Alabama › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Birmingham P & S Local Union No. 91 Pension Fund
Sponsored by BPS Local 91 Pension Fund, Birmingham, AL
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.
Birmingham P & S Local Union No. 91 Pension Fund is a defined benefit pension plan sponsored by BPS Local 91 Pension Fund of Birmingham, Alabama. For the plan year ending 31 Dec 2024 it reported 953 participants, 389 of them active, and net assets of $31.1M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $32,640 per participant, well below the $86,583 median for defined benefit plans with 500 to 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.
Schedule C lists 7 service provider organisations paid $5,000 or more, with reported compensation of $190K: $200 per participant, well below the same-size median of $377. Administrative expenses charged to the plan were $355K. 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 $22.5M in 2009 to $31.1M in 2024 (up 38%), and participants from 781 to 953 (up 22%).
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 | $32,640 | $86,583 | $100,593 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $13,292 | $10,244 |
| Schedule C compensation per participant | $200 | $377 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.61% | 0.48% | 0.46% | 0.42% |
| Administrative expenses per participant | $373 | $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 | 953 | $31.1M | $32,640 | — | $2.1M | $190K |
| 2023 | 884 | $28.3M | $32,063 | $1.8M | — | $174K |
| 2022 | 793 | $27.1M | $34,151 | $1.9M | — | $179K |
| 2021 | 790 | $32.3M | $40,824 | $1.8M | — | $176K |
| 2020 | 785 | $28.5M | $36,308 | $1.8M | — | $189K |
| 2019 | 762 | $26.3M | $34,577 | $2.3M | — | $190K |
| 2018 | 718 | $22.6M | $31,510 | $2.0M | — | $164K |
| 2017 | 719 | $24.0M | $33,389 | $2.0M | — | $225K |
| 2016 | 721 | $22.7M | $31,438 | $1.6M | — | $217K |
| 2015 | 730 | $22.3M | $30,530 | $1.7M | — | $188K |
| 2014 | 729 | $23.6M | $32,387 | $1.4M | — | $168K |
| 2013 | 728 | $23.6M | $32,451 | $1.1M | — | $133K |
| 2012 | 763 | $21.9M | $28,730 | $1.0M | — | $136K |
| 2011 | 798 | $21.6M | $27,015 | $997K | — | $135K |
| 2010 | 817 | $23.0M | $28,133 | $1.0M | — | $184K |
| 2009 | 781 | $22.5M | $28,857 | $1.0M | — | $143K |
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$28,344,122
- Employer contributions—
- Participant contributions$2,077,306
- Rollovers and other contributions—
- Total contributions$2,077,306
- Total income, including investment results$5,559,667
- Benefits paid$2,442,383
- Administrative expenses$355,246
- Total expenses$2,797,629
- Net income$2,762,038
- Net transfers$0
- Net assets, end of year$31,106,160
Participants
- Active participants389
- Retired or separated, receiving benefits275
- Retired or separated, entitled to future benefits212
- Total participants, end of year953
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| The Segal Company | Actuarial | $61,385 | $0 |
| Regions | Investment management; Investment advisory (plan) | $33,542 | $0 |
| Standard Valuations | Investment advisory (plan) | $30,000 | $0 |
| Potter Bryant & Moore PC | Accounting (including auditing) | $19,875 | $0 |
| Newtower Trust Company | — | $17,153 | $0 |
| Quinn Connor Weaver Davies & Rouco | Legal | $14,588 | $0 |
| Horizon Actuarial Services | Investment management; Actuarial | $13,833 | $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 trustee fees and expenses$133,002
- Investment advisory and management fees$80,695
- Actuarial fees$75,217
- Salaries and allowances$31,869
- IQPA audit fees$19,875
- Legal fees$14,588
- Total administrative expenses$355,246
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)$21.8M · 70.0%
- Other investments$3.7M · 12.0%
- Corporate stocks$2.9M · 9.2%
- Corporate debt instruments$1.2M · 3.8%
- U.S. Government securities$836K · 2.7%
- Cash (interest and non-interest bearing)$456K · 1.5%
- Receivables$233K · 0.7%
- Buildings and other property used in plan operation$25K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDent Moses, LLP
- 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
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 Alabama
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Local Union 903 I.B.E.W. Pension Plan | Local Union 903 I.B.E.W. Pension Plan | 979 | $81.0M | $82,689 |
| Mechanical Contractors UA Local 119 Pension Plan | Mechanical Contractors UA Local 119 Pension Plan | 706 | $67.4M | $95,471 |
| IBEW Local 505 Neca Pension Plan | IBEW Local 505 Neca Pension Plan | 1,071 | $71.7M | $66,913 |
| Tuscaloosa Plumbers & Steamfitters Local 372 Pension Plan | Tuscaloosa Plumbers & Steamfitters Local 372 Pension Plan | 545 | $69.2M | $127,008 |
| Asbestos Workers Local Union No 55 Pension Plan | Asbestos Workers Local Union No 55 | 233 | $14.5M | $62,426 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Birmingham P & S Local Union No. 91 Pension Fund?
953 participants at the end of the plan year ending 31 Dec 2024, of whom 389 were active employees, with net assets of $31,106,160. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does BPS Local 91 Pension Fund contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $190,376 in compensation to service provider organisations, $200 per participant or 0.61% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $355,246. 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 BPS Local 91 Pension Fund. Investment advisory or management: Regions, Standard Valuations and Horizon Actuarial Services. The financial statements were audited by Dent Moses, LLP. 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 63-0437949, 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.