Plan Ledger DOL Form 5500 · updated monthly

Carpenters Local No 491 Annuity PlanMoney purchase plan

CARPENTERS LOCAL UNION NO 491 ANNUITY PLAN · SPARKS, MD · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Carpenters Local No 491 Annuity Plan reported $132,118 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $4,168 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 0.41% to 0.38%. 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 404th-largest of 1,671 plans among Maryland employers on file, and the 585th of 3,341 in other services.

Plan summary
Net assets, end of year$37,218,172
Participants with balances9,068
Active participants1,130
Employer contributions$4,709,915
Employee contributions—
Employer contribution per active participant$4,168
Average account balance$4,104
Benefits paid to participants$2,024,458
Plan auditUnmodified (clean) audit opinion
AuditorIRA MARC MILLER AND CO PA
Plan history3
Yearassets · accounts · employer contribution
2024$37.2M · 9,068 accts · $4.7M emplr
2023$31.8M · 8,905 accts · $4.1M emplr
2022$25.6M · 8,736 accts · $3.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,531
Investment management$15,312
Audit (IQPA)$16,875
Total administrative$132,118
Employer contributions to the Carpenters Local No 491 Annuity Plan plan · 2024
Employer contribution per active participant$4,168
Median for plans this size$2,416
2024$4,168 per active participant
2023$3,895 per active participant
2022$3,117 per active participant

Carpenters Local No 491 Annuity Plan's 2024 employer contribution ran above the $2,416 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.

Service providers · 20245
ASSOCIATED ADMINSTRATORS · Plan administrator · Recordkeeping$35,531
BATOFF ASSOCIATES · Legal$38,732
IRA MARC MILLER AND CO PA · Accounting / audit$16,875
BOLTON PARTNERS INVESTMENT CONSULTI · Investment advisory (plan)$12,975
YORK INSURANCE SERVICES INC · Insurance services$5,011

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

Recordkeeper by year2
2024ASSOCIATED ADMINSTRATORS
2023ASSOCIATED ADMINSTRATORS

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

Administrative cost history3
2024$132,118 · 0.38%
2023$112,577 · 0.39%
2022$113,916 · 0.41%
Similar plansOther Services · Maryland
The Norwood School, Inc. MD$48.4M · 0.06%
Global Communities MD$42.7M · 0.23%
The Chimes, Inc. MD$38.6M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521840473 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.