Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, Cement Masons and Plasterers 401(K) Trust401(k)

CEMENT MASONS AND PLASTERERS 401K PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
2.74%

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

Board of Trustees, Cement Masons and Plasterers 401(K) Trust reported $372,419 in plan administrative expenses for 2024: 2.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,698 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 1 year on file its reported administrative ratio fell from 3.56% to 2.74%. 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 757th-largest of 1,714 plans among Washington employers on file, and the 2,218th of 5,337 in construction. In 2024, the employer put in $10.25 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$17,585,397
Participants with balances1,975
Active participants2,421
Employer contributions$6,531,679
Employee contributions$637,081
Employer contribution per active participant$2,698
Average account balance$8,904
Benefits paid to participants$187,809
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$17.6M · 1,975 accts · $6.5M emplr
2023$9.6M · 1,849 accts · $8.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$266,902
Investment management$17,500
Audit (IQPA)$22,639
Trustee / custodial$9,350
Total administrative$372,419
The Board of Trustees, Cement Masons and Plasterers 401(K) Trust 401(k) match · 2024
Employer contribution per active participant$2,698
Median for plans this size$2,416
2024$2,698 per active participant
2023$3,885 per active participant

Board of Trustees, Cement Masons and Plasterers 401(K) Trust'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 · 20247
WPAS, INC · Contract administrator · Plan administrator$141,824
MILLIMAN · Recordkeeping$7,883
MATRIX TRUST COMPANY · Consulting$134,728
CLIFTONLARSONALLEN LLP · Accounting / audit$22,639
BARLOW,COUGHRAN,MORALES,& JOSEPHSON · Legal$22,553
HIGHLAND CAPITAL ADVISORS, LLC · Investment advisory (plan)$17,500
RAEL & LETSON · Actuarial · Consulting$10,187

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

Recordkeeper by year2
2024Milliman, WPAS, INC
2023Milliman, WPAS, INC

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Administrative cost history2
2024$372,419 · 2.74%
2023$343,131 · 3.56%
Similar plansConstruction · Washington
Krekow Jennings, Inc. WA$17.9M · 0.31%
Selland Construction, Inc. WA$17.6M · 0.38%
Sequoyah Electric, LLC WA$17.4M · 0.62%
Schuchart Corporation WA$17.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 883678189 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.