Board of Trustees McAsf Local 725 Defined Contribution Retirement Plan401(k)
MCASF LOCAL 725 DEFINED CONTRIBUTION RETIREMENT PLAN · PEMBROKE PINES, FL · plan year 2024
Reported admin expense ratio · 2024
0.82%
Peer grade: C· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees McAsf Local 725 Defined Contribution Retirement Plan reported $557,728 in plan administrative expenses for 2024: 0.82% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,153 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 3 years on file its reported administrative ratio has held roughly steady near 0.816%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 417th-largest of 3,644 plans among Florida employers on file, and the 812th of 5,337 in construction. In 2024, the employer put in $1.42 for every $1.00 employees contributed themselves; active participation has grown from 599 to 841 since 2022.
Plan summary
Net assets, end of year$71,821,813
Participants with balances1,609
Active participants841
Employer contributions$1,810,995
Employee contributions$1,274,959
Employer contribution per active participant$2,153
The Board of Trustees McAsf Local 725 Defined Contribution Retirement Plan 401(k) match · 2024
Employer contribution per active participant$2,153
Median for plans this size$3,635
2024$2,153 per active participant
2023$2,775 per active participant
2022$2,752 per active participant
Board of Trustees McAsf Local 725 Defined Contribution Retirement Plan's 2024 employer contribution ran below the $3,635 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 · 202412
MCASF LOCAL 725 SERVICE CORP · Contract administrator$142,334
ULLICO INVESTMENT ADVISORS INC. · Investment management$88,216
PLANTE & MORAN, PLLC · Accounting / audit$47,950
KARPUS MANAGEMENT, INC. · Investment management$47,609
BNY MELLON INVESTMENT ADVISER, INC. · Investment management$42,655
NEPC, LLC · Pension consulting$35,239
INTERCONTINENTAL REAL ESTATE CORP. · Investment management$35,120
CHARTWELL INVESTMENT PARTNERS, LLC · Investment management · Named fiduciary$23,636
HESSIAN & MCKASY, PA · Legal$23,233
LOOMIS SAYLES TRUST COMPANY · Investment management$20,133
U.S. BANK NATIONAL ASSOCIATION · Custodial (securities) · Trustee$13,844
Source: U.S. Department of Labor, Form 5500 series, EIN 582490173 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.