Michigan › Construction › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
United Union of Roofers, Waterproofers & Allied Workers Local #112 Money Purchase Pension Plan
Sponsored by Board of Trustees of Roofers Local #112 Money Purchase Pension Plan, Lansing, 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.
Board of Trustees of Roofers Local #112 Money Purchase Pension Plan of Lansing, Michigan sponsors United Union of Roofers, Waterproofers & Allied Workers Local #112 Money Purchase Pension Plan, a money purchase plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 146 participants (108 active) and $17.9M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $122,282 per participant, well above the $60,185 median for defined contribution plans with 100 to 249 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 $1.5M during the year, or $14,117 per active participant against a same-size median of $2,447; participants contributed —. Benefits paid out totalled $1.3M.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $131K: $899 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $161K. 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 $6.0M in 2009 to $17.9M in 2024 (up 198%), and participants from 109 to 146 (up 34%).
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 | $122,282 | $60,185 | $54,962 | $53,102 |
| Employer contributions per active participant | $14,117 | $2,447 | $2,728 | $2,175 |
| Schedule C compensation per participant | $899 | $194 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.73% | 0.32% | 0.33% | 0.26% |
| Administrative expenses per participant | $1,104 | $176 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 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 | 146 | $17.9M | $122,281 | $1.5M | — | $131K |
| 2023 | 163 | $15.9M | $97,491 | $1.4M | — | $77K |
| 2022 | 162 | $12.9M | $79,870 | $1.2M | — | $65K |
| 2021 | 140 | $16.2M | $115,971 | $1.0M | — | $78K |
| 2020 | 132 | $14.1M | $106,652 | $1.0M | — | $60K |
| 2019 | 132 | $12.3M | $93,432 | $1.0M | — | $60K |
| 2018 | 124 | $10.0M | $80,331 | $847K | — | $57K |
| 2017 | 141 | $11.3M | $80,447 | $851K | — | $55K |
| 2016 | 141 | $10.2M | $72,213 | $687K | — | $53K |
| 2015 | 133 | $9.9M | $74,256 | $739K | — | $51K |
| 2014 | 137 | $10.0M | $72,693 | $734K | — | $47K |
| 2013 | 144 | $9.4M | $65,361 | $635K | — | $46K |
| 2012 | 128 | $8.0M | $62,266 | $691K | — | $43K |
| 2011 | 113 | $6.8M | $60,274 | $541K | — | $38K |
| 2010 | 102 | $6.4M | $62,853 | $442K | — | $19K |
| 2009 | 109 | $6.0M | $55,055 | $387K | — | $16K |
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$15,891,035
- Employer contributions$1,524,600
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$1,524,600
- Total income, including investment results$3,415,908
- Benefits paid$1,292,638
- Administrative expenses$161,166
- Total expenses$1,453,804
- Net income$1,962,104
- Net transfers$0
- Net assets, end of year$17,853,139
Participants
- Active participants108
- Retired or separated, receiving benefits2
- Retired or separated, entitled to future benefits36
- Participants with account balances142
- Total participants, end of year146
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Marquette & Associates Inc. | Investment advisory (plan) | $57,500 | $0 |
| U.S. Bancorp Asset Management | Investment advisory (plan); Custodial (securities) | $45,605 | $0 |
| Tic International Corporation | Contract Administrator | $16,500 | $0 |
| Romolo & Associates, LLC | Accounting (including auditing) | $11,671 | $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$103,105
- Contract administrator fees$16,500
- Legal fees$14,038
- Other administrative expenses$11,876
- IQPA audit fees$10,000
- Other trustee fees and expenses$3,476
- Recordkeeping fees$1,671
- Actuarial fees$500
- Total administrative expenses$161,166
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)$16.4M · 91.9%
- Cash (interest and non-interest bearing)$1.2M · 6.8%
- Receivables$229K · 1.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmRomolo & 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
2CMoney purchase (other than target benefit) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238100: Foundation, Structure, & Building Exterior Contractors (including framing carpentry, masonry, glass, roofing, & siding).
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| J Ranck Electric, Inc. Employees' Profit Sharing Plan | J Ranck Electric, Inc. | 150 | $22.7M | $151,457 |
| Andy J. Egan Company Inc. Employees 401(k) Profit Sharing Plan | Andy J. Egan Company, Inc. | 142 | $21.8M | $153,785 |
| Goyette Mechanical Co. Retirement and Savings Plan | Goyette Mechanical Co. | 151 | $23.6M | $156,113 |
| Ritsema Associates Employee Stock Ownership Plan | The Herb Ritsema Co. DBA Ritsema Associates | 140 | — | — |
| Allied Electric, Inc. 401(k) Savings and Retirement Plan | Allied Electric, Inc. | 155 | $15.9M | $102,781 |
| Ajax Paving Industries, Inc. 401(k) Plan | Ajax Paving Industries, Inc. | 140 | $48.0M | $342,994 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is United Union of Roofers, Waterproofers & Allied Workers Local #112 Money Purchase Pension Plan?
146 participants at the end of the plan year ending 31 Dec 2024, of whom 108 were active employees, with net assets of $17,853,139. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Board of Trustees of Roofers Local #112 Money Purchase Pension Plan contribute per participant?
The filing reports $1,524,600 in employer contributions for the year, which is $14,117 per active participant; the median for plans of the same type and size was $2,447 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 $131,276 in compensation to service provider organisations, $899 per participant or 0.73% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $161,166. 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 Board of Trustees of Roofers Local #112 Money Purchase Pension Plan. Recordkeeping or administration: Tic International Corporation. Investment advisory or management: Marquette & Associates Inc. and U.S. Bancorp Asset Management. Trustee or custodian: U.S. Bancorp Asset Management. The financial statements were audited by Romolo & 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 9 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 37-6047559, plan 001, received 9 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.