Plan Ledger DOL Form 5500 · updated monthly

Bot - Oregon Sheet Metal Workers Master Retirement Trust401(k)

IND ACCT PLAN FOR THE OREGON SHEET METAL WORKERS · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.39%

Bot - Oregon Sheet Metal Workers Master Retirement Trust reported $235,915 in plan administrative expenses for 2024: 0.39% of average plan assets, higher than ~90% of peers. 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 0.42% to 0.39%. 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 152nd-largest of 1,021 plans among Oregon employers on file, and the 892nd of 5,337 in construction.

Plan summary
Net assets, end of year$62,697,060
Participants with balances1,393
Active participants681
Employer contributions—
Employee contributions$2,513,790
Employer contribution per active participant—
Average account balance$45,009
Benefits paid to participants$3,834,658
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$62.7M · 1,393 accts
2023$57.8M · 1,378 accts
2022$50.2M · 1,361 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$152,640
Investment management$17,000
Audit (IQPA)$27,275
Trustee / custodial$808
Total administrative$235,915
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
JOHN HANCOCK RETIREMENT SERVICE · Plan administrator · Recordkeeping$72,360
THE WILLIAM C. EARHART COMPANY INC. · Contract administrator$81,251
CLIFTONLARSONALLEN LLP · Accounting / audit$27,275
VERUS ADVISORY, INC · Consulting$17,000
OGLETREE, DEAKINS, NASH, ET AL. · Legal$6,604

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

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Administrative cost history3
2024$235,915 · 0.39%
2023$251,792 · 0.47%
2022$234,039 · 0.42%
Similar plansConstruction · Oregon
Fortis Construction Inc. OR$66.0M · 0.34%
Wilson Construction Company OR$49.0M · 0.09%
Ec Company OR$42.7M
Mei Rigging & Crating, LLC OR$37.9M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 936018501 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.