B of T Ibew Local No 640 & Az Chapter Neca Defined Contribution PlanMoney purchase plan

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

B of T Ibew Local No 640 & Az Chapter Neca Defined Contribution Plan reported $606,409 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,770 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 0.52% to 0.47%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 100th-largest of 1,285 plans among Arizona employers on file, and the 476th of 5,337 in construction. In 2024, the employer put in $12.07 for every $1.00 employees contributed themselves; active participation has grown from 3,942 to 6,339 since 2022.