Plan Ledger DOL Form 5500 · updated monthly

Plumbers and Steamfitters Local 247 Annuity PlanProfit-sharing plan

PLUMBERS AND STEAMFITTERS LOCAL 247 ANNUITY PLAN · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Plumbers and Steamfitters Local 247 Annuity Plan reported $18,306 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $3,163 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 has held roughly steady near 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Tennessee (1,164th of 1,496), and 2,488th of 3,341 in other services.

Plan summary
Net assets, end of year$3,858,593
Participants with balances588
Active participants271
Employer contributions$857,100
Employee contributions—
Employer contribution per active participant$3,163
Average account balance$6,562
Benefits paid to participants$75,872
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 588 accts · $857K emplr
2023$3.0M · 543 accts · $807K emplr
2022$2.1M · 489 accts · $742K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,200
Audit (IQPA)$4,000
Trustee / custodial$125
Total administrative$18,306
Employer contributions to the Plumbers and Steamfitters Local 247 Annuity Plan plan · 2024
Employer contribution per active participant$3,163
Median for plans this size$1,313
2024$3,163 per active participant
2023$2,882 per active participant
2022$2,944 per active participant

Plumbers and Steamfitters Local 247 Annuity Plan's 2024 employer contribution ran above the $1,313 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 · 20241
SOUTHERN BENEFIT ADMINISTRATORS · Plan administrator · Consulting$7,200

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$18,306 · 0.54%
2023$13,076 · 0.52%
2022Not separately reported
Similar plansOther Services · Tennessee
Fellowship Bible Church TN$3.9M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830591359 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.