Plan Ledger DOL Form 5500 · updated monthly

Bd of Trustees of Chicago Painters & Decorators Retirement Savings FdProfit-sharing plan

CHICAGO PAINTERS AND DECORATORS RETIREMENT SAVINGS FUND · DARIEN, IL · plan year 2024

Reported admin expense ratio · 2024
1.62%

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

Bd of Trustees of Chicago Painters & Decorators Retirement Savings Fd reported $392,713 in plan administrative expenses for 2024: 1.62% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,728 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 0.03% to 1.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,364th-largest of 3,702 plans among Illinois employers on file, and the 1,584th of 5,337 in construction.

Plan summary
Net assets, end of year$28,496,142
Participants with balances3,116
Active participants3,059
Employer contributions$8,343,615
Employee contributions—
Employer contribution per active participant$2,728
Average account balance$9,145
Benefits paid to participants$661,479
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.5M · 3,116 accts · $8.3M emplr
2023$20.0M · 3,191 accts · $7.2M emplr
2022$11.1M · 2,999 accts · $4.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$203,088
Investment management$1,000
Audit (IQPA)$15,000
Trustee / custodial$360
Total administrative$392,713
Employer contributions to the Bd of Trustees of Chicago Painters & Decorators Retirement Savings Fd plan · 2024
Employer contribution per active participant$2,728
Median for plans this size$2,416
2024$2,728 per active participant
2023$2,319 per active participant
2022$1,727 per active participant

Bd of Trustees of Chicago Painters & Decorators Retirement Savings Fd's 2024 employer contribution ran above the $2,416 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.

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 · 20246
EMPOWER ANNUITY INSURANCE CO. · Recordkeeping · Custodial (securities)$170,679
BRIDGEWAY BENEFIT TECHNOLOGIES · Recordkeeping$8,655
ZENITH AMERICAN SOLUTIONS · Contract administrator$32,409
ARNOLD & KADJAN · Legal$12,227
LANER MUCHIN · Legal$11,898
BOND BROTHERS$5,378

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

Administrative cost history3
2024$392,713 · 1.62%
2023$104,334 · 0.67%
2022$2,182 · 0.03%
Similar plansConstruction · Illinois
The Morse Group, Inc. IL$28.8M · 0.39%
Nti Connect, LLC IL$28.2M · 0.29%
Executive Construction Inc. IL$27.2M · 0.06%
Fcl Builders, LLC IL$26.0M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 851174398 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.