Employers and Cement Masons Local 90 Pension PlanMoney purchase plan
EMPLOYERS AND CEMENT MASONS LOCAL 90 PENSION PLAN · TROY, IL · plan year 2023
Reported admin expense ratio · 2023
0.91%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Employers and Cement Masons Local 90 Pension Plan reported $685,622 in plan administrative expenses for 2023: 0.91% of average plan assets, higher than ~90% of peers. Employer contributions averaged $12,143 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 0.88% to 0.99%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 673rd-largest of 3,702 plans among Illinois employers on file, and the 2,294th of 13,661 in manufacturing. active participation has grown from 302 to 360 since 2022.
Plan summary
Net assets, end of year$77,396,819
Participants with balances1,175
Active participants360
Employer contributions$4,371,446
Employee contributions—
Employer contribution per active participant$12,143
Average account balance$65,870
Benefits paid to participants$7,304,719
Plan auditUnmodified (clean) audit opinion
AuditorSCHEFFEL BOYLE
Plan history3
Yearassets · accounts · employer contribution
2024$77.3M · 1,156 accts · $4.8M emplr
2023$77.4M · 1,175 accts · $4.4M emplr
2022$73.8M · 1,080 accts · $4.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$163,717
Investment management$429,367
Audit (IQPA)$26,590
Total administrative$685,622
Employer contributions to the Employers and Cement Masons Local 90 Pension Plan plan · 2023
Employer contribution per active participant$12,143
Median for plans this size$3,659
2024$11,370 per active participant
2023$12,143 per active participant
2022$14,212 per active participant
Employers and Cement Masons Local 90 Pension Plan's 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Source: U.S. Department of Labor, Form 5500 series, EIN 376060397 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.