Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees-Oregon Laborers- Employers Pension Trust Fund401(k)

OREGON LABORERS-EMPLOYERS DEFINED CONTRIBUTION AND 401(K) PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
2.09%

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

Board of Trustees-Oregon Laborers- Employers Pension Trust Fund reported $404,948 in plan administrative expenses for 2024: 2.09% of average plan assets, higher than ~90% of peers. Employer contributions averaged $450 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 2.21% to 2.09%. 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 351st-largest of 1,021 plans among Oregon employers on file, and the 1,961st of 5,337 in construction. In 2024, the employer put in $2.44 for every $1.00 employees contributed themselves; active participation has grown from 3,075 to 4,003 since 2022.

Plan summary
Net assets, end of year$20,923,527
Participants with balances4,811
Active participants4,003
Employer contributions$1,801,276
Employee contributions$736,918
Employer contribution per active participant$450
Average account balance$4,349
Benefits paid to participants$752,402
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.9M · 4,811 accts · $1.8M emplr
2023$17.9M · 4,399 accts · $1.6M emplr
2022$14.8M · 3,937 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$329,146
Investment management$15,475
Audit (IQPA)$19,521
Trustee / custodial$11,365
Total administrative$404,948
The Board of Trustees-Oregon Laborers- Employers Pension Trust Fund 401(k) match · 2024
Employer contribution per active participant$450
Median for plans this size$2,416
2024$450 per active participant
2023$442 per active participant
2022$476 per active participant

Board of Trustees-Oregon Laborers- Employers Pension Trust Fund's 2024 employer contribution ran below the $2,416 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 · 20247
MILLIMAN, INC. · Recordkeeping · Consulting$251,985
BROADRIDGE MATRIX TRUST CO. · Recordkeeping · Custodial (securities)$11,365
WILLIAM C. EARHART CO., INC. · Contract administrator$68,346
WEINBERG, ROGER & ROSENFELD · Legal$22,168
WITHUMSMITH+BROWN, PC · Accounting / audit$19,521
NEPC, LLC · Investment advisory (plan)$15,475
OLT ADMIN, LLC · Other services$8,815

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

Recordkeeper by year2
2024BROADRIDGE MATRIX TRUST CO., Milliman
2023BROADRIDGE MATRIX TRUST CO., Milliman

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Administrative cost history3
2024$404,948 · 2.09%
2023$387,158 · 2.37%
2022$340,520 · 2.21%
Similar plansConstruction · Oregon
Hydro-Temp Mechanical, Inc. OR$26.0M · 0.31%
American Heating, Inc. OR$22.1M · 0.23%
Lcg Pence, LLC OR$20.3M · 0.59%
Hunter-Davisson, Inc. OR$19.5M · 0.22%
Hoffman Corporation OR$19.0M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 276434385 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.