Plan Ledger DOL Form 5500 · updated monthly

Iron Workers District Council of Tn & Vicinity Annuity PlanProfit-sharing plan

IRON WORKERS DISTRICT COUNCIL OF TENNESSEE VALLEY AND VICINITY ANNUITY PLAN · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Iron Workers District Council of Tn & Vicinity Annuity Plan reported $226,668 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,033 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 0.59% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 291st-largest of 1,496 plans among Tennessee employers on file, and the 1,715th of 4,798 in finance & insurance. active participation has grown from 1,792 to 2,432 since 2022.

Plan summary
Net assets, end of year$48,480,946
Participants with balances5,317
Active participants2,432
Employer contributions$7,376,429
Employee contributions—
Employer contribution per active participant$3,033
Average account balance$9,118
Benefits paid to participants$2,103,491
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$48.5M · 5,317 accts · $7.4M emplr
2023$40.0M · 4,677 accts · $5.4M emplr
2022$33.0M · 4,222 accts · $4.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,000
Investment management$93,007
Audit (IQPA)$15,450
Trustee / custodial$2,090
Total administrative$226,668
Employer contributions to the Iron Workers District Council of Tn & Vicinity Annuity Plan plan · 2024
Employer contribution per active participant$3,033
Median for plans this size$2,416
2024$3,033 per active participant
2023$2,536 per active participant
2022$2,591 per active participant

Iron Workers District Council of Tn & Vicinity Annuity Plan's 2024 employer contribution ran above 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 · 20246
SOUTHERN BENEFIT ADMINISTRATORS · Consulting$67,367
MORGAN STANLEY · Investment management · Investment advisory (plan)$40,490
STRANCH, JENNINGS & GARVEY PLLC · Legal$16,991
DANIELS, IRWIN & AYLOR CPAS · Accounting / audit$15,450
THE UNION LABOR LIFE INSURANCE CO · Investment management$10,310
MONEY MARKET, MUTUAL & ETFS · Custodial (securities) · Investment managementindirect comp

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$226,668 · 0.51%
2023$200,329 · 0.55%
2022$199,357 · 0.59%
Similar plansFinance & Insurance · Tennessee
Smartbank TN$57.3M · 0.37%
Southeast Bancorp, Inc. TN$52.5M · 0.00%
Ascend Federal Credit Union TN$51.4M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621747853 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.