Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Local 81 Intl Assoc Heat & Frost Insulators & AlliedProfit-sharing plan

INTL ASSN HEAT & FROST INSULATORS & ALLIED WORKERS #81 RSP · MOLINE, IL · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Board of Trustees Local 81 Intl Assoc Heat & Frost Insulators & Allied reported $80,575 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,895 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 0.76% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Illinois (2,102nd of 3,702), and the 2,629th of 5,337 in construction. active participation has grown from 136 to 162 since 2022.

Plan summary
Net assets, end of year$13,589,059
Participants with balances134
Active participants162
Employer contributions$468,954
Employee contributions$0
Employer contribution per active participant$2,895
Average account balance$101,411
Benefits paid to participants$1,467,423
Plan auditUnmodified (clean) audit opinion
AuditorROMOLO & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$13.6M · 134 accts · $469K emplr
2023$12.7M · 168 accts · $534K emplr
2022$10.5M · 151 accts · $514K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,069
Investment management$6,000
Audit (IQPA)$11,500
Trustee / custodial$600
Total administrative$80,575
Employer contributions to the Board of Trustees Local 81 Intl Assoc Heat & Frost Insulators & Allied plan · 2024
Employer contribution per active participant$2,895
Median for plans this size$2,416
2024$2,895 per active participant
2023$3,536 per active participant
2022$3,776 per active participant

Board of Trustees Local 81 Intl Assoc Heat & Frost Insulators & Allied's 2024 employer contribution ran above 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.

Service providers · 20245
ONE AMERICA RETIREMENT SERVICES LLC · Recordkeeping$28,240
CAVANAGH & O'HARA · Legal$12,526
ROMOLO & ASSOCIATES, LLC · Accounting / audit$11,500
RJ LEE & ASSOCIATES, LLP · Contract administrator$9,500
INVESTMENT CONSULTING GROUP · Investment advisory (plan)$6,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$80,575 · 0.61%
2023$85,468 · 0.74%
2022$91,029 · 0.76%
Similar plansConstruction · Illinois
Shodeen Group, LLC IL$13.9M · 0.38%
J.A. Watts, Inc. IL$13.9M · 0.67%
3E, LLC IL$13.7M · 0.50%
Fortis Fire & Safety Inc. IL$12.3M · 0.45%
Slab Masters, Inc. IL$12.1M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364318955 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.