Plan Snapshot
- Plan Sponsor: Plumbers Local 98 Defined Benefit Pension Fund
- Sponsor EIN: 383031916
- Sponsor Address: 700 TOWER DRIVE, TROY, MI, 48098
- Plan Type: DB
- Total Participants: 772
- Total Assets: $295.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 772 | $295.6M | $26.8M | $0 |
| 2023 | 814 | $257.6M | $26.1M | $0 |
| 2022 | 780 | $225.4M | $24.0M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| BENESYS, INC. | Other Service Provider | $267,482 | — | $267,482 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $142,563 | — | $142,563 |
| STRATEGIC CAPITAL INVESTMENT ADVR. | Other Service Provider | $94,170 | — | $94,170 |
| THE SEGAL COMPANY INC. | Other Service Provider | $61,701 | — | $61,701 |
| ASHER KELLY LAW | Other Service Provider | $53,769 | — | $53,769 |
| COMERICA BANK | Other Service Provider | $30,072 | — | $30,072 |
| AMERICAN GRAPHICS PRINTING CO | Other Service Provider | $28,899 | — | $28,899 |
| BULTYNCK & CO., PLLC | Other Service Provider | $21,500 | — | $21,500 |
| UNITED ACTUARIAL SERVICES, INC. | Other Service Provider | $11,792 | — | $11,792 |
| DIGITAL DATA, INC. | Other Service Provider | $8,232 | — | $8,232 |
| STEFANSKY, HOLLOWAY, & NICHOLS | Other Service Provider | $6,550 | — | $6,550 |
| NICKLE & SAPH, INC | Other Service Provider | $6,300 | — | $6,300 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $733,030
- Estimated Expense Ratio: 0.248% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,140,131 | $488,651 | $245,175 | $23,460 | — |
| 2023 | $1,128,524 | $522,185 | $241,414 | $22,125 | — |
| 2022 | $1,128,270 | $537,429 | $235,457 | — | $112,215 |