Illinois › Construction › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Steamfitters Local 439 Pension Plan
Sponsored by Steamfitters Local 439, Caseyville, 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 Dec 2024, Steamfitters Local 439 Pension Plan covered 287 participants and held $54.1M in net assets. The plan is a defined benefit pension plan sponsored by Steamfitters Local 439 of Caseyville, Illinois. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $188,532 per participant, well above the $87,254 median for defined benefit plans with 250 to 499 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 $1.6M for the year ($12,842 per active participant) and benefits paid were $3.0M. 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 4 service provider organisations paid $5,000 or more, with reported compensation of $149K: $518 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $300K. 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 $20.3M in 2009 to $54.1M in 2024 (up 167%), and participants from 274 to 287 (up 5%).
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 | $188,532 | $87,254 | $100,593 | $86,221 |
| Employer contributions per active participant | $12,842 | $11,032 | $13,292 | $10,244 |
| Schedule C compensation per participant | $518 | $413 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.28% | 0.51% | 0.46% | 0.42% |
| Administrative expenses per participant | $1,044 | $596 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 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 | 287 | $54.1M | $188,533 | $1.6M | — | $149K |
| 2023 | 283 | $47.1M | $166,523 | $1.7M | — | $202K |
| 2022 | 279 | $41.2M | $147,692 | $1.4M | — | $207K |
| 2021 | 263 | $49.9M | $189,730 | $1.5M | — | $194K |
| 2020 | 259 | $43.3M | $167,093 | $1.2M | — | $207K |
| 2019 | 257 | $38.4M | $149,230 | $1.2M | — | $176K |
| 2018 | 252 | $33.0M | $130,778 | $1.3M | — | $184K |
| 2017 | 249 | $35.3M | $141,586 | $953K | — | $164K |
| 2016 | 260 | $31.7M | $122,108 | $1.2M | — | $150K |
| 2015 | 256 | $30.3M | $118,336 | $1.1M | — | $145K |
| 2014 | 255 | $30.8M | $120,882 | $1.3M | — | $152K |
| 2013 | 251 | $28.6M | $113,873 | $1.0M | — | $135K |
| 2012 | 254 | $24.5M | $96,413 | $1.1M | — | $132K |
| 2011 | 263 | $22.7M | $86,430 | $1.6M | — | $122K |
| 2010 | 266 | $22.3M | $83,654 | $1.3M | — | $99K |
| 2009 | 274 | $20.3M | $73,974 | $1.8M | — | $104K |
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$47,125,623
- Employer contributions$1,566,713
- Participant contributions—
- Rollovers and other contributions$2,486
- Total contributions$1,569,199
- Total income, including investment results$10,262,970
- Benefits paid$2,980,224
- Administrative expenses$299,698
- Total expenses$3,279,922
- Net income$6,983,048
- Net transfers$0
- Net assets, end of year$54,108,671
Participants
- Active participants122
- Retired or separated, receiving benefits84
- Retired or separated, entitled to future benefits50
- Total participants, end of year287
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Ziegler Capital Management | Investment management | $61,911 | $0 |
| US Bank | Custodial (securities) | $31,991 | $0 |
| Ekon Benefits | Actuarial; Recordkeeping and information management; Consulting (pension) | $30,600 | $0 |
| Anders Minkler Huber & Helm LLP | Accounting (including auditing) | $24,200 | $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$201,902
- Other administrative expenses$24,913
- IQPA audit fees$24,200
- Salaries and allowances$21,301
- Actuarial fees$14,165
- Recordkeeping fees$8,785
- Legal fees$4,432
- Total administrative expenses$299,698
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.
- Corporate stocks$30.8M · 56.7%
- Registered investment companies (mutual funds)$9.2M · 17.0%
- U.S. Government securities$6.6M · 12.2%
- Corporate debt instruments$4.8M · 8.9%
- Common/collective trusts$1.5M · 2.8%
- Cash (interest and non-interest bearing)$1.0M · 1.9%
- Receivables$256K · 0.5%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmAnders Minkler Huber & Helm LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the year—
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.
Other plans of Steamfitters Local 439
| Plan | Participants | Net assets |
|---|---|---|
| Steamfitters Local 439 Supplemental Retirement Trust | 189 | $41.8M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Machinery Movers, Riggers & Mach. Erect. Local 136 Supplemental Retirement Plan | Trstees Mach Mvrs,riggers&mach Erec Local 136 Supplemental Retire. Pla | 370 | $68.1M | $184,103 |
| Peoria Chapter of Bricklayers Local No. 6 Pension Plan and Trust | Peoria Chapter of the Local No. 6 of Il Intl Union of Bricklayers | 272 | $16.6M | $61,083 |
| Plumbers & Fitters Local 101 Restated Pension Plan | Board of Trustees of Plumbers & Fitters Local 101 Pension Plan | 407 | $88.5M | $217,338 |
| Plumbers Local 360 Pension Plan | United Association of Plumbers Local 360 | 262 | $32.2M | $122,866 |
| Local 99 Pension Plan | Board of Trustees Local 99 Pension Plan | 432 | $57.3M | $132,616 |
| Local 81 Int'l Assoc of Heat & Frost Insulators & Allied Workers Pension Plan | Board of Trustees of the Insulators and Allied Workers Local 81 Pensio | 232 | $22.4M | $96,479 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Steamfitters Local 439 Pension Plan?
287 participants at the end of the plan year ending 31 Dec 2024, of whom 122 were active employees, with net assets of $54,108,671. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Steamfitters Local 439 contribute per participant?
The filing reports $1,566,713 in employer contributions for the year, which is $12,842 per active participant; the median for plans of the same type and size was $11,032 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 $148,702 in compensation to service provider organisations, $518 per participant or 0.28% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $299,698. 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 Steamfitters Local 439. Recordkeeping or administration: Ekon Benefits. Investment advisory or management: Ziegler Capital Management. Trustee or custodian: US Bank. The financial statements were audited by Anders Minkler Huber & Helm 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 14 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 37-1186815, plan 001, received 14 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.