Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Sheet Metal, Air Youngstown DistrictProfit-sharing plan

SHEET METAL, AIR, RAIL, & TRANSPORTATION ASSOCIATION LOCAL UNION NO. 33 YOUNGSTOWN DISTRICT ANNUITY PLAN · CANFIELD, OH · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Board of Trustees Sheet Metal, Air Youngstown District reported $134,156 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,856 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 0.40% to 0.36%. 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 781st-largest of 3,295 plans among Ohio employers on file, and the 1,250th of 5,337 in construction. In 2024, the employer put in $9.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$39,447,929
Participants with balances451
Active participants503
Employer contributions$1,436,392
Employee contributions$157,993
Employer contribution per active participant$2,856
Average account balance$87,468
Benefits paid to participants$2,005,712
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.4M · 451 accts · $1.4M emplr
2023$35.4M · 461 accts · $1.4M emplr
2022$31.8M · 488 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,131
Investment management$24,000
Audit (IQPA)$10,250
Total administrative$134,156
Employer contributions to the Board of Trustees Sheet Metal, Air Youngstown District plan · 2024
Employer contribution per active participant$2,856
Median for plans this size$2,416
2024$2,856 per active participant
2023$2,777 per active participant
2022$3,010 per active participant

Board of Trustees Sheet Metal, Air Youngstown District'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 · 20247
JOHN HANCOCK · Custodial (securities) · Recordkeeping$37,717
BENESYS · Contract administrator · Recordkeeping$12,480
ASHER KELLY · Legal$14,858
SHEET METAL COLLECTION AGENCY$14,068
ANDCO CONSULTING · Consulting$12,000
MARINER INSTITUTIONAL LLC · Consulting$12,000
PACKER THOMAS · Accounting / audit$10,250

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

Recordkeeper by year2
2024BENESYS, John Hancock
2023BENESYS, John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$134,156 · 0.36%
2023$154,163 · 0.46%
2022$140,278 · 0.40%
Similar plansConstruction · Ohio
Schumacher Homes, Inc. OH$41.6M · 0.33%
Champion Opco, LLC OH$41.3M · 0.50%
Gardiner Service Company OH$39.1M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 346596079 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.