Board of Trustees of Production Sheet Metal Workers Local 10 Retire401(k)

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

Board of Trustees of Production Sheet Metal Workers Local 10 Retire reported $177,349 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,831 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 0.48% to 0.53%. 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 641st-largest of 1,918 plans among Minnesota employers on file, and the 1,418th of 5,337 in construction. In 2024, the employer put in $3.11 for every $1.00 employees contributed themselves; active participation has shrunk from 436 to 331 since 2022.