Plan Ledger DOL Form 5500 · updated monthly

Joint Trust Committee of the McA401(k)

PLUMBERS LOCAL 68 PENSION PLAN OF DEFINED CONTRIBUTION BENEFITS · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
2.43%

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

Joint Trust Committee of the McA reported $1,506,052 in plan administrative expenses for 2024: 2.43% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,291 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 3.00% to 2.43%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 902nd-largest of 5,688 plans among Texas employers on file, and the 1,394th of 4,798 in finance & insurance. In 2024, the employer put in $15.89 for every $1.00 employees contributed themselves; active participation has shrunk from 2,846 to 1,729 since 2022.

Plan summary
Net assets, end of year$63,651,924
Participants with balances3,031
Active participants1,729
Employer contributions$2,231,677
Employee contributions$140,436
Employer contribution per active participant$1,291
Average account balance$21,000
Benefits paid to participants$2,828,526
Plan auditUnmodified (clean) audit opinion
AuditorHARPER & PEARSON COMPANY PC
Plan history3
Yearassets · accounts · employer contribution
2024$63.7M · 3,031 accts · $2.2M emplr
2023$60.1M · 2,825 accts · $1.9M emplr
2022$56.4M · 2,846 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$741,338
Investment management$317,110
Audit (IQPA)$70,000
Total administrative$1,506,052
The Joint Trust Committee of the McA 401(k) match · 2024
Employer contribution per active participant$1,291
Median for plans this size$3,635
2024$1,291 per active participant
2023$1,163 per active participant
2022$632 per active participant

Joint Trust Committee of the McA'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 · 202411
ISSI · Recordkeeping$104,698
MORGAN STANLEY · Investment advisory (plan)$317,110
DAVID BOWMAN$125,997
DENICE MEIDINGER$71,642
HARPER & PEARSON COMPANY PC · Accounting / audit$70,000
WENDY CLEMENTS$69,351
TINIA SIMMONS$69,339
SAMANTHA ADKINSON$64,929
HAPJAC · Other services$36,000
PATRICK FLYNN · Legal$31,472
DENA WALTERