Plan Ledger DOL Form 5500 · updated monthly

Plumbers and Steamfitters Local Union No. 43 Annuity FundProfit-sharing plan

PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 43 ANNUITY FUND · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Plumbers and Steamfitters Local Union No. 43 Annuity Fund reported $16,542 in plan administrative expenses for 2024: 0.34% of average plan assets, below the peer median. Employer contributions averaged $2,629 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 rose from 0.06% to 0.34%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Tennessee (1,031st of 1,496), and 3,840th of 5,337 in construction.

Plan summary
Net assets, end of year$5,710,500
Participants with balances895
Active participants636
Employer contributions$1,672,190
Employee contributions—
Employer contribution per active participant$2,629
Average account balance$6,380
Benefits paid to participants$127,459
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 895 accts · $1.7M emplr
2023$4.0M · 825 accts · $1.6M emplr
2022$2.3M · 721 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,000
Trustee / custodial$112
Total administrative$16,542
Employer contributions to the Plumbers and Steamfitters Local Union No. 43 Annuity Fund plan · 2024
Employer contribution per active participant$2,629
Median for plans this size$1,313
2024$2,629 per active participant
2023$2,471 per active participant
2022$2,712 per active participant

Plumbers and Steamfitters Local Union No. 43 Annuity Fund'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$12,103

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$16,542 · 0.34%
2023$1,842 · 0.06%
2022$890 · 0.06%
Similar plansConstruction · Tennessee
Geo Services, LLC TN$6.4M · 0.09%
Tindell's, Inc. TN$5.6M · 0.81%
Empower Electric, LLC TN$5.2M · 1.05%
Eskola, LLC TN$5.1M · 2.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 871958105 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.