Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees - Southeast Laborers Supplemental Pension FundMoney purchase plan

SOUTHEAST LABORERS SUPPLEMENTAL PENSION FUND · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Board of Trustees - Southeast Laborers Supplemental Pension Fund reported $258,418 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $703 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 rose from 0.49% 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 289th-largest of 1,496 plans among Tennessee employers on file, and the 1,067th of 5,337 in construction.

Plan summary
Net assets, end of year$48,735,758
Participants with balances22,832
Active participants7,142
Employer contributions$5,018,645
Employee contributions—
Employer contribution per active participant$703
Average account balance$2,135
Benefits paid to participants$1,289,756
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR
Plan history3
Yearassets · accounts · employer contribution
2024$48.7M · 22,832 accts · $5.0M emplr
2023$42.0M · 20,528 accts · $4.9M emplr
2022$35.5M · 18,602 accts · $4.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$116,000
Investment management$47,089
Audit (IQPA)$14,050
Trustee / custodial$1,468
Total administrative$258,418
Employer contributions to the Board of Trustees - Southeast Laborers Supplemental Pension Fund plan · 2024
Employer contribution per active participant$703
Median for plans this size$2,416
2024$703 per active participant
2023$724 per active participant
2022$581 per active participant

Board of Trustees - Southeast Laborers Supplemental Pension 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 · 20245
SOUTHERN BENEFIT ADMINISTRATORS · Plan administrator$126,576
UBS FINANCIAL SERVICES · Custodial (securities) · Investment advisory (plan)$47,089
DANIELS IRWIN & AYLOR · Accounting / audit$14,050
STRANCH, JENNINGS & GARVEY · Legal$6,613
MONEY MARKET & MUTUAL FUNDS · Custodial (securities) · Investment managementindirect comp

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$258,418 · 0.57%
2023$205,265 · 0.53%
2022$166,047 · 0.49%
Similar plansConstruction · Tennessee
Lee Company TN$68.7M · 0.37%
John Bouchard & Sons Co. TN$46.7M · 0.48%
Belz Investco, G.P. TN$43.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300625287 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.