Plan Ledger DOL Form 5500 · updated monthly

Plumbers and Pipefitters Annuity Fund Local No. 520Profit-sharing plan

PLUMBERS AND PIPEFITTERS LOCAL UNION 520 ANNUITY PLAN · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Plumbers and Pipefitters Annuity Fund Local No. 520 reported $315,310 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $4,622 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 0.17% to 0.15%. 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 139th-largest of 2,619 plans among Michigan employers on file, and the 308th of 5,337 in construction.

Plan summary
Net assets, end of year$219,536,273
Participants with balances1,712
Active participants1,606
Employer contributions$7,422,892
Employee contributions—
Employer contribution per active participant$4,622
Average account balance$128,234
Benefits paid to participants$12,140,467
Plan auditUnmodified (clean) audit opinion
AuditorFISCHER DORWART, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$219.5M · 1,712 accts · $7.4M emplr
2023$204.7M · 1,749 accts · $8.0M emplr
2022$178.9M · 1,755 accts · $7.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,286
Investment management$53,044
Audit (IQPA)$18,000
Trustee / custodial$117,875
Total administrative$315,310
Employer contributions to the Plumbers and Pipefitters Annuity Fund Local No. 520 plan · 2024
Employer contribution per active participant$4,622
Median for plans this size$3,635
2024$4,622 per active participant
2023$4,880 per active participant
2022$4,441 per active participant

Plumbers and Pipefitters Annuity Fund Local No. 520's 2024 employer contribution ran above the $3,635 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 · 20246
BENEFIT PLAN ADMINISTRATIVE SERVICE · Recordkeeping · Custodial (securities)$117,875
BENESYS, INC. · Contract administrator$65,286
CAPTRUST FINANCIAL ADVISORS · Investment advisory (plan)$53,044
ODONOGHUE & ODONOGHUE LLP · Legal$25,567
FISCHER DORWART, PC · Accounting / audit$18,000
KANG HAGGERTY & FETBROYT, LLC · Legal$7,038

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

Recordkeeper by year2
2024BENEFIT PLAN ADMINISTRATIVE SERVICE
2023BENEFIT PLAN ADMINISTRATIVE SERVICE

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$315,310 · 0.15%
2023$301,226 · 0.16%
2022$304,529 · 0.17%
Similar plansConstruction · Michigan
Belfor USA Group, Inc. MI$173.2M · 0.17%
Cci Systems, Inc. MI$165.5M · 0.01%
Walbridge Aldinger Company MI$158.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 236489357 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.