I.B.E.W. Board of Trustees for Local No 357 Pension TrustProfit-sharing plan
I.B.E.W. LOCAL UNION NO 357 PENSION TRUST FUND, PLAN B · LAS VEGAS, NV · plan year 2024
Reported admin expense ratio · 2024
0.08%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
I.B.E.W. Board of Trustees for Local No 357 Pension Trust reported $421,881 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $6,811 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 0.09% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 11th-largest of 437 plans among Nevada employers on file, and the 128th of 5,337 in construction.
Plan summary
Net assets, end of year$544,654,423
Participants with balances7,275
Active participants4,504
Employer contributions$30,675,266
Employee contributions—
Employer contribution per active participant$6,811
Average account balance$74,867
Benefits paid to participants$26,104,880
Plan auditUnmodified (clean) audit opinion
AuditorBERRY & CO., CPA'S LTD
Plan history3
Yearassets · accounts · employer contribution
2024$544.7M · 7,275 accts · $30.7M emplr
2023$480.9M · 7,497 accts · $38.6M emplr
2022$400.9M · 6,618 accts · $27.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$169,378
Investment management$18,838
Audit (IQPA)$44,450
Trustee / custodial$28,728
Total administrative$421,881
Employer contributions to the I.B.E.W. Board of Trustees for Local No 357 Pension Trust plan · 2024
Employer contribution per active participant$6,811
Median for plans this size$4,294
2024$6,811 per active participant
2023$8,090 per active participant
2022$6,709 per active participant
I.B.E.W. Board of Trustees for Local No 357 Pension Trust's 2024 employer contribution ran above the $4,294 median for plans its size. 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 886023284 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.