Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Electrical Workers Pension Fund - Part CProfit-sharing plan

ELECTRICAL WORKERS PENSION FUND PART B · DULUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Board of Trustees Electrical Workers Pension Fund - Part C reported $222,949 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $13,022 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 0.13% to 0.12%. 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 172nd-largest of 1,918 plans among Minnesota employers on file, and the 361st of 5,337 in construction.

Plan summary
Net assets, end of year$189,682,304
Participants with balances938
Active participants480
Employer contributions$6,250,704
Employee contributions—
Employer contribution per active participant$13,022
Average account balance$202,220
Benefits paid to participants$5,421,917
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$189.7M · 938 accts · $6.3M emplr
2023$169.9M · 944 accts · $6.0M emplr
2022$147.3M · 918 accts · $5.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$106,752
Investment management$60,531
Audit (IQPA)$16,476
Trustee / custodial$20,831
Total administrative$222,949
Employer contributions to the Board of Trustees Electrical Workers Pension Fund - Part C plan · 2024
Employer contribution per active participant$13,022
Median for plans this size$3,635
2024$13,022 per active participant
2023$12,683 per active participant
2022$11,719 per active participant

Board of Trustees Electrical Workers Pension Fund - Part C's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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
MILLIMAN, INC. · Recordkeeping$98,888
WILSON-MCSHANE CORPORATION · Contract administrator · Recordkeeping$8,499
TRANSAMERICA RETIREMENT SOLUTIONS · Custodial (securities) · Investment management$42,771
MATRIX TRUST COMPANY · Custodial (securities)$20,010
SAGEVIEW ADVISORY GROUP · Investment advisory (participants)$17,760
LEGACY PROFESSIONALS LLP · Accounting / audit$16,476

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, WILSON-MCSHANE CORPORATION
2023Milliman, WILSON-MCSHANE CORPORATION

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

Administrative cost history3
2024$222,949 · 0.12%
2023$215,231 · 0.14%
2022$213,442 · 0.13%
All plans at this employer2
ELECTRICAL WORKERS PENSION FUND PART BProfit-sharing plan
ELECTRICAL WORKERS PENSION FUND PART CProfit-sharing plan
Similar plansConstruction · Minnesota
Ames Construction, Inc. MN$213.9M · 0.10%
Sfp Holding, Inc. MN$165.9M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 416052631 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.