Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, Labor Unions 401(K) Plan401(k)

LABOR UNIONS 401K PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
1.21%

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

Board of Trustees, Labor Unions 401(K) Plan reported $847,059 in plan administrative expenses for 2024: 1.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $420 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 fell from 1.88% to 1.21%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 1,272nd-largest of 9,483 plans among California employers on file, and the 276th of 3,341 in other services. In 2024, employees put in $2.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$73,680,839
Participants with balances3,614
Active participants3,614
Employer contributions$1,519,270
Employee contributions$3,966,844
Employer contribution per active participant$420
Average account balance$20,388
Benefits paid to participants$6,407,830
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$73.7M · 3,614 accts · $1.5M emplr
2023$66.4M · 3,680 accts · $1.4M emplr
2022$58.6M · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$518,707
Investment management$13,500
Audit (IQPA)$16,400
Trustee / custodial$71,312
Total administrative$847,059
The Board of Trustees, Labor Unions 401(K) Plan 401(k) match · 2024
Employer contribution per active participant$420
Median for plans this size$3,635
2024$420 per active participant
2023$369 per active participant
2022$400 per active participant

Board of Trustees, Labor Unions 401(K) Plan's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20249
BENESYS, INC. · Plan administrator$392,590
WITHUM, SMITH & BROWN · Accounting / audit$126,117
US BANK, N.A. · Other services$71,312
MEREDITH SESSER · Legal$27,563
JEFF EATCHEL · Trustee$17,400
MILLER KAPLAN ARASE LLP · Accounting / audit$16,400
PENSION FUND EVALUATIONS · Investment advisory (plan)$13,500
KENNEDY LAW FIRM · Legal$12,598
MICHAEL SNYDER · Trustee$11,600

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$847,059 · 1.21%
2023$1,396,628 · 2.24%
2022$1,216,957 · 1.88%
Similar plansOther Services · California
24 Hour Fitness USA, LLC CA$86.5M · 0.31%
Jtb Americas, LTD. CA$83.5M · 0.11%
Golden Gate Regional Center CA$73.6M · 0.33%
Mission Linen Supply CA$72.8M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 336194629 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.