Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees,Plasterers Local 67 Pension Trust FundProfit-sharing plan

PLASTERERS LOCAL 67 PENSION TRUST FUND · BINGHAM FARMS, MI · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Board of Trustees,Plasterers Local 67 Pension Trust Fund reported $174,126 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,557 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 0.54%. 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 732nd-largest of 2,619 plans among Michigan employers on file, and the 1,439th of 5,337 in construction.

Plan summary
Net assets, end of year$32,886,560
Participants with balances1,260
Active participants530
Employer contributions$1,885,445
Employee contributions—
Employer contribution per active participant$3,557
Average account balance$26,100
Benefits paid to participants$3,110,463
Plan auditUnmodified (clean) audit opinion
AuditorBENDA, GRACE, STULZ & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$32.9M · 1,260 accts · $1.9M emplr
2023$31.3M · 1,249 accts · $2.0M emplr
2022$28.4M · 1,204 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,047
Investment management$110,797
Audit (IQPA)$9,200
Trustee / custodial$1,455
Total administrative$174,126
Employer contributions to the Board of Trustees,Plasterers Local 67 Pension Trust Fund plan · 2024
Employer contribution per active participant$3,557
Median for plans this size$2,416
2024$3,557 per active participant
2023$4,163 per active participant
2022$3,248 per active participant

Board of Trustees,Plasterers Local 67 Pension Trust Fund's 2024 employer contribution ran above 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 · 20246
TIC MIDWEST, LLC · Accounting / audit · Contract administrator$18,396
PRINCIPAL LIFRE INSURANCE COMPANY · Contract administrator$82,277
MERIILL LYNCH · Investment advisory (plan)$30,000
WATKINS PAWLICK CALATAI PRIFTI PC · Legal$9,243
BENDA, GRACE, STULZ & COMPANY, P.C. · Accounting / audit$9,200
CITY PRINTING COMPANY, INC.$5,351

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

Recordkeeper by year2
2024TIC MIDWEST, LLC
2023TIC INTERNATIONAL CORPORATION

This plan has changed recordkeepers within these filings. If you left Board of Trustees,Plasterers Local 67 Pension Trust Fund 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$174,126 · 0.54%
2023$179,682 · 0.60%
2022$162,009 · 0.57%
Similar plansConstruction · Michigan
Feyen Zylstra L.L.C. MI$35.6M · 0.32%
Bouma Group, Inc. MI$31.8M · 0.37%
Conti Service, LLC MI$29.4M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 386103880 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.