Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Teamsters Union Local NO.142 Annuity Fund401(k)

TEAMSTERS UNION LOCAL NO. 142 ANNUITY FUND · GARY, IN · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Board of Trustees of Teamsters Union Local NO.142 Annuity Fund reported $375,562 in plan administrative expenses for 2024: 0.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,518 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 0.79% to 0.74%. 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 262nd-largest of 1,562 plans among Indiana employers on file, and the 974th of 5,337 in construction. In 2024, the employer put in $19.69 for every $1.00 employees contributed themselves; active participation has grown from 1,102 to 1,330 since 2022.

Plan summary
Net assets, end of year$55,218,594
Participants with balances1,283
Active participants1,330
Employer contributions$7,339,602
Employee contributions$372,749
Employer contribution per active participant$5,518
Average account balance$43,039
Benefits paid to participants$3,964,205
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$55.2M · 1,283 accts · $7.3M emplr
2023$46.4M · 1,198 accts · $6.7M emplr
2022$37.1M · 1,104 accts · $6.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$106,218
Investment management$27,500
Audit (IQPA)$14,175
Trustee / custodial$18,252
Total administrative$375,562
The Board of Trustees of Teamsters Union Local NO.142 Annuity Fund 401(k) match · 2024
Employer contribution per active participant$5,518
Median for plans this size$3,635
2024$5,518 per active participant
2023$5,529 per active participant
2022$5,606 per active participant

Board of Trustees of Teamsters Union Local NO.142 Annuity Fund's 2024 employer contribution ran above the $3,635 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.

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 · 20248
MILLIMAN · Recordkeeping$99,718
LEGACY PROFESSIONALS LLP · Accounting / audit · Recordkeeping$20,675
JAY SMITH · Plan administrator$82,154
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$27,500
MATRIX TRUST COMPANY · Custodial (securities) · Trustee$10,515
ASHER GITTLER & D'ALBA LTD · Legal$9,600
BMO HARRIS BANK N.A. · Custodial$7,737
LEDBETTER PARTNERS LLC · Legal$5,189

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, Milliman
2023LEGACY PROFESSIONALS LLP, Milliman

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

Administrative cost history3
2024$375,562 · 0.74%
2023$422,809 · 1.01%
2022$302,840 · 0.79%
Similar plansConstruction · Indiana
Gene B. Glick Company, Inc. IN$61.0M · 0.14%
Centurion Industries, Inc. IN$60.2M · 0.28%
Performance Services, Inc. IN$52.2M · 0.27%
Badger Daylighting Corp. IN$45.2M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273032105 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.