Illinois › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
Plumbers' Pension Fund, Local 130, U.A.
Sponsored by Trustees of the Plumbers Pension Fund, Local 130, U.A., Chicago, IL
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 31 May 2025, Plumbers' Pension Fund, Local 130, U.A. covered 9,502 participants and held $1.69B in net assets. The plan is a defined benefit pension plan sponsored by Trustees of the Plumbers Pension Fund, Local 130, U.A. of Chicago, Illinois. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $177,898 per participant, well above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $100,593 median for defined benefit 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.
Employer contributions were $63.1M for the year ($20,374 per active participant) and benefits paid were $96.8M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $5.2M: $551 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $6.8M. 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 $429M in 2009 to $1.69B in 2024 (up 294%), and participants from 6,251 to 9,502 (up 52%).
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 DB plans |
|---|---|---|---|---|
| Net assets per participant | $177,898 | $87,623 | $100,593 | $86,221 |
| Employer contributions per active participant | $20,374 | $9,468 | $13,292 | $10,244 |
| Schedule C compensation per participant | $551 | $232 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.31% | 0.30% | 0.46% | 0.42% |
| Administrative expenses per participant | $717 | $396 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), construction (655) and all US plans (5,308). 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 | 9,502 | $1.69B | $177,898 | $63.1M | — | $5.2M |
| 2023 | 9,340 | $1.59B | $170,602 | $64.8M | — | $4.8M |
| 2022 | 9,305 | $1.44B | $155,074 | $66.6M | — | $4.3M |
| 2021 | 8,692 | $1.49B | $171,069 | $57.1M | — | $4.4M |
| 2020 | 8,786 | $1.43B | $163,089 | $53.7M | — | $3.4M |
| 2019 | 8,971 | $1.17B | $130,634 | $62.4M | — | $3.5M |
| 2018 | 9,019 | $1.13B | $125,017 | $68.1M | — | $3.1M |
| 2017 | 9,040 | $1.12B | $123,880 | $62.6M | — | $3.0M |
| 2016 | 9,026 | $1.04B | $115,074 | $57.9M | — | $2.5M |
| 2015 | 9,369 | $925M | $98,773 | $53.7M | — | $2.4M |
| 2014 | 9,308 | $946M | $101,630 | $49.1M | — | $2.2M |
| 2013 | 9,169 | $905M | $98,702 | $30.4M | — | $2.3M |
| 2012 | 6,523 | $581M | $89,107 | $31.9M | — | $1.6M |
| 2011 | 6,600 | $519M | $78,696 | $25.7M | — | $2.0M |
| 2010 | 6,629 | $533M | $80,373 | $21.6M | — | $2.3M |
| 2009 | 6,251 | $429M | $68,618 | $20.7M | — | $2.2M |
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$1,593,421,118
- Employer contributions$63,119,958
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$63,119,958
- Total income, including investment results$200,588,398
- Benefits paid$96,816,441
- Administrative expenses$6,810,271
- Total expenses$103,626,712
- Net income$96,961,686
- Net transfers$0
- Net assets, end of year$1,690,382,804
Participants
- Active participants3,098
- Retired or separated, receiving benefits2,710
- Retired or separated, entitled to future benefits2,595
- Total participants, end of year9,502
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Ullico Investment Advisors Inc. | Investment management | $950,726 | $0 |
| Natl Invstmnt SVCS of America LLC | Investment management | $544,999 | $0 |
| Intercontinental Real Estate Corp. | Investment management | $441,689 | $0 |
| William Blair Investment MGMT, LLC | Investment management | $412,525 | $0 |
| Segal | Actuarial | $347,311 | $0 |
| LSV Asset Management | Investment management | $298,230 | $0 |
| Loomis Sayles Trust Company | Investment management fees paid directly by plan | $245,066 | $0 |
| State Street Global Advisors Trust | Custodial (securities) | $218,564 | $0 |
| American Realty Advisors | Investment management | $205,870 | $0 |
| Boyd Watterson Asset Management LLC | Investment management | $203,312 | $0 |
| Legacy Professionals LLP | Accounting (including auditing); Recordkeeping and information management | $191,494 | $0 |
| Northern Trust Company | Custodial (securities) | $184,914 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. 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$4,654,151
- Other administrative expenses$776,691
- Salaries and allowances$566,178
- Actuarial fees$347,311
- Legal fees$144,474
- Trustee and custodial fees$114,316
- Recordkeeping fees$100,760
- IQPA audit fees$90,734
- Other trustee fees and expenses$15,656
- Total administrative expenses$6,810,271
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.
- Common/collective trusts$1.12B · 66.3%
- Partnership/joint venture interests$227M · 13.4%
- 103-12 investment entities$119M · 7.0%
- Registered investment companies (mutual funds)$105M · 6.2%
- Other investments$45.0M · 2.7%
- Pooled separate accounts$31.2M · 1.8%
- U.S. Government securities$14.2M · 0.8%
- Cash (interest and non-interest bearing)$11.6M · 0.7%
- Corporate debt instruments$10.5M · 0.6%
- Receivables$6.8M · 0.4%
- Buildings and other property used in plan operation$83K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmLegacy Professionals LLP
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)
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 Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Iron Workers' Mid-America Pension Plan | Board of Trustees of Iw Mid-America Pension Plan | 9,805 | $998M | $101,775 |
| Chicago Painters and Decorators Pension Fund | Board of Trustees of Chicago Painters and Decorators Pension FD | 6,443 | $1.20B | $186,866 |
| Neca-Ibew Pension Trust Fund | Neca-Ibew Pension Trust Fund | 12,974 | $1.59B | $122,367 |
| Sheet Metal Workers' Local 73 Pension Fund | Board of Trustees of the Sheet Metal Workers 73 Pension Fund | 5,310 | $784M | $147,716 |
| Ironworkers National Pension Plan | Ironworkers National Pension Plan Board of Trustees | 13,533 | $502M | $37,102 |
| Fox Valley and Vicinity Laborers Pension Fund | Board of Trustees of Fox Valley Laborers Pension Fund | 5,289 | $713M | $134,899 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Plumbers' Pension Fund, Local 130, U.A.?
9,502 participants at the end of the plan year ending 31 May 2025, of whom 3,098 were active employees, with net assets of $1,690,382,804. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Trustees of the Plumbers Pension Fund, Local 130, U.A. contribute per participant?
The filing reports $63,119,958 in employer contributions for the year, which is $20,374 per active participant; the median for plans of the same type and size was $9,468 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 $5,232,720 in compensation to service provider organisations, $551 per participant or 0.31% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $6,810,271. 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 Trustees of the Plumbers Pension Fund, Local 130, U.A.. Recordkeeping or administration: Legacy Professionals LLP. Investment advisory or management: Ullico Investment Advisors Inc., Natl Invstmnt SVCS of America LLC and Intercontinental Real Estate Corp.. Trustee or custodian: State Street Global Advisors Trust and Northern Trust Company. The financial statements were audited by Legacy Professionals LLP. 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 Jun 2024 to 31 May 2025, received by the Department of Labor on 4 Mar 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 36-6489579, plan 001, received 4 Mar 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.