Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Electrical Workers Local Union 159 RetirementProfit-sharing plan

ELECTRICAL WORKERS LOCAL UNION 159 RETIREMENT PLAN · MADISON, WI · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Board of Trustees of the Electrical Workers Local Union 159 Retirement reported $267,401 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $11,496 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 0.07%. 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 72nd-largest of 1,936 plans among Wisconsin employers on file, and the 164th of 5,337 in construction. In 2024, the employer put in $48.63 for every $1.00 employees contributed themselves; active participation has grown from 1,358 to 1,819 since 2022.

Plan summary
Net assets, end of year$432,969,821
Participants with balances1,805
Active participants1,819
Employer contributions$20,911,421
Employee contributions$429,994
Employer contribution per active participant$11,496
Average account balance$239,872
Benefits paid to participants$13,282,473
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$433.0M · 1,805 accts · $20.9M emplr
2023$374.4M · 1,630 accts · $18.6M emplr
2022$310.3M · 1,488 accts · $15.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$110,059
Investment management$20,625
Audit (IQPA)$32,763
Total administrative$267,401
Employer contributions to the Board of Trustees of the Electrical Workers Local Union 159 Retirement plan · 2024
Employer contribution per active participant$11,496
Median for plans this size$4,294
2024$11,496 per active participant
2023$11,300 per active participant
2022$11,617 per active participant

Board of Trustees of the Electrical Workers Local Union 159 Retirement'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.

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
WISCONSIN ELECTRICAL EMPLOYEE BENEF · Contract administrator · Plan administrator$80,124
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$39,363
REINHART BOERNER VAN DEUREN S.C · Legal$67,239
CLIFTON LARSEN ALLEN · Accounting / audit$32,572
MARINER INSTITUTIONAL LLC · Investment advisory (plan)$20,625

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

Recordkeeper by year2
2024Empower, WISCONSIN ELECTRICAL EMPLOYEE BENEF
2023Empower, Prudential, WISCONSIN ELECTRICAL EMPLOYEE BENEF

This plan has changed recordkeepers within these filings. If you left Board of Trustees of the Electrical Workers Local Union 159 Retirement before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$267,401 · 0.07%
2023$319,874 · 0.09%
2022$316,844 · 0.09%
Similar plansConstruction · Wisconsin
Board of Trustees WI$476.7M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352759032 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.