Plan Ledger DOL Form 5500 · updated monthly

Joint Board of Trustees of Ibew Local 596 Pension FundDC plan

IBEW LOCAL 596 PENSION FUND · ONA, WV · plan year 2025

Reported admin expense ratio · 2025
0.14%

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

Joint Board of Trustees of Ibew Local 596 Pension Fund reported $134,199 in plan administrative expenses for 2025: 0.14% of average plan assets, above the peer median. Employer contributions averaged $6,567 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 0.17% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other construction employers. By assets it is the 24th-largest of 265 plans among West Virginia employers on file, and the 609th of 5,337 in construction. active participation has grown from 506 to 573 since 2022.

Plan summary
Net assets, end of year$101,152,164
Participants with balances401
Active participants573
Employer contributions$3,762,751
Employee contributions—
Employer contribution per active participant$6,567
Average account balance$252,250
Benefits paid to participants$3,726,284
Plan auditUnmodified (clean) audit opinion
AuditorGRAY, GRIFFITH & MAYS
Plan history4
Yearassets · accounts · employer contribution
2025$101.2M · 401 accts · $3.8M emplr
2024$86.1M · 365 accts · $3.5M emplr
2023$77.9M · 374 accts · $2.9M emplr
2022$67.9M · 376 accts · $2.9M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$51,282
Investment management$26,000
Audit (IQPA)$16,701
Total administrative$134,199
Employer contributions to the Joint Board of Trustees of Ibew Local 596 Pension Fund plan · 2025
Employer contribution per active participant$6,567
Median for plans this size$4,093
2025$6,567 per active participant
2024$6,532 per active participant
2023$5,636 per active participant
2022$5,693 per active participant

Joint Board of Trustees of Ibew Local 596 Pension Fund's 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
AMERICAN BENEFIT CORPORATION · Contract administrator$31,177
STANDARD VALUATIONS · Investment advisory (plan)$26,000
GRAY, GRIFFITH & MAYS, A.C. · Accounting / audit$14,155
JOHN F. DASCOLI PLLC · Legal$13,151

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$134,199 · 0.14%
2024$121,685 · 0.15%
2023$115,206 · 0.16%
2022$125,493 · 0.17%
Similar plansConstruction · West Virginia
West Virginia Laborers WV$155.1M · 0.70%
The Mountain Company WV$52.9M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550675342 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.