Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Iron Workers Local 395 Annuity FundMoney purchase plan

IRON WORKERS LOCAL 395 ANNUITY FUND · OAK BROOK, IL · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Board of Trustees of Iron Workers Local 395 Annuity Fund reported $244,428 in plan administrative expenses for 2024: 0.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $9,250 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 0.42% to 0.37%. 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 724th-largest of 3,702 plans among Illinois employers on file, and the 833rd of 5,337 in construction.

Plan summary
Net assets, end of year$70,105,912
Participants with balances1,033
Active participants754
Employer contributions$6,974,779
Employee contributions—
Employer contribution per active participant$9,250
Average account balance$67,866
Benefits paid to participants$5,954,865
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$70.1M · 1,033 accts · $7.0M emplr
2023$61.8M · 1,024 accts · $6.6M emplr
2022$51.7M · 1,007 accts · $6.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$106,503
Investment management$83,896
Audit (IQPA)$13,850
Trustee / custodial$202
Total administrative$244,428
Employer contributions to the Board of Trustees of Iron Workers Local 395 Annuity Fund plan · 2024
Employer contribution per active participant$9,250
Median for plans this size$3,635
2024$9,250 per active participant
2023$8,062 per active participant
2022$8,964 per active participant

Board of Trustees of Iron Workers Local 395 Annuity 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
LEGACY PROFESSIONALS LLP · Accounting / audit · Recordkeeping$21,674
ZENITH AMERICAN SOLUTIONS · Contract administrator$104,662
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$58,125
MATRIX TRUST COMPANY · Investment management$25,771
ASHER, GITTLER & D'ALBA, LTD. · Legal$24,228

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

Recordkeeper by year2
2024LEGACY PROFESSIONALS LLP
2023LEGACY PROFESSIONALS LLP

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

Administrative cost history3
2024$244,428 · 0.37%
2023$270,054 · 0.48%
2022$232,911 · 0.42%
Similar plansConstruction · Illinois
Helm Group, Inc. IL$76.6M · 0.19%
Rathje Enterprises, Inc. IL$76.1M · 0.25%
The McShane Companies IL$62.2M · 0.02%
Korte Construction Company IL$61.0M · 0.14%
Roadsafe Traffic Systems IL$59.5M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351959984 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.