Plan Ledger DOL Form 5500 · updated monthly

Bd of Trustees Ibew-Neca Retirement Plan Local Union 257Profit-sharing plan

IBEW-NECA RETIREMENT PLAN · ST. LOUIS, MO · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Bd of Trustees Ibew-Neca Retirement Plan Local Union 257 reported $274,701 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $10,792 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 rose from 0.13% to 0.14%. 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 108th-largest of 1,393 plans among Missouri employers on file, and the 323rd of 5,337 in construction.

Plan summary
Net assets, end of year$213,342,476
Participants with balances750
Active participants659
Employer contributions$7,111,786
Employee contributions—
Employer contribution per active participant$10,792
Average account balance$284,457
Benefits paid to participants$15,485,537
Plan auditUnmodified (clean) audit opinion
AuditorANDERS MINKLER HUBER HELM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$213.3M · 750 accts · $7.1M emplr
2023$192.0M · 702 accts · $6.8M emplr
2022$161.5M · 693 accts · $6.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,311
Investment management$40,667
Audit (IQPA)$29,618
Total administrative$274,701
Employer contributions to the Bd of Trustees Ibew-Neca Retirement Plan Local Union 257 plan · 2024
Employer contribution per active participant$10,792
Median for plans this size$3,635
2024$10,792 per active participant
2023$10,790 per active participant
2022$9,757 per active participant

Bd of Trustees Ibew-Neca Retirement Plan Local Union 257's 2024 employer contribution ran above the $3,635 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
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping$18,311
IBEW-NECA SERVICE CENTER · Contract administrator$108,582
ANDERS MINKLER HUBER & HELM LLP · Accounting / audit$29,618
SCARBOROUGH ALLIANCE GROUP · Investment advisory (participants)$20,667
MARQUETTE & ASSOCIATES · Investment advisory (plan)$20,000

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Bd of Trustees Ibew-Neca Retirement Plan Local Union 257 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).

Administrative cost history3
2024$274,701 · 0.14%
2023$224,003 · 0.13%
2022$227,687 · 0.13%
Similar plansConstruction · Missouri
Arco Business Services, Inc. MO$196.3M · 0.15%
Aegion Corporation MO$189.6M · 0.09%
Arco Business Services, Inc. MO$166.2M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431188395 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.