Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Plumbers & Steamfitters Local 141 Annuity PlanProfit-sharing plan

PLUMBERS & STEAMFITTERS LOCAL 141 ANNUITY PLAN · SHREVEPORT, LA · plan year 2024

Reported admin expense ratio · 2024
1.76%

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

Board of Trustees of Plumbers & Steamfitters Local 141 Annuity Plan reported $244,215 in plan administrative expenses for 2024: 1.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,484 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 1.44% to 1.76%. 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 320th-largest of 884 plans among Louisiana employers on file, and the 2,461st of 5,337 in construction. In 2024, the employer put in $4.43 for every $1.00 employees contributed themselves; active participation has grown from 699 to 808 since 2022.

Plan summary
Net assets, end of year$15,087,482
Participants with balances838
Active participants808
Employer contributions$1,199,016
Employee contributions$270,810
Employer contribution per active participant$1,484
Average account balance$18,004
Benefits paid to participants$701,250
Plan auditUnmodified (clean) audit opinion
AuditorEDWARDS AND LEATHERS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$15.1M · 838 accts · $1.2M emplr
2023$12.7M · 769 accts · $1.1M emplr
2022$10.1M · 717 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,400
Investment management$193,675
Audit (IQPA)$14,500
Trustee / custodial$365
Total administrative$244,215
Employer contributions to the Board of Trustees of Plumbers & Steamfitters Local 141 Annuity Plan plan · 2024
Employer contribution per active participant$1,484
Median for plans this size$2,416
2024$1,484 per active participant
2023$1,437 per active participant
2022$1,437 per active participant

Board of Trustees of Plumbers & Steamfitters Local 141 Annuity Plan'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
BENEFIT RESOURCES INC · Recordkeeping · Plan administrator$8,400
EMPOWER ANNUITY INSURANCE COMPANY O · Plan administrator$144,354
EDWARDS D JONES & CO LP · Investment advisory (plan)$33,870
ROBEIN, URANN, SPENCER, PICARD & CA · Legal$25,953
EDWARDS AND LEATHERS, P.C. · Accounting / audit$14,500

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$244,215 · 1.76%
2023$255,716 · 2.25%
2022$148,987 · 1.44%
Similar plansConstruction · Louisiana
Broussard Brothers, Inc. LA$17.8M · 0.49%
Gallo Mechanical, LLC LA$16.6M · 0.44%
Posigen, Pbc LA$14.5M · 1.40%
Butcher Enterprises, Inc. LA$13.7M · 0.19%
Whc, LLC LA$13.4M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720376748 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.