Plan Ledger DOL Form 5500 · updated monthly

Plumbers and Steamfitters Local 166Profit-sharing plan

PLUMBERS AND STEAMFITTERS LOCAL 166 PROFIT SHARING ANNUITY PLAN · FORT WAYNE, IN · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Plumbers and Steamfitters Local 166 reported $214,428 in plan administrative expenses for 2024: 0.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,067 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 0.42% to 0.37%. 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 241st-largest of 1,562 plans among Indiana employers on file, and the 903rd of 5,337 in construction. In 2024, the employer put in $2.42 for every $1.00 employees contributed themselves; active participation has grown from 928 to 1,034 since 2022.

Plan summary
Net assets, end of year$61,605,439
Participants with balances1,066
Active participants1,034
Employer contributions$2,137,611
Employee contributions$884,104
Employer contribution per active participant$2,067
Average account balance$57,791
Benefits paid to participants$2,223,569
Plan auditUnmodified (clean) audit opinion
AuditorWHITINGER & COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$61.6M · 1,066 accts · $2.1M emplr
2023$55.9M · 1,020 accts · $2.0M emplr
2022$48.5M · 961 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,325
Investment management$79,101
Audit (IQPA)$23,500
Trustee / custodial$1,238
Total administrative$214,428
Employer contributions to the Plumbers and Steamfitters Local 166 plan · 2024
Employer contribution per active participant$2,067
Median for plans this size$3,635
2024$2,067 per active participant
2023$1,990 per active participant
2022$1,882 per active participant

Plumbers and Steamfitters Local 166's 2024 employer contribution ran below the $3,635 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 · 20248
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$79,101
BENESYS, INC · Plan administrator$32,342
ASHERKELLY · Legal$26,281
MARINER · Investment advisory (plan)$25,000
WHITINGER & COMPANY LLC · Accounting / audit$23,500
PLUMBERS & STEAMFITTERS LOCAL 166 · Participant communication$14,032
STEFANSKY, HOLLOWAY & NICHOLS, INC. · Accounting / audit$5,405
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$214,428 · 0.37%
2023$195,869 · 0.38%
2022$202,855 · 0.42%
Similar plansConstruction · Indiana
Bmwc Constructors, Inc. IN$81.0M · 0.18%
Gaylor Electric, Inc. IN$80.4M · 0.38%
Deem, LLC IN$71.6M · 0.29%
Gene B. Glick Company, Inc. IN$61.0M · 0.14%
Centurion Industries, Inc. IN$60.2M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351953097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.