Peer grade: D· admin costs + employer contributions vs same-size plans · how grading works
Itpeu Pension Fund reported $2,121,373 in plan administrative expenses for 2024: 1.27% of average plan assets, higher than ~90% of peers. Employer contributions averaged $954 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 1.39% to 1.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 249th-largest of 2,419 plans among New Jersey employers on file, and the 100th of 3,341 in other services.
Employer contributions to the Itpeu Pension Fund plan · 2024
Employer contribution per active participant$954
Median for plans this size$3,635
2024$954 per active participant
2023$919 per active participant
2022$820 per active participant
Itpeu Pension Fund's 2024 employer contribution ran below the $3,635 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
M.S. ADMINISTRATORS · Contract administrator$1,199,741
INVESCO · Investment management$167,911
JP MORGAN CHASE BANK · Investment management$117,973
Source: U.S. Department of Labor, Form 5500 series, EIN 112506736 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.