Michigan › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Plumbers and Pipefitters Local Union 520 Annuity Plan
Sponsored by Plumbers and Pipefitters Annuity Fund Local No. 520, Troy, MI
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.
In the plan year ending 30 Apr 2025, Plumbers and Pipefitters Local Union 520 Annuity Plan covered 1,712 participants and held $220M in net assets. The plan is a profit-sharing plan sponsored by Plumbers and Pipefitters Annuity Fund Local No. 520 of Troy, Michigan. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $128,234 per participant, well above the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well above the $54,962 median for defined contribution plans in construction. 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 $7.4M during the year, or $4,622 per active participant against a same-size median of $2,045; participants contributed — and $56K arrived as rollovers and other contributions. Benefits paid out totalled $12.1M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $287K: $168 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $315K. 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 $66.6M in 2009 to $220M in 2024 (up 229%), and participants from 1,851 to 1,712 (down 8%).
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 | $128,234 | $50,295 | $54,962 | $53,102 |
| Employer contributions per active participant | $4,622 | $2,045 | $2,728 | $2,175 |
| Schedule C compensation per participant | $168 | $82.08 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.13% | 0.17% | 0.33% | 0.26% |
| Administrative expenses per participant | $184 | $82.20 | $166 | $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), construction (4,204) 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 | 1,712 | $220M | $128,234 | $7.4M | — | $287K |
| 2023 | 1,749 | $205M | $117,055 | $8.0M | — | $270K |
| 2022 | 1,755 | $179M | $101,923 | $7.3M | — | $274K |
| 2021 | 1,759 | $175M | $99,700 | $7.4M | — | $289K |
| 2020 | 1,863 | $194M | $103,911 | $7.1M | — | $299K |
| 2019 | 2,188 | $145M | $66,088 | $6.8M | — | $286K |
| 2018 | 2,066 | $146M | $70,603 | $7.4M | — | $339K |
| 2017 | 2,073 | $132M | $63,882 | $10.1M | — | $360K |
| 2016 | 1,918 | $114M | $59,399 | $7.2M | — | $315K |
| 2015 | 2,337 | $98.9M | $42,330 | $5.7M | — | $316K |
| 2014 | 2,233 | $102M | $45,828 | $6.1M | — | $265K |
| 2013 | 2,082 | $96.2M | $46,185 | $5.2M | — | $398K |
| 2012 | 2,065 | $85.7M | $41,478 | $4.7M | — | $315K |
| 2011 | 2,130 | $77.9M | $36,566 | $5.7M | — | $333K |
| 2010 | 1,942 | $76.0M | $39,154 | $5.2M | — | $346K |
| 2009 | 1,851 | $66.6M | $36,003 | $5.1M | — | $236K |
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$204,728,831
- Employer contributions$7,422,892
- Participant contributions—
- Rollovers and other contributions$55,983
- Total contributions$7,478,875
- Total income, including investment results$27,263,219
- Benefits paid$12,140,467
- Administrative expenses$315,310
- Total expenses$12,455,777
- Net income$14,807,442
- Net transfers$0
- Net assets, end of year$219,536,273
Participants
- Active participants1,606
- Retired or separated, receiving benefits38
- Retired or separated, entitled to future benefits66
- Participants with account balances1,712
- Total participants, end of year1,712
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Benefit Plan Administrative Service | Recordkeeping and information management; Custodial (securities); Trustee (bank, trust company, or similar financial institution) | $117,875 | $0 |
| Benesys, Inc. | Contract Administrator | $65,286 | $0 |
| CAPTRUST Financial Advisors | Investment advisory (plan) | $53,044 | $0 |
| Odonoghue & Odonoghue LLP | Legal | $25,567 | $0 |
| Fischer Dorwart, PC | Accounting (including auditing) | $18,000 | $0 |
| Kang Haggerty & Fetbroyt, LLC | Legal | $7,038 | $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
- Trustee and custodial fees$117,875
- Contract administrator fees$65,286
- Investment advisory and management fees$53,044
- Legal fees$32,605
- Other administrative expenses$25,848
- IQPA audit fees$18,000
- Other trustee fees and expenses$2,652
- Total administrative expenses$315,310
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)$203M · 92.6%
- Common/collective trusts$14.0M · 6.4%
- Cash (interest and non-interest bearing)$1.5M · 0.7%
- Receivables$897K · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmFischer Dorwart, P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,800,000
- 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 plan2FERISA section 404(c) plan2GTotal participant-directed account plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238220: Plumbing, Heating, & Air-Conditioning Contractors.
Other plans of Plumbers and Pipefitters Annuity Fund Local No. 520
| Plan | Participants | Net assets |
|---|---|---|
| Plumbers and Pipefitters Local 520 Pension Plan | 2,138 | $301M |
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Plumbers and Pipefitters Locals 502 & 633 Variable | Board of Trustees Plumbers & Pipefitters Locals 502 & 633 Variable Con | 1,719 | $11.6M | $6,770 |
| Plumbers Local No 98 Defined Contribution Pension Plan | Joint Board of Trustee Plumbers 98 Defined Contribution Pension Plan | 1,648 | $83.9M | $50,880 |
| Barton Malow Profit Sharing and Savings Plan | Barton Malow Holdings LLC | 1,730 | $313M | $180,961 |
| Roofers Local 149 Defined Contribution Pension Fund | Roofers Local 149 DC Pension Plan | 1,615 | $7.4M | $4,589 |
| Michiana Area Electrical Workers' Money Purchase Plan | Trustees of Michiana Area Elec Workers' Money Purchase Plan | 1,761 | $123M | $69,721 |
| Iron Workers Local 17 Annuity Fund | Board of Trustees of Iron Workers Local 17 Annuity Fund | 1,588 | $100M | $63,061 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Plumbers and Pipefitters Local Union 520 Annuity Plan?
1,712 participants at the end of the plan year ending 30 Apr 2025, of whom 1,606 were active employees, with net assets of $219,536,273. 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 Plumbers and Pipefitters Annuity Fund Local No. 520 contribute per participant?
The filing reports $7,422,892 in employer contributions for the year, which is $4,622 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 $286,810 in compensation to service provider organisations, $168 per participant or 0.13% 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 $315,310. 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 Plumbers and Pipefitters Annuity Fund Local No. 520. Recordkeeping or administration: Benefit Plan Administrative Service and Benesys, Inc.. Investment advisory or management: CAPTRUST Financial Advisors. Trustee or custodian: Benefit Plan Administrative Service. The financial statements were audited by Fischer Dorwart, P.C.. 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 May 2024 to 30 Apr 2025, received by the Department of Labor on 10 Feb 2026. 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 23-6489357, plan 003, received 10 Feb 2026; 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.