Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Iron Workers of Western PA Profit Sharing PlanProfit-sharing plan

IRON WORKERS OF WESTERN PENNSYLVANIA PROFIT SHARING PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Board of Trustees Iron Workers of Western PA Profit Sharing Plan reported $669,046 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,217 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 0.299%. 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 258th-largest of 3,651 plans among Pennsylvania employers on file, and the 298th of 5,337 in construction.

Plan summary
Net assets, end of year$226,366,271
Participants with balances1,906
Active participants1,777
Employer contributions$14,601,137
Employee contributions—
Employer contribution per active participant$8,217
Average account balance$118,765
Benefits paid to participants$30,802,260
Plan auditUnmodified (clean) audit opinion
AuditorDICLAUDIO & KRAMER, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$226.4M · 1,906 accts · $14.6M emplr
2023$220.4M · 1,982 accts · $14.9M emplr
2022$207.2M · 2,096 accts · $15.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$116,987
Investment management$50,000
Audit (IQPA)$19,054
Total administrative$669,046
Employer contributions to the Board of Trustees Iron Workers of Western PA Profit Sharing Plan plan · 2024
Employer contribution per active participant$8,217
Median for plans this size$3,635
2024$8,217 per active participant
2023$8,058 per active participant
2022$7,668 per active participant

Board of Trustees Iron Workers of Western PA Profit Sharing Plan'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.

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
EMPOWER · Recordkeeping$116,987
ALLAN BATES AND ASSOCIATES · Recordkeeping$7,878
METROPOLITAN LIFE$232,231
MARQUETTE ASSOCIATES · Investment advisory (plan)$50,000
TUCKER ARENSBURG · Legal$34,723
DICLAUDIO & KRAMER, LLC · Accounting / audit$19,054
MEYER, UNKOVIC, & SCOTT · Legal$12,307

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

Recordkeeper by year2
2024ALLAN BATES AND ASSOCIATES, Empower
2023ALLAN BATES AND ASSOCIATES, Empower

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

Administrative cost history3
2024$669,046 · 0.30%
2023$667,184 · 0.31%
2022$666,050 · 0.30%
Similar plansConstruction · Pennsylvania
Pjtc Holdings, Inc. PA$320.2M · 0.04%
Allan Myers, Inc. PA$239.9M · 0.09%
Kinsley Enterprises, Inc. PA$218.1M · 0.18%
Kinsley Construction, Inc. PA$197.2M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251318890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.