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← PLUMBERS & PIPEFITTERS LOCAL 525 HEALTH & WELFARE FUND

Form 990 for tax year 2024

Filed by PLUMBERS & PIPEFITTERS LOCAL 525 HEALTH & WELFARE FUND.

Totals

Total revenue
$43,188,370
Total expenses
$31,667,344
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,197,846
Investment income
$2,441,585
Other revenue
$12,548,939
Total assets, end of year
$62,062,388
Total liabilities, end of year
$213,861,511
Net assets or fund balances, end of year
-$151,799,123
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $27,155,423 · related or exempt $27,155,423

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $1,042,423 · related or exempt $1,042,423

  • 3 · Investment income

    total $1,717,744 · excluded $1,717,744

  • 7a · Gross sales of assets other than inventory

    securities $63,213,707

  • 7b · Less cost or other basis and sales expenses

    securities $62,489,866

  • 7c · Gain or loss

    securities $723,841

  • 7d · Net gain or loss

    total $723,841 · excluded $723,841

  • 11a · Other revenue: DECREASE IN BENEFIT OBLIGATION

    total $8,710,673 · related or exempt $8,710,673

  • 11b · Other revenue: REBATE INCOME

    total $3,323,531 · related or exempt $3,323,531

  • 11c · Other revenue: MEDICARE DRUG SUBSIDY

    total $443,873 · related or exempt $443,873

  • 11d · All other revenue

    total $70,862 · related or exempt $70,862

  • 11e · Other revenue, total

    $12,548,939

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $28,817,640

  • 11a · Fees: management

    total $933,352

  • 11b · Fees: legal

    total $344,188

  • 11c · Fees: accounting

    total $237,036

  • 11f · Fees: investment management

    total $226,008

  • 11g · Fees: other

    total $354,639

  • 13 · Office expenses

    total $202,457

  • 16 · Occupancy

    total $16,869

  • 19 · Conferences, conventions and meetings

    total $29,973

  • 22 · Depreciation, depletion and amortization

    total $54,373

  • 23 · Insurance

    total $8,615

  • 24a · Other expenses: PPO AND COUNSELING

    total $374,247

  • 24e · All other expenses

    total $67,947

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $523,230 · end of year $1,301,980

  • 2 · Savings and temporary cash investments

    beginning of year $2,275,796 · end of year $4,927,208

  • 4 · Accounts receivable

    beginning of year $5,964,527 · end of year $4,864,078

  • 5 · Loans and receivables from officers and key people

    beginning of year $22,798 · end of year $23,953

  • 9 · Prepaid expenses and deferred charges

    beginning of year $767,113 · end of year $795,305

  • 10a · Land, buildings and equipment: cost or other basis

    $681,331

  • 10b · Land, buildings and equipment: accumulated depreciation

    $318,631

  • 10c · Land, buildings and equipment, net

    beginning of year $417,074 · end of year $362,700

  • 11 · Investments: publicly traded securities

    beginning of year $37,045,723 · end of year $30,844,338

  • 12 · Investments: other securities

    beginning of year $10,187,276 · end of year $18,318,615

  • 15 · Other assets

    beginning of year $786,206 · end of year $624,211

  • 17 · Accounts payable and accrued expenses

    beginning of year $342,948 · end of year $313,382

  • 19 · Deferred revenue

    beginning of year $147,659 · end of year $142,846

  • 25 · Other liabilities

    beginning of year $222,208,458 · end of year $213,405,283

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$164,709,322 · end of year -$151,799,123

Mission and programs · 2024

Mission

TO PROVIDE MEDICAL, DISABILITY, VISION, DENTAL AND LIFE INSURANCE BENEFITS TO PLAN PARTICIPANTS. THE PLAN ALSO PAYS FOR A SUBSTANCE ABUSE DETECTION PROGRAM.

  • TO PROVIDE MEDICAL, VISION, DENTAL, DISABILITY, AND LIFE INSURANCE BENEFITS TO PLAN PARTICIPANTS. THE PLAN ALSO PAYS FOR A SUBSTANCE ABUSE DETECTION PROGRAM.

As filed on the 2024 return.

