Plan Ledger DOL Form 5500 · updated monthly

Intl Assoc Heat and Frost InsulatorProfit-sharing plan

HEAT AND FROST INSULATORS DEFINED CONTRIBUTION · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Intl Assoc Heat and Frost Insulator reported $141,684 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,351 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 0.41%. 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 673rd-largest of 2,619 plans among Michigan employers on file, and the 1,342nd of 5,337 in construction. In 2024, the employer put in $9.81 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$36,130,808
Participants with balances1,158
Active participants1,158
Employer contributions$1,564,215
Employee contributions$159,507
Employer contribution per active participant$1,351
Average account balance$31,201
Benefits paid to participants$2,864,393
Plan auditUnmodified (clean) audit opinion
AuditorWRUBEL WESLEY & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$36.1M · 1,158 accts · $1.6M emplr
2023$33.5M · 1,153 accts · $1.3M emplr
2022$29.2M · 1,181 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,926
Investment management$20,000
Audit (IQPA)$11,721
Trustee / custodial$20,376
Total administrative$141,684
Employer contributions to the Intl Assoc Heat and Frost Insulator plan · 2024
Employer contribution per active participant$1,351
Median for plans this size$2,416
2024$1,351 per active participant
2023$1,151 per active participant
2022$1,172 per active participant

Intl Assoc Heat and Frost Insulator's 2024 employer contribution ran below the $2,416 median for plans its size. 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
NOVARA, TESJIA, CATENACCI · Legal$38,288
COMERICA BANK · Investment management$20,376
MARQUETTE ASSOCIATES · Investment advisory (plan)$20,000
BENESYS · Contract administrator · Participant communication$18,926
WRUBEL WESLEY AND COMPANY C.P.A.'S · Accounting / audit$10,250

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

Administrative cost history3
2024$141,684 · 0.41%
2023$124,605 · 0.40%
2022$123,258 · 0.39%
Similar plansConstruction · Michigan
Kent Companies, Inc. MI$36.6M · 0.36%
Feyen Zylstra L.L.C. MI$35.6M · 0.32%
Bouma Group, Inc. MI$31.8M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382679760 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.