Board of Trustees of the Kalamazoo Plumbers & Pipefitters 357 401(K)401(k)
KALAMAZOO PLUMBERS & PIPEFITTERS LOCAL 357 401(K) PLAN · BINGHAM FARMS, MI · plan year 2024
Reported admin expense ratio · 2024
0.48%
Board of Trustees of the Kalamazoo Plumbers & Pipefitters 357 401(K) reported $137,199 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. 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 2 years on file its reported administrative ratio rose from 0.37% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 773rd-largest of 2,619 plans among Michigan employers on file, and the 1,504th of 5,337 in construction.
Plan summary
Net assets, end of year$30,766,198
Participants with balances549
Active participants315
Employer contributions—
Employee contributions$1,927,806
Employer contribution per active participant—
Average account balance$56,040
Benefits paid to participants$1,923,383
Plan auditUnmodified (clean) audit opinion
AuditorBULTYNCK & CO., P.L.L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$30.8M · 549 accts
2023$26.9M · 528 accts
2022$22.6M · 508 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,361
Investment management$21,875
Audit (IQPA)$14,636
Total administrative$137,199
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 · 20247
AMERICAN FUNDS · Recordkeeping · Custodial (securities)$49,616
CAPITAL GROUP RETIREMENT PLAN SVCS · Recordkeeping · Custodial (securities)$33,066
MORGAN STANLEY GLOBAL BANKING · Recordkeeping · Custodial$17,500
TIC INTERNATIONAL CORPORATION · Accounting / audit · Contract administrator$10,674
NOVARA, TESIJA & CATENACCI, PLLC · Legal$29,347
SOLXSYS ADMINISTRATIVE SOLUTIONS · Plan administrator$21,784
BULTYNCK & CO., PLLC · Accounting / audit$14,225
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Recordkeeper by year2
2024AMERICAN FUNDS, CAPITAL GROUP RETIREMENT PLAN SVCS, Morgan Stanley, TIC INTERNATIONAL CORPORATION
2023AMERICAN FUNDS, CAPITAL GROUP RETIREMENT PLAN SVCS, Morgan Stanley, TIC INTERNATIONAL CORPORATION
Source: U.S. Department of Labor, Form 5500 series, EIN 386152409 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.