Michigan › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Aug 2024 to 31 Jul 2025
Flint Plumbing Defined Contribution Fund
Sponsored by Trustees Flint Defined Contrib Fund, 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 Plumbing Defined Contribution Fund covered 618 participants and held $26.1M in net assets. The plan is a 401(k) plan sponsored by Trustees Flint Defined Contrib Fund of Lansing, Michigan. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $42,253 per participant, below the $46,267 median for defined contribution plans with 500 to 999 participants and well below 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 $101K during the year, or $170 per active participant against a same-size median of $1,934; participants contributed $2.0M and $8,819 arrived as rollovers and other contributions. Benefits paid out totalled $1.2M.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $123K: $199 per participant, well above the same-size median of $113. Administrative expenses charged to the plan were $160K. 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 $4.9M in 2009 to $26.1M in 2024 (up 438%), and participants from 383 to 618 (up 61%).
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 | $42,253 | $46,267 | $54,962 | $53,102 |
| Employer contributions per active participant | $170 | $1,934 | $2,728 | $2,175 |
| Schedule C compensation per participant | $199 | $113 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.47% | 0.25% | 0.33% | 0.26% |
| Administrative expenses per participant | $258 | $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 | 618 | $26.1M | $42,254 | $101K | $2.0M | $123K |
| 2023 | 590 | $23.0M | $38,947 | $4,000 | $1.7M | $111K |
| 2022 | 526 | $19.4M | $36,970 | $177K | $1.2M | $87K |
| 2021 | 503 | $17.4M | $34,664 | $215K | $1.1M | $103K |
| 2020 | 468 | $18.3M | $39,141 | — | $187K | $96K |
| 2019 | 445 | $14.0M | $31,400 | $176K | $858K | $102K |
| 2018 | 422 | $12.4M | $29,386 | $204K | $823K | $110K |
| 2017 | 412 | $11.8M | $28,524 | $225K | $675K | $101K |
| 2016 | 394 | $10.2M | $26,008 | $205K | $601K | $88K |
| 2015 | 424 | $9.0M | $21,290 | $422K | $518K | $91K |
| 2014 | 334 | $7.9M | $23,647 | — | $491K | $91K |
| 2013 | 323 | $7.3M | $22,740 | $1,000 | $403K | $147K |
| 2012 | 328 | $6.5M | $19,808 | — | $330K | $129K |
| 2011 | 352 | $5.9M | $16,847 | — | $375K | $111K |
| 2010 | 362 | $5.4M | $14,986 | — | $267K | $140K |
| 2009 | 383 | $4.9M | $12,684 | — | $233K | $70K |
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$22,978,724
- Employer contributions$100,885
- Participant contributions$2,023,276
- Rollovers and other contributions$8,819
- Total contributions$2,132,980
- Total income, including investment results$4,693,213
- Benefits paid$1,242,950
- Administrative expenses$159,735
- Total expenses$1,559,397
- Net income$3,133,816
- Net transfers$0
- Net assets, end of year$26,112,540
Participants
- Active participants594
- Retired or separated, receiving benefits3
- Retired or separated, entitled to future benefits16
- Participants with account balances618
- Total participants, end of year618
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Transamerica Retirement Solutions | Claims processing; Recordkeeping and information management; Investment management; Participant loan processing; Participant communication; Accounting (including auditing); Contract Administrator; Copying and duplicating; Other services | $103,143 | $0 |
| Merrill Lynch | Investment advisory (plan); Investment management | $20,000 | $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$94,888
- Contract administrator fees$24,432
- Legal fees$22,004
- Other administrative expenses$11,761
- IQPA audit fees$6,650
- Total administrative expenses$159,735
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.
- Master trust investment accounts$24.9M · 95.3%
- Cash (interest and non-interest bearing)$719K · 2.8%
- Receivables$181K · 0.7%
- Common/collective trusts$172K · 0.7%
- Participant loans$137K · 0.5%
- Employer real property$18K · 0.1%
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 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
2GTotal participant-directed account plan2JCode section 401(k) feature2EProfit-sharing plan
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 Defined Contrib Fund
| Plan | Participants | Net assets |
|---|---|---|
| Flint Plumb & Pipe Pension Fun | 961 | $117M |
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Total Fire Protection, Inc. 401(k) Retirement Plan | Total Fire Protection, Inc. | 619 | $17.5M | $28,225 |
| Lee Contracting, Inc. 401(k) Profit Sharing Plan | Lee Contracting, Inc. | 610 | $25.3M | $41,395 |
| Lee Contracting, Inc. Employee Stock Ownership Plan | Lee Contracting, Inc. | 638 | $246M | $384,947 |
| Mersino Dewatering, LLC 401(k) Plan | Mersino Dewatering, LLC | 605 | $16.6M | $27,409 |
| Plumbers & Pipefitters U.A. Local 85 Retirement and 401(k) Fund | Joint Board of Trustees Plumbers & Pipefitters Local 85 Retirement | 693 | $11.7M | $16,850 |
| Utility Workers Union of America Deferred Compens Plan | Board of Trustees of the Uw of a Deferred Compensation Plan | 594 | $100M | $168,960 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Flint Plumbing Defined Contribution Fund?
618 participants at the end of the plan year ending 31 Jul 2025, of whom 594 were active employees, with net assets of $26,112,540. 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 Trustees Flint Defined Contrib Fund contribute per participant?
The filing reports $100,885 in employer contributions for the year, which is $170 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 $123,143 in compensation to service provider organisations, $199 per participant or 0.47% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $159,735. 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 Defined Contrib Fund. Recordkeeping or administration: Transamerica Retirement Solutions. Investment advisory or management: Transamerica Retirement Solutions and Merrill Lynch. 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 14 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 002, received 14 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.