Board of Trustees of Sheet Metal Workers Local Union No. 263 Retiremen401(k)
SHEET METAL WORKERS LOCAL UNION NO. 263 RETIREMENT SAVINGS PLAN · CEDAR RAPIDS, IA · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees of Sheet Metal Workers Local Union No. 263 Retiremen reported $181,426 in plan administrative expenses for 2024: 0.46% of average plan assets, above the peer median. Employer contributions averaged $1,963 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 0.50% to 0.46%. 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 220th-largest of 878 plans among Iowa employers on file, and the 1,189th of 5,337 in construction. In 2024, the employer put in $1.39 for every $1.00 employees contributed themselves.
Board of Trustees of Sheet Metal Workers Local Union No. 263 Retiremen's 2024 employer contribution ran below the $2,416 median for plans its size. 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 426498549 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.