Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Pipefitters Lu No 195 Defined Contribution Plan401(k)

PIPEFITTERS LU NO. 195 DEFINED CONTRIBUTION PLAN · NEDERLAND, TX · plan year 2024

Reported admin expense ratio · 2024
1.17%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Board of Trustees Pipefitters Lu No 195 Defined Contribution Plan reported $75,703 in plan administrative expenses for 2024: 1.17% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,129 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 2 years on file its reported administrative ratio fell from 1.43% to 1.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Texas (3,652nd of 5,688), and 4,299th of 4,798 in finance & insurance. active participation has shrunk from 359 to 260 since 2022.

Plan summary
Net assets, end of year$6,794,152
Participants with balances1,322
Active participants260
Employer contributions$293,570
Employee contributions—
Employer contribution per active participant$1,129
Average account balance$5,139
Benefits paid to participants$318,764
Plan auditUnmodified (clean) audit opinion
AuditorEDWARDS AND LEATHERS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 1,322 accts · $294K emplr
2023$6.2M · 1,305 accts · $324K emplr
2022$5.3M · 1,110 accts · $350K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,248
Investment management$29,736
Audit (IQPA)$14,500
Total administrative$75,703
The Board of Trustees Pipefitters Lu No 195 Defined Contribution Plan 401(k) match · 2024
Employer contribution per active participant$1,129
Median for plans this size$1,313
2024$1,129 per active participant
2023$900 per active participant
2022$975 per active participant

Board of Trustees Pipefitters Lu No 195 Defined Contribution Plan's 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20243
OPPENHEIMER & CO · Investment management$29,736
BENEFIT RESOURCES INC · Contract administrator$17,248
EDWARDS AND LEATHERS, P.C. · Accounting / audit$14,500

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$75,703 · 1.17%
2023$80,543 · 1.41%
2022$80,931 · 1.43%
Similar plansFinance & Insurance · Texas
My Community Credit Union TX$7.0M · 0.67%
Texas Community Bank TX$6.9M · 0.02%
Herring Bank TX$6.8M · 1.30%
Brsi, LP TX$6.8M · 0.73%
Futu Clearing Inc. TX$6.4M · 1.52%
Healthcare Highways, LLC TX$6.4M · 0.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470848500 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.