Board of Trustees-Local 701 Retirement Savings Fund401(k)
IBEW LOCAL 701 RETIREMENT SAVINGS FUND · WARRENVILLE, IL · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees-Local 701 Retirement Savings Fund reported $253,250 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $9,553 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 0.07% to 0.06%. 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 182nd-largest of 3,702 plans among Illinois employers on file, and the 170th of 5,337 in construction. In 2024, the employer put in $31.00 for every $1.00 employees contributed themselves.
Board of Trustees-Local 701 Retirement Savings Fund's 2024 employer contribution ran above the $4,294 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 366455509 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.