Plan Ledger DOL Form 5500 · updated monthly

Allied Workers Local 48 Annuity Pl Board of TrusteesMoney purchase plan

ALLIED WORKERS LOCAL 48 ANNUITY PLAN · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.91%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Allied Workers Local 48 Annuity Pl Board of Trustees reported $112,517 in plan administrative expenses for 2024: 0.91% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,896 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.98% to 0.91%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 725th-largest of 1,496 plans among Tennessee employers on file, and the 2,631st of 5,337 in construction. active participation has grown from 598 to 793 since 2022.

Plan summary
Net assets, end of year$13,576,288
Participants with balances798
Active participants793
Employer contributions$1,503,433
Employee contributions—
Employer contribution per active participant$1,896
Average account balance$17,013
Benefits paid to participants$594,507
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$13.6M · 798 accts · $1.5M emplr
2023$11.1M · 655 accts · $1.1M emplr
2022$8.9M · 603 accts · $931K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,000
Investment management$64,501
Audit (IQPA)$11,725
Total administrative$112,517
Employer contributions to the Allied Workers Local 48 Annuity Pl Board of Trustees plan · 2024
Employer contribution per active participant$1,896
Median for plans this size$2,416
2024$1,896 per active participant
2023$1,751 per active participant
2022$1,557 per active participant

Allied Workers Local 48 Annuity Pl Board of Trustees's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
JOHN HANCOCK LIFE INSURANCE COMPANY · Plan administrator · Recordkeeping$55,501
SOUTHERN BENEFIT ADMINISTRATORS INC · Plan administrator$18,187
DANIELS, IRWIN & AYLOR · Accounting / audit$11,725
O'DONOGHUE & O'DONOGHUE LLP · Legal$9,097
MORGAN STANLEY WEALTH MANAGEMENT · Investment advisory (plan)$9,000
QUINN CONNOR WEAVER DAVIES & ROUCO · Legal$667

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$112,517 · 0.91%
2023$100,801 · 1.01%
2022$80,827 · 0.98%
Similar plansConstruction · Tennessee
Ford Construction Company TN$14.2M · 0.43%
31-W Insulation Co., Inc. TN$13.7M · 0.08%
Enterprise Electric, LLC TN$12.1M · 0.28%
Gem Technologies, Inc. TN$11.7M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454606516 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.