Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of I.A.M. National 401(K) FundProfit-sharing plan

I.A.M. NATIONAL 401K PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Board of Trustees of I.A.M. National 401(K) Fund reported $2,958,125 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,075 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 0.27% to 0.33%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 16th-largest of 618 plans among District of Columbia employers on file, and the 342nd of 13,661 in manufacturing. In 2024, employees put in $2.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$971,121,514
Participants with balances35,579
Active participants33,654
Employer contributions$36,166,829
Employee contributions$75,834,551
Employer contribution per active participant$1,075
Average account balance$27,295
Benefits paid to participants$75,664,295
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$971.1M · 35,579 accts · $36.2M emplr
2023$827.2M · 33,892 accts · $30.7M emplr
2022$694.7M · 31,917 accts · $17.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,406,659
Investment management$50,000
Audit (IQPA)$10,538
Total administrative$2,958,125
Employer contributions to the Board of Trustees of I.A.M. National 401(K) Fund plan · 2024
Employer contribution per active participant$1,075
Median for plans this size$4,294
2024$1,075 per active participant
2023$924 per active participant
2022$522 per active participant

Board of Trustees of I.A.M. National 401(K) Fund's 2024 employer contribution ran below the $4,294 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 · 202410
IAM NATIONAL PENSION FUND · Recordkeeping$5,001
WILLIS TOWERS WATSON US LLC · Consulting$148,555
JOHN HANCOCK RETIREMENT PLAN SERVIC · Claims processing$100,015
NOVAK FRANCELLA LLC · Accounting / audit$62,997
MORGAN STANLEY SMITH BARNEY, LLC · Investment advisory (plan)$50,000
THE SEGAL COMPANY · Consulting$18,485
BEACON HILL STAFFING GROUP, LLC · Other services$15,066
WITHUM SMITH & BROWN PC · Consulting$14,312
INSIGHT DIRECT USA INC · Other services$12,829
SEGAL SELECT INSURANCE SERVICES INC · Insurance brokerindirect comp

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

Recordkeeper by year2
2024IAM NATIONAL PENSION FUND
2023IAM NATIONAL PENSION FUND, John Hancock

This plan has changed recordkeepers within these filings. If you left Board of Trustees of I.A.M. National 401(K) Fund before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,958,125 · 0.33%
2023$2,086,308 · 0.27%
2022$1,969,363 · 0.27%
Similar plansManufacturing · District of Columbia
Danaher Corporation DC$6.5B · 0.05%
Juul Labs, Inc. DC$149.6M · 0.04%
Supernal, LLC DC$52.4M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320443423 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.