Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Ibew Local 139 Annuity FundProfit-sharing plan

I.B.E.W. LOCAL 139 ANNUITY PLAN · ELMIRA, NY · plan year 2024

Reported admin expense ratio · 2024
1.03%

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

Board of Trustees of Ibew Local 139 Annuity Fund reported $245,736 in plan administrative expenses for 2024: 1.03% of average plan assets, higher than ~90% of peers. Employer contributions averaged $14,909 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 1.36% to 1.03%. 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 2,180th-largest of 5,648 plans among New York employers on file, and the 1,719th of 5,337 in construction.

Plan summary
Net assets, end of year$25,349,073
Participants with balances385
Active participants231
Employer contributions$3,444,035
Employee contributions—
Employer contribution per active participant$14,909
Average account balance$65,842
Benefits paid to participants$2,378,501
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL, METZGER, BARR & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$25.3M · 385 accts · $3.4M emplr
2023$22.5M · 382 accts · $3.2M emplr
2022$19.9M · 385 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Investment management$85,592
Audit (IQPA)$25,500
Total administrative$245,736
Employer contributions to the Board of Trustees of Ibew Local 139 Annuity Fund plan · 2024
Employer contribution per active participant$14,909
Median for plans this size$2,416
2024$14,909 per active participant
2023$14,698 per active participant
2022$10,660 per active participant

Board of Trustees of Ibew Local 139 Annuity Fund's 2024 employer contribution ran above the $2,416 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 · 20248
MANNING & NAPIER ADVISORS, INC. · Investment management$28,984
MENGEL, METZGER, BARR & CO. · Accounting / audit$25,500
ASB CAPITAL COMPANY$17,545
BLITMAN & KING · Legal$14,649
HGK TRINITY STREET INTERNATIONAL$14,057
MCCARTHY & ASSOCIATES · Accounting / audit$11,562
IPS$14,250
AMAGALMATED$11,046

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$245,736 · 1.03%
2023$254,637 · 1.20%
2022$264,687 · 1.36%
Similar plansConstruction · New York
Urban Atelier Group, LLC NY$26.8M · 0.03%
Contractor Services Co. NY$26.6M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 516029959 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.