Ibew Local Union No 102 Surety Plan Board of TrusteesProfit-sharing plan
IBEW LOCAL UNION NO 102 SURETY PLAN · PARSIPPANY, NJ · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Ibew Local Union No 102 Surety Plan Board of Trustees reported $354,840 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $12,460 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 0.048% to 0.054%. 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 100th-largest of 2,419 plans among New Jersey employers on file, and the 96th of 5,337 in construction.
Ibew Local Union No 102 Surety Plan Board of Trustees's 2024 employer contribution ran above the $4,294 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.
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 222347484 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.