Plan Ledger DOL Form 5500 · updated monthly

Intl Painters & Allied Trades Ind. Pension Fund-Profit-sharing plan

INTERNATIONAL PAINTERS AND ALLIED TRADES INDUSTRY ANNUITY PLAN · HANOVER, MD · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Intl Painters & Allied Trades Ind. Pension Fund- reported $3,504,846 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,856 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 0.41% to 0.56%. 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 34th-largest of 1,671 plans among Maryland employers on file, and the 107th of 5,337 in construction. active participation has grown from 10,625 to 25,636 since 2022.

Plan summary
Net assets, end of year$634,593,185
Participants with balances24,603
Active participants25,636
Employer contributions$47,576,842
Employee contributions—
Employer contribution per active participant$1,856
Average account balance$25,793
Benefits paid to participants$77,498,716
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$634.6M · 24,603 accts · $47.6M emplr
2023$620.3M · 18,644 accts · $48.2M emplr
2022$578.5M · 23,036 accts · $45.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,076,547
Investment management$173,157
Audit (IQPA)$35,200
Trustee / custodial$102,741
Total administrative$3,504,846
Employer contributions to the Intl Painters & Allied Trades Ind. Pension Fund- plan · 2024
Employer contribution per active participant$1,856
Median for plans this size$4,294
2024$1,856 per active participant
2023$4,492 per active participant
2022$4,242 per active participant

Intl Painters & Allied Trades Ind. Pension Fund-'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom 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 · 202412
MILLIMAN · Contract administrator · Custodial (securities)$1,034,544
TUCKER ARENSBERG PC · Legal$144,215
VITECH SYSTEMS GROUP · Consulting$137,354
VERUS ADVISORY, INC. · Investment advisory (plan)$85,000
NOVAK FRANCELLA LLC · Accounting / audit$71,163
NORTHERN TRUST GLOBAL INVESTMENTS · Investment management$69,957
PIIAF DC 9 · Contract administrator$45,508
NORTHERN TRUST COMPANY · Investment management$40,001
CHRISTENSEN, JAMES & MARTIN · Legal$12,785
MARQUETTE ASSOCIATES · Investment management$10,200
XPAN LAW GROUP LLC · Legal$8,580
NEPC, LLC · Investment advisory (plan)$7,500

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$3,504,846 · 0.56%
2023$3,225,669 · 0.54%
2022$2,495,556 · 0.41%
Same employer
Similar plansConstruction · Maryland

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Source: U.S. Department of Labor, Form 5500 series, EIN 526073909 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.