Plan Ledger DOL Form 5500 · updated monthly

Bd of Trustees of Electricians' Salary Deferral Plan of Local 1 Ibew-401(k)

ELECTRICIANS' SALARY DEFERRAL PLAN OF LOCAL 1, IBEW- ST. LOUIS CHAPTER NECA · ST. LOUIS, MO · plan year 2024

Reported admin expense ratio · 2024
0.11%

Bd of Trustees of Electricians' Salary Deferral Plan of Local 1 Ibew- reported $293,931 in plan administrative expenses for 2024: 0.11% of average plan assets, above the peer median. 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 0.14% to 0.11%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 86th-largest of 1,393 plans among Missouri employers on file, and the 237th of 5,337 in construction.

Plan summary
Net assets, end of year$288,541,703
Participants with balances2,366
Active participants2,056
Employer contributions—
Employee contributions$10,931,780
Employer contribution per active participant—
Average account balance$121,953
Benefits paid to participants$18,642,522
Plan auditUnmodified (clean) audit opinion
AuditorANDERS MINKLER HUBER HELM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$288.5M · 2,366 accts
2023$257.8M · 2,213 accts
2022$221.2M · 2,209 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,006
Investment management$87,444
Audit (IQPA)$26,200
Total administrative$293,931
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 · 20247
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Custodial (securities)$40,006
SCARBOROUGH ALLIANCE GROUP · Investment advisory (participants) · Investment management$65,444
IBEW-NECA SERVICE CENTER · Contract administrator$48,588
ANDERS MINKLER HUBER & HELM LLP · Accounting / audit$26,200
MARQUETTE ASSOCIATES · Investment advisory (plan)$22,000
COMMERCE BANK · Investment management$8,530
SCHUCHAT, COOK & WERNER · Legal$6,744

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 of Electricians' Salary Deferral Plan of Local 1 Ibew- 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$293,931 · 0.11%
2023$321,823 · 0.13%
2022$347,314 · 0.14%
Similar plansConstruction · Missouri
Ibew Local Union No. 124 MO$445.1M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431529993 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.