Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees - Insulators Local No. 37 Retirement PlanMoney purchase plan

INSULATORS LOCAL NO. 37 RETIREMENT PLAN · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Board of Trustees - Insulators Local No. 37 Retirement Plan reported $376,668 in plan administrative expenses for 2024: 0.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,523 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 0.18% to 0.45%. 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 184th-largest of 1,496 plans among Tennessee employers on file, and the 684th of 5,337 in construction. active participation has grown from 1,081 to 1,198 since 2022.

Plan summary
Net assets, end of year$88,052,246
Participants with balances1,288
Active participants1,198
Employer contributions$3,022,995
Employee contributions—
Employer contribution per active participant$2,523
Average account balance$68,364
Benefits paid to participants$6,426,927
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$88.1M · 1,288 accts · $3.0M emplr
2023$80.8M · 1,223 accts · $2.9M emplr
2022$66.6M · 1,164 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$289,591
Investment management$35,000
Audit (IQPA)$17,600
Trustee / custodial$440
Total administrative$376,668
Employer contributions to the Board of Trustees - Insulators Local No. 37 Retirement Plan plan · 2024
Employer contribution per active participant$2,523
Median for plans this size$3,635
2024$2,523 per active participant
2023$2,584 per active participant
2022$2,201 per active participant

Board of Trustees - Insulators Local No. 37 Retirement Plan's 2024 employer contribution ran below the $3,635 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 · 20247
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$249,991
SOUTHERN BENEFIT ADMINISTRATORS · Plan administrator · Consulting$48,156
MORGAN STANLEY THE DOBBS GROUP · Investment advisory (plan)$35,000
DANIELS IRWIN & AYLOR · Accounting / audit$17,600
LEDBETTER PARISI LLC · Legal$9,622
MUTUAL FUNDS · Custodial (securities) · Investment managementindirect comp
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$376,668 · 0.45%
2023$196,129 · 0.27%
2022$134,757 · 0.18%
Similar plansConstruction · Tennessee
Lee Company TN$68.7M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581912950 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.