Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Neca-Ibew Pension Benefit Trust FundMoney purchase plan

NECA-IBEW PENSION BENEFIT TRUST FUND · ST. LOUIS, MO · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Board of Trustees of the Neca-Ibew Pension Benefit Trust Fund reported $700,402 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $8,748 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 3 years on file its reported administrative ratio has held roughly steady near 0.071%. 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 31st-largest of 1,393 plans among Missouri employers on file, and the 55th of 5,337 in construction. active participation has grown from 3,999 to 4,518 since 2022.

Plan summary
Net assets, end of year$1,048,963,520
Participants with balances4,969
Active participants4,518
Employer contributions$39,525,112
Employee contributions—
Employer contribution per active participant$8,748
Average account balance$211,102
Benefits paid to participants$61,226,897
Plan auditUnmodified (clean) audit opinion
AuditorANDERS MINKLER HUBER HELM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.0B · 4,969 accts · $39.5M emplr
2023$916.8M · 4,509 accts · $36.1M emplr
2022$816.3M · 4,340 accts · $33.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$119,929
Investment management$172,444
Audit (IQPA)$44,957
Total administrative$700,402
Employer contributions to the Board of Trustees of the Neca-Ibew Pension Benefit Trust Fund plan · 2024
Employer contribution per active participant$8,748
Median for plans this size$4,294
2024$8,748 per active participant
2023$8,769 per active participant
2022$8,406 per active participant

Board of Trustees of the Neca-Ibew Pension Benefit Trust Fund'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
IBEW-NECA SERVICE CENTER · Contract administrator$205,195
SCARBOROUGH CAPITAL MANAGEMENT · Investment advisory (plan)$95,583
SEGAL SELECT INSURANCE SERVICES · Insurance services$70,703
ANDERS MINKLER HUBER & HELM LLP · Accounting / audit$44,957
MARQUETTE ASSOCIATES · Investment advisory (plan)$33,750
SCHUCHAT, COOK & WERNER · Legal$5,375

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$700,402 · 0.07%
2023$605,989 · 0.07%
2022$592,526 · 0.07%
Similar plansConstruction · Missouri
Garney Holding Company MO$1.7B · 0.00%
Core & Main MO$500.4M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 436184756 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.