Wisconsin › Construction › 250 to 499 participants
Form 5500 statement · plan year 1 Aug 2024 to 31 Jul 2025
Int'l Assn of Heat & Frost Insulators & Asbestos Workers Local 127 Pension Fund
Sponsored by Trustees of Int'l Assn of Heat & Frost I & Asbestos Workers Local 127, Milwaukee, WI
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, Int'l Assn of Heat & Frost Insulators & Asbestos Workers Local 127 Pension Fund covered 260 participants and held $39.8M in net assets. The plan is a defined benefit pension plan sponsored by Trustees of Int'l Assn of Heat & Frost I & Asbestos Workers Local 127 of Milwaukee, Wisconsin. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $153,222 per participant, well above the $87,254 median for defined benefit plans with 250 to 499 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 $2.3M for the year ($22,209 per active participant) and benefits paid were $2.8M. 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 $151K: $579 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $168K. 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 $14.9M in 2009 to $39.8M in 2024 (up 168%), and participants from 222 to 260 (up 17%).
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 | $153,222 | $87,254 | $100,593 | $86,221 |
| Employer contributions per active participant | $22,209 | $11,032 | $13,292 | $10,244 |
| Schedule C compensation per participant | $579 | $413 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.38% | 0.51% | 0.46% | 0.42% |
| Administrative expenses per participant | $647 | $596 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 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 | 260 | $39.8M | $153,223 | $2.3M | — | $151K |
| 2023 | 261 | $37.1M | $141,962 | $2.4M | — | $141K |
| 2022 | 254 | $33.7M | $132,807 | $1.8M | — | $148K |
| 2021 | 253 | $33.6M | $132,731 | $1.7M | — | $132K |
| 2020 | 253 | $37.4M | $147,818 | $1.6M | — | $123K |
| 2019 | 260 | $30.6M | $117,615 | $1.6M | — | $114K |
| 2018 | 258 | $29.6M | $114,868 | $1.7M | — | $102K |
| 2017 | 257 | $29.0M | $112,969 | $1.8M | — | $102K |
| 2016 | 253 | $27.2M | $107,395 | $1.7M | — | $99K |
| 2015 | 246 | $24.8M | $100,931 | $1.7M | — | $95K |
| 2014 | 243 | $25.1M | $103,473 | $1.5M | — | $127K |
| 2013 | 249 | $24.1M | $96,618 | $1.5M | — | $113K |
| 2012 | 242 | $21.8M | $90,136 | $1.5M | — | $94K |
| 2011 | 229 | $18.6M | $81,144 | $1.5M | — | $107K |
| 2010 | 228 | $17.8M | $77,873 | $1.7M | — | $100K |
| 2009 | 222 | $14.9M | $67,063 | $1.6M | — | $79K |
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$37,052,430
- Employer contributions$2,309,741
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,309,741
- Total income, including investment results$5,716,380
- Benefits paid$2,762,938
- Administrative expenses$168,229
- Total expenses$2,931,167
- Net income$2,785,213
- Net transfers$0
- Net assets, end of year$39,837,643
Participants
- Active participants104
- Retired or separated, receiving benefits101
- Retired or separated, entitled to future benefits30
- Total participants, end of year260
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| United Actuarial Services, Inc. | Actuarial | $42,750 | $0 |
| Mariner Wealth Advisors, LLC | Consulting (pension) | $24,000 | $0 |
| Bpa of Wi a Benesys Company | Plan Administrator | $21,315 | $0 |
| Associated Trust Company NA | Contract Administrator | $18,550 | $0 |
| Lee Jost & Associates | Consulting (general) | $18,288 | $0 |
| Sikich CPA LLC | Accounting (including auditing) | $14,600 | $0 |
| The Previant Law Firm | Legal | $11,151 | $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
- Actuarial fees$42,750
- Investment advisory and management fees$42,550
- Other administrative expenses$39,653
- Contract administrator fees$17,525
- IQPA audit fees$14,600
- Legal fees$11,151
- Total administrative expenses$168,229
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)$36.1M · 90.5%
- Common/collective trusts$2.7M · 6.7%
- Cash (interest and non-interest bearing)$821K · 2.1%
- Receivables$291K · 0.7%
- Buildings and other property used in plan operation$5,291 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmSikich CPA LLC
- 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
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 237990: Other Heavy & Civil Engineering Construction.
Similar plans in Wisconsin
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Operative Plasterers and Cement Masons Local 204 Pension FD | Board of Trustees Operative Plasterers and Cement Masons Local 204 Pen | 621 | $63.7M | $102,633 |
| Plumbers & Steamfitters Local 118 Pension Plan | BD of Trustees Plumbers & Steamfitters Local 118 | 768 | $114M | $148,228 |
| Upper Peninsula Plumbers & Pipefitters Pension Plan | Trustees of the Upper Peninsula Plumbers & Pipefitters Pension | 798 | $72.4M | $90,721 |
| Painters Local Union 802 Retirement Plan | Trustees of Painters Local Union 802 | 1,095 | $81.1M | $74,106 |
| Defined Benefit Pension Plan of the Plumbers & Steamfitters Local 400 and Mechanical Contractors Association of North Central Wisconsin | Board of Trustees | 2,274 | $273M | $120,118 |
| Wisconsin Masons Pension Fund | Board of Trustees of Wisconsin Masons Pension Fund | 3,243 | $327M | $100,735 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Int'l Assn of Heat & Frost Insulators & Asbestos Workers Local 127 Pension Fund?
260 participants at the end of the plan year ending 31 Jul 2025, of whom 104 were active employees, with net assets of $39,837,643. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Trustees of Int'l Assn of Heat & Frost I & Asbestos Workers Local 127 contribute per participant?
The filing reports $2,309,741 in employer contributions for the year, which is $22,209 per active participant; the median for plans of the same type and size was $11,032 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 $150,654 in compensation to service provider organisations, $579 per participant or 0.38% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $168,229. 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 of Int'l Assn of Heat & Frost I & Asbestos Workers Local 127. Recordkeeping or administration: Bpa of Wi a Benesys Company and Associated Trust Company NA. The financial statements were audited by Sikich CPA 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 51-0167810, plan 001, 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.