Plan Ledger DOL Form 5500 · updated monthly

Joint Board of Trustees, Ibew Local Union No 5 & Western PA Chapter Ne401(k)

WESTERN PENNSYLVANIA ELECTRICAL EMPLOYEES DEFERRED COMPENSATION PLAN · PITTSBURGH, PA · plan year 2025

Reported admin expense ratio · 2025
0.16%

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

Joint Board of Trustees, Ibew Local Union No 5 & Western PA Chapter Ne reported $866,458 in plan administrative expenses for 2025: 0.16% of average plan assets, higher than ~75% of peers. Employer contributions averaged $9,525 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 fell from 0.18% to 0.16%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other construction employers. By assets it is the 133rd-largest of 3,651 plans among Pennsylvania employers on file, and the 120th of 5,337 in construction.

Plan summary
Net assets, end of year$563,973,562
Participants with balances3,521
Active participants3,416
Employer contributions$32,536,743
Employee contributions—
Employer contribution per active participant$9,525
Average account balance$160,174
Benefits paid to participants$41,579,153
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$564.0M · 3,521 accts · $32.5M emplr
2024$496.0M · 3,963 accts · $29.8M emplr
2023$451.0M · 3,823 accts · $28.1M emplr
2022$400.5M · 3,229 accts · $26.7M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$213,092
Investment management$42,000
Audit (IQPA)$26,900
Trustee / custodial$520,492
Total administrative$866,458
The Joint Board of Trustees, Ibew Local Union No 5 & Western PA Chapter Ne 401(k) match · 2025
Employer contribution per active participant$9,525
Median for plans this size$4,295
2025$9,525 per active participant
2024$7,743 per active participant
2023$7,750 per active participant
2022$7,717 per active participant

Joint Board of Trustees, Ibew Local Union No 5 & Western PA Chapter Ne's 2025 employer contribution ran above the $4,295 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20256
JOHN HANCOCK RETIREMENT PLAN SERVIC · Recordkeeping$156,607
JOHN HANCOCK RETIREMENT PLAN SERVIC · Plan administrator · Investment management$363,885
CENTRAL DATA SERVICES · Contract administrator$210,182
MARINER INSTITUTIONAL LLC$42,000
CALIBRE CPA GROUP PLLC · Accounting / audit$29,810
MEYER, UNKOVIC, & SCOTT, LLP · Legal$12,674

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$866,458 · 0.16%
2024$838,465 · 0.18%
2023$817,583 · 0.19%
2022$804,917 · 0.18%
Similar plansConstruction · Pennsylvania
Toll Bros., Inc. PA$727.8M · 0.06%
Pjtc Holdings, Inc. PA$320.2M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251368983 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.