Tennessee › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Allied Workers Local 48 Annuity Plan
Sponsored by Allied Workers Local 48 Annuity PL Board of Trustees, Goodlettsville, TN
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 30 Jun 2025, Allied Workers Local 48 Annuity Plan covered 798 participants and held $13.6M in net assets. The plan is a money purchase plan sponsored by Allied Workers Local 48 Annuity PL Board of Trustees of Goodlettsville, Tennessee. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $17,013 per participant, well 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 $1.5M during the year, or $1,896 per active participant against a same-size median of $1,934; participants contributed —. Benefits paid out totalled $595K.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $92K: $116 per participant, close to the same-size median of $113. Administrative expenses charged to the plan were $113K. 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 $316K in 2012 to $13.6M in 2024 (up 4196%), and participants from 265 to 798 (up 201%).
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 | $17,013 | $46,267 | $54,962 | $53,102 |
| Employer contributions per active participant | $1,896 | $1,934 | $2,728 | $2,175 |
| Schedule C compensation per participant | $116 | $113 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.68% | 0.25% | 0.33% | 0.26% |
| Administrative expenses per participant | $141 | $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 | 798 | $13.6M | $17,013 | $1.5M | — | $92K |
| 2023 | 655 | $11.1M | $16,898 | $1.1M | — | $77K |
| 2022 | 603 | $8.9M | $14,710 | $931K | — | $66K |
| 2021 | 555 | $7.6M | $13,670 | $849K | — | $75K |
| 2020 | 508 | $8.5M | $16,764 | $779K | — | $79K |
| 2019 | 520 | $6.2M | $11,990 | $923K | — | $71K |
| 2018 | 493 | $5.3M | $10,736 | $1.1M | — | $61K |
| 2017 | 463 | $4.2M | $8,974 | $784K | — | $71K |
| 2016 | 381 | $3.2M | $8,517 | $783K | — | $60K |
| 2015 | 324 | $2.3M | $7,037 | $772K | — | $50K |
| 2014 | 290 | $1.5M | $5,028 | $735K | — | $42K |
| 2013 | 231 | $761K | $3,294 | $452K | — | $6,000 |
| 2012 | 265 | $316K | $1,192 | $314K | — | $36K |
| 2011 | 216 | — | — | — | — | — |
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$11,067,542
- Employer contributions$1,503,433
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$1,503,433
- Total income, including investment results$3,215,770
- Benefits paid$594,507
- Administrative expenses$112,517
- Total expenses$707,024
- Net income$2,508,746
- Net transfers$0
- Net assets, end of year$13,576,288
Participants
- Active participants793
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits5
- Participants with account balances798
- Total participants, end of year798
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| John Hancock Life Insurance Company | Plan Administrator; Recordkeeping and information management; Investment management | $55,501 | $0 |
| Southern Benefit Administrators Inc. | Plan Administrator | $18,187 | $0 |
| O'Donoghue & O'Donoghue LLP | Legal | $9,097 | $0 |
| Morgan Stanley Wealth Management | Investment advisory (plan) | $9,000 | $0 |
| Quinn Connor Weaver Davies & Rouco | Legal | $667 | $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$64,501
- Contract administrator fees$18,000
- IQPA audit fees$11,725
- Legal fees$9,764
- Other administrative expenses$8,527
- Total administrative expenses$112,517
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)$13.1M · 96.6%
- Cash (interest and non-interest bearing)$338K · 2.5%
- Receivables$120K · 0.9%
- Other investments$3,109 · 0.0%
- Common/collective trusts$22 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDaniels, Irwin & Aylor, CPAS
- 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) plan2GTotal participant-directed account plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238300: Building Finishing Contractors (including drywall, insulation, painting, wallcovering, flooring, tile, & finish carpentry).
Similar plans in Tennessee
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Jones Bros 401(k) Plan | Jones Bros. Contractors, LLC | 835 | $17.7M | $21,165 |
| Binswanger Enterprises, LLC 401(k) Plan | Binswanger Enterprises, LLC | 722 | $25.6M | $35,467 |
| Insulators Local 96 Supplemental Pension Plan | Board of Trustees - Insulators Local 96 Supplemental Pension Plan | 853 | $2.2M | $2,573 |
| Insulators Local 46 Supplemental Pension Plan | Board of Trustees - Insulators Local 46 Supplemental Pension Plan | 686 | $6.1M | $8,920 |
| Summers-Taylor, Inc. 401(k) Retirement Plan | Summers-Taylor, Inc. | 864 | $16.5M | $19,122 |
| Southern Land Company Retirement Plan | Redwood-Slc Holdings, LLC | 686 | $33.4M | $48,696 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Allied Workers Local 48 Annuity Plan?
798 participants at the end of the plan year ending 30 Jun 2025, of whom 793 were active employees, with net assets of $13,576,288. 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 Allied Workers Local 48 Annuity PL Board of Trustees contribute per participant?
The filing reports $1,503,433 in employer contributions for the year, which is $1,896 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 $92,452 in compensation to service provider organisations, $116 per participant or 0.68% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $112,517. 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 Allied Workers Local 48 Annuity PL Board of Trustees. Recordkeeping or administration: John Hancock Life Insurance Company and Southern Benefit Administrators Inc.. Investment advisory or management: John Hancock Life Insurance Company and Morgan Stanley Wealth Management. The financial statements were audited by Daniels, Irwin & Aylor, CPAS. 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 14 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 45-4606516, plan 001, received 14 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.