Plumbers Local 98 Defined Benefit Pension Fund retirement plan: assets, participants and fees
What Plumbers Local 98 Defined Benefit Pension Fund'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 | Benesys, Inc. | Schedule C ↗ |
| Independent auditor | Bultynck & Co., P.L.L.C. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 287 pension plans in construction with 1,000 to 4,999 participants.
| Plumbers Local 98 Defined Benefit Pension Fund: employer contribution per participant | $10,874 | |
| Peer median | $5,506 |
| Plumbers Local 98 Defined Benefit Pension Fund: average balance | $120,006 | |
| Peer median | $105,184 |
| Plumbers Local 98 Defined Benefit Pension Fund: admin expenses ÷ assets | 0.41% | |
| Peer median | 0.59% |
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 $258M at the end of plan year 2021 to $295M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,462 | $295M | $26.8M | $10,874 | 0.41% | Not published | Form 5500 ↗ |
| 2023 | 2,515 | $257M | $26.1M | $10,395 | 0.47% | Not published | Form 5500 ↗ |
| 2022 | 2,501 | $225M | $24M | $9,577 | 0.47% | Not published | Form 5500 ↗ |
| 2021 | 2,507 | $258M | $22.2M | $8,865 | 0.50% | Not published | Form 5500 ↗ |
Common questions
Does Plumbers Local 98 Defined Benefit Pension Fund match 401(k) contributions?
The match terms for the Plumbers Local No 98 Defined Benefit Pension Fund have not been published from its filing yet. The plan year 2024 filing reports $26.8M in employer contributions, about $10,874 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Plumbers Local 98 Defined Benefit Pension Fund 401(k) match vested?
The vesting schedule for the Plumbers Local No 98 Defined Benefit Pension Fund is not in the data published so far. Your Summary Plan Description states it.
Who manages the Plumbers Local 98 Defined Benefit Pension Fund 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Benesys, Inc.. The plan administrator is Benesys Inc.
I left Plumbers Local 98 Defined Benefit Pension Fund. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Benesys Inc, (248) 813-9800) or the recordkeeper, Benesys, Inc.. The Plumbers Local 98 Defined Benefit Pension Fund old 401(k) page lists the contacts from every plan filing. Find an old Plumbers Local 98 Defined Benefit Pension Fund 401(k)
Data from the public Form 5500 annual reports Plumbers Local 98 Defined Benefit Pension Fund filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Plumbers Local 98 Defined Benefit Pension Fund. Not financial advice. Report a correction · Methodology