Michigan › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
West Michigan Plumbers Fitters & Service Trades Local Union No 174 401(k) Retirement Savings Plan
Sponsored by Board of Trustees West Mi Plumbers Local Union No 174 401(k) Plan, Troy, 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.
West Michigan Plumbers Fitters & Service Trades Local Union No 174 401(k) Retirement Savings Plan is a 401(k) plan sponsored by Board of Trustees West Mi Plumbers Local Union No 174 401(k) Plan of Troy, Michigan. For the plan year ending 30 Jun 2025 it reported 979 participants, 687 of them active, and net assets of $54.0M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $55,129 per participant, above the $46,267 median for defined contribution plans with 500 to 999 participants and close to 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 $2.1M during the year, or $3,086 per active participant against a same-size median of $1,934; participants contributed $701K. Benefits paid out totalled $4.0M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $131K: $134 per participant, above the same-size median of $113. Administrative expenses charged to the plan were $212K. 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 $20.6M in 2010 to $54.0M in 2024 (up 162%), and participants from 1,376 to 979 (down 29%).
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 | $55,129 | $46,267 | $54,962 | $53,102 |
| Employer contributions per active participant | $3,086 | $1,934 | $2,728 | $2,175 |
| Schedule C compensation per participant | $134 | $113 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.24% | 0.25% | 0.33% | 0.26% |
| Administrative expenses per participant | $217 | $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 | 979 | $54.0M | $55,129 | $2.1M | $701K | $131K |
| 2023 | 966 | $48.9M | $50,576 | $2.1M | $606K | $143K |
| 2022 | 941 | $42.5M | $45,152 | $2.0M | $693K | $317K |
| 2021 | 916 | $38.1M | $41,619 | $1.8M | $422K | $115K |
| 2020 | 917 | $45.0M | $49,027 | $1.8M | $451K | $118K |
| 2019 | 932 | $35.2M | $37,794 | $1.9M | $353K | $108K |
| 2018 | 945 | $34.3M | $36,338 | $1.8M | $478K | $161K |
| 2017 | 1,002 | $32.9M | $32,837 | $1.9M | $262K | $165K |
| 2016 | 1,224 | $30.7M | $25,080 | $2.1M | $223K | $197K |
| 2015 | 1,148 | $26.5M | $23,045 | $2.1M | $153K | $209K |
| 2014 | 1,446 | $25.9M | $17,882 | $1.9M | $133K | $179K |
| 2013 | 1,377 | $23.9M | $17,383 | $1.7M | $96K | $150K |
| 2012 | 1,359 | $21.3M | $15,654 | $1.7M | $69K | $210K |
| 2011 | 1,349 | $20.2M | $14,996 | $1.6M | $68K | $276K |
| 2010 | 1,376 | $20.6M | $14,949 | $1.5M | $70K | $223K |
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$48,856,006
- Employer contributions$2,120,164
- Participant contributions$700,880
- Rollovers and other contributions—
- Total contributions$2,821,044
- Total income, including investment results$9,377,305
- Benefits paid$4,049,954
- Administrative expenses$212,187
- Total expenses$4,262,141
- Net income$5,115,164
- Net transfers$0
- Net assets, end of year$53,971,170
Participants
- Active participants687
- Retired or separated, receiving benefits36
- Retired or separated, entitled to future benefits256
- Participants with account balances979
- Total participants, end of year979
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Solxsys Administrative Solutions | Contract Administrator | $43,036 | $0 |
| Novara Law Group PLLC | Legal | $39,997 | $0 |
| Marquette Associates | Consulting (general) | $16,105 | $0 |
| Macqueen & Associates LLC | Insurance agents and brokers; Insurance services | $13,793 | $1,784 |
| Bultynck & Co., P.L.L.C. | Accounting (including auditing) | $11,500 | $0 |
| Milliman, Inc. | Consulting (general) | $5,000 | $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$93,644
- Contract administrator fees$42,840
- Legal fees$39,318
- Other administrative expenses$15,892
- IQPA audit fees$14,950
- Actuarial fees$5,000
- Trustee and custodial fees$543
- Total administrative expenses$212,187
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)$52.8M · 97.8%
- Cash (interest and non-interest bearing)$644K · 1.2%
- Receivables$526K · 1.0%
- Other investments$7,595 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBultynck & Co., P.L.L.C.
- 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
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2TTotal or partial participant-directed account plan with a default investment account
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 Board of Trustees West Mi Plumbers Local Union No 174 401(k) Plan
| Plan | Participants | Net assets |
|---|---|---|
| West Mi Plumbers Fitters & Service Trades Local Union No 174 Pension Plan | 1,609 | $272M |
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Christman Company Profit Sharing Retirement Plan | The Christman Company | 1,083 | $163M | $150,752 |
| Cci Systems, Inc. Employee Stock Ownership Plan | Cci Systems, Inc. | 976 | $136M | $138,994 |
| Heat and Frost Insulators Defined Contribution | Intl Assoc Heat and Frost Insulator | 1,197 | $36.1M | $30,184 |
| MPS Group 401(k) Savings Plan | MPS Group, Inc. | 946 | $25.6M | $27,030 |
| Pipefitters Local No 636 Retiree & Widow Benefit Fund | Joint Board of Trustees Pipefitter 636 Retiree & Widow Benefit Fund | 1,231 | $440K | $357 |
| The Christman Employee Stock Ownership Plan | The Christman Company | 920 | $104M | $112,678 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is West Michigan Plumbers Fitters & Service Trades Local Union No 174 401(k) Retirement Savings Plan?
979 participants at the end of the plan year ending 30 Jun 2025, of whom 687 were active employees, with net assets of $53,971,170. 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 Board of Trustees West Mi Plumbers Local Union No 174 401(k) Plan contribute per participant?
The filing reports $2,120,164 in employer contributions for the year, which is $3,086 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 $131,215 in compensation to service provider organisations, $134 per participant or 0.24% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $212,187. 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 West Mi Plumbers Local Union No 174 401(k) Plan. Recordkeeping or administration: Solxsys Administrative Solutions. The financial statements were audited by Bultynck & Co., P.L.L.C.. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 4 Apr 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 38-1796240, plan 002, received 4 Apr 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.