Ironworkers Local 11 Annuity Fund Board of TrusteesMoney purchase plan
IRONWORKERS LOCAL 11 ANNUITY FUND · SPRINGFIELD, NJ · plan year 2024
Reported admin expense ratio · 2024
0.50%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Ironworkers Local 11 Annuity Fund Board of Trustees reported $1,848,682 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~90% of peers. Employer contributions averaged $17,040 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 0.54% to 0.50%. 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 152nd-largest of 2,419 plans among New Jersey employers on file, and the 192nd of 5,337 in construction.
Plan summary
Net assets, end of year$373,090,000
Participants with balances4,481
Active participants1,135
Employer contributions$19,339,840
Employee contributions—
Employer contribution per active participant$17,040
Average account balance$83,260
Benefits paid to participants$33,071,117
Plan auditUnmodified (clean) audit opinion
AuditorFISCHER DORWART, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$373.1M · 4,481 accts · $19.3M emplr
2023$359.3M · 4,511 accts · $19.2M emplr
2022$363.7M · 4,548 accts · $19.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$524,769
Investment management$1,199,978
Audit (IQPA)$39,373
Trustee / custodial$20,931
Total administrative$1,848,682
Employer contributions to the Ironworkers Local 11 Annuity Fund Board of Trustees plan · 2024
Employer contribution per active participant$17,040
Median for plans this size$4,294
2024$17,040 per active participant
2023$16,731 per active participant
2022$16,584 per active participant
Ironworkers Local 11 Annuity Fund Board of Trustees'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 · 202412
IRONWORKERS LOCAL 11 WELFARE FUND · Other services$524,769
NEW TOWER TRUST CO. (MEPT) · Investment management$215,529
MORGAN STANLEY · Investment management$176,913
INTERCONTINENTAL REAL ESTATE CORP. · Investment management$135,029
LORD ABBETT · Investment management$124,099
WCM FOCUSED INTERNATIONAL GROWTH · Investment management$101,507
Source: U.S. Department of Labor, Form 5500 series, EIN 516135653 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.