Board of Trustees of Central Laborers Annuity Plan401(k)
CENTRAL LABORERS ANNUITY PLAN · JACKSONVILLE, IL · plan year 2024
Reported admin expense ratio · 2024
0.60%
Peer grade: C· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees of Central Laborers Annuity Plan reported $1,988,339 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,099 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 0.68% to 0.60%. 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 210th-largest of 3,702 plans among Illinois employers on file, and the 199th of 5,337 in construction. In 2024, the employer put in $599.19 for every $1.00 employees contributed themselves; active participation has grown from 10,098 to 11,412 since 2022.
Plan summary
Net assets, end of year$355,160,693
Participants with balances24,816
Active participants11,412
Employer contributions$46,779,153
Employee contributions$78,071
Employer contribution per active participant$4,099
Average account balance$14,312
Benefits paid to participants$22,561,547
Plan auditUnmodified (clean) audit opinion
AuditorROMOLO & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$355.2M · 24,816 accts · $46.8M emplr
2023$311.1M · 23,251 accts · $43.2M emplr
2022$264.8M · 21,686 accts · $35.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$904,894
Investment management$16,203
Audit (IQPA)$24,500
Trustee / custodial$902,604
Total administrative$1,988,339
The Board of Trustees of Central Laborers Annuity Plan 401(k) match · 2024
Employer contribution per active participant$4,099
Median for plans this size$4,294
2024$4,099 per active participant
2023$3,945 per active participant
2022$3,543 per active participant
Board of Trustees of Central Laborers Annuity Plan's 2024 employer contribution ran below the $4,294 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 · 202411
CENTRAL LABORERS PENSION FUND · Contract administrator$904,894
Source: U.S. Department of Labor, Form 5500 series, EIN 376052379 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.