Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401K401(k)

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

Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401K reported $4,799,852 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~90% of peers. Employer contributions averaged $23,450 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 0.35% to 0.29%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other construction employers. By assets it is the 42nd-largest of 2,419 plans among New Jersey employers on file, and the 29th of 5,337 in construction. In 2024, the employer put in $2.75 for every $1.00 employees contributed themselves.