Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Central South Carpenters and Millwrights Defi401(k)

CENTRAL SOUTH CARPENTERS AND MILWRIGHTS DEFINED CONTRIBUTION FUND · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Board of Trustees of the Central South Carpenters and Millwrights Defi reported $1,903,165 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~90% of peers. Employer contributions averaged $962 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 0.20% to 0.25%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 27th-largest of 1,496 plans among Tennessee employers on file, and the 147th of 4,798 in finance & insurance. In 2024, the employer put in $139.82 for every $1.00 employees contributed themselves; active participation has grown from 16,820 to 51,643 since 2022.

Plan summary
Net assets, end of year$1,239,207,507
Participants with balances51,643
Active participants51,643
Employer contributions$49,674,974
Employee contributions$355,273
Employer contribution per active participant$962
Average account balance$23,996
Benefits paid to participants$42,010,994
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.2B · 51,643 accts · $49.7M emplr
2023$261.2M · 15,271 accts · $15.0M emplr
2022$185.9M · 16,820 accts · $15.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$432,999
Investment management$555,842
Audit (IQPA)$150,101
Trustee / custodial$13,640
Total administrative$1,903,165
The Board of Trustees of the Central South Carpenters and Millwrights Defi 401(k) match · 2024
Employer contribution per active participant$962
Median for plans this size$4,294
2024$962 per active participant
2023$983 per active participant
2022$917 per active participant

Board of Trustees of the Central South Carpenters and Millwrights Defi's 2024 employer contribution ran below the $4,294 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 · 202412
SOUTHERN BENEFIT ADMINISTRATORS · Contract administrator · Other services$528,436
THE YOUNGDAHL LAW FIRM, P.C. · Legal$318,010
ULLICO INVESTMENT ADVISORS · Investment management · Custodial (securities)$229,756
CRESCENT CREDIT SOLUTIONS · Custodial (securities) · Investment management$111,052
AMALGAMATED BANK · Custodial (securities)$109,065
LOOMIS, SAYLES & COMPANY, L.P. · Investment management$99,548
CALIBRE CPA GROUP PLLC · Accounting / audit$72,704
BLACKSTONE INFRASTRUCTURE · Custodial (securities) · Investment management$56,835
AMERICAN REALTY ADVISORS · Investment management$51,540
ALAN D BILLER ASSOCIATES, INC. · Investment advisory (plan)$50,000
REYNOLDS CONSULTING, LLC · Investment advisory (plan) · Pension consulting$36,831
DANIELS, IRWIN & AYLOR · Accounting / audit$32,300

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

Administrative cost history3
2024$1,903,165 · 0.25%
2023$431,104 · 0.19%
2022$404,963 · 0.20%
Similar plansFinance & Insurance · Tennessee
First Horizon Corporation TN$1.3B · 0.10%
Asurion LLC TN$733.3M · 0.15%
Pinnacle Bank TN$564.6M · 0.01%
Eastman Credit Union TN$146.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710851216 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.