Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Pipe Trades Services Mn Pension Supplement TrProfit-sharing plan

PIPE TRADES SERVICES MN PENSION SUPPLEMENT FUND · WHITE BEAR LAKE, MN · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Board of Trustees of the Pipe Trades Services Mn Pension Supplement Tr reported $2,380,289 in plan administrative expenses for 2024: 0.14% of average plan assets, higher than ~90% of peers. Employer contributions averaged $10,987 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 0.140%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other construction employers. By assets it is the 27th-largest of 1,918 plans among Minnesota employers on file, and the 26th of 5,337 in construction.

Plan summary
Net assets, end of year$1,777,930,086
Participants with balances9,838
Active participants5,912
Employer contributions$64,954,055
Employee contributions—
Employer contribution per active participant$10,987
Average account balance$180,721
Benefits paid to participants$94,453,111
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.8B · 9,838 accts · $65.0M emplr
2023$1.6B · 9,824 accts · $64.3M emplr
2022$1.4B · 9,554 accts · $61.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$659,996
Investment management$648,329
Audit (IQPA)$60,500
Total administrative$2,380,289
Employer contributions to the Board of Trustees of the Pipe Trades Services Mn Pension Supplement Tr plan · 2024
Employer contribution per active participant$10,987
Median for plans this size$5,259
2024$10,987 per active participant
2023$10,684 per active participant
2022$10,218 per active participant

Board of Trustees of the Pipe Trades Services Mn Pension Supplement Tr's 2024 employer contribution ran above the $5,259 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 · 20248
PIPE TRADES SERVICES MN, INC. · Plan administrator$659,996
MILLIMAN, INC. · Actuarial · Consulting$587,266
INTERCONTINENTAL REAL ESTATE CORP · Investment management$256,928
FRANCIS LLC · Investment management$217,280
MATRIX TRUST COMPANY · Trustee · Trustee (directed)$173,121
TAFT STETTINIUS & HOLLISTER LLP · Legal$120,566
PLANTE & MORAN PLLC · Accounting / audit$60,500
HONSA-BINDER PRINTING, INC.$6,160

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$2,380,289 · 0.14%
2023$1,707,377 · 0.11%
2022$2,078,245 · 0.14%
Similar plansConstruction · Minnesota
Emcor Group, Inc. CT$1.7B · 0.04%
Garney Holding Company MO$1.7B · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411539354 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.