Delaware › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Plumbers & Pipefitters Lu No. 74 Annuity Fund
Sponsored by BD of Tte of Plum & Pipe Lu No. 74 Pipefitters Lu No. 74 Annuity Fund, Wilmington, DE
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
BD of Tte of Plum & Pipe Lu No. 74 Pipefitters Lu No. 74 Annuity Fund of Wilmington, Delaware sponsors Plumbers & Pipefitters Lu No. 74 Annuity Fund, a profit-sharing plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 1,914 participants (986 active) and $98.6M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $51,519 per participant, close to the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well below the $92,294 median for defined contribution plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $6.0M during the year, or $6,108 per active participant against a same-size median of $2,045; participants contributed —. Benefits paid out totalled $6.5M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $189K: $98.80 per participant, above the same-size median of $82.08. Administrative expenses charged to the plan were $247K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $44.9M in 2009 to $98.6M in 2024 (up 119%), and participants from 1,696 to 1,914 (up 13%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $51,519 | $50,295 | $92,294 | $53,102 |
| Employer contributions per active participant | $6,108 | $2,045 | $3,564 | $2,175 |
| Schedule C compensation per participant | $98.80 | $82.08 | $137 | $123 |
| Schedule C compensation, share of net assets | 0.19% | 0.17% | 0.17% | 0.26% |
| Administrative expenses per participant | $129 | $82.20 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), finance and insurance (4,391) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 1,914 | $98.6M | $51,519 | $6.0M | — | $189K |
| 2023 | 1,878 | $88.2M | $46,986 | $5.8M | — | $202K |
| 2022 | 1,590 | $75.9M | $47,739 | $3.7M | — | $181K |
| 2021 | 1,626 | $89.3M | $54,891 | $3.7M | — | $188K |
| 2020 | 1,619 | $79.7M | $49,234 | $3.6M | — | $178K |
| 2019 | 1,737 | $78.8M | $45,386 | $5.7M | — | $173K |
| 2018 | 1,631 | $63.4M | $38,898 | $3.8M | — | $162K |
| 2017 | 5,569 | $65.8M | $11,818 | $5.1M | — | $159K |
| 2016 | 1,573 | $55.4M | $35,247 | $3.4M | $3,000 | $163K |
| 2015 | 1,575 | $52.1M | $33,064 | $3.2M | $13K | $182K |
| 2014 | 1,565 | $51.5M | $32,883 | $3.4M | — | $176K |
| 2013 | 1,409 | $48.7M | $34,582 | $3.1M | — | $168K |
| 2012 | 1,398 | $41.5M | $29,717 | $2.2M | — | $164K |
| 2011 | 1,720 | $42.8M | $24,859 | $3.9M | — | $167K |
| 2010 | 1,463 | $43.8M | $29,910 | $2.4M | — | $177K |
| 2009 | 1,696 | $44.9M | $26,499 | $3.2M | — | $171K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$88,239,028
- Employer contributions$6,022,716
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$6,022,716
- Total income, including investment results$17,114,397
- Benefits paid$6,499,170
- Administrative expenses$246,835
- Total expenses$6,746,005
- Net income$10,368,392
- Net transfers$0
- Net assets, end of year$98,607,420
Participants
- Active participants986
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits928
- Participants with account balances1,914
- Total participants, end of year1,914
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Morgan Stanley Smith Barney | — | $72,961 | $0 |
| Zenith American Solutions | — | $59,251 | $0 |
| Midatlantic Trust Company | — | $24,391 | $0 |
| Whisman Giordano LLC | — | $16,210 | $0 |
| Young Conaway Stargatt Taylor | — | $11,212 | $0 |
| Holroyd Gelman, P.C. | — | $5,079 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$108,940
- Contract administrator fees$59,251
- Other administrative expenses$42,681
- Salaries and allowances$35,963
- Total administrative expenses$246,835
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$93.5M · 94.8%
- Common/collective trusts$4.1M · 4.2%
- Cash (interest and non-interest bearing)$557K · 0.6%
- Receivables$414K · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWhisman Giordano & Associates LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2GTotal participant-directed account plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in Delaware
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Sallie Mae 401(k) Savings Plan | SLM Corporation | 2,324 | $304M | $130,813 |
| The Bancorp, Inc. 401(k) Plan | The Bancorp, Inc. | 974 | $143M | $146,339 |
| WSFS Financial Corporation Section 401(k) Savings & Retirement Plan | Wilmington Savings Fund Society, FSB | 2,930 | $305M | $104,020 |
| Iron Workers Local 451 Annuity Fund | Iron Workers Local 451 Joint Board of Trustees | 773 | $35.2M | $45,508 |
| Navient 401(k) Savings Plan | Navient Corporation | 4,726 | $694M | $146,852 |
| Best Egg 401(k) Plan | Best Egg Services, Llcf/k/a Ma | 695 | $52.3M | $75,194 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is Plumbers & Pipefitters Lu No. 74 Annuity Fund?
1,914 participants at the end of the plan year ending 31 Dec 2024, of whom 986 were active employees, with net assets of $98,607,420. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does BD of Tte of Plum & Pipe Lu No. 74 Pipefitters Lu No. 74 Annuity Fund contribute per participant?
The filing reports $6,022,716 in employer contributions for the year, which is $6,108 per active participant; the median for plans of the same type and size was $2,045 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $189,104 in compensation to service provider organisations, $98.80 per participant or 0.19% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $246,835. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is BD of Tte of Plum & Pipe Lu No. 74 Pipefitters Lu No. 74 Annuity Fund. The financial statements were audited by Whisman Giordano & Associates LLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 17 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 22-2913742, plan 001, received 17 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.