Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Heat and Frost Insulators Local 34 Pension FundProfit-sharing plan

HEAT AND FROST INSULATORS LOCAL 34 PENSION FUND · BLOOMINGTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund reported $183,551 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $23,939 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 0.11% to 0.08%. 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 147th-largest of 1,918 plans among Minnesota employers on file, and the 291st of 5,337 in construction.

Plan summary
Net assets, end of year$231,379,454
Participants with balances640
Active participants476
Employer contributions$11,394,758
Employee contributions—
Employer contribution per active participant$23,939
Average account balance$361,530
Benefits paid to participants$13,205,875
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$231.4M · 640 accts · $11.4M emplr
2023$206.8M · 622 accts · $11.3M emplr
2022$176.7M · 620 accts · $10.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,251
Investment management$32,750
Audit (IQPA)$11,750
Total administrative$183,551
Employer contributions to the Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund plan · 2024
Employer contribution per active participant$23,939
Median for plans this size$3,635
2024$23,939 per active participant
2023$23,848 per active participant
2022$23,490 per active participant

Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund's 2024 employer contribution ran above the $3,635 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.

Service providers · 20245
JOHN HANCOCK RETIREMENT PLAN SRVS · Recordkeeping · Loan processing$45,251
WILSON-MCSHANE CORPORATION · Plan administrator$57,000
FIDUCIENT ADVISORS · Investment advisory (plan)$32,750
SHUMAKER LOOP & KENDRICK LLP · Legal$12,896
LEGACY PROFESSIONALS LLP · Accounting / audit$11,750

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$183,551 · 0.08%
2023$225,674 · 0.12%
2022$218,164 · 0.11%
Similar plansConstruction · Minnesota
Ryan Companies US, Inc. MN$324.0M · 0.14%
Ames Construction, Inc. MN$213.9M · 0.10%
Sfp Holding, Inc. MN$165.9M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410574565 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.