Plan Ledger DOL Form 5500 · updated monthly

Plumbers & Pipefitters Local No 189 and McAcoMoney purchase plan

PLUMBERS & PIPEFITTERS LOCAL NO 189 RETIREMENT SAVINGS PLAN · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Plumbers & Pipefitters Local No 189 and McAco reported $895,741 in plan administrative expenses for 2024: 0.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $12,068 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 rose from 0.26% to 0.42%. 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 198th-largest of 3,295 plans among Ohio employers on file, and the 310th of 5,337 in construction. active participation has grown from 977 to 1,500 since 2022.

Plan summary
Net assets, end of year$218,831,949
Participants with balances1,633
Active participants1,500
Employer contributions$18,101,269
Employee contributions—
Employer contribution per active participant$12,068
Average account balance$134,006
Benefits paid to participants$16,573,410
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$218.8M · 1,633 accts · $18.1M emplr
2023$206.8M · 1,545 accts · $14.1M emplr
2022$181.9M · 1,622 accts · $14.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$124,246
Investment management$693,580
Audit (IQPA)$16,225
Total administrative$895,741
Employer contributions to the Plumbers & Pipefitters Local No 189 and McAco plan · 2024
Employer contribution per active participant$12,068
Median for plans this size$3,635
2024$12,068 per active participant
2023$10,146 per active participant
2022$14,401 per active participant

Plumbers & Pipefitters Local No 189 and McAco's 2024 employer contribution ran above the $3,635 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 · 20246
JOHN HANCOCK · Custodial$484,928
SEGAL MARCO · Custodial$208,652
P&P NO. 189 H&W FUND ADMINISTRATORS · Contract administrator$152,548
CLARK, SCHAEFER, HACKETT & CO. · Accounting / audit$16,225
VORYS, SATER, SEYMOUR & PEASE · Legal$15,000
LANZ PRINTING$11,672

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$895,741 · 0.42%
2023$443,955 · 0.23%
2022$468,809 · 0.26%
Same employer
Similar plansConstruction · Ohio
M/I Homes, Inc. OH$216.1M
Sheet Metal Workers Local 33 OH$176.5M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310894807 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.