Plan Ledger DOL Form 5500 · updated monthly

Trustees of Plumbers and Steamfitters Local No. 7 Annuity FundProfit-sharing plan

PLUMBERS AND STEAMFITTERS LOCAL NO. 7 ANNUITY FUND · LATHAM, NY · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Trustees of Plumbers and Steamfitters Local No. 7 Annuity Fund reported $246,865 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $9,136 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 0.26% to 0.22%. 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 702nd-largest of 5,648 plans among New York employers on file, and the 551st of 5,337 in construction.

Plan summary
Net assets, end of year$115,428,466
Participants with balances1,123
Active participants1,027
Employer contributions$9,382,328
Employee contributions—
Employer contribution per active participant$9,136
Average account balance$102,786
Benefits paid to participants$8,085,234
Plan auditUnmodified (clean) audit opinion
AuditorMENGAL, METZGER, BARR & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$115.4M · 1,123 accts · $9.4M emplr
2023$104.4M · 1,085 accts · $9.1M emplr
2022$86.7M · 1,104 accts · $9.3M emplr
Administrative expenses, itemized · 2024
Investment management$99,278
Audit (IQPA)$14,350
Total administrative$246,865
Employer contributions to the Trustees of Plumbers and Steamfitters Local No. 7 Annuity Fund plan · 2024
Employer contribution per active participant$9,136
Median for plans this size$3,635
2024$9,136 per active participant
2023$9,098 per active participant
2022$9,176 per active participant

Trustees of Plumbers and Steamfitters Local No. 7 Annuity Fund's 2024 employer contribution ran above the $3,635 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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$73,633
PLUMBERS AND STEAMFITTERS LOCAL 7 A · Other services$263,506
MPC CAPITAL ADVISORS LLC · Investment advisory (plan)$25,645
BLITMAN & KING · Legal$17,138
MENGEL, METZGER, BARR & CO., LLP · Accounting / audit$14,350

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$246,865 · 0.22%
2023$232,757 · 0.24%
2022$216,917 · 0.26%
Similar plansConstruction · New York
Ohl, N.A. 401(K) Plan NY$103.8M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 900127434 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.