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 |
|---|---|---|---|---|
| BULTYNCK & CO., P.L.L.C. | Auditor | $23,460 | — | $23,460 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,460
- Estimated Expense Ratio: 0.008% 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 |