Plan Ledger DOL Form 5500 · updated monthly

Indiana Carpenters Pension FundDC plan

INDIANA CARPENTERS PENSION FUND · TROY, MI · plan year 2022

Reported admin expense ratio · 2022
0.45%

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

Indiana Carpenters Pension Fund reported $2,800,097 in plan administrative expenses for 2022: 0.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $15,399 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.

The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other other services employers. By assets it is the 61st-largest of 2,619 plans among Michigan employers on file, and the 20th of 3,341 in other services.

Plan summary
Net assets, end of year$581,052,279
Participants with balances7,583
Active participants2,955
Employer contributions$45,502,612
Employee contributions—
Employer contribution per active participant$15,399
Average account balance$76,626
Benefits paid to participants$52,935,364
Plan auditUnmodified (clean) audit opinion
AuditorL.M. HENDERSON & COMPANY, LLP
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $10.9M emplr
2022$581.1M · 7,583 accts · $45.5M emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$232,344
Investment management$1,930,862
Professional / advisory$280,667
Total administrative$2,800,097
Employer contributions to the Indiana Carpenters Pension Fund plan · 2022
Employer contribution per active participant$15,399
Median for plans this size$4,065

Indiana Carpenters Pension Fund's 2022 employer contribution ran above the $4,065 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$2,800,097 · 0.45%
Similar plansOther Services · Michigan
The Rand Corporation CA$655.7M · 0.02%
The Cna Corporation VA$601.3M · 0.03%
Unifirst Corporation MA$554.2M · 0.16%
Arthrex, Inc. FL$540.1M · 0.05%
Acce Benefit Trust VA$539.1M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 356057648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.