Plan Snapshot
- Plan Sponsor: Trustees Of The Plumbers And Pipefitters Local 123 Pension Fund
- Sponsor EIN: 596164124
- Sponsor Address: 8657 BAYPINE ROAD, JACKSONVILLE, FL, 32256
- Plan Type: DB
- Total Participants: 568
- Total Assets: $67.4M
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 | 568 | $67.4M | $7.3M | $0 |
| 2023 | 558 | $60.1M | $6.6M | $0 |
| 2022 | 477 | $52.7M | $5.6M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY, LLC | NONE | $201,622 | — | $201,622 |
| NATIONAL EMPLOYEE BENEFIT ADMINISTR | NONE | $123,024 | — | $123,024 |
| HORIZON ACTUARIAL SERVICES LLC | NONE | $99,918 | — | $99,918 |
| INVESCO ADVISERS, INC | NONE | $51,607 | — | $51,607 |
| VENABLE LAW FIRM | NONE | $34,194 | — | $34,194 |
| PLUMBERS AND PIPEFITTERS LOCAL 123 | RELATED LOCAL UNION | $29,295 | — | $29,295 |
| LEGACY PROFESSIONALS LLP | NONE | $22,132 | — | $22,132 |
| SEGALL BRYANT HAMILL | NONE | $17,631 | — | $17,631 |
| FOUNDRY PARTNERS, LLC | NONE | $13,119 | — | $13,119 |
| TRUIST BANK | NONE | $5,525 | — | $5,525 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY, LLC — NONE
- LEGACY PROFESSIONALS LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $598,067
- Estimated Expense Ratio: 0.888% 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 | $677,682 | $289,249 | $123,024 | $20,500 | — |
| 2023 | $664,277 | $272,637 | $123,024 | $20,000 | — |
| 2022 | $660,167 | $292,133 | $123,024 | — | $117,087 |