Ohio › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Apr 2024 to 31 Mar 2025
Plumbers and Pipefitters Local Union No. 396 Security Plan
Sponsored by Plumbers & Pipefitters Local 396 Security Plan Board of Trustees, Canfield, OH
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.
Plumbers and Pipefitters Local Union No. 396 Security Plan is a money purchase plan sponsored by Plumbers & Pipefitters Local 396 Security Plan Board of Trustees of Canfield, Ohio. For the plan year ending 31 Mar 2025 it reported 648 participants, 628 of them active, and net assets of $30.9M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $47,618 per participant, close to the $46,267 median for defined contribution plans with 500 to 999 participants and below 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 $2.8M during the year, or $4,427 per active participant against a same-size median of $1,934; participants contributed —. Benefits paid out totalled $3.3M.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $160K: $247 per participant, well above the same-size median of $113. Administrative expenses charged to the plan were $286K. 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 $13.4M in 2009 to $30.9M in 2024 (up 130%), and participants from 775 to 648 (down 16%).
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 | $47,618 | $46,267 | $54,962 | $53,102 |
| Employer contributions per active participant | $4,427 | $1,934 | $2,728 | $2,175 |
| Schedule C compensation per participant | $247 | $113 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.52% | 0.25% | 0.33% | 0.26% |
| Administrative expenses per participant | $442 | $109 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 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 | 648 | $30.9M | $47,619 | $2.8M | — | $160K |
| 2023 | 714 | $30.0M | $42,003 | $2.9M | — | $158K |
| 2022 | 2,400 | $26.0M | $10,851 | $3.5M | — | $156K |
| 2021 | 2,270 | $27.9M | $12,310 | $3.1M | — | $106K |
| 2020 | 1,990 | $27.3M | $13,717 | $2.4M | — | $103K |
| 2019 | 2,090 | $19.4M | $9,258 | $2.3M | — | $94K |
| 2018 | 2,042 | $22.2M | $10,882 | $2.1M | — | $93K |
| 2017 | 1,977 | $22.1M | $11,165 | $2.4M | — | $97K |
| 2016 | 1,840 | $20.2M | $10,988 | $1.4M | — | $96K |
| 2015 | 1,799 | $18.3M | $10,165 | $1.4M | — | $117K |
| 2014 | 1,763 | $19.2M | $10,865 | $1.2M | — | $134K |
| 2013 | 1,625 | $18.2M | $11,186 | $1.5M | — | $121K |
| 2012 | 1,519 | $16.6M | $10,920 | $1.7M | — | $80K |
| 2011 | 1,298 | $15.3M | $11,809 | $1.4M | — | $80K |
| 2010 | 836 | $14.9M | $17,834 | $914K | — | $138K |
| 2009 | 775 | $13.4M | $17,311 | $1.0M | — | $93K |
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$29,989,777
- Employer contributions$2,780,298
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,780,298
- Total income, including investment results$4,468,760
- Benefits paid$3,315,626
- Administrative expenses$286,275
- Total expenses$3,601,901
- Net income$866,859
- Net transfers$0
- Net assets, end of year$30,856,636
Participants
- Active participants628
- Retired or separated, receiving benefits5
- Retired or separated, entitled to future benefits8
- Participants with account balances647
- Total participants, end of year648
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| John Hancock Retirement Plan Servic | Recordkeeping and information management; Investment management; Trustee (directed) | $54,549 | $0 |
| Morgan Stanley | Consulting (general) | $45,000 | $0 |
| Benesys, Inc. | Recordkeeping and information management; Contract Administrator | $38,648 | $0 |
| Plumbers Local 396 Combined Funds | Other fees | $13,062 | $0 |
| Yurchyk & Davis Cpa's Inc. | Accounting (including auditing) | $8,900 | $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
- Other administrative expenses$122,368
- Trustee and custodial fees$54,600
- Investment advisory and management fees$45,000
- Contract administrator fees$38,459
- IQPA audit fees$8,900
- Legal fees$8,854
- Recordkeeping fees$7,734
- Other trustee fees and expenses$360
- Total administrative expenses$286,275
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)$29.5M · 95.3%
- Pooled separate accounts$1.1M · 3.6%
- Receivables$329K · 1.1%
- Cash (interest and non-interest bearing)$1,596 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmYurchyk & Davis Cpa's, Inc.
- 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
2CMoney purchase (other than target benefit) 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.
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| I.B.E.W. Local 673 Profit Sharing Annuity Plan | I.B.E.W. Local 673 Profit Sharing Annuity Plan - Board of Trustees | 651 | $53.8M | $82,630 |
| The Cafaro Company Retirement Savings Trust and Plan | The Cafaro Company | 606 | $17.8M | $29,376 |
| Digeronimo Companies Retirement Savings Trust and Plan | Digeronimo | 684 | $75.9M | $110,922 |
| Adena Corporation 401(k) Plan | Adena Corporation | 606 | $29.7M | $48,973 |
| Donley's 401(k) Retirement Plan | Donley Companies, Inc. | 720 | $24.2M | $33,575 |
| Simon Roofing & Sheet Metal Corp. 401(k) Profit Sharing | Simon Roofing & Sheet Metal Corp. | 576 | $32.6M | $56,553 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Plumbers and Pipefitters Local Union No. 396 Security Plan?
648 participants at the end of the plan year ending 31 Mar 2025, of whom 628 were active employees, with net assets of $30,856,636. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Plumbers & Pipefitters Local 396 Security Plan Board of Trustees contribute per participant?
The filing reports $2,780,298 in employer contributions for the year, which is $4,427 per active participant; the median for plans of the same type and size was $1,934 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 $160,159 in compensation to service provider organisations, $247 per participant or 0.52% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $286,275. 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 & Pipefitters Local 396 Security Plan Board of Trustees. Recordkeeping or administration: John Hancock Retirement Plan Servic and Benesys, Inc.. Investment advisory or management: John Hancock Retirement Plan Servic. Trustee or custodian: John Hancock Retirement Plan Servic. The financial statements were audited by Yurchyk & Davis Cpa's, Inc.. 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 Apr 2024 to 31 Mar 2025, received by the Department of Labor on 13 Jan 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 34-6638626, plan 001, received 13 Jan 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.