Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees-Local 63 Defined Contribution Pension FundProfit-sharing plan

ARCH. IRONWORKERS LOCAL 63 DC PENSION TRUST · OAK BROOK, IL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Board of Trustees-Local 63 Defined Contribution Pension Fund reported $260,470 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $7,415 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 0.09% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 219th-largest of 3,702 plans among Illinois employers on file, and the 207th of 5,337 in construction.

Plan summary
Net assets, end of year$338,049,542
Participants with balances2,159
Active participants2,159
Employer contributions$16,009,579
Employee contributions—
Employer contribution per active participant$7,415
Average account balance$156,577
Benefits paid to participants$25,825,607
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$338.0M · 2,159 accts · $16.0M emplr
2023$319.7M · 2,127 accts · $18.1M emplr
2022$284.8M · 2,038 accts · $17.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,990
Investment management$47,100
Audit (IQPA)$28,150
Trustee / custodial$9,538
Total administrative$260,470
Employer contributions to the Board of Trustees-Local 63 Defined Contribution Pension Fund plan · 2024
Employer contribution per active participant$7,415
Median for plans this size$4,294
2024$7,415 per active participant
2023$8,487 per active participant
2022$8,498 per active participant

Board of Trustees-Local 63 Defined Contribution Pension Fund's 2024 employer contribution ran above the $4,294 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.

Service providers · 20245
BENEFITS MANAGEMENT GROUP INC. · Plan administrator$82,150
GREGORIO, STEC, KLEIN & HOSE · Legal$52,477
FIDUCIENT ADVISORS · Pension consulting$47,100
CALIBRE CPA GROUP, PLLC · Accounting / audit$43,980
AMALGAMATED BANK OF CHICAGO · Custodial (securities)$9,538

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$260,470 · 0.08%
2023$246,392 · 0.08%
2022$247,546 · 0.09%
Similar plansConstruction · Illinois
Clayco, Inc. IL$242.2M · 0.22%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 363519910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.