Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the U. a. Local 350 Retirement TrustDC plan

U. A. LOCAL 350 RETIREMENT TRUST · RENO, NV · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Board of Trustees of the U. a. Local 350 Retirement Trust reported $231,309 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,804 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 fell from 0.66% to 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 69th-largest of 437 plans among Nevada employers on file, and the 1,182nd of 5,337 in construction. In 2024, the employer put in $1.76 for every $1.00 employees contributed themselves; active participation has grown from 695 to 882 since 2022.

Plan summary
Net assets, end of year$42,587,335
Participants with balances1,329
Active participants882
Employer contributions$1,590,843
Employee contributions$905,877
Employer contribution per active participant$1,804
Average account balance$32,045
Benefits paid to participants$3,038,043
Plan auditUnmodified (clean) audit opinion
AuditorCASEY NEILON, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$42.6M · 1,329 accts · $1.6M emplr
2023$38.2M · 1,667 accts · $1.3M emplr
2022$32.3M · 1,173 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$114,552
Investment management$12,750
Audit (IQPA)$52,669
Trustee / custodial$6,940
Total administrative$231,309
Employer contributions to the Board of Trustees of the U. a. Local 350 Retirement Trust plan · 2024
Employer contribution per active participant$1,804
Median for plans this size$2,416
2024$1,804 per active participant
2023$1,096 per active participant
2022$1,792 per active participant

Board of Trustees of the U. a. Local 350 Retirement Trust's 2024 employer contribution ran below the $2,416 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 · 20243
BENEFIT PLAN ADMINISTRATORS · Contract administrator · Accounting / audit$114,552
BERRY & CO CPAS LTD · Accounting / audit$52,669
US BANK · Custodial (securities)$675

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$231,309 · 0.57%
2023$211,367 · 0.60%
2022$230,004 · 0.66%
Similar plansConstruction · Nevada
Board of Trustees NV$80.0M · 0.66%
Lumos & Associates, Inc. NV$21.8M · 0.26%
New-Com, Inc. NV$19.9M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 880214223 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.