Plumbers and Pipefitters Local 553
Form 5500 DataOverview
Plan Description
Plumbers and Pipefitters Local 553 401k and Supplemental Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 71. This plan is in the top 15% of plans for Account Balances and Participation Rate. Plumbers and Pipefitters Local 553 401k and Supplemental Retirement Plan currently has over 400 active participants and over $69.3M in plan assets.
Did you know?
For the average 401k participant, the 18 point difference between this plan's BrightScope Rating (71) and the top rated plan (89) could equate to:
11
Additional years of work
57,294
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?
Plan Details
Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.
Plan data accurate as of 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 2 S Wesley Dr
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 2 S Wesley Dr
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LocationEast Alton , IL62024-2097
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IndustryPlumbing, Heating, and Air-Conditioning Contractors
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Net Plan Assets$69,300,000
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Total Participants420
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Avg Account Balance$170,000
Plan Components
Component Ratings
Design
Total Plan Cost:
Low Fees
Company Generosity:
Above Average
Performance
Participation Rate:
Great
Salary Deferrals:
Average
Account Balance:
Great
Design
Total Plan Cost:
Low Fees
Company Generosity:
Above Average
Performance
Participation Rate:
Great
Salary Deferrals:
Average
Account Balance:
Great
Peer Group Plans
Top Industry Articles
Compliance
Stimulus Bill Extends Some Provisions of the CARES Act
It also provides a way for retirement plan sponsors to avoid a partial plan termination.
December 28, 2020
Practice Management
Practice Management: Areas of Success
A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.
December 28, 2020
Deals & People
HUB Names New Leader for Retirement and Private Wealth
PLANADVISER has learned that HUB International has named Joe DeNoyior as the new leader for Retirement and Private Wealth.
January 22, 2021
exclusives
Democrats Have Won the Power to Fix Union Pensions
A bipartisan compromise solution to end the multiemployer pension crisis is urgently required, sources agree, and one could finally be forthcoming in the U.S. Congress.
January 19, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Investments
Largest Funds in this Plan | Allocation of Assets | 1 YR Rank in Category |
---|---|---|
American Funds (Capital Group) Target Date Retirement | 13% |
8%
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Wilmington Trust Stable Value Fund | 10% |
N/A
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Vanguard Explorer | 8% |
61%
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100%
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100%
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100%
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100%
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View all funds in this plan
Providers
Articles and Questions

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