Pennsylvania › Finance and insurance › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Plumbers & Steamfitters Local 83 Pension Fund
Sponsored by Plumbers & Steamfitter Local 83, Harmony, PA
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 & Steamfitter Local 83 of Harmony, Pennsylvania sponsors Plumbers & Steamfitters Local 83 Pension Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 532 participants (275 active) and $55.0M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $103,366 per participant, above the $86,583 median for defined benefit plans with 500 to 999 participants and below the $119,983 median for defined benefit plans in finance and insurance. 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 $2.4M for the year ($8,583 per active participant) and benefits paid were $3.5M. 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 14 service provider organisations paid $5,000 or more, with reported compensation of $395K: $743 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $439K. 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 $21.2M in 2009 to $55.0M in 2024 (up 159%), and participants from 422 to 532 (up 26%).
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 | $103,366 | $86,583 | $119,983 | $86,221 |
| Employer contributions per active participant | $8,583 | $10,758 | $7,849 | $10,244 |
| Schedule C compensation per participant | $743 | $377 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.72% | 0.48% | 0.32% | 0.42% |
| Administrative expenses per participant | $825 | $591 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), finance and insurance (690) 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 | 532 | $55.0M | $103,367 | $2.4M | — | $395K |
| 2023 | 526 | $49.5M | $94,076 | $2.8M | — | $372K |
| 2022 | 522 | $45.6M | $87,333 | $2.4M | — | $378K |
| 2021 | 535 | $54.3M | $101,531 | $1.6M | — | $363K |
| 2020 | 525 | $47.1M | $89,762 | $2.0M | — | $339K |
| 2019 | 529 | $42.2M | $79,750 | $3.5M | — | $338K |
| 2018 | 503 | $34.7M | $68,978 | $2.7M | — | $347K |
| 2017 | 484 | $36.1M | $74,686 | $3.2M | — | $317K |
| 2016 | 469 | $31.6M | $67,369 | $1.7M | — | $284K |
| 2015 | 484 | $30.2M | $62,407 | $5.3M | — | $261K |
| 2014 | 483 | $30.5M | $63,145 | $10.6M | — | $266K |
| 2013 | 463 | $27.6M | $59,654 | $8.8M | — | $206K |
| 2012 | 411 | $23.4M | $57,034 | $3.3M | — | $175K |
| 2011 | 425 | $22.0M | $51,729 | $1.7M | — | $173K |
| 2010 | 421 | $22.7M | $53,964 | $833K | — | $160K |
| 2009 | 422 | $21.2M | $50,344 | $756K | — | $145K |
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$49,484,127
- Employer contributions$2,360,430
- Participant contributions—
- Rollovers and other contributions$614,998
- Total contributions$2,975,428
- Total income, including investment results$9,460,298
- Benefits paid$3,514,897
- Administrative expenses$438,646
- Total expenses$3,953,543
- Net income$5,506,755
- Net transfers$0
- Net assets, end of year$54,990,882
Participants
- Active participants275
- Retired or separated, receiving benefits152
- Retired or separated, entitled to future benefits56
- Total participants, end of year532
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Central Data Services Inc. | Contract Administrator | $58,333 | $0 |
| Acrisure LLC | Actuarial | $39,690 | $0 |
| Standard Valuation | Consulting (pension) | $35,275 | $0 |
| Mairs and Power | Investment management | $34,217 | $0 |
| Manning & Napier Advisors Inc. | Investment management fees paid directly by plan; 'Soft dollars' commissions | $34,096 | $0 |
| Boyd Watterson Asset Management | Investment management fees paid directly by plan | $33,283 | $0 |
| Beacon Administrators and Consultan | Contract Administrator | $31,633 | $0 |
| McElhaney & Associates, LLC | Accounting (including auditing) | $27,500 | $0 |
| Wesbanco Trust and Investment Servi | Custodial (securities) | $26,305 | $0 |
| Asb Capital Management | Investment management | $21,715 | $0 |
| Newtower Trust Company | Investment management | $18,819 | $0 |
| Chartwell Investment Partners | Investment management | $17,087 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 2 smaller rows are not shown. 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$221,265
- Contract administrator fees$89,966
- Other administrative expenses$49,503
- Actuarial fees$39,690
- IQPA audit fees$27,500
- Legal fees$10,722
- Total administrative expenses$438,646
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)$32.2M · 58.4%
- Corporate stocks$11.2M · 20.4%
- Real estate$5.7M · 10.3%
- Corporate debt instruments$3.9M · 7.0%
- Receivables$767K · 1.4%
- Cash (interest and non-interest bearing)$655K · 1.2%
- U.S. Government securities$406K · 0.7%
- Other investments$310K · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmMcElhaney & Associates, LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Fulton Financial Affiliates Defined Benefit Pension Plan | Fulton Financial Corporation | 701 | $85.5M | $122,015 |
| Berwind Corporation Employees' Retirement Plan | Berwind Corporation | 447 | $99.4M | $222,365 |
| Employees' Retirement Plan of S&T Bank | S&T Bank | 717 | $63.8M | $88,933 |
| Ironworkers Local Union No. 402 Pension Fund | Trustees of Ironworkers Local Union No. 402 Pension Fund | 401 | $15.4M | $38,383 |
| Laborers of Delaware Local Union No. 199 Pension Plan | Laborers of Delaware LCL Union 199 Board of Trustees | 774 | $63.9M | $82,536 |
| Univest Financial Corporation Retirement Plan | Univest Financial Corporation | 380 | $56.8M | $149,414 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Plumbers & Steamfitters Local 83 Pension Fund?
532 participants at the end of the plan year ending 31 Dec 2024, of whom 275 were active employees, with net assets of $54,990,882. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Plumbers & Steamfitter Local 83 contribute per participant?
The filing reports $2,360,430 in employer contributions for the year, which is $8,583 per active participant; the median for plans of the same type and size was $10,758 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 $395,425 in compensation to service provider organisations, $743 per participant or 0.72% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $438,646. 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 & Steamfitter Local 83. Recordkeeping or administration: Central Data Services Inc. and Beacon Administrators and Consultan. Investment advisory or management: Mairs and Power, Asb Capital Management and Newtower Trust Company. Trustee or custodian: Wesbanco Trust and Investment Servi. The financial statements were audited by McElhaney & Associates, 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 9 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 55-0463652, plan 001, received 9 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.