Florida › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Atlanta Plumbers & Steamfitters Pension Fund
Sponsored by Atlanta Plumbers & Steamfitters Pension Fund, Pembroke Pines, FL
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, Atlanta Plumbers & Steamfitters Pension Fund covered 5,052 participants and held $452M in net assets. The plan is a defined benefit pension plan sponsored by Atlanta Plumbers & Steamfitters Pension Fund of Pembroke Pines, Florida. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $89,422 per participant, close to the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and 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 $17.7M for the year ($6,726 per active participant) and benefits paid were $27.0M. 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 15 service provider organisations paid $5,000 or more, with reported compensation of $3.1M: $613 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $3.4M. 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 $184M in 2009 to $452M in 2024 (up 145%), and participants from 3,533 to 5,052 (up 43%).
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 | $89,422 | $87,623 | $100,593 | $86,221 |
| Employer contributions per active participant | $6,726 | $9,468 | $13,292 | $10,244 |
| Schedule C compensation per participant | $613 | $232 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.69% | 0.30% | 0.46% | 0.42% |
| Administrative expenses per participant | $666 | $396 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 | 5,052 | $452M | $89,422 | $17.8M | — | $3.1M |
| 2023 | 4,730 | $415M | $87,796 | $15.7M | — | $1.9M |
| 2022 | 4,619 | $384M | $83,199 | $15.0M | — | $2.6M |
| 2021 | 4,494 | $460M | $102,368 | $15.5M | — | $185.5B |
| 2020 | 4,372 | $409M | $93,512 | $14.1M | — | $1.2M |
| 2019 | 4,421 | $365M | $82,663 | $15.9M | — | $1.3M |
| 2018 | 4,290 | $306M | $71,437 | $15.4M | — | $1.3M |
| 2017 | 4,143 | $326M | $78,800 | $14.3M | — | $1.3M |
| 2016 | 3,758 | $291M | $77,321 | $15.0M | — | $1.4M |
| 2015 | 3,753 | $278M | $74,065 | $14.4M | — | $1.4M |
| 2014 | 4,191 | $274M | $65,448 | $14.3M | — | $2.2M |
| 2013 | 3,781 | $264M | $69,700 | $13.4M | — | $1.4M |
| 2012 | 3,533 | $226M | $63,868 | $12.8M | — | $1.3M |
| 2011 | 3,668 | $205M | $55,769 | $14.0M | — | $1.3M |
| 2010 | 3,729 | $209M | $56,179 | $13.6M | — | $1.4M |
| 2009 | 3,533 | $184M | $52,132 | $11.5M | — | $1.3M |
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$415,274,091
- Employer contributions$17,749,902
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$17,749,902
- Total income, including investment results$66,845,647
- Benefits paid$26,993,134
- Administrative expenses$3,364,382
- Total expenses$30,357,516
- Net income$36,488,131
- Net transfers$0
- Net assets, end of year$451,762,222
Participants
- Active participants2,639
- Retired or separated, receiving benefits1,117
- Retired or separated, entitled to future benefits959
- Total participants, end of year5,052
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Crescent Capital Group LP | Investment management | $1,392,112 | $0 |
| Confluence Investment Management | Investment management | $190,934 | $0 |
| Constitution Capital Partners LLC | Investment management | $187,321 | $0 |
| Atlanta Capital Management | Investment management | $180,907 | $0 |
| National Employee Benefit Admin | Plan Administrator | $162,000 | $0 |
| Ares Management LLC | Investment management | $143,182 | $0 |
| Chevy Chase Trust Company | Investment management | $126,298 | $0 |
| Fiera Capital | Investment management | $118,829 | $0 |
| Lazard Asset Management LLC | Investment management | $102,774 | $0 |
| Kayne Anderson Rudnick Investment | Investment management | $95,564 | $0 |
| Clear Bridge International | Investment management | $78,118 | $0 |
| Horizon Actuarial Services LLC | Actuarial | $62,226 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 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$2,780,031
- Other administrative expenses$253,674
- Contract administrator fees$162,000
- Actuarial fees$62,226
- Legal fees$46,265
- IQPA audit fees$22,750
- Other trustee fees and expenses$17,770
- Trustee and custodial fees$12,706
- Recordkeeping fees$6,960
- Total administrative expenses$3,364,382
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.
- Common/collective trusts$238M · 52.7%
- Corporate stocks$108M · 23.9%
- Partnership/joint venture interests$36.6M · 8.1%
- Insurance company general account$25.4M · 5.6%
- Registered investment companies (mutual funds)$20.1M · 4.4%
- Pooled separate accounts$8.8M · 1.9%
- Cash (interest and non-interest bearing)$8.7M · 1.9%
- Receivables$3.7M · 0.8%
- Other investments$2.6M · 0.6%
- Corporate debt instruments$812 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmNovak Francella, LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $3,000,000
- Blackout period during the year—
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 238220: Plumbing, Heating, & Air-Conditioning Contractors.
Similar plans in Florida
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Insulators and Allied Workers National Pension Fun | Board of Trustees of the Insulators and Allied Workers National Pensio | 7,203 | $596M | $82,712 |
| United Asso Journeymen & Apprnc Pension Fund | United Assn of Journeymen & Apprentice Local 198 AFL-CIO Pension Fund | 3,934 | $199M | $50,515 |
| McAsf Local 725 Pension Plan | Board of Trustees McAsf Local 725 Pension Trust Fund | 2,129 | $235M | $110,475 |
| Plumbers & Pipefitters Lu 421 Pension Fund Trust | Trustees of Plumbers & Pipefitters Lu 421 Pension Fund Trust | 1,979 | $124M | $62,561 |
| Pension Plan of the Plumbers & Pipefitters Local Union No. 630 Pension - Annuity Trust Fund | Trustees of the Pension Plan of the Plumbers & Pipefitters Local Union | 1,849 | $158M | $85,493 |
| I.B.E.W. Local 1579 Pension Plan | I.B.E.W Local 1579 Pension Plan Board of Trustees | 1,591 | $237M | $148,699 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Atlanta Plumbers & Steamfitters Pension Fund?
5,052 participants at the end of the plan year ending 31 Dec 2024, of whom 2,639 were active employees, with net assets of $451,762,222. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Atlanta Plumbers & Steamfitters Pension Fund contribute per participant?
The filing reports $17,749,902 in employer contributions for the year, which is $6,726 per active participant; the median for plans of the same type and size was $9,468 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 $3,096,143 in compensation to service provider organisations, $613 per participant or 0.69% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $3,364,382. 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 Atlanta Plumbers & Steamfitters Pension Fund. Recordkeeping or administration: National Employee Benefit Admin. Investment advisory or management: Crescent Capital Group LP, Confluence Investment Management and Constitution Capital Partners LLC. The financial statements were audited by Novak Francella, 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 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 58-1233396, 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.