Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, Southern California Ibew-NecaMoney purchase plan

SOUTHERN CALIFORNIA IBEW-NECA DEFINED CONTRIBUTION PLAN · PASADENA, CA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Board of Trustees, Southern California Ibew-Neca reported $5,442,497 in plan administrative expenses for 2024: 0.44% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,413 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 0.48% to 0.44%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other construction employers. By assets it is the 112th-largest of 9,483 plans among California employers on file, and the 44th of 5,337 in construction.

Plan summary
Net assets, end of year$1,280,643,533
Participants with balances13,615
Active participants27,241
Employer contributions$65,745,229
Employee contributions—
Employer contribution per active participant$2,413
Average account balance$94,061
Benefits paid to participants$72,021,952
Plan auditUnmodified (clean) audit opinion
AuditorMILLER KAPLAN ARASE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 13,615 accts · $65.7M emplr
2023$1.2B · 13,699 accts · $64.0M emplr
2022$1.1B · 13,654 accts · $60.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,799
Investment management$1,698,507
Audit (IQPA)$77,590
Trustee / custodial$712,039
Total administrative$5,442,497
Employer contributions to the Board of Trustees, Southern California Ibew-Neca plan · 2024
Employer contribution per active participant$2,413
Median for plans this size$5,259
2024$2,413 per active participant
2023$2,399 per active participant
2022$2,297 per active participant

Board of Trustees, Southern California Ibew-Neca's 2024 employer contribution ran below the $5,259 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 · 202412
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Custodial (securities)$603,264
SO CA IBEW-NECA ADMIN. CORP. · Contract administrator$1,837,974
ULLICO · Investment management$559,221
GLOBAL TRUST COMPANY · Trustee$461,763
DODGE & COX$337,347
MORGAN LEWIS & BROCKIUS LLP · Legal$253,621
EARNEST PARTNERS, LLC$208,437
BUSH GOTTLIEB, A LAW CORPORATION · Legal$109,154
SEGAL ADVISORS INC. D/B/A SEGAL MAR · Investment advisory (plan)$105,000
THE BANK OF NEW YORK MELLON TR. CO. · Custodial (securities)$101,409
MILLER KAPLAN ARASE LLP · Accounting / audit$77,660
LAQUER URBAN CLIFFORD & HODGE LLP · Legal$39,246

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$5,442,497 · 0.44%
2023$5,635,100 · 0.49%
2022$5,124,022 · 0.48%
Similar plansConstruction · California
Board of Trustees Laborers Pension Trust Fund for Nor Cal-Annuity CA$1.5B · 0.23%
Acco Engineered Systems, Inc. CA$1.5B
Board of Trustees, California Iron Workers Field Defined Contribution CA$1.3B · 0.40%
Board of Trustees of Smart, Sheet Metal Workers Local 104 Sup Pension CA$1.3B · 0.11%
Board of Trustees, Southwest Carpenters Annuity Fund CA$1.1B · 0.34%
Dpr Construction CA$1.1B · 0.12%
Granite Construction Incorporated CA$962.2M · 0.03%
Board of Trusteees, Ibew Local 332 Pension Plan Part B CA$884.5M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 950079082 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.