Board of Trustees-Local 18 Int'l Heat & Frost InsulatorsMoney purchase plan
LOCAL 18 INT'L ASSOC. OF HEAT & FROST INSULATORS & ALLIED WORKERS SUPPLEMENTAL PENSION FUND · INDIANAPOLIS, IN · plan year 2024
Reported admin expense ratio · 2024
0.52%
Peer grade: C+· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees-Local 18 Int'l Heat & Frost Insulators reported $307,001 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,269 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 0.61% to 0.52%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 233rd-largest of 1,562 plans among Indiana employers on file, and the 1,400th of 4,798 in finance & insurance. active participation has grown from 599 to 676 since 2022.
Plan summary
Net assets, end of year$63,166,983
Participants with balances676
Active participants676
Employer contributions$4,237,908
Employee contributions—
Employer contribution per active participant$6,269
Average account balance$93,442
Benefits paid to participants$1,991,502
Plan auditUnmodified (clean) audit opinion
AuditorL.M. HENDERSON & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$63.2M · 676 accts · $4.2M emplr
2023$55.7M · 635 accts · $2.9M emplr
2022$46.8M · 597 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,012
Investment management$225,045
Audit (IQPA)$13,458
Total administrative$307,001
Employer contributions to the Board of Trustees-Local 18 Int'l Heat & Frost Insulators plan · 2024
Employer contribution per active participant$6,269
Median for plans this size$3,635
2024$6,269 per active participant
2023$4,615 per active participant
2022$3,480 per active participant
Board of Trustees-Local 18 Int'l Heat & Frost Insulators's 2024 employer contribution ran above 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 351843702 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.