Plan Ledger DOL Form 5500 · updated monthly

Plumbers & Steamfitters Local 434 Local 434401(k)

PLUMBERS & STEAMFITTERS LOCAL 434 AND MCA SUPPLEMENTAL 401K · MOSINEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Plumbers & Steamfitters Local 434 Local 434 reported $277,549 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,515 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 0.29% to 0.25%. 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 212th-largest of 1,936 plans among Wisconsin employers on file, and the 552nd of 5,337 in construction. In 2024, the employer put in $4.19 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$115,411,348
Participants with balances1,275
Active participants1,748
Employer contributions$7,892,035
Employee contributions$1,884,236
Employer contribution per active participant$4,515
Average account balance$90,519
Benefits paid to participants$5,778,569
Plan auditUnmodified (clean) audit opinion
AuditorBAUMAN ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$115.4M · 1,275 accts · $7.9M emplr
2023$103.1M · 1,252 accts · $6.4M emplr
2022$88.8M · 1,208 accts · $5.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$121,954
Investment management$34,740
Audit (IQPA)$15,060
Trustee / custodial$25,464
Total administrative$277,549
The Plumbers & Steamfitters Local 434 Local 434 401(k) match · 2024
Employer contribution per active participant$4,515
Median for plans this size$3,635
2024$4,515 per active participant
2023$3,767 per active participant
2022$3,239 per active participant

Plumbers & Steamfitters Local 434 Local 434's 2024 employer contribution ran above 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
MILLIMAN · Recordkeeping$108,394
REINHART, BOERNER, VAN DUREN · Legal$41,601
HIGHCROFT INVESTMENT ADVISORS, LLC · Investment advisory (plan)$34,740
MATRIX TRUST COMPANY · Trustee$25,464
BAUMAN ASSOCIATES · Accounting / audit$15,060
WILSON-MCSHANE · Plan administrator$13,560
COMBINED CRAFTS · Accounting / audit$5,384
FR SECURE LLC$5,000

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$277,549 · 0.25%
2023$257,760 · 0.27%
2022$273,346 · 0.29%
Similar plansConstruction · Wisconsin
Green Bay Electrical Workers WI$176.2M · 0.09%
Keller, Inc. WI$160.7M · 0.05%
Miron Construction Co., Inc. WI$129.9M · 0.23%
J.F. Ahern Co. WI$120.3M · 0.18%
J.H. Findorff & Son Inc. WI$97.4M · 0.22%
Bradley Corporation WI$74.4M · 0.14%
Ryan Incorporated Central WI$72.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391905166 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.