Plumbers and Pipefitters Local 551401(k)
PLUMBERS AND PIPEFITTERS LOCAL 551 PENSION PLAN · WEST FRANKFORT, IL · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Plumbers and Pipefitters Local 551 reported $148,211 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $12,703 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 0.52% to 0.34%. 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 964th-largest of 3,702 plans among Illinois employers on file, and the 1,089th of 5,337 in construction. In 2024, the employer put in $22.91 for every $1.00 employees contributed themselves.
Plumbers and Pipefitters Local 551'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 371136405 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.