Plan Ledger DOL Form 5500 · updated monthly

Plumbers & Steamfitters Local 83Money purchase plan

PLUMBERS & STEAMFITTERS LOCAL #83 RETIREMENT FUND · HARMONY, PA · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Plumbers & Steamfitters Local 83 reported $178,457 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,865 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 0.44% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 863rd-largest of 3,651 plans among Pennsylvania employers on file, and the 1,798th of 4,798 in finance & insurance. active participation has grown from 531 to 993 since 2022.

Plan summary
Net assets, end of year$45,203,098
Participants with balances559
Active participants993
Employer contributions$2,844,582
Employee contributions—
Employer contribution per active participant$2,865
Average account balance$80,864
Benefits paid to participants$3,019,814
Plan auditUnmodified (clean) audit opinion
AuditorMCELHANEY & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$45.2M · 559 accts · $2.8M emplr
2023$40.7M · 570 accts · $2.8M emplr
2022$35.3M · 560 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,043
Investment management$27,100
Audit (IQPA)$27,500
Total administrative$178,457
Employer contributions to the Plumbers & Steamfitters Local 83 plan · 2024
Employer contribution per active participant$2,865
Median for plans this size$2,416
2024$2,865 per active participant
2023$5,300 per active participant
2022$5,110 per active participant

Plumbers & Steamfitters Local 83's 2024 employer contribution ran above 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 · 20248
BRIDGEWAY BENEFIT TECHNOLOGIES · Recordkeeping$5,250
PLUMBERS & STEAMFITTERS 83 RETIREME · Other services$151,120
CENTRAL DATA SERVICES · Contract administrator$31,333
MCELHANEY & ASSOCIATES, LLC · Accounting / audit$27,500
STANDARD VALUATION · Pension consulting$27,100
BEACON ADMINISTRATORS AND CONSULTAN · Contract administrator$17,033
JOHN DASCOLI, PLLC · Legal$10,397

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

Recordkeeper by year2
2024BRIDGEWAY BENEFIT TECHNOLOGIES
2023Prudential

This plan has changed recordkeepers within these filings. If you left Plumbers & Steamfitters Local 83 before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$178,457 · 0.42%
2023$182,623 · 0.48%
2022$174,206 · 0.44%
Similar plansFinance & Insurance · Pennsylvania
Tri State Capital Bank PA$45.4M · 0.01%
Petrochoice Holdings, Inc. PA$44.4M · 0.35%
K2 Insurance Services, LLC PA$42.8M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550667502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.