Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution401(k)
MECHANICS LOCAL NO. 701 DEFINED CONTRIBUTION 401(K · BURR RIDGE, IL · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution reported $474,689 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~90% of peers. Employer contributions averaged $371 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 0.77% to 0.63%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 642nd-largest of 3,702 plans among Illinois employers on file, and the 241st of 3,341 in other services. In 2024, employees put in $5.92 for every $1.00 the employer contributed; active participation has grown from 3,663 to 4,321 since 2022.
Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 471959684 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.