Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Bac Local 15 Pension FundMoney purchase plan

BAC LOCAL UNION 15 SUPPLEMENTAL PLAN · KANSAS CITY, MO · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Board of Trustees Bac Local 15 Pension Fund reported $287,942 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,862 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 0.52% to 0.47%. 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 278th-largest of 1,393 plans among Missouri employers on file, and the 891st of 5,337 in construction.

Plan summary
Net assets, end of year$62,722,431
Participants with balances2,231
Active participants674
Employer contributions$1,928,952
Employee contributions—
Employer contribution per active participant$2,862
Average account balance$28,114
Benefits paid to participants$3,436,701
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$62.7M · 2,231 accts · $1.9M emplr
2023$60.5M · 2,205 accts · $1.9M emplr
2022$54.9M · 2,199 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,073
Investment management$131,887
Audit (IQPA)$20,900
Total administrative$287,942
Employer contributions to the Board of Trustees Bac Local 15 Pension Fund plan · 2024
Employer contribution per active participant$2,862
Median for plans this size$3,635
2024$2,862 per active participant
2023$2,789 per active participant
2022$2,283 per active participant

Board of Trustees Bac Local 15 Pension Fund's 2024 employer contribution ran below 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.

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 · 20248
LOOMIS SAYLES · Investment management$80,580
WILSON MCSHANE CORPORATION · Contract administrator$76,489
ARNOLD, NEWBOLD, SOLLARS & HOLLINS · Legal$24,332
SEGAL ADVISORS · Investment advisory (plan)$21,500
RUBINBROWN, LLP · Accounting / audit$20,900
BLACKROCK INSTITUTIONAL TRUST CO · Trustee · Trustee (discretionary)$18,078
CONSTRUCTION BENEFIT AUDIT CORP · Accounting / audit$17,623
COMMERCE TRUST · Trustee · Trustee (discretionary)$7,428

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$287,942 · 0.47%
2023$265,946 · 0.46%
2022$299,018 · 0.52%
Similar plansConstruction · Missouri
Sachs Electric Company MO$72.5M · 0.02%
Plumbers Local 8 Dc Plan MO$52.6M · 0.47%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 436102453 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.