Board of Trustees Iron Workers' Locals NO.15 & 424401(k)

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

Board of Trustees Iron Workers' Locals NO.15 & 424 reported $254,600 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,486 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 0.33%. 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 228th-largest of 1,106 plans among Connecticut employers on file, and the 747th of 5,337 in construction. In 2024, the employer put in $42.13 for every $1.00 employees contributed themselves; active participation has grown from 1,231 to 3,164 since 2022.