Plan Ledger DOL Form 5500 · updated monthly

Trustees of the Plumbers, Pipefitters and Hvac Technicians Local UnionProfit-sharing plan

PLUMBERS, PIPEFITTERS AND HVAC TECHNICIANS LOCAL UNION NO. 572 ANNUITY FUND · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Trustees of the Plumbers, Pipefitters and Hvac Technicians Local Union reported $36,950 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $2,563 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 0.07% to 0.45%. 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 (818th of 1,496), and 3,035th of 5,337 in construction. active participation has grown from 1,114 to 1,562 since 2022.

Plan summary
Net assets, end of year$10,415,873
Participants with balances1,562
Active participants1,562
Employer contributions$4,003,914
Employee contributions—
Employer contribution per active participant$2,563
Average account balance$6,668
Benefits paid to participants$79,411
Plan auditUnmodified (clean) audit opinion
AuditorLAPADULA CARLSON & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 1,562 accts · $4.0M emplr
2023$6.1M · 1,137 accts · $3.2M emplr
2022$2.8M · $973K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,000
Audit (IQPA)$9,571
Total administrative$36,950
Employer contributions to the Trustees of the Plumbers, Pipefitters and Hvac Technicians Local Union plan · 2024
Employer contribution per active participant$2,563
Median for plans this size$1,313
2024$2,563 per active participant
2023$2,837 per active participant
2022$874 per active participant

Trustees of the Plumbers, Pipefitters and Hvac Technicians Local Union'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 · 20242
SOUTHERN BENEFITS ADMINISTRATORS IN · Plan administrator$22,933
LAPADULA CARLSON & CO. · Accounting / audit$9,571

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$36,950 · 0.45%
2023$27,804 · 0.62%
2022$1,667 · 0.07%
Similar plansConstruction · Tennessee
Enterprise Electric, LLC TN$12.1M · 0.28%
Gem Technologies, Inc. TN$11.7M · 0.56%
Johnson & Galyon, Inc. TN$10.1M · 0.54%
Wasco Inc TN$9.6M · 1.01%
The Comfort Group, Inc TN$9.5M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 834459073 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.