Plan Ledger DOL Form 5500 · updated monthly

Plumbers & Steamfitters 150 Profit Sharing FundMoney purchase plan

PLUMBERS & STEAMFITTERS 150 PROFIT SHARING FUND · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Plumbers & Steamfitters 150 Profit Sharing Fund reported $157,439 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,962 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 0.72% to 0.53%. 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 392nd-largest of 1,496 plans among Tennessee employers on file, and the 1,450th of 5,337 in construction. active participation has shrunk from 1,590 to 1,428 since 2022.

Plan summary
Net assets, end of year$32,461,950
Participants with balances1,454
Active participants1,428
Employer contributions$2,801,115
Employee contributions—
Employer contribution per active participant$1,962
Average account balance$22,326
Benefits paid to participants$1,415,185
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS IRWIN & AYLOR, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$32.5M · 1,454 accts · $2.8M emplr
2023$27.4M · 1,499 accts · $2.5M emplr
2022$22.1M · 1,603 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,000
Investment management$10,000
Audit (IQPA)$9,450
Trustee / custodial$4,193
Total administrative$157,439
Employer contributions to the Plumbers & Steamfitters 150 Profit Sharing Fund plan · 2024
Employer contribution per active participant$1,962
Median for plans this size$2,416
2024$1,962 per active participant
2023$1,697 per active participant
2022$1,742 per active participant

Plumbers & Steamfitters 150 Profit Sharing Fund's 2024 employer contribution ran below the $2,416 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 · 20245
EMPOWER RETIREMENT · Investment management · Contract administrator$96,178
SOUTHERN BENEFIT ADMINISTRATORS · Plan administrator$25,061
MORGAN STANLEY · Investment advisory (plan)$10,000
DANIELS IRWIN & AYLOR · Accounting / audit$9,450
ARNALL GOLDEN GREGORY LLP · Legal$4,163

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$157,439 · 0.53%
2023$155,787 · 0.63%
2022$160,096 · 0.72%
Similar plansConstruction · Tennessee
Lehman-Roberts Company TN$34.4M · 0.15%
Redwood-Slc Holdings, LLC TN$33.4M · 0.64%
Redwood Management, LLC TN$27.8M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470892851 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.