Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Bismarck-Mandan Carpenters Local 1091 Tax DeferraProfit-sharing plan

BISMARCK MANDAN CARPENTERS LOCAL 1091 TAX DEFERRAL · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Board of Trustees of Bismarck-Mandan Carpenters Local 1091 Tax Deferra reported $183,885 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~90% of peers. Employer contributions averaged $932 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 0.93% to 1.01%. 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 the 125th-largest of 279 plans among North Dakota employers on file, and the 2,140th of 5,337 in construction.

Plan summary
Net assets, end of year$18,584,363
Participants with balances953
Active participants953
Employer contributions$887,765
Employee contributions—
Employer contribution per active participant$932
Average account balance$19,501
Benefits paid to participants$1,868,205
Plan auditUnmodified (clean) audit opinion
AuditorWIDMER ROEL PC
Plan history3
Yearassets · accounts · employer contribution
2024$18.6M · 953 accts · $888K emplr
2023$17.6M · 935 accts · $851K emplr
2022$15.7M · 916 accts · $748K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,136
Investment management$73,878
Audit (IQPA)$21,450
Total administrative$183,885
Employer contributions to the Board of Trustees of Bismarck-Mandan Carpenters Local 1091 Tax Deferra plan · 2024
Employer contribution per active participant$932
Median for plans this size$2,416
2024$932 per active participant
2023$921 per active participant
2022$807 per active participant

Board of Trustees of Bismarck-Mandan Carpenters Local 1091 Tax Deferra's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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.

Service providers · 20243
RAYMOND JAMES · Investment management$73,878
BLUE CROSS BLUE SHIELD OF ND · Plan administrator$72,136
WIDMER ROEL PC · Accounting / audit$21,450

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$183,885 · 1.01%
2023$169,129 · 1.01%
2022$158,373 · 0.93%
Similar plansConstruction · North Dakota
Dakota Fence Company ND$34.2M · 0.24%
Industrial Builders, Inc. ND$30.4M · 0.32%
Miller Insulation Co., Inc. ND$24.0M · 0.04%
Comstock Construction, Inc. ND$15.1M · 0.23%
Opp Construction, LLC ND$13.7M · 0.43%
Magnum Electric, Inc. ND$13.4M · 0.31%
Martin Construction, Inc. ND$11.9M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450414282 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.