Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Noe Annuity PlanProfit-sharing plan

NEW ORLEANS ELECTRICAL ANNUITY PLAN · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Board of Trustees of the Noe Annuity Plan reported $284,691 in plan administrative expenses for 2024: 0.34% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,318 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 0.34%. 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 183rd-largest of 1,496 plans among Tennessee employers on file, and the 681st of 5,337 in construction. active participation has grown from 1,475 to 1,917 since 2022.

Plan summary
Net assets, end of year$88,266,122
Participants with balances1,917
Active participants1,917
Employer contributions$6,361,040
Employee contributions—
Employer contribution per active participant$3,318
Average account balance$46,044
Benefits paid to participants$2,928,538
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$88.3M · 1,917 accts · $6.4M emplr
2023$77.2M · 1,439 accts · $5.2M emplr
2022$65.7M · 1,524 accts · $4.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,000
Investment management$131,476
Audit (IQPA)$12,175
Total administrative$284,691
Employer contributions to the Board of Trustees of the Noe Annuity Plan plan · 2024
Employer contribution per active participant$3,318
Median for plans this size$3,635
2024$3,318 per active participant
2023$3,744 per active participant
2022$3,045 per active participant

Board of Trustees of the Noe Annuity Plan's 2024 employer contribution ran below 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 · 20246
EMPOWER · Recordkeeping · Custodial (securities)$118,818
SOUTHERN BENEFIT ADMINISTRATORS · Plan administrator$55,615
SYNOVUS TRUST COMPANY · Investment advisory (plan)$44,359
MORGAN, LEWIS & BOCKIUS LLP · Legal$43,176
DANIELS, IRWIN & AYLOR · Accounting / audit$12,175
MUTUAL FUNDS · Custodial (securities) · Investment managementindirect 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
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Board of Trustees of the Noe Annuity Plan before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$284,691 · 0.34%
2023$318,200 · 0.45%
2022$253,559 · 0.36%
Similar plansConstruction · Tennessee
Barnhart Crane & Rigging Co. TN$162.0M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721417592 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.