Local 51 retirement plan: assets, participants and fees
What Local 51's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Ward, Fisher & Company, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 658 defined-contribution plans in finance and insurance with 500 to 999 participants.
| Local 51: employer contribution per participant | $5,371 | |
| Peer median | $2,935 |
| Local 51: average balance | $85,705 | |
| Peer median | $92,585 |
| Local 51: admin expenses ÷ assets | 0.62% | |
| Peer median | 0.15% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $73.5M at the end of plan year 2023 to $82.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,475 | $82.9M | $5.2M | $5,371 | 0.62% | Not published | Form 5500 ↗ |
| 2023 | 1,444 | $73.5M | $4.7M | $4,953 | 0.52% | Not published | Form 5500 ↗ |
Common questions
Does Local 51 match 401(k) contributions?
The match terms for the Plumbers & Pipefitters Local Union #51 Annuity Plan have not been published from its filing yet. The plan year 2024 filing reports $5.2M in employer contributions, about $5,371 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Local 51 401(k) match vested?
The vesting schedule for the Plumbers & Pipefitters Local Union #51 Annuity Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Local 51 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Local 51.
I left Local 51. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Local 51, (401) 943-3033) or the recordkeeper, Principal Life Insurance Company. The Local 51 old 401(k) page lists the contacts from every plan filing. Find an old Local 51 401(k)
Data from the public Form 5500 annual reports Local 51 filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Local 51. Not financial advice. Report a correction · Methodology