Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees - Insulators and Allied Workers Local No. 46Money purchase plan

INSULATORS AND ALLIED WORKERS LOCAL NO. 46 ANNUITY FUND · GOODLETTSVILLE, TN · plan year 2023

Reported admin expense ratio · 2023
4.48%

Board of Trustees - Insulators and Allied Workers Local No. 46 reported $42,944 in plan administrative expenses for 2023: 4.48% of average plan assets, higher than ~90% of peers. 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 3.33% to 5.17%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Tennessee (1,405th of 1,496), and 5,114th of 5,337 in construction.

Plan summary
Net assets, end of year$980,800
Participants with balances629
Active participants0
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$1,559
Benefits paid to participants$20,532
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR
Plan history3
Yearassets · accounts · employer contribution
2024$932K · 615 accts
2023$981K · 629 accts
2022$938K · 641 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,600
Investment management$6,250
Audit (IQPA)$4,850
Trustee / custodial$455
Total administrative$42,944
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
SOUTHERN BENEFIT ADMINISTRATORS · Plan administrator$22,182
BRANSTETTER, STRANCH & JENNINGS · Legal$5,600
DANIELS, IRWIN & AYLOR CPAS · Accounting / audit$4,850
MUTUAL FUNDS · Custodial (securities) · Investment managementindirect comp

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$49,474 · 5.17%
2023$42,944 · 4.48%
2022$34,770 · 3.33%
Similar plansConstruction · Tennessee
Dement LLC TN$2.2M · 0.77%
Team Construction, LLC TN$2.0M · 0.02%
Rackley Solutions, LLC TN$1.9M · 0.14%
Whaley Construction, LLC TN$343K · 1.14%
Ficom Group, Inc. TN$250K · 2.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204235805 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.