Plan Ledger DOL Form 5500 · updated monthly

Plumbers and Steamfitters Local 486 Severance and ANNUITY/401(K) Plan401(k)

PLUMBERS AND STEAMFITTERS LOCAL 486 SEVERANCE AND ANNUITY/401(K) PLAN · COLUMBIA, MD · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Plumbers and Steamfitters Local 486 Severance and ANNUITY/401(K) Plan reported $1,012,697 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,659 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 0.30% to 0.27%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 48th-largest of 1,671 plans among Maryland employers on file, and the 180th of 5,337 in construction. In 2024, the employer put in $1.93 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$391,598,144
Participants with balances2,993
Active participants4,352
Employer contributions$11,571,132
Employee contributions$5,993,530
Employer contribution per active participant$2,659
Average account balance$130,838
Benefits paid to participants$26,062,514
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$391.6M · 2,993 accts · $11.6M emplr
2023$350.7M · 2,922 accts · $9.8M emplr
2022$299.5M · 2,923 accts · $9.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$758,722
Investment management$30,000
Audit (IQPA)$14,000
Total administrative$1,012,697
The Plumbers and Steamfitters Local 486 Severance and ANNUITY/401(K) Plan 401(k) match · 2024
Employer contribution per active participant$2,659
Median for plans this size$4,294
2024$2,659 per active participant
2023$2,350 per active participant
2022$2,181 per active participant

Plumbers and Steamfitters Local 486 Severance and ANNUITY/401(K) Plan's 2024 employer contribution ran below the $4,294 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 · 202412
EMPOWER ANNUITY INS CO OF AMERICA · Contract administrator$652,481
ABATO, RUBENSTEIN & ABATO · Legal$86,313
ZENITH AMERICAN SOLUTIONS · Contract administrator$66,821
BENESYS, INC. · Contract administrator$37,990
SEGAL MARCO ADVISORS · Investment advisory (plan)$30,000
ROBERT BENNETT · Trustee$7,701
ANDREW GANNON · Trustee$7,701
SEGAL SELECT INSURANCE SERVICES · Insurance servicesindirect comp
CRM · Investment managementindirect comp
T. ROWE PRICE · Investment managementindirect comp
WILLIAM BLAIR · Investment managementindirect comp
NORTHERN FUNDS · Investment managementindirect comp

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$1,012,697 · 0.27%
2023$1,039,854 · 0.32%
2022$1,016,663 · 0.30%
Similar plansConstruction · Maryland
Structural Group Inc. MD$187.7M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521190205 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.