Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of I.B.E.W. Local 25 401K Fund401(k)

I. B. E. W. LOCAL 25 401K FUND · HAUPPAUGE, NY · 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.B.E.W. Local 25 401K Fund reported $1,366,193 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,951 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 0.332%. 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 252nd-largest of 5,648 plans among New York employers on file, and the 167th of 5,337 in construction. In 2024, employees put in $2.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$428,434,277
Participants with balances2,902
Active participants2,394
Employer contributions$4,670,753
Employee contributions$13,962,683
Employer contribution per active participant$1,951
Average account balance$147,634
Benefits paid to participants$15,700,204
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$428.4M · 2,902 accts · $4.7M emplr
2023$395.4M · 2,915 accts · $4.5M emplr
2022$361.4M · 2,903 accts · $4.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,400
Investment management$530,956
Audit (IQPA)$37,000
Trustee / custodial$109,585
Total administrative$1,366,193
The Board of Trustees of I.B.E.W. Local 25 401K Fund 401(k) match · 2024
Employer contribution per active participant$1,951
Median for plans this size$4,294
2024$1,951 per active participant
2023$1,854 per active participant
2022$1,806 per active participant

Board of Trustees of I.B.E.W. Local 25 401K 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
NATIONAL INVESTMENT SERVICES · Investment management$143,573
BANK OF NEW YORK MELLON · Custodial (securities) · Investment management$134,846
LOOMIS SAYLES TRUST COMPANY, LLC · Investment management$100,205
PANAGORA ASSET MANAGEMENT · Investment management$84,684
SEGAL MARCO ADVISORS · Investment advisory (plan)$75,648
LSV ASSET MANAGEMENT · Investment management$67,697
SCHULTHEIS & PANETTIERI, LLP · Accounting / audit$38,000
ARCHER, BYINGTON, GLENNON & LEVINE · Legal$20,694
BERARD & ASSOCIATES, CPA'S PC · Accounting / audit$5,400
UNION LABOR LIFE INSURANCE COMPANY · Investment managementindirect comp

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$1,366,193 · 0.33%
2023$1,279,327 · 0.34%
2022$1,247,346 · 0.33%
Similar plansConstruction · New York
Sto Building Group, Inc. NY$402.3M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112744709 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.