Plan Ledger DOL Form 5500 · updated monthly

Plumbers & Steamfitters Local 137-353 Annuity Fund Board of TrusteesProfit-sharing plan

PLUMBERS & STEAMFITTERS LOCAL 137-353 ANNUITY FUND · SPRINGFIELD, IL · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Plumbers & Steamfitters Local 137-353 Annuity Fund Board of Trustees reported $75,814 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $3,382 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 0.73% to 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 1,756th-largest of 3,702 plans among Illinois employers on file, and the 2,128th of 5,337 in construction. active participation has shrunk from 1,207 to 1,053 since 2022.

Plan summary
Net assets, end of year$18,696,397
Participants with balances0
Active participants1,053
Employer contributions$3,561,038
Employee contributions—
Employer contribution per active participant$3,382
Average account balance—
Benefits paid to participants$476,100
Plan auditUnmodified (clean) audit opinion
AuditorKERBER, ECK, BRAECKEL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$18.7M · $3.6M emplr
2023$14.8M · $3.0M emplr
2022$10.4M · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,635
Audit (IQPA)$17,030
Total administrative$75,814
Employer contributions to the Plumbers & Steamfitters Local 137-353 Annuity Fund Board of Trustees plan · 2024
Employer contribution per active participant$3,382
Median for plans this size$2,416
2024$3,382 per active participant
2023$2,654 per active participant
2022$2,330 per active participant

Plumbers & Steamfitters Local 137-353 Annuity Fund Board of Trustees's 2024 employer contribution ran above 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 · 20243
UMR · Plan administrator$40,656
KERBER, ECK & BRAECKEL, LLP · Accounting / audit$16,100
CAVANAGH OHARA · Legal$7,909

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$75,814 · 0.45%
2023$67,539 · 0.54%
2022$68,275 · 0.73%
Similar plansConstruction · Illinois
Ac Johnston LTD. IL$23.9M · 0.10%
Climate Pros LLC IL$22.2M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812451497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.