Florida › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Plumbers & Fitters Local Union 295 Pension Plan
Sponsored by Trustees Plumbers & Fitters Local Union 295 Pension Fund, Jacksonville, 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.
Plumbers & Fitters Local Union 295 Pension Plan is a defined benefit pension plan sponsored by Trustees Plumbers & Fitters Local Union 295 Pension Fund of Jacksonville, Florida. For the plan year ending 31 Dec 2024 it reported 629 participants, 310 of them active, and net assets of $71.4M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $113,446 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and 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 $4.1M for the year ($13,362 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 10 service provider organisations paid $5,000 or more, with reported compensation of $664K: $1,056 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $754K. 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 $19.5M in 2009 to $71.4M in 2024 (up 266%), and participants from 498 to 629 (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 | $113,446 | $86,583 | $100,593 | $86,221 |
| Employer contributions per active participant | $13,362 | $10,758 | $13,292 | $10,244 |
| Schedule C compensation per participant | $1,056 | $377 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.93% | 0.48% | 0.46% | 0.42% |
| Administrative expenses per participant | $1,198 | $591 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 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 | 629 | $71.4M | $113,447 | $4.1M | — | $664K |
| 2023 | 573 | $59.5M | $103,784 | $3.4M | — | $553K |
| 2022 | 520 | $49.4M | $94,981 | $3.4M | — | $569K |
| 2021 | 595 | $58.0M | $97,523 | $3.8M | — | $524K |
| 2020 | 598 | $46.5M | $77,791 | $3.6M | — | $439K |
| 2019 | 554 | $39.9M | $71,986 | $2.6M | — | $421K |
| 2018 | 563 | $33.4M | $59,279 | $2.1M | — | $398K |
| 2017 | 386 | $34.5M | $89,383 | $2.5M | — | $323K |
| 2016 | 520 | $29.3M | $56,292 | $1.6M | — | $328K |
| 2015 | 503 | $27.6M | $54,817 | $1.4M | — | $333K |
| 2014 | 507 | $27.8M | $54,850 | $1.4M | — | $330K |
| 2013 | 483 | $26.0M | $53,867 | $1.4M | — | $290K |
| 2012 | 483 | $22.3M | $46,226 | $1.2M | — | $265K |
| 2011 | 501 | $20.8M | $41,463 | $1.4M | — | $299K |
| 2010 | 528 | $20.7M | $39,208 | $1.6M | — | $260K |
| 2009 | 498 | $19.5M | $39,108 | $1.4M | — | $246K |
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$59,467,805
- Employer contributions$4,142,352
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$4,142,352
- Total income, including investment results$16,142,583
- Benefits paid$3,499,126
- Administrative expenses$753,617
- Total expenses$4,252,743
- Net income$11,889,840
- Net transfers$0
- Net assets, end of year$71,357,645
Participants
- Active participants310
- Retired or separated, receiving benefits188
- Retired or separated, entitled to future benefits70
- Total participants, end of year629
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Atalanta Sosnoff Capital LLC | Investment management | $178,099 | $0 |
| Columbia Investment Management | Investment management | $173,952 | $0 |
| Karpus Investment Management, Inc. | Investment management | $113,268 | $0 |
| National Employee Benefits Administ | Contract Administrator | $79,500 | $0 |
| Novak Francella LLC | Accounting (including auditing) | $37,250 | $0 |
| Southern Actuarial Services Company | Actuarial | $26,500 | $0 |
| Pension Fund Evaluations, Inc. | Investment advisory (plan) | $20,000 | $0 |
| PNC Bank NA | Custodial (securities) | $18,501 | $0 |
| DSF Advisors LLC | Investment management | $0 | $9,333 |
| UA of Journeymen & 295 PPF | Recordkeeping and information management | $8,071 | $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$494,652
- Contract administrator fees$79,500
- Other administrative expenses$54,659
- Legal fees$42,285
- IQPA audit fees$32,750
- Actuarial fees$26,500
- Trustee and custodial fees$18,501
- Recordkeeping fees$4,770
- Total administrative expenses$753,617
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.
- Corporate stocks$57.1M · 79.9%
- Registered investment companies (mutual funds)$8.2M · 11.5%
- Partnership/joint venture interests$3.7M · 5.1%
- Cash (interest and non-interest bearing)$2.0M · 2.8%
- Receivables$500K · 0.7%
- Common/collective trusts$9,428 · 0.0%
- Corporate debt instruments$169 · 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, $2,000,000
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)1FCode section 414(k) arrangement
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 |
|---|---|---|---|---|
| Journeymen & Apprentices of Local 188 Pension Fund | Trustees of Journeymen & Apprentices of Local 188 Pension Fund | 779 | $94.4M | $121,235 |
| Plumbers & Pipefitters Local Union 719 Pension Fund | Trustees of the Plumbers & Pipefitters Local Union 719 Pension Fund | 888 | $70.7M | $79,614 |
| Plumbers and Pipefitters Local Union No. 803 Pension Fund | Board of Trustees of Plumbers Local Union No. 803 Pension Fund | 983 | $51.4M | $52,324 |
| Plumbers Local Union No. 519 Pension Fund | Trustees of Plumbers Local Union No. 519 Pension Fund | 1,069 | $45.1M | $42,200 |
| Miami Ironworkers Local 272 Pension Trust Fund | Trustees of Miami Ironworkers Local 272 Pension Trust Fund | 1,378 | $92.4M | $67,059 |
| I.B.E.W. Local No. 728 Pension Fund | Trustees of I.B.E.W. Local No. 728 Pension Fund | 1,466 | $78.3M | $53,444 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Plumbers & Fitters Local Union 295 Pension Plan?
629 participants at the end of the plan year ending 31 Dec 2024, of whom 310 were active employees, with net assets of $71,357,645. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Trustees Plumbers & Fitters Local Union 295 Pension Fund contribute per participant?
The filing reports $4,142,352 in employer contributions for the year, which is $13,362 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 $664,474 in compensation to service provider organisations, $1,056 per participant or 0.93% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $753,617. 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 Plumbers & Fitters Local Union 295 Pension Fund. Recordkeeping or administration: National Employee Benefits Administ and UA of Journeymen & 295 PPF. Investment advisory or management: Atalanta Sosnoff Capital LLC, Columbia Investment Management and Karpus Investment Management, Inc.. Trustee or custodian: PNC Bank NA. 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 15 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 59-6486522, plan 001, received 15 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.