7 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHULTHEIS & PANETTIERI, LLP
Auditor EIN: 131577780
Audit fees: $67,925
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,130-100.0%

Participation rate

0.0%

0.0%0pp

12.5%-12.5pp

0.0%0pp

Annual return

29.45%

10.08%+19.4pp

8.99%+20.5pp

8.88%+20.6pp

Employer contribution / active EE

$16,253

$15,398+5.6%

$25,171-35.4%

$15,934+2.0%

Participant deferral / active EE

$133-100.0%

$1-100.0%

$753-100.0%

Admin fee / account holder

$1,134-100.0%

Provider

Service type

Compensation

JP MORGAN INVESTMENT MANAGEMENT INC10+ years

Filed as: SEI INVESTMENT MANAGEMENT CORP.

Service code 21 · EIN 23-1707341

Bank Trustee

$1,415,059

JOSEPH W. MCCARTHY & ASSOCIATES9 years

Service code 10 · EIN 16-1120588

Accounting

$109,724

SCHULTHEIS & PANETTIERI, LLP10+ years

Service code 10 · EIN 13-1577780

Accounting

$105,781

BLITMAN & KING10+ years

Filed as: BLITMAN & KING, LLP

Service code 29 · EIN 16-1047304

Legal

$88,722

BOLTON PARTNERS, INC.10+ years

Filed as: BOLTON PARTNERS NE, INC.

Service code 11 · EIN 27-3666661

Actuarial

$79,250

SLEVIN & HART, P.C.9 years

Service code 29 · EIN 52-1708613

Legal

$70,446

PRINCIPAL LIFE INSURANCE COMPANY3 years

Filed as: PRINCIPAL

Service code 19 · EIN 51-0099493

Securities Custodian

$44,261

ARCARA ZUCARELLI LENDA & ASSOCIATES4 years

Filed as: ARCARA, ZUCARELLI, LENDA & ASSOC.

Service code 10 · EIN 47-1793720

Accounting

$36,966

THE SEGAL COMPANY1 year

Filed as: SEGAL SELECT INSURANCE SVC, INC.

Service code 22 · EIN 46-0619194

Insurance Broker

$28,296

UPSTATE ADVISORS GROUP7 years

Service code 27 · EIN 16-1540179

Advisory (Plan)

$24,800

UPSTATE NEW YORK ENGINEERS PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UPSTATE NEW YORK ENGINEERS PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion