Board of Trustees - Plumbers and Steamfitters Local No. 177 PensionMoney purchase plan
PLUMBERS AND STEAMFITTERS LOCAL NO. 177 PENSION PLAN · GOODLETTSVILLE, TN · plan year 2024
Reported admin expense ratio · 2024
0.45%
Peer grade: B+· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees - Plumbers and Steamfitters Local No. 177 Pension reported $102,145 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $6,881 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 0.45%. 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 492nd-largest of 1,496 plans among Tennessee employers on file, and the 1,800th of 5,337 in construction.
Plan summary
Net assets, end of year$23,794,936
Participants with balances390
Active participants211
Employer contributions$1,451,961
Employee contributions—
Employer contribution per active participant$6,881
Average account balance$61,013
Benefits paid to participants$1,070,677
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR
Plan history3
Yearassets · accounts · employer contribution
2024$23.8M · 390 accts · $1.5M emplr
2023$21.8M · 373 accts · $1.3M emplr
2022$19.3M · 370 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,800
Investment management$43,073
Audit (IQPA)$11,275
Trustee / custodial$108
Total administrative$102,145
Employer contributions to the Board of Trustees - Plumbers and Steamfitters Local No. 177 Pension plan · 2024
Employer contribution per active participant$6,881
Median for plans this size$2,416
2024$6,881 per active participant
2023$6,349 per active participant
2022$6,067 per active participant
Board of Trustees - Plumbers and Steamfitters Local No. 177 Pension's 2024 employer contribution ran above the $2,416 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 · 20249
SOUTHERN BENEFIT ADMINISTRATORS · Plan administrator · Consulting$36,608
WELLINGTON TRUST COMPANY · Custodial (securities) · Investment management$22,118
Source: U.S. Department of Labor, Form 5500 series, EIN 581359382 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.