Plan Ledger DOL Form 5500 · updated monthly

Insulators Local No. 23 Annuity FundProfit-sharing plan

INSULATORS LOCAL NO. 23 ANNUITY FUND · GRANTVILLE, PA · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Insulators Local No. 23 Annuity Fund reported $255,468 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,211 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 3 years on file its reported administrative ratio has held roughly steady near 0.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,019th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,320th of 5,337 in construction. active participation has shrunk from 357 to 302 since 2022.

Plan summary
Net assets, end of year$36,978,460
Participants with balances325
Active participants302
Employer contributions$1,271,600
Employee contributions—
Employer contribution per active participant$4,211
Average account balance$113,780
Benefits paid to participants$1,740,008
Plan auditUnmodified (clean) audit opinion
AuditorALAN ROSS & COMPANY PC
Plan history3
Yearassets · accounts · employer contribution
2024$37.0M · 325 accts · $1.3M emplr
2023$33.7M · 338 accts · $1.2M emplr
2022$32.9M · 383 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,129
Investment management$185,572
Audit (IQPA)$11,403
Total administrative$255,468
Employer contributions to the Insulators Local No. 23 Annuity Fund plan · 2024
Employer contribution per active participant$4,211
Median for plans this size$2,416
2024$4,211 per active participant
2023$3,678 per active participant
2022$3,277 per active participant

Insulators Local No. 23 Annuity Fund's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
JOHN HANCOCK RETIREMENT PLAN · Recordkeeping$155,572
GRAYSTONE INVESTMENT GROUP · Investment management$30,000
INSULATORS LOCAL 23 · Plan administrator$26,157
JBM COMPUTER CONSULTANTS · Other services$10,659
WILLIG WILLIAMS & DAVIDSON · Legal$9,619
ALAN ROSS & COMPANY, PC · Accounting / audit$9,100

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$255,468 · 0.72%
2023$207,597 · 0.62%
2022$239,901 · 0.74%
Similar plansConstruction · Pennsylvania
Myco Mechanical, Inc. PA$40.8M · 0.07%
Quandel Enterprises, LLC PA$39.7M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251586636 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.