Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Painters District Council #58 401(K) Plan401(k)

PAINTERS DISTRICT COUNCIL #58 401(K) PLAN · COLLINSVILLE, IL · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Board of Trustees of Painters District Council #58 401(K) Plan reported $219,624 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,257 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 0.57% to 0.49%. 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 948th-largest of 3,702 plans among Illinois employers on file, and the 1,073rd of 5,337 in construction. In 2024, the employer put in $10.22 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$48,110,370
Participants with balances976
Active participants648
Employer contributions$2,758,237
Employee contributions$269,970
Employer contribution per active participant$4,257
Average account balance$49,293
Benefits paid to participants$3,282,437
Plan auditUnmodified (clean) audit opinion
AuditorROMOLO & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$48.1M · 976 accts · $2.8M emplr
2023$42.4M · 991 accts · $2.7M emplr
2022$36.0M · 908 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$115,504
Investment management$62,687
Audit (IQPA)$17,775
Total administrative$219,624
The Board of Trustees of Painters District Council #58 401(K) Plan 401(k) match · 2024
Employer contribution per active participant$4,257
Median for plans this size$2,416
2024$4,257 per active participant
2023$4,214 per active participant
2022$4,674 per active participant

Board of Trustees of Painters District Council #58 401(K) Plan'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 · 20245
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$72,861
THE PNC FINANCIAL SERVICES GROUP, I · Investment advisory (plan)$62,687
PENSION PLANNING USA · Contract administrator$42,643
ROMOLO & ASSOCIATES, LLC · Accounting / audit$17,775
CAVANAGH & OHARA, LLP · Legal$10,130

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$219,624 · 0.49%
2023$161,609 · 0.41%
2022$190,949 · 0.57%
Similar plansConstruction · Illinois
Fhp Management, Inc. IL$50.6M · 0.06%
Fourgen Holdings Inc. IL$45.2M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371365545 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.