Board of Trustees Studio Mechanics Local 476 Annuity FundMoney purchase plan

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

Board of Trustees Studio Mechanics Local 476 Annuity Fund reported $241,599 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $561 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 0.55% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,074th-largest of 3,702 plans among Illinois employers on file, and the 535th of 3,341 in other services. active participation has shrunk from 1,732 to 1,445 since 2022.