I.A.T.S.E. Local 21401(k)
I.A.T.S.E. LOCAL 21 401(K) PLAN · MILLBURN, NJ · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
I.A.T.S.E. Local 21 reported $121,587 in plan administrative expenses for 2024: 0.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $903 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 0.62% to 0.73%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 1,128th-largest of 2,419 plans among New Jersey employers on file, and the 456th of 1,311 in arts, entertainment & recreation. In 2024, the employer put in $1.75 for every $1.00 employees contributed themselves; active participation has grown from 453 to 890 since 2022.
I.A.T.S.E. Local 21's 2024 employer contribution ran below the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 223585682 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.