Plan Ledger DOL Form 5500 · updated monthly

Asbestos Workers Local 84 Annuity PlanMoney purchase plan

ASBESTOS WORKERS LOCAL 84 ANNUITY PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
1.37%

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

Asbestos Workers Local 84 Annuity Plan reported $170,765 in plan administrative expenses for 2024: 1.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $10,032 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 1.88% to 1.37%. 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 779th-largest of 1,562 plans among Indiana employers on file, and 2,678th of 5,337 in construction. active participation has shrunk from 144 to 109 since 2022.

Plan summary
Net assets, end of year$13,045,985
Participants with balances230
Active participants109
Employer contributions$1,093,516
Employee contributions—
Employer contribution per active participant$10,032
Average account balance$56,722
Benefits paid to participants$1,375,607
Plan auditUnmodified (clean) audit opinion
AuditorYURCHYK & DAVIS CPA'S INC.
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 230 accts · $1.1M emplr
2023$11.9M · 278 accts · $1.4M emplr
2022$9.6M · 273 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,732
Investment management$12,000
Audit (IQPA)$8,900
Trustee / custodial$31,179
Total administrative$170,765
Employer contributions to the Asbestos Workers Local 84 Annuity Plan plan · 2024
Employer contribution per active participant$10,032
Median for plans this size$2,416
2024$10,032 per active participant
2023$10,244 per active participant
2022$9,152 per active participant

Asbestos Workers Local 84 Annuity Plan's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20245
HEALTHSCOPE BENEFITS, INC. · Contract administrator · Recordkeeping$13,212
JOHN HANCOCK RETIREMENT SERVICES · Custodial (securities)$30,916
UBS FINANCIAL SERVICES, INC. · Consulting · Investment advisory (plan)$12,000
YURCHYK & DAVIS CPA'S, INC. · Accounting / audit$8,900
MACALA & PIATT, LLC · Legal$6,953

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

Administrative cost history3
2024$170,765 · 1.37%
2023$207,097 · 1.93%
2022$190,340 · 1.88%
Similar plansConstruction · Indiana
Mep Holding Company Inc. IN$14.7M · 0.08%
Crg Residential, LLC IN$12.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341540318 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.