Plumbers Local Union No. 1 Employee 401(K) Savings Plan401(k)
PLUMBERS LOCAL UNION NO. 1 EMPLOYEE 401(K) SAVINGS PLAN · LONG ISLAND CITY, NY · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Plumbers Local Union No. 1 Employee 401(K) Savings Plan reported $1,656,250 in plan administrative expenses for 2024: 0.18% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,689 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 0.20% to 0.18%. 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 123rd-largest of 5,648 plans among New York employers on file, and the 62nd of 5,337 in construction. In 2024, the employer put in $1.41 for every $1.00 employees contributed themselves; active participation has grown from 4,724 to 5,278 since 2022.
Plumbers Local Union No. 1 Employee 401(K) Savings Plan's 2024 employer contribution ran above 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 133877439 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.