Isc Plasterers & Cement Masons Pension FundProfit-sharing plan
INDIANA STATE COUNCIL OF PLASTERERS & CEMENT MASONS PENSION FUND · INDIANAPOLIS, IN · plan year 2024
Reported admin expense ratio · 2024
1.36%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Isc Plasterers & Cement Masons Pension Fund reported $4,535,726 in plan administrative expenses for 2024: 1.36% of average plan assets, higher than ~90% of peers. Employer contributions averaged $9,043 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 0.65% to 1.36%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 48th-largest of 1,562 plans among Indiana employers on file, and the 398th of 4,798 in finance & insurance. active participation has grown from 1,127 to 1,877 since 2022.
Plan summary
Net assets, end of year$348,305,035
Participants with balances4,903
Active participants1,877
Employer contributions$16,972,815
Employee contributions—
Employer contribution per active participant$9,043
Average account balance$71,039
Benefits paid to participants$17,872,071
Plan auditUnmodified (clean) audit opinion
AuditorL. M. HENDERSON & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$348.3M · 4,903 accts · $17.0M emplr
2023$320.0M · 4,625 accts · $15.8M emplr
2022$289.3M · 3,769 accts · $13.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,207
Investment management$3,627,933
Audit (IQPA)$35,059
Trustee / custodial$2,180
Total administrative$4,535,726
Employer contributions to the Isc Plasterers & Cement Masons Pension Fund plan · 2024
Employer contribution per active participant$9,043
Median for plans this size$4,294
2024$9,043 per active participant
2023$8,289 per active participant
2022$11,826 per active participant
Isc Plasterers & Cement Masons Pension Fund'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.
Source: U.S. Department of Labor, Form 5500 series, EIN 356244876 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.