Plan Ledger DOL Form 5500 · updated monthly

Trustees-United Association of Plumbers and Pipefitters Local 693 AnnuDC plan

UNITED ASSOCIATION OF PLUMBERS AND PIPEFITTERS LOCAL 693 ANNUITY FUND · SOUTH BURLINGTON, VT · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Trustees-United Association of Plumbers and Pipefitters Local 693 Annu reported $112,015 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,411 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 0.48% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 101st-largest of 230 plans among Vermont employers on file, and the 2,102nd of 5,337 in construction.

Plan summary
Net assets, end of year$18,949,783
Participants with balances287
Active participants262
Employer contributions$631,725
Employee contributions—
Employer contribution per active participant$2,411
Average account balance$66,027
Benefits paid to participants$1,880,603
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.9M · 287 accts · $632K emplr
2023$18.5M · 289 accts · $505K emplr
2022$17.9M · 281 accts · $532K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,123
Investment management$12,083
Audit (IQPA)$9,500
Total administrative$112,015
Employer contributions to the Trustees-United Association of Plumbers and Pipefitters Local 693 Annu plan · 2024
Employer contribution per active participant$2,411
Median for plans this size$2,416
2024$2,411 per active participant
2023$1,892 per active participant
2022$2,045 per active participant

Trustees-United Association of Plumbers and Pipefitters Local 693 Annu's 2024 employer contribution ran below 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 · 20245
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Custodial (securities)$49,611
LOCAL 693 BUSINESS OFFICE$15,031
NOVAK FRANCELLA, LLC · Accounting / audit$11,002
MORGAN STANLEY GLOBAL BANKING OPERA · Investment management$10,000
IBEW LOCAL 300 HEALTH & WELFARE FD · Contract administrator$9,979

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$112,015 · 0.60%
2023$95,286 · 0.52%
2022$85,852 · 0.48%
Similar plansConstruction · Vermont
Control Technologies, Inc. VT$24.5M · 0.03%
Engineers Construction, Inc VT$22.1M · 0.51%
Vhv Company VT$18.6M
D.E.W. Construction Corp. VT$18.5M · 0.40%
Alliance Group, Inc. VT$13.1M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030320580 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.