Board of Trustees, Local 38 & 812 Iatse Pension Trust FundMoney purchase plan
IATSE LOCAL 38 AND LOCAL 812 PENSION PLAN · TROY, MI · plan year 2024
Reported admin expense ratio · 2024
1.37%
Peer grade: C· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees, Local 38 & 812 Iatse Pension Trust Fund reported $492,458 in plan administrative expenses for 2024: 1.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,252 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 0.88% to 1.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 679th-largest of 2,619 plans among Michigan employers on file, and the 3,603rd of 11,654 in professional & technical services. active participation has shrunk from 1,238 to 915 since 2022.
Plan summary
Net assets, end of year$35,994,576
Participants with balances1,239
Active participants915
Employer contributions$2,060,686
Employee contributions—
Employer contribution per active participant$2,252
Average account balance$29,051
Benefits paid to participants$4,463,975
Plan auditUnmodified (clean) audit opinion
AuditorBENDA, GRACE, STULZ & COMPANY, P,C,
Plan history3
Yearassets · accounts · employer contribution
2024$36.0M · 1,239 accts · $2.1M emplr
2023$35.8M · 1,387 accts · $2.1M emplr
2022$35.8M · 1,481 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$220,954
Investment management$210,307
Audit (IQPA)$13,300
Total administrative$492,458
Employer contributions to the Board of Trustees, Local 38 & 812 Iatse Pension Trust Fund plan · 2024
Employer contribution per active participant$2,252
Median for plans this size$2,416
2024$2,252 per active participant
2023$2,070 per active participant
2022$1,395 per active participant
Board of Trustees, Local 38 & 812 Iatse Pension Trust Fund's 2024 employer contribution ran below the $2,416 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.
AMERICAN GRAPHICS PRINTING · Participant communication$7,807
THE LONDON COMPANY · Investment managementindirect comp
FIERA CAPITAL MANAGEMENT · Investment managementindirect comp
JP MORGAN · Investment managementindirect comp
ARISTOTLE CAPITAL MANAGEMENT · Investment managementindirect 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
2024SOLXSYS ADMINISTRATIVE SOLUTIONS
2023SOLXSYS ADMINISTRATIVE SOLUTIONS, TIC INTERNATIONAL CORPORATION
This plan has changed recordkeepers within these filings. If you left Board of Trustees, Local 38 & 812 Iatse Pension Trust Fund before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Administrative cost history3
2024$492,458 · 1.37%
2023$456,725 · 1.27%
2022$305,087 · 0.88%
Similar plansProfessional & Technical Services · Michigan
Source: U.S. Department of Labor, Form 5500 series, EIN 382848288 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.