Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees - Insulators Local 96 Supplemental Pension PlanProfit-sharing plan

INSULATORS LOCAL 96 SUPPLEMENTAL PENSION PLAN · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.84%

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

Board of Trustees - Insulators Local 96 Supplemental Pension Plan reported $17,829 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,116 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 0.00% to 0.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Tennessee (1,299th of 1,496), and 4,763rd of 5,337 in construction. active participation has shrunk from 426 to 149 since 2022.

Plan summary
Net assets, end of year$2,194,958
Participants with balances853
Active participants149
Employer contributions$166,299
Employee contributions—
Employer contribution per active participant$1,116
Average account balance$2,573
Benefits paid to participants$70,795
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR
Plan history3
Yearassets · accounts · employer contribution
2024$2.2M · 853 accts · $166K emplr
2023$2.0M · 824 accts · $331K emplr
2022$1.7M · 799 accts · $495K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,000
Audit (IQPA)$2,000
Trustee / custodial$3,355
Total administrative$17,829
Employer contributions to the Board of Trustees - Insulators Local 96 Supplemental Pension Plan plan · 2024
Employer contribution per active participant$1,116
Median for plans this size$1,313
2024$1,116 per active participant
2023$1,204 per active participant
2022$1,161 per active participant

Board of Trustees - Insulators Local 96 Supplemental Pension Plan's 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20241
SOUTHERN BENEFIT ADMINISTRATORS · Plan administrator$9,814

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$17,829 · 0.84%
2023$9,053 · 0.49%
2022$55 · 0.00%
Similar plansConstruction · Tennessee
Summit Constructors, Inc. TN$2.6M · 0.51%
Jarrett Builders, Inc TN$2.6M · 2.29%
Acme Block & Brick, Inc. TN$2.3M · 0.07%
Dement LLC TN$2.2M · 0.77%
Team Construction, LLC TN$2.0M · 0.02%
Rackley Solutions, LLC TN$1.9M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 833780352 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.