Listed in Part VII

  • David Wood

    CHAIR/LABOR TRUSTEE

    Total calculated
    $308,804
    From this org
    $0
    From related orgs
    $211,042
    Other
    $97,762
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,042 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $74,734 related
    Nontaxable benefits
    $0 + $23,028 related
    Filer's total
    $0 + $308,804 related

  • Ryan Litster

    LABOR TRUSTEE

    Total calculated
    $282,205
    From this org
    $0
    From related orgs
    $187,925
    Other
    $94,280
    Hours/week
    2 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,925 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $71,252 related
    Nontaxable benefits
    $0 + $23,028 related
    Filer's total
    $0 + $282,205 related

  • Chase Hoskins

    LABOR TRUSTEE

    Total calculated
    $316,181
    From this org
    $0
    From related orgs
    $221,901
    Other
    $94,280
    Hours/week
    2 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,901 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $71,252 related
    Nontaxable benefits
    $0 + $23,028 related
    Filer's total
    $0 + $316,181 related

  • Eric Rubeck

    ALTERNATE LABOR TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • William Hern

    ALTERNATE LABOR TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jeff Orr

    ALTERNATE LABOR TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mandi Wilkins

    CO-CHAIR/MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Corey Doyne

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 42 related

  • Torey Mantor

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 42 related

  • Tyler Bonwell

    ALTERNATE MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 42 related

  • Tim Walker

    ALTERNATE MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 42 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BB MECHANICAL LLC

  • BOMBARD MECHANICAL LLC

  • CLIMATE PROS LLC

  • MSTS - MISSION SUPPORT AND TEST SERVICES LLC

  • PIPEWERX MECHANICAL LLC

  • PIPE PROS LLC

  • ICONBIM LLC

  • MJ ELECTRIC LLC

  • HARRIS MOUNTAIN WEST LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AC&R SPECIALISTS

  • ACCO ENGINEERED SYSTEMS

  • ALL SEASONS INTERIOR

  • AMENTUM SERVICES INC

  • AMN MECHANICAL INC

  • ARB INC

  • ATLANTIC PLANT MAINTENANCE

  • BARIN GROUP

  • BIM DESIGNS INC

  • BURLINGTON PLUMBING INC

  • CANYON ELECTRIC COMPANY INC

  • CARRIER BUILDING SERVICES

  • CERRIS SYSTEMS WEST INC

  • CG&B ENTERPRISES INC

  • CHILL-RITE INC

  • CLEARWATER MECHANICAL INC

  • CR MEYER

  • DAIKIN APPLIED AMERICAS

  • DOUBLE DOWN MECHANICAL

  • EMCOR SERVCEMESA ENERGY SYSTEM

  • FCR AC & HEATING

  • FORCE INDUSTRIAL MECHANICAL

  • GARTNER REFRIGERATION INC

  • GORDON MECHANICAL NV

  • HANSEN MECHANICAL

  • HARDER MECHANICAL CONTRACTORS

  • HARRIS

  • HAWTHORNE PLUMBING INC

  • HENRI SPECIALTIES

  • JCORD

  • JOHNSON CONTROLS

  • KOH MECHANICAL

  • LIBERTY HEATING & AIR CONDITIONING

  • LLOYD'S REFRIGERATION

  • MESA MECHANICAL INC

  • MISTAMERICA CORPORATION

  • MMC CONTRACTORS NATIONAL INC

  • MONSTER MECHANICAL LTD

  • MURRAY PLUMBING & HEATING CORP DBA MURRAY COMPANY

  • NEVADA TAP MASTER INC

  • NOOTER CONSTRUCTION COMPANY

  • NORTHERN PIPELINE CONST

  • OLYMPUS PLUMBING INC

  • P1 CONSTRUCTION

  • RYAN MECHANICAL INC

  • S3H MECHANICAL

  • SCHARDEIN MECHANICAL

  • SECURITY PLUMBING & AIR COND

  • SILVER STATE MECHANICAL

  • SOUTHLAND INDUSTRIES

  • STRONG MAN SERVICE INC - DBA SMS MECHANICAL

  • SUNBELT CONTROLS INC

  • WEB MECHANICAL

  • YARD PLUMBING

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349322429

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