Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees I.B.E.W. Local Union No. 90 Annuity FundProfit-sharing plan

LOCAL UNION NO. 90 I.B.E.W. ANNUITY PLAN · WALLINGFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Board of Trustees I.B.E.W. Local Union No. 90 Annuity Fund reported $161,844 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $8,817 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 0.19% to 0.18%. 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 197th-largest of 1,106 plans among Connecticut employers on file, and the 631st of 5,337 in construction.

Plan summary
Net assets, end of year$96,064,575
Participants with balances738
Active participants649
Employer contributions$5,722,411
Employee contributions—
Employer contribution per active participant$8,817
Average account balance$130,169
Benefits paid to participants$6,983,430
Plan auditUnmodified (clean) audit opinion
AuditorBEERS, HAMERMAN, COHEN & BURGER, PC
Plan history3
Yearassets · accounts · employer contribution
2024$96.1M · 738 accts · $5.7M emplr
2023$87.0M · 727 accts · $5.6M emplr
2022$75.3M · 715 accts · $5.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,548
Investment management$36,589
Audit (IQPA)$17,700
Total administrative$161,844
Employer contributions to the Board of Trustees I.B.E.W. Local Union No. 90 Annuity Fund plan · 2024
Employer contribution per active participant$8,817
Median for plans this size$3,635
2024$8,817 per active participant
2023$8,956 per active participant
2022$8,258 per active participant

Board of Trustees I.B.E.W. Local Union No. 90 Annuity Fund'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 · 20248
ZENITH AMERICAN SOLUTIONS · Contract administrator$46,548
ROBERT M. CHEVERIE & ASSOCIATES P.C · Legal$24,000
THE SEGAL COMPANY · Insurance services$19,015
BEERS HAMERMAN COHEN & BURGER PC · Accounting / audit$17,700
SEGAL MARCO ADVISORS · Investment advisory (plan)$9,000
NOVAK FRANCELLA · Accounting / audit$5,591

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$161,844 · 0.18%
2023$159,399 · 0.20%
2022$151,134 · 0.19%
Similar plansConstruction · Connecticut
Phalcon LTD. CT$73.5M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 066284210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.