Board of Trustees Ibew Local No 461 Defined Contribution PensionProfit-sharing plan
IBEW LOCAL NO 461 DEFINED CONTRIBUTION PENSION PLAN · LANSING, MI · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees Ibew Local No 461 Defined Contribution Pension reported $209,846 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $7,163 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 3 years on file its reported administrative ratio has held roughly steady near 0.129%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 170th-largest of 2,619 plans among Michigan employers on file, and the 101st of 3,341 in other services.
Board of Trustees Ibew Local No 461 Defined Contribution Pension'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.
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 362882653 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.