Bd of Trustees I.B.E.W. Local 1253 Retirement PlanProfit-sharing plan
I.B.E.W. LOCAL 1253 RETIREMENT PLAN · NEWPORT, ME · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Bd of Trustees I.B.E.W. Local 1253 Retirement Plan reported $151,128 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,302 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 0.34% to 0.29%. 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 62nd-largest of 354 plans among Maine employers on file, and the 978th of 5,337 in construction. active participation has grown from 477 to 565 since 2022.
Bd of Trustees I.B.E.W. Local 1253 Retirement Plan's 2024 employer contribution ran above the $3,635 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.
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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 016045419 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.