Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Amalgamated Transit Union401(k)

AMALGAMATED TRANSIT UNION NATIONAL 401(K) PENSION PLAN · SPRINGFIELD, IL · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Board of Trustees of the Amalgamated Transit Union reported $765,156 in plan administrative expenses for 2024: 0.31% of average plan assets, higher than ~75% of peers. Employer contributions averaged $862 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 0.28% to 0.31%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 259th-largest of 3,702 plans among Illinois employers on file, and the 58th of 3,341 in other services. In 2024, employees put in $1.08 for every $1.00 the employer contributed; active participation has grown from 15,032 to 19,251 since 2022.

Plan summary
Net assets, end of year$267,091,879
Participants with balances17,584
Active participants19,251
Employer contributions$16,588,809
Employee contributions$17,869,831
Employer contribution per active participant$862
Average account balance$15,189
Benefits paid to participants$29,598,324
Plan auditUnmodified (clean) audit opinion
AuditorCALIBRE CPA GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$267.1M · 17,584 accts · $16.6M emplr
2023$230.7M · 14,422 accts · $13.4M emplr
2022$192.5M · 12,171 accts · $10.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$626,710
Investment management$62,582
Audit (IQPA)$26,000
Total administrative$765,156
The Board of Trustees of the Amalgamated Transit Union 401(k) match · 2024
Employer contribution per active participant$862
Median for plans this size$3,635
2024$862 per active participant
2023$805 per active participant
2022$696 per active participant

Board of Trustees of the Amalgamated Transit Union's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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
QUORUM CONSULTING GROUP · Pension consulting · Recordkeeping$626,710
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (plan)$62,582
EBERTS AND HARRISON · Insurance services$29,051
CALIBRE CPA GROUP, PLLC · Accounting / audit$26,000
SLEVIN & HART, P.C. · Legal$14,914

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024QUORUM CONSULTING GROUP
2023QUORUM CONSULTING GROUP

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

Administrative cost history3
2024$765,156 · 0.31%
2023$662,497 · 0.31%
2022$593,784 · 0.28%
Similar plansOther Services · Illinois
National Futures Association IL$300.9M · 0.00%
The Joint Commission IL$288.3M · 0.04%
Alzheimer's Association IL$276.9M · 0.03%
American Bar Association IL$211.7M · 0.06%
Sp Plus Corporation IL$202.6M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522059290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.