Michigan › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Aug 2024 to 31 Jul 2025
Flint Plumb & Pipe Pension Fun
Sponsored by Trustees Flint Plumbing Pension Fun, 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.
In the plan year ending 31 Jul 2025, Flint Plumb & Pipe Pension Fun covered 961 participants and held $117M in net assets. The plan is a defined benefit pension plan sponsored by Trustees Flint Plumbing Pension Fun of Lansing, Michigan. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $121,234 per participant, well above the $86,583 median for defined benefit plans with 500 to 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 $9.5M for the year ($16,737 per active participant) and benefits paid were $6.3M. 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 8 service provider organisations paid $5,000 or more, with reported compensation of $290K: $301 per participant, well below the same-size median of $377. Administrative expenses charged to the plan were $374K. 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 $41.2M in 2009 to $117M in 2024 (up 183%), and participants from 637 to 961 (up 51%).
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 | $121,234 | $86,583 | $100,593 | $86,221 |
| Employer contributions per active participant | $16,737 | $10,758 | $13,292 | $10,244 |
| Schedule C compensation per participant | $301 | $377 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.25% | 0.48% | 0.46% | 0.42% |
| Administrative expenses per participant | $390 | $591 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 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 | 961 | $117M | $121,234 | $9.5M | — | $290K |
| 2023 | 891 | $103M | $115,807 | $9.5M | — | $241K |
| 2022 | 841 | $88.9M | $105,680 | $7.6M | — | $209K |
| 2021 | 750 | $83.6M | $111,471 | $6.7M | — | $247K |
| 2020 | 760 | $87.9M | $115,707 | $6.6M | — | $214K |
| 2019 | 691 | $70.6M | $102,123 | $5.9M | — | $218K |
| 2018 | 770 | $66.4M | $86,273 | $5.7M | — | $213K |
| 2017 | 715 | $62.5M | $87,368 | $5.8M | — | $263K |
| 2016 | 707 | $57.0M | $80,624 | $5.8M | — | $252K |
| 2015 | 704 | $51.5M | $73,205 | $5.0M | — | $271K |
| 2014 | 697 | $51.2M | $73,406 | $4.9M | — | $287K |
| 2013 | 642 | $50.5M | $78,707 | $3.7M | — | $336K |
| 2012 | 635 | $46.8M | $73,724 | $3.7M | — | $318K |
| 2011 | 626 | $44.0M | $70,246 | $4.2M | — | $305K |
| 2010 | 671 | $45.4M | $67,675 | $3.8M | — | $352K |
| 2009 | 637 | $41.2M | $64,650 | — | $3.6M | $308K |
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$103,184,147
- Employer contributions$9,456,527
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$9,456,527
- Total income, including investment results$19,968,100
- Benefits paid$6,272,210
- Administrative expenses$374,410
- Total expenses$6,646,620
- Net income$13,321,480
- Net transfers$0
- Net assets, end of year$116,505,627
Participants
- Active participants565
- Retired or separated, receiving benefits216
- Retired or separated, entitled to future benefits109
- Total participants, end of year961
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Tic Midwest | Accounting (including auditing); Claims processing; Contract Administrator; Copying and duplicating; Participant communication; Other services | $69,926 | $0 |
| Stategic Capital Advisors | Consulting (general); Investment advisory (plan) | $66,192 | $0 |
| National Investment Services | Investment management | $58,955 | $0 |
| Comerica Bank | Custodial (securities) | $42,764 | $0 |
| Untied Actuarial Services | Actuarial | $19,750 | $0 |
| Wrubel Wesley & Co. CPAS | Accounting (including auditing) | $13,350 | $0 |
| Fifth Third Bank | Copying and duplicating; Other services | $13,176 | $0 |
| United States Postal Service | Other services | $5,464 | $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$167,911
- Other administrative expenses$78,506
- Contract administrator fees$51,316
- Legal fees$21,576
- Actuarial fees$19,750
- Recordkeeping fees$16,810
- IQPA audit fees$13,350
- Other trustee fees and expenses$5,191
- Total administrative expenses$374,410
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)$85.2M · 73.0%
- Partnership/joint venture interests$24.8M · 21.2%
- Common/collective trusts$4.4M · 3.7%
- Cash (interest and non-interest bearing)$1.4M · 1.2%
- Receivables$959K · 0.8%
- Buildings and other property used in plan operation$16K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWesley Haddad & Company LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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 Trustees Flint Plumbing Pension Fun
| Plan | Participants | Net assets |
|---|---|---|
| Flint Plumbing Defined Contribution Fund | 618 | $26.1M |
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| 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 |
| Toledo Area Sheet Metal Workers Pension Plan and Trust | Toledo Area Sheet Metal Workers Pension Plan Joint Board of Trustee | 875 | $49.3M | $56,355 |
| 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 |
| Sheet Metal Workers Local 7, Zone 2 Pension Plan | Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension | 812 | $121M | $149,403 |
| United Assn of Journeymen Plumbers & Pipefitters Local 357 Pension Plan | Board of Trustees of the Kalamazoo Plumbers & Pipefitters 357 Pension | 1,175 | $206M | $175,029 |
| Sheet Metal Workers Local 224 Pension Fund | Sheet Metal Workers Local 224 Pension Fund BD of Trustees | 795 | $76.1M | $95,680 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Flint Plumb & Pipe Pension Fun?
961 participants at the end of the plan year ending 31 Jul 2025, of whom 565 were active employees, with net assets of $116,505,627. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Trustees Flint Plumbing Pension Fun contribute per participant?
The filing reports $9,456,527 in employer contributions for the year, which is $16,737 per active participant; the median for plans of the same type and size was $10,758 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 $289,577 in compensation to service provider organisations, $301 per participant or 0.25% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $374,410. 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 Flint Plumbing Pension Fun. Recordkeeping or administration: Tic Midwest. Investment advisory or management: Stategic Capital Advisors and National Investment Services. Trustee or custodian: Comerica Bank. The financial statements were audited by Wesley Haddad & Company 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 Aug 2024 to 31 Jul 2025, received by the Department of Labor on 12 May 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 38-6254230, plan 001, received 12 May 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.