Plan Ledger DOL Form 5500 · updated monthly

Irish ConstructionMoney purchase plan

IRISH DAVIS-BACON PENSION PLAN AND TRUST · ROSEMEAD, CA · plan year 2023

Reported admin expense ratio · 2023
1.46%

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

Irish Construction reported $75,135 in plan administrative expenses for 2023: 1.46% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,656 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 1.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (6,854th of 9,483), and 3,889th of 5,337 in construction. active participation has shrunk from 249 to 205 since 2022.

Plan summary
Net assets, end of year$5,459,721
Participants with balances213
Active participants205
Employer contributions$544,550
Employee contributions$0
Employer contribution per active participant$2,656
Average account balance$25,632
Benefits paid to participants$624,798
Plan auditUnmodified (clean) audit opinion
AuditorCHRIST T BENNETT CPA
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 198 accts · $501K emplr
2023$5.5M · 213 accts · $545K emplr
2022$4.8M · 258 accts · $841K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$38,080
Investment management$37,055
Total administrative$75,135
Employer contributions to the Irish Construction plan · 2023
Employer contribution per active participant$2,656
Median for plans this size$1,308
2024$3,231 per active participant
2023$2,656 per active participant
2022$3,377 per active participant

Irish Construction's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
EMPOWER ANNUITY INSURANCE · Recordkeeping$17,007
M GROUP INVESTMENT ADVISORS LLC · Pension consulting · Investment advisory (plan)$27,231
DAVIS BACON PENISON PLANS, INC · Contract administrator · Valuation$21,072
EMPOWER RETIREMENT ADVISORY SERVICE · Investment advisory (participants)$8,090

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
2023Empower

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

Administrative cost history3
2024$73,885 · 1.40%
2023$75,135 · 1.46%
2022$71,170 · 1.42%
Same employer
Similar plansConstruction · California
Glazier Steel CA$5.6M · 0.94%
Full Spectrum Group, LLC. CA$5.6M · 0.72%
Rowan, Incorporated CA$5.5M · 1.47%
Allied Framers, LLC CA$5.5M · 0.05%
A-C Electric Company CA$5.4M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951529901 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.