Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, Tile Industry Retirement SavingsMoney purchase plan

TILE INDUSTRY RETIREMENT SAVINGS TRUST FUND · WEST COVINA, CA · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Board of Trustees, Tile Industry Retirement Savings reported $537,768 in plan administrative expenses for 2024: 0.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,774 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 0.33% to 0.42%. 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 811th-largest of 9,483 plans among California employers on file, and the 497th of 5,337 in construction.

Plan summary
Net assets, end of year$129,729,454
Participants with balances3,438
Active participants1,980
Employer contributions$5,491,618
Employee contributions—
Employer contribution per active participant$2,774
Average account balance$37,734
Benefits paid to participants$12,423,027
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$129.7M · 3,438 accts · $5.5M emplr
2023$128.8M · 3,430 accts · $4.5M emplr
2022$126.1M · 3,471 accts · $4.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$122,298
Investment management$231,021
Audit (IQPA)$36,750
Trustee / custodial$15,042
Total administrative$537,768
Employer contributions to the Board of Trustees, Tile Industry Retirement Savings plan · 2024
Employer contribution per active participant$2,774
Median for plans this size$3,635
2024$2,774 per active participant
2023$2,297 per active participant
2022$2,130 per active participant

Board of Trustees, Tile Industry Retirement Savings's 2024 employer contribution ran below the $3,635 median for plans its size. 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 · 20249
WEDGE CAPITAL MANAGEMENT LLP · Investment management$124,509
BENESYS, INC. · Contract administrator$114,144
INVESTMENT PERFORMANCE SERVICES LLC · Consulting · Investment advisory (plan)$80,000
MELISSA W COOK & ASSOCIATES · Legal$50,706
MILLER KAPLAN ARASE LLP · Accounting / audit$36,750
U.S. BANK NA · Custodial (securities) · Investment management$24,712
KENNEDY LAW FIRM · Legal$19,890
MUFG UNION BANK · Other services$15,042
ALSWEET ASSOCIATES · Accounting / audit$8,154

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$537,768 · 0.42%
2023$450,199 · 0.35%
2022$437,197 · 0.33%
Similar plansConstruction · California
Granite Rock Company CA$132.7M · 0.08%
Walters & Wolf Glass Company CA$127.0M · 0.15%
Solv Energy, LLC CA$114.0M · 0.22%
Lyles Diversified, Inc. CA$111.0M · 0.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 956118656 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.