Board of Trustees Local No. 8 Ibew Retirement Plan & Trust401(k)
LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST · ROSSFORD, OH · plan year 2024
Reported admin expense ratio · 2024
0.37%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees Local No. 8 Ibew Retirement Plan & Trust reported $2,331,703 in plan administrative expenses for 2024: 0.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,870 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 0.30% to 0.37%. 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 90th-largest of 3,295 plans among Ohio employers on file, and the 105th of 5,337 in construction. In 2024, the employer put in $3.56 for every $1.00 employees contributed themselves.
Plan summary
Net assets, end of year$650,471,091
Participants with balances2,945
Active participants2,619
Employer contributions$20,611,581
Employee contributions$5,787,512
Employer contribution per active participant$7,870
Average account balance$220,873
Benefits paid to participants$28,295,846
Plan auditUnmodified (clean) audit opinion
AuditorMSPC, CPA'S AND ADVISORS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$650.5M · 2,945 accts · $20.6M emplr
2023$596.4M · 2,833 accts · $18.2M emplr
2022$534.3M · 2,826 accts · $19.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,650
Investment management$1,629,848
Audit (IQPA)$29,279
Total administrative$2,331,703
The Board of Trustees Local No. 8 Ibew Retirement Plan & Trust 401(k) match · 2024
Employer contribution per active participant$7,870
Median for plans this size$4,294
2024$7,870 per active participant
2023$7,927 per active participant
Board of Trustees Local No. 8 Ibew Retirement Plan & Trust'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.
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 346596899 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.