Indiana › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
Plumbers & Steamfitters Local 166 AFL-CIO Pension Plan
Sponsored by Plumbers and Steamfitters Local 166, Fort Wayne, IN
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.
Plumbers and Steamfitters Local 166 of Fort Wayne, Indiana sponsors Plumbers & Steamfitters Local 166 AFL-CIO Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 May 2025 shows 1,324 participants (710 active) and $95.0M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $71,740 per participant, below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below 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 $6.3M for the year ($8,919 per active participant) and benefits paid were $4.0M. 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 11 service provider organisations paid $5,000 or more, with reported compensation of $331K: $250 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $457K. 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 $29.5M in 2009 to $95.0M in 2024 (up 222%), and participants from 971 to 1,324 (up 36%).
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 | $71,740 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | $8,919 | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $250 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.35% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $345 | $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 | 1,324 | $95.0M | $71,740 | $6.3M | — | $331K |
| 2023 | 1,251 | $86.2M | $68,931 | $5.5M | — | $329K |
| 2022 | 1,208 | $75.9M | $62,866 | $4.7M | — | $337K |
| 2021 | 1,166 | $75.6M | $64,855 | $4.5M | — | $332K |
| 2020 | 1,141 | $76.6M | $67,145 | $4.0M | — | $352K |
| 2019 | 1,124 | $60.9M | $54,224 | $4.1M | — | $323K |
| 2018 | 1,103 | $56.2M | $50,948 | $3.7M | — | $276K |
| 2017 | 1,075 | $54.8M | $51,021 | $3.5M | — | $271K |
| 2016 | 1,050 | $49.9M | $47,492 | $3.3M | — | $305K |
| 2015 | 1,030 | $45.1M | $43,762 | $3.1M | — | $301K |
| 2014 | 1,012 | $45.9M | $45,318 | $2.8M | — | $383K |
| 2013 | 1,004 | $42.6M | $42,407 | $2.5M | — | $336K |
| 2012 | 983 | $38.5M | $39,125 | $2.4M | — | $253K |
| 2011 | 981 | $33.4M | $34,051 | $2.4M | — | $321K |
| 2010 | 986 | $34.6M | $35,116 | $2.3M | — | $256K |
| 2009 | 971 | $29.5M | $30,368 | $1.3M | — | $230K |
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$86,232,515
- Employer contributions$6,332,702
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$6,332,702
- Total income, including investment results$13,199,877
- Benefits paid$3,991,643
- Administrative expenses$456,809
- Total expenses$4,448,452
- Net income$8,751,425
- Net transfers$0
- Net assets, end of year$94,983,940
Participants
- Active participants710
- Retired or separated, receiving benefits335
- Retired or separated, entitled to future benefits182
- Total participants, end of year1,324
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Benesys, Inc. | Plan Administrator | $72,627 | $0 |
| Asherkelly | Legal | $42,803 | $0 |
| Mariner | Investment advisory (plan) | $40,000 | $0 |
| American Realty Advisors | Investment management | $37,214 | $0 |
| Fifth Third Bank | Custodial (securities) | $35,486 | $0 |
| Whitinger & Company LLC | Accounting (including auditing) | $23,500 | $0 |
| Chevy Chase Trust Company | Investment management | $22,554 | $0 |
| Stefansky, Holloway & Nichols, Inc. | Accounting (including auditing) | $20,703 | $0 |
| McQueen Insurance Group | Insurance services | $16,640 | $0 |
| Plumbers & Steamfitters Local 166 | Participant communication | $12,049 | $0 |
| American Graphics | Copying and duplicating | $6,944 | $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
- Other administrative expenses$151,489
- Investment advisory and management fees$131,437
- Contract administrator fees$67,530
- Legal fees$42,803
- Actuarial fees$40,050
- IQPA audit fees$23,500
- Total administrative expenses$456,809
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)$70.8M · 74.5%
- Partnership/joint venture interests$16.0M · 16.8%
- Cash (interest and non-interest bearing)$5.4M · 5.6%
- Common/collective trusts$2.2M · 2.3%
- Receivables$766K · 0.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmWhitinger & Company 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 238220: Plumbing, Heating, & Air-Conditioning Contractors.
Similar plans in Indiana
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Local 697 I.B.E.W. and Electrical Industry Pension Plan | Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund | 1,796 | $245M | $136,361 |
| U.A. Plumbers 63 & Steamfitters 353 Joint Pension | Trustees U.A. Plumbers 63 & Steamfitters 353 Pen Trustfund | 1,279 | $152M | $119,026 |
| Sheet Metal Workers Local No. 20, Indianapolis Are | Sheet Metal Workers Local No. 20, Indianapolis Area, Pension Fund | 2,126 | $212M | $99,526 |
| IBEW Local 531 & Neca Pension Plan | Trustees of IBEW Local 531 & Neca Pension Plan | 1,141 | $137M | $119,745 |
| Indiana Electrical Workers Pension Plan | Indiana Electrical Workers Pension Trust Fund IBEW | 4,587 | $520M | $113,387 |
| East Central Illinois Pipe Trades Pension Fund | East Central Illinois Pipe Trades Pension Fund | 857 | $103M | $120,638 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Plumbers & Steamfitters Local 166 AFL-CIO Pension Plan?
1,324 participants at the end of the plan year ending 31 May 2025, of whom 710 were active employees, with net assets of $94,983,940. 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 Plumbers and Steamfitters Local 166 contribute per participant?
The filing reports $6,332,702 in employer contributions for the year, which is $8,919 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 $330,520 in compensation to service provider organisations, $250 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 $456,809. 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 and Steamfitters Local 166. Recordkeeping or administration: Benesys, Inc.. Investment advisory or management: Mariner, American Realty Advisors and Chevy Chase Trust Company. Trustee or custodian: Fifth Third Bank. The financial statements were audited by Whitinger & 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 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 13 Mar 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 51-6132690, plan 001, received 13 Mar 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.