Plan Ledger DOL Form 5500 · updated monthly

Defined Contrib Pl, Agc-Iuoe Local 701 Pension Trust Fund TrusteesMoney purchase plan

DEFINED CONTRIBUTION PLAN OF THE AGC-IUOE LOCAL 701 PENSION TRUST FUND · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Defined Contrib Pl, Agc-Iuoe Local 701 Pension Trust Fund Trustees reported $332,775 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $1,475 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 0.22%. 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 125th-largest of 1,714 plans among Washington employers on file, and the 427th of 5,337 in construction.

Plan summary
Net assets, end of year$157,211,971
Participants with balances4,923
Active participants4,274
Employer contributions$6,302,062
Employee contributions—
Employer contribution per active participant$1,475
Average account balance$31,934
Benefits paid to participants$10,888,912
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$157.2M · 4,923 accts · $6.3M emplr
2023$143.4M · 4,822 accts · $6.1M emplr
2022$122.9M · 4,725 accts · $6.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$239,393
Investment management$17,646
Audit (IQPA)$10,722
Trustee / custodial$331
Total administrative$332,775
Employer contributions to the Defined Contrib Pl, Agc-Iuoe Local 701 Pension Trust Fund Trustees plan · 2024
Employer contribution per active participant$1,475
Median for plans this size$3,635
2024$1,475 per active participant
2023$1,458 per active participant
2022$1,473 per active participant

Defined Contrib Pl, Agc-Iuoe Local 701 Pension Trust Fund Trustees's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20246
JOHN HANCOCK RETIREMENT SERVICES · Recordkeeping · Investment advisory (plan)$12,768
WELFARE & PENSION ADMIN SERVICES · Plan administrator$215,944
COUGHRAN & MORALES, P.S. · Legal$29,089
NEPC, LLC · Pension consulting$17,646
AGC-IUOE LOCAL 701 TRAINING TRUST · Accounting / audit$14,647
PLATFORM CPAS, LLP · Accounting / audit$10,722

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

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

Administrative cost history3
2024$332,775 · 0.22%
2023$323,667 · 0.24%
2022$311,411 · 0.23%
Similar plansConstruction · Washington
McKinstry Co. LLC WA$251.6M · 0.10%
Goodfellow Civil Corp. WA$174.2M · 0.07%
Goodfellow Bros., LLC. WA$126.0M · 0.11%
Manson Construction Co. WA$118.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 936075580 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.