Board of Trustees - Southern Electrical Retirement FundMoney purchase plan
SOUTHERN ELECTRICAL RETIREMENT FUND · GOODLETTSVILLE, TN · plan year 2024
Reported admin expense ratio · 2024
0.32%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees - Southern Electrical Retirement Fund reported $6,599,233 in plan administrative expenses for 2024: 0.32% of average plan assets, higher than ~90% of peers. Employer contributions averaged $10,811 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 0.323%. 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 14th-largest of 1,496 plans among Tennessee employers on file, and the 19th of 5,337 in construction. active participation has grown from 11,228 to 13,044 since 2022.
Plan summary
Net assets, end of year$2,185,463,897
Participants with balances25,932
Active participants13,044
Employer contributions$141,015,963
Employee contributions—
Employer contribution per active participant$10,811
Average account balance$84,277
Benefits paid to participants$86,784,530
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR
Plan history3
Yearassets · accounts · employer contribution
2024$2.2B · 25,932 accts · $141.0M emplr
2023$1.9B · 24,071 accts · $122.0M emplr
2022$1.7B · 23,337 accts · $117.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$617,200
Investment management$5,003,935
Audit (IQPA)$58,000
Trustee / custodial$10,867
Total administrative$6,599,233
Employer contributions to the Board of Trustees - Southern Electrical Retirement Fund plan · 2024
Employer contribution per active participant$10,811
Median for plans this size$5,259
2024$10,811 per active participant
2023$10,644 per active participant
2022$10,486 per active participant
Board of Trustees - Southern Electrical Retirement Fund's 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 626125711 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.