Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Structural Iw Local #1 Annuity PlanProfit-sharing plan

STRUCTURAL IRON WORKERS LOCAL #1 ANNUITY PLAN · FOREST PARK, IL · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Board of Trustees of Structural Iw Local #1 Annuity Plan reported $518,751 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $7,490 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 0.11% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 173rd-largest of 3,702 plans among Illinois employers on file, and the 160th of 5,337 in construction.

Plan summary
Net assets, end of year$443,766,777
Participants with balances2,142
Active participants3,388
Employer contributions$25,377,325
Employee contributions—
Employer contribution per active participant$7,490
Average account balance$207,174
Benefits paid to participants$37,356,564
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$443.8M · 2,142 accts · $25.4M emplr
2023$416.0M · 2,263 accts · $26.7M emplr
2022$393.3M · 2,351 accts · $27.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$123,510
Investment management$33,250
Audit (IQPA)$28,000
Total administrative$518,751
Employer contributions to the Board of Trustees of Structural Iw Local #1 Annuity Plan plan · 2024
Employer contribution per active participant$7,490
Median for plans this size$4,294
2024$7,490 per active participant
2023$7,569 per active participant
2022$8,989 per active participant

Board of Trustees of Structural Iw Local #1 Annuity Plan's 2024 employer contribution ran above the $4,294 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 · 20247
LEGACY PROFESSIONALS LLP · Accounting / audit · Recordkeeping$45,099
EMPOWER · Contract administrator · Trustee$106,411
JOHNSON AND KROL LLC · Legal$75,609
JOHN GARDINER · Plan administrator$71,719
KINGA PILCH$36,733
STRATEGIC CAPITAL · Investment advisory (plan)$33,250
SEGAL SELECTindirect comp

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$518,751 · 0.12%
2023$499,573 · 0.12%
2022$446,430 · 0.11%
Similar plansConstruction · Illinois
Walsh Construction Company IL$610.9M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 366551011 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.