Michigan › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
International Brotherhood of Electrical Workers Local Union No. 252 Pension Plan
Sponsored by IBEW Local Union No. 252 Pension Plan Joint Board of Trustees, Ann Arbor, 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 May 2025, International Brotherhood of Electrical Workers Local Union No. 252 Pension Plan covered 1,505 participants and held $254M in net assets. The plan is a defined benefit pension plan sponsored by IBEW Local Union No. 252 Pension Plan Joint Board of Trustees of Ann Arbor, Michigan. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $168,806 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 $14.6M for the year ($19,589 per active participant) and benefits paid were $14.0M. 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 7 service provider organisations paid $5,000 or more, with reported compensation of $887K: $590 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $988K. 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 $69.0M in 2009 to $254M in 2024 (up 268%), and participants from 1,178 to 1,505 (up 28%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $168,806 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $19,589 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $590 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.35% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $656 | $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 | 1,505 | $254M | $168,806 | $14.6M | — | $887K |
| 2023 | 1,415 | $229M | $162,110 | $12.9M | — | $816K |
| 2022 | 1,322 | $192M | $145,331 | $8.5M | — | $824K |
| 2021 | 1,324 | $194M | $146,656 | $8.3M | — | $808K |
| 2020 | 1,305 | $206M | $158,108 | $8.6M | — | $743K |
| 2019 | 1,300 | $159M | $122,215 | $9.0M | — | $737K |
| 2018 | 1,283 | $147M | $114,306 | $8.4M | — | $624K |
| 2017 | 1,277 | $143M | $112,276 | $8.5M | — | $626K |
| 2016 | 1,241 | $131M | $105,223 | $8.2M | — | $536K |
| 2015 | 1,204 | $116M | $96,045 | $7.0M | — | $569K |
| 2014 | 1,191 | $116M | $97,341 | $7.4M | — | $797K |
| 2013 | 1,189 | $108M | $90,941 | $5.7M | — | $667K |
| 2012 | 1,192 | $94.6M | $79,391 | $5.8M | — | $628K |
| 2011 | 1,189 | $79.2M | $66,618 | $5.6M | — | $610K |
| 2010 | 1,186 | $82.6M | $69,656 | $6.0M | — | $608K |
| 2009 | 1,178 | $69.0M | $58,559 | $5.7M | — | $443K |
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$229,386,022
- Employer contributions$14,574,028
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$14,574,028
- Total income, including investment results$39,627,637
- Benefits paid$13,972,529
- Administrative expenses$987,920
- Total expenses$14,960,449
- Net income$24,667,188
- Net transfers$0
- Net assets, end of year$254,053,210
Participants
- Active participants744
- Retired or separated, receiving benefits421
- Retired or separated, entitled to future benefits229
- Total participants, end of year1,505
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Thomas D Luczak, PLLC | Legal | $225,013 | $0 |
| Segal | Actuarial; Consulting (pension) | $189,905 | $0 |
| Bank of Ann Arbor | Custodial (other than securities); Investment advisory (plan) | $173,541 | $0 |
| Ann Arbor Benefit Administrators | Contract Administrator | $147,382 | $0 |
| Royal Bank of Canada | Investment advisory (plan) | $106,123 | $0 |
| Polk & Associates | Accounting (including auditing) | $31,100 | $0 |
| Ullico | Insurance agents and brokers | $14,292 | $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
- Trustee and custodial fees$234,664
- Legal fees$225,013
- Actuarial fees$189,905
- Contract administrator fees$147,382
- Other administrative expenses$114,856
- Investment advisory and management fees$45,000
- IQPA audit fees$31,100
- Total administrative expenses$987,920
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)$206M · 80.8%
- Cash (interest and non-interest bearing)$28.6M · 11.3%
- Corporate debt instruments$8.4M · 3.3%
- Real estate$7.6M · 3.0%
- Other investments$2.7M · 1.1%
- Receivables$1.4M · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmManer Costerisan & Ellis, PC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $3,000,000
- 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 238210: Electrical Contractors.
Other plans of IBEW Local Union No. 252 Pension Plan Joint Board of Trustees
| Plan | Participants | Net assets |
|---|---|---|
| IBEW Local Union No 252 Def Contrib Plan 401(k) Plan | 1,340 | $143M |
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Outstate Michigan Trowel Trades Pension Fund | Trustees of Outstate Michigan Trowel Trades Pension Fund | 1,518 | $86.2M | $56,762 |
| Operative Plasterers and Cement Masons Local No. 109 Pension Plan | Plasterers & Cement Masons Local No. 109 Pension Plan | 1,466 | $127M | $86,545 |
| Plumbers and Pipefitters Local Union No 333 Pension Fund | Joint Board Plumbers & Pipefitters Local Union No. 333 Pension | 1,532 | $300M | $195,502 |
| Cement Masons Pension Trust Fund - Detroit and Vicinity | Joint Board of Trustees Cement Masons Pension Trust Fund-Detroit | 1,185 | $108M | $91,010 |
| West Mi Plumbers Fitters & Service Trades Local Union No 174 Pension Plan | Board of Trustees West Mi Plumbers Local Union No 174 Pension Plan | 1,609 | $272M | $169,153 |
| 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 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is International Brotherhood of Electrical Workers Local Union No. 252 Pension Plan?
1,505 participants at the end of the plan year ending 31 May 2025, of whom 744 were active employees, with net assets of $254,053,210. 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 IBEW Local Union No. 252 Pension Plan Joint Board of Trustees contribute per participant?
The filing reports $14,574,028 in employer contributions for the year, which is $19,589 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 $887,356 in compensation to service provider organisations, $590 per participant or 0.35% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $987,920. 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 IBEW Local Union No. 252 Pension Plan Joint Board of Trustees. Recordkeeping or administration: Ann Arbor Benefit Administrators. Investment advisory or management: Bank of Ann Arbor and Royal Bank of Canada. Trustee or custodian: Bank of Ann Arbor. The financial statements were audited by Maner Costerisan & Ellis, PC. 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 Jun 2024 to 31 May 2025, received by the Department of Labor on 19 Dec 2025. 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 38-6323896, plan 001, received 19 Dec 2025; 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.