Board of Trustees Ibew Local 1049Profit-sharing plan
IBEW LOCAL 1049 CRAFT ANNUITY FUND · HOLTSVILLE, NY · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees Ibew Local 1049 reported $464,397 in plan administrative expenses for 2024: 0.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,454 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 rose from 0.13% to 0.14%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 307th-largest of 5,648 plans among New York employers on file, and the 397th of 4,798 in finance & insurance. In 2024, the employer put in $15.38 for every $1.00 employees contributed themselves.
Board of Trustees Ibew Local 1049's 2024 employer contribution ran above the $4,294 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 113051862 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.