Plan Ledger DOL Form 5500 · updated monthly

International Assoc of Heat and Frost Insulators & Allied WorkersMoney purchase plan

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS & ALLIED WORKERS LOCAL #3 PENSION PLAN · CANFIELD, OH · plan year 2024

Reported admin expense ratio · 2024
1.56%

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

International Assoc of Heat and Frost Insulators & Allied Workers reported $405,359 in plan administrative expenses for 2024: 1.56% of average plan assets, higher than ~90% of peers. Employer contributions averaged $13,419 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 0.94% to 1.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,075th-largest of 3,295 plans among Ohio employers on file, and the 831st of 3,341 in other services.

Plan summary
Net assets, end of year$26,237,891
Participants with balances269
Active participants206
Employer contributions$2,764,255
Employee contributions—
Employer contribution per active participant$13,419
Average account balance$97,539
Benefits paid to participants$4,014,247
Plan auditUnmodified (clean) audit opinion
AuditorYURCHYK & DAVIS CPA'S, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$26.2M · 269 accts · $2.8M emplr
2023$25.8M · 258 accts · $2.5M emplr
2022$25.2M · 245 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,317
Investment management$74,548
Audit (IQPA)$21,478
Total administrative$405,359
Employer contributions to the International Assoc of Heat and Frost Insulators & Allied Workers plan · 2024
Employer contribution per active participant$13,419
Median for plans this size$2,416
2024$13,419 per active participant
2023$12,723 per active participant
2022$11,879 per active participant

International Assoc of Heat and Frost Insulators & Allied Workers'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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Participant communication · Investment management$58,438
PARK EDGE ADVISORS, LLC · Consulting$74,548
BENESYS, INC. · Contract administrator$24,879
BARNES WENDLING CPAS · Accounting / audit$21,478
FRANTZ WARD LLP · Legal$7,805

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$405,359 · 1.56%
2023$266,103 · 1.04%
2022$231,342 · 0.94%
Similar plansOther Services · Ohio
Brechbuhler Scales, Inc. OH$28.5M · 0.31%
Ventech Solutions Inc OH$26.4M · 0.54%
The Cleveland Foundation OH$24.0M · 0.48%
Zepf Center OH$22.8M · 0.62%
Step Forward OH$21.9M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341311911 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.