Michigan › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
United Assn of Journeymen Plumbers & Pipefitters Local 357 Pension Plan
Sponsored by Board of Trustees of the Kalamazoo Plumbers & Pipefitters 357 Pension, 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.
United Assn of Journeymen Plumbers & Pipefitters Local 357 Pension Plan is a defined benefit pension plan sponsored by Board of Trustees of the Kalamazoo Plumbers & Pipefitters 357 Pension of Troy, Michigan. For the plan year ending 30 Jun 2025 it reported 1,175 participants, 638 of them active, and net assets of $206M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $175,029 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 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 $14.1M for the year ($22,086 per active participant) and benefits paid were $10.3M. 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 13 service provider organisations paid $5,000 or more, with reported compensation of $516K: $439 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $659K. 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 $69.3M in 2009 to $206M in 2024 (up 197%), and participants from 675 to 1,175 (up 74%).
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 | $175,029 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $22,086 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $439 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.25% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $561 | $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 | 1,175 | $206M | $175,029 | $14.1M | — | $516K |
| 2023 | 1,166 | $182M | $155,744 | $12.7M | — | $492K |
| 2022 | 1,083 | $160M | $147,405 | $11.5M | — | $435K |
| 2021 | 1,030 | $144M | $140,148 | $11.0M | — | $497K |
| 2020 | 1,025 | $161M | $157,265 | $10.7M | — | $369K |
| 2019 | 953 | $125M | $130,668 | $9.1M | — | $360K |
| 2018 | 899 | $117M | $130,428 | $8.8M | — | $388K |
| 2017 | 881 | $108M | $122,485 | $7.3M | — | $158K |
| 2016 | 856 | $99.1M | $115,743 | $8.2M | — | $278K |
| 2015 | 797 | $90.4M | $113,481 | $8.0M | — | $272K |
| 2014 | 782 | $92.7M | $118,522 | $7.5M | — | $150K |
| 2013 | 751 | $90.9M | $121,048 | $7.3M | — | $339K |
| 2012 | 769 | $84.8M | $110,212 | $6.9M | — | $388K |
| 2011 | 688 | $79.6M | $115,756 | $7.2M | — | $430K |
| 2010 | 687 | $77.4M | $112,718 | $5.9M | — | $407K |
| 2009 | 675 | $69.3M | $102,652 | $4.8M | — | $399K |
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$181,597,068
- Employer contributions$14,090,914
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$14,090,914
- Total income, including investment results$34,976,361
- Benefits paid$10,255,362
- Administrative expenses$659,046
- Total expenses$10,914,408
- Net income$24,061,953
- Net transfers$0
- Net assets, end of year$205,659,021
Participants
- Active participants638
- Retired or separated, receiving benefits319
- Retired or separated, entitled to future benefits139
- Total participants, end of year1,175
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Solxsys Administrative Solutions | Plan Administrator | $84,924 | $0 |
| Novara Law Group, PLLC | Legal | $75,330 | $0 |
| Morgan Stanley Smith Barney LLC | Direct payment from the plan; Consulting fees; Other investment fees and expenses | $72,500 | $0 |
| National Investment Services | Custodial (other than securities); Investment advisory (plan); Investment management; Securities brokerage | $64,596 | $0 |
| Ancora Advisors | Custodial (securities); Investment advisory (plan); Investment management; Securities brokerage | $64,502 | $0 |
| United Actuarial Services, Inc. | Actuarial; Consulting (pension) | $58,950 | $0 |
| Segal Select Insurance Services | Claims processing; Insurance agents and brokers; Insurance services | $25,160 | $0 |
| Bultynck & Co., PLLC | Accounting (including auditing) | $19,875 | $0 |
| Comerica Bank | Custodial (securities); Trustee (bank, trust company, or similar financial institution); Other services | $13,748 | $885 |
| American Graphics Printing Co. | Copying and duplicating | $11,361 | $0 |
| Tic International Corporation | Accounting (including auditing); Contract Administrator; Plan Administrator; Recordkeeping and information management; Copying and duplicating | $10,173 | $0 |
| Westend Advisors | Custodial (securities); Investment advisory (plan); Investment management; Named fiduciary; Securities brokerage | $8,361 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 1 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$297,484
- Other administrative expenses$114,970
- Contract administrator fees$84,098
- Legal fees$71,997
- Actuarial fees$59,450
- IQPA audit fees$31,047
- Total administrative expenses$659,046
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)$158M · 76.4%
- Common/collective trusts$32.1M · 15.5%
- Corporate stocks$6.8M · 3.3%
- Cash (interest and non-interest bearing)$3.5M · 1.7%
- Partnership/joint venture interests$3.4M · 1.7%
- Receivables$2.2M · 1.1%
- Other investments$726K · 0.4%
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
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 Board of Trustees of the Kalamazoo Plumbers & Pipefitters 357 Pension
| Plan | Participants | Net assets |
|---|---|---|
| Kalamazoo Plumbers & Pipefitters Local 357 401(k) Plan | 549 | $30.8M |
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Cement Masons Pension Trust Fund - Detroit and Vicinity | Joint Board of Trustees Cement Masons Pension Trust Fund-Detroit | 1,185 | $108M | $91,010 |
| Bricklayers Local No. 1 of Ky. Pension Trust Fund | Joint Board of Trustees Bricklayer Union No. 1 of Ky. Pension Trust | 1,164 | $23.7M | $20,403 |
| Operative Plasterers and Cement Masons Local No. 109 Pension Plan | Plasterers & Cement Masons Local No. 109 Pension Plan | 1,466 | $127M | $86,545 |
| Sheet Metal Workers Local NO.20 Gary Area Pension | Trustees of Sheet Metal Workers Local 20 Gary Area Pension Fund | 1,063 | $112M | $105,738 |
| International Brotherhood of Electrical Workers Local Union No. 252 Pension Plan | IBEW Local Union No. 252 Pension Plan Joint Board of Trustees | 1,505 | $254M | $168,806 |
| Flint Plumb & Pipe Pension Fun | Trustees Flint Plumbing Pension Fun | 961 | $117M | $121,234 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is United Assn of Journeymen Plumbers & Pipefitters Local 357 Pension Plan?
1,175 participants at the end of the plan year ending 30 Jun 2025, of whom 638 were active employees, with net assets of $205,659,021. 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 Board of Trustees of the Kalamazoo Plumbers & Pipefitters 357 Pension contribute per participant?
The filing reports $14,090,914 in employer contributions for the year, which is $22,086 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 $515,603 in compensation to service provider organisations, $439 per participant or 0.25% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $659,046. 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 the Kalamazoo Plumbers & Pipefitters 357 Pension. Recordkeeping or administration: Solxsys Administrative Solutions and Tic International Corporation. Investment advisory or management: National Investment Services, Ancora Advisors and Westend Advisors. Trustee or custodian: National Investment Services, Ancora Advisors and Comerica Bank. 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 13 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 38-6152409, plan 001, received 13 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.