Missouri › Construction › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Plumbers & Pipefitters Union Local 178 Money Purchase Plan
Sponsored by Plumbers & Pipefitters Union Local No. 178, Springfield, MO
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 Dec 2024, Plumbers & Pipefitters Union Local 178 Money Purchase Plan covered 489 participants and held $25.0M in net assets. The plan is a money purchase plan sponsored by Plumbers & Pipefitters Union Local No. 178 of Springfield, Missouri. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $51,224 per participant, above the $48,746 median for defined contribution plans with 250 to 499 participants and 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 $2.1M during the year, or $6,565 per active participant against a same-size median of $2,017; participants contributed —. Benefits paid out totalled $1.6M.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $213K: $435 per participant, well above the same-size median of $141. Administrative expenses charged to the plan were $221K. 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 $10.1M in 2009 to $25.0M in 2024 (up 148%), and participants from 456 to 489 (up 7%).
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 | $51,224 | $48,746 | $54,962 | $53,102 |
| Employer contributions per active participant | $6,565 | $2,017 | $2,728 | $2,175 |
| Schedule C compensation per participant | $435 | $141 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.85% | 0.30% | 0.33% | 0.26% |
| Administrative expenses per participant | $452 | $133 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 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 | 489 | $25.0M | $51,225 | $2.1M | — | $213K |
| 2023 | 465 | $22.7M | $48,869 | $1.8M | — | $192K |
| 2022 | 426 | $20.1M | $47,214 | $1.7M | — | $199K |
| 2021 | 398 | $23.0M | $57,842 | $1.5M | — | $204K |
| 2020 | 356 | $20.8M | $58,424 | $1.4M | — | $194K |
| 2019 | 379 | $20.2M | $53,311 | $1.4M | — | $219K |
| 2018 | 375 | $16.9M | $44,947 | $1.4M | — | $205K |
| 2017 | 351 | $17.6M | $50,077 | $1.4M | — | $182K |
| 2016 | 343 | $15.7M | $45,913 | $1.2M | — | $166K |
| 2015 | 350 | $15.5M | $44,386 | $1.2M | — | $123K |
| 2014 | 371 | $16.6M | $44,838 | $1.3M | — | $153K |
| 2013 | 421 | $16.0M | $37,964 | $1.3M | — | $121K |
| 2012 | 396 | $13.9M | $35,144 | $1.1M | $0 | $113K |
| 2011 | 428 | $12.8M | $29,794 | $1.3M | — | $101K |
| 2010 | 440 | $12.4M | $28,177 | $1.5M | — | $85K |
| 2009 | 456 | $10.1M | $22,162 | $1.5M | — | $76K |
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$22,724,195
- Employer contributions$2,114,017
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,114,017
- Total income, including investment results$4,193,859
- Benefits paid$1,648,543
- Administrative expenses$220,788
- Total expenses$1,869,331
- Net income$2,324,528
- Net transfers$0
- Net assets, end of year$25,048,723
Participants
- Active participants322
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits163
- Participants with account balances489
- Total participants, end of year489
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Morgan Stanley | Investment management | $169,120 | $0 |
| Qualified Benefits Consultants Inc. | Recordkeeping and information management; Valuation (appraisals, etc.); Consulting (general); Consulting (pension) | $18,215 | $0 |
| Plumbers 178 General Fund | Plan Administrator | $9,388 | $0 |
| The Whitlock Company | Accounting (including auditing) | $9,000 | $0 |
| Mertz Insurance | Insurance services | $6,879 | $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$169,120
- Recordkeeping fees$18,215
- Other administrative expenses$10,265
- Contract administrator fees$9,388
- IQPA audit fees$9,000
- Legal fees$4,800
- Total administrative expenses$220,788
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)$12.3M · 49.1%
- Corporate stocks$6.8M · 27.1%
- Other investments$3.9M · 15.6%
- Cash (interest and non-interest bearing)$1.8M · 7.1%
- Corporate debt instruments$275K · 1.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmThe Whitlock Company LLP
- 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
2CMoney purchase (other than target benefit) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238220: Plumbing, Heating, & Air-Conditioning Contractors.
Similar plans in Missouri
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Murphy Employee Profit Sharing and 401(k) Plan | Murphy Corporation | 502 | $94.0M | $187,196 |
| Barts Electric Company, Inc. Employees 401(k) Plan | Barts Electric Company, Inc. | 457 | $21.8M | $47,700 |
| Arco Holdings Employee Stock Ownership Plan | Arco National Holdings, Inc. | 504 | $161M | $319,703 |
| Brinkmann Constructors Employee Stock Ownership Plan | Brinkmann Constructors | 448 | $145M | $323,105 |
| Ceramic Tile & Marble Masons Union No 18 of Missouri Pension Plan | Joint Board of Trustees of Ceramic Tile & Marble Masons Union 18 of Mo | 534 | $23.0M | $43,141 |
| Hoffmann Brothers Heating & Air Conditioning 401(k) Profit Sharing Plan and Trust | Hoffmann Brothers Heating & Air Conditioning | 444 | $27.4M | $61,704 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Plumbers & Pipefitters Union Local 178 Money Purchase Plan?
489 participants at the end of the plan year ending 31 Dec 2024, of whom 322 were active employees, with net assets of $25,048,723. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Plumbers & Pipefitters Union Local No. 178 contribute per participant?
The filing reports $2,114,017 in employer contributions for the year, which is $6,565 per active participant; the median for plans of the same type and size was $2,017 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 $212,602 in compensation to service provider organisations, $435 per participant or 0.85% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $220,788. 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 Plumbers & Pipefitters Union Local No. 178. Recordkeeping or administration: Qualified Benefits Consultants Inc. and Plumbers 178 General Fund. Investment advisory or management: Morgan Stanley. The financial statements were audited by The Whitlock Company LLP. 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 10 Oct 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 43-1642796, plan 001, received 10 Oct 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.