Board of Trustees Sheet Metal Workers Local 2401(k)

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

Board of Trustees Sheet Metal Workers Local 2 reported $300,296 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~75% of peers. Employer contributions averaged $512 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 0.29%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 179th-largest of 1,393 plans among Missouri employers on file, and the 579th of 5,337 in construction. In 2024, employees put in $2.72 for every $1.00 the employer contributed; active participation has grown from 1,937 to 3,023 since 2022.