Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of District Council No. 14 Metal Polishers401(k)

DISTRICT COUNCIL NO. 14 METAL POLISHERS 401(K) · DARIEN, IL · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Board of Trustees of District Council No. 14 Metal Polishers reported $42,611 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,508 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 0.40% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Illinois (2,647th of 3,702), and 3,454th of 5,337 in construction. In 2024, the employer put in $1.55 for every $1.00 employees contributed themselves; active participation has grown from 118 to 152 since 2022.

Plan summary
Net assets, end of year$7,649,773
Participants with balances187
Active participants152
Employer contributions$229,259
Employee contributions$147,472
Employer contribution per active participant$1,508
Average account balance$40,908
Benefits paid to participants$510,406
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 187 accts · $229K emplr
2023$6.8M · 169 accts · $245K emplr
2022$5.7M · 175 accts · $225K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,110
Audit (IQPA)$17,500
Trustee / custodial$942
Total administrative$42,611
The Board of Trustees of District Council No. 14 Metal Polishers 401(k) match · 2024
Employer contribution per active participant$1,508
Median for plans this size$1,313
2024$1,508 per active participant
2023$2,108 per active participant
2022$1,904 per active participant

Board of Trustees of District Council No. 14 Metal Polishers's 2024 employer contribution ran above the $1,313 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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Contract administrator$3,110
LEGACY PROFESSIONALS LLP · Accounting / audit$17,500
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$42,611 · 0.59%
2023$31,878 · 0.51%
2022$24,059 · 0.40%
Similar plansConstruction · Illinois
Optima, Inc. IL$9.3M · 0.61%
R.L. Brink Corp. IL$7.3M · 0.34%
Atmi Precast IL$6.7M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800967624 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.