Bd of Tees of Plumbers Lu No 690 SrpProfit-sharing plan
PLUMBERS LU NO 690 SUPPLEMENTAL RETIREMENT PLAN · PHILADELPHIA, PA · plan year 2024
Reported admin expense ratio · 2024
0.66%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Bd of Tees of Plumbers Lu No 690 Srp reported $996,608 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $10,132 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 3 years on file its reported administrative ratio has held roughly steady near 0.66%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 344th-largest of 3,651 plans among Pennsylvania employers on file, and the 431st of 5,337 in construction.
Plan summary
Net assets, end of year$155,749,168
Participants with balances1,708
Active participants980
Employer contributions$9,929,183
Employee contributions—
Employer contribution per active participant$10,132
Average account balance$91,188
Benefits paid to participants$8,481,223
Plan auditUnmodified (clean) audit opinion
AuditorDANIEL A. WINTERS & COMPANY, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$155.7M · 1,708 accts · $9.9M emplr
2023$144.2M · 1,744 accts · $10.2M emplr
2022$132.1M · 1,689 accts · $9.3M emplr
Administrative expenses, itemized · 2024
Investment management$746,409
Audit (IQPA)$7,802
Total administrative$996,608
Employer contributions to the Bd of Tees of Plumbers Lu No 690 Srp plan · 2024
Employer contribution per active participant$10,132
Median for plans this size$3,635
2024$10,132 per active participant
2023$9,760 per active participant
2022$9,152 per active participant
Bd of Tees of Plumbers Lu No 690 Srp's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
What these fees cost you
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Service providers · 202412
BOYD WATTERSON ASSET MGMT. · Custodial (securities) · Named fiduciary$330,334
CHARTWELL INVESTMENT PARTNERS · Investment management · Named fiduciary$163,005
LOOMIS SAYLES & COMPANY L.P.$95,118
HARDMAN JOHNSTON GLOBAL ADVISORS · Custodial (securities) · Named fiduciary$72,528
Source: U.S. Department of Labor, Form 5500 series, EIN 232487320 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.