Indiana › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
U.A. Plumbers 63 & Steamfitters 353 Joint Pension
Sponsored by Trustees U.A. Plumbers 63 & Steamfitters 353 Pen Trustfund, Indianapolis, IN
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, U.A. Plumbers 63 & Steamfitters 353 Joint Pension covered 1,279 participants and held $152M in net assets. The plan is a defined benefit pension plan sponsored by Trustees U.A. Plumbers 63 & Steamfitters 353 Pen Trustfund of Indianapolis, Indiana. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $119,026 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and 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 $9.6M for the year ($18,842 per active participant) and benefits paid were $14.3M. 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 5 service provider organisations paid $5,000 or more, with reported compensation of $303K: $237 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $454K. 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 $103M in 2009 to $152M in 2024 (up 48%), and participants from 1,164 to 1,279 (up 10%).
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 | $119,026 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $18,842 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $237 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.20% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $355 | $513 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 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 | 1,279 | $152M | $119,026 | $9.6M | — | $303K |
| 2023 | 1,261 | $145M | $114,730 | $9.6M | — | $319K |
| 2022 | 1,237 | $138M | $111,804 | $9.3M | — | $292K |
| 2021 | 1,219 | $143M | $117,586 | $8.9M | — | $332K |
| 2020 | 1,213 | $152M | $125,636 | $8.1M | — | $329K |
| 2019 | 1,199 | $122M | $101,741 | $7.3M | — | $378K |
| 2018 | 1,201 | $134M | $111,593 | $7.5M | — | $414K |
| 2017 | 1,214 | $136M | $111,686 | $7.0M | — | $420K |
| 2016 | 1,232 | $131M | $106,696 | $6.9M | — | $440K |
| 2015 | 1,226 | $124M | $100,816 | $6.9M | — | $400K |
| 2014 | 1,233 | $131M | $105,936 | $6.8M | — | $397K |
| 2013 | 1,210 | $127M | $105,160 | $5.8M | — | $406K |
| 2012 | 1,222 | $118M | $96,352 | $6.6M | — | $450K |
| 2011 | 1,217 | $109M | $89,624 | $6.2M | — | $531K |
| 2010 | 1,183 | $112M | $94,608 | $5.1M | — | $572K |
| 2009 | 1,164 | $103M | $88,578 | $4.9M | — | $657K |
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$144,674,284
- Employer contributions$9,609,417
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$9,609,417
- Total income, including investment results$22,326,847
- Benefits paid$14,313,815
- Administrative expenses$453,650
- Total expenses$14,767,465
- Net income$7,559,382
- Net transfers$0
- Net assets, end of year$152,233,666
Participants
- Active participants510
- Retired or separated, receiving benefits475
- Retired or separated, entitled to future benefits169
- Total participants, end of year1,279
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Morgan Stanley Smith Barney | Investment advisory (plan) | $115,171 | $0 |
| Healthscope Benefits, Inc. | Plan Administrator | $81,978 | $0 |
| The Segal Company (Midwest), Inc. | Consulting (pension); Actuarial | $61,141 | $0 |
| National Investment Services | Investment management | $26,328 | $0 |
| Romolo & Associates LLC | Accounting (including auditing) | $18,715 | $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$141,498
- Contract administrator fees$95,308
- Other administrative expenses$81,243
- Actuarial fees$61,141
- Legal fees$25,295
- IQPA audit fees$22,280
- Recordkeeping fees$18,715
- Trustee and custodial fees$4,394
- Other trustee fees and expenses$3,776
- Total administrative expenses$453,650
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)$104M · 68.4%
- Other investments$16.6M · 10.9%
- Partnership/joint venture interests$14.0M · 9.2%
- Common/collective trusts$11.6M · 7.6%
- Cash (interest and non-interest bearing)$3.8M · 2.5%
- Receivables$1.1M · 0.7%
- Insurance company general account$954K · 0.6%
- Buildings and other property used in plan operation$14K · 0.0%
- Corporate debt instruments$231 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group, PLLC
- 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 Indiana
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Plumbers & Steamfitters Local 166 AFL-CIO Pension Plan | Plumbers and Steamfitters Local 166 | 1,324 | $95.0M | $71,740 |
| IBEW Local 531 & Neca Pension Plan | Trustees of IBEW Local 531 & Neca Pension Plan | 1,141 | $137M | $119,745 |
| Local 697 I.B.E.W. and Electrical Industry Pension Plan | Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund | 1,796 | $245M | $136,361 |
| East Central Illinois Pipe Trades Pension Fund | East Central Illinois Pipe Trades Pension Fund | 857 | $103M | $120,638 |
| Sheet Metal Workers Local No. 20, Indianapolis Are | Sheet Metal Workers Local No. 20, Indianapolis Area, Pension Fund | 2,126 | $212M | $99,526 |
| Bricklayers Union Local No. 6 of Indiana Pension F | Board of Trustees Bricklayers Union Local No. 6 of Indiana Pension Fun | 686 | $99.7M | $145,312 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is U.A. Plumbers 63 & Steamfitters 353 Joint Pension?
1,279 participants at the end of the plan year ending 30 Apr 2025, of whom 510 were active employees, with net assets of $152,233,666. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Trustees U.A. Plumbers 63 & Steamfitters 353 Pen Trustfund contribute per participant?
The filing reports $9,609,417 in employer contributions for the year, which is $18,842 per active participant; the median for plans of the same type and size was $10,593 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 $303,333 in compensation to service provider organisations, $237 per participant or 0.20% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $453,650. 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 U.A. Plumbers 63 & Steamfitters 353 Pen Trustfund. Recordkeeping or administration: Healthscope Benefits, Inc.. Investment advisory or management: Morgan Stanley Smith Barney and National Investment Services. The financial statements were audited by Calibre CPA Group, PLLC. 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 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 37-6118084, 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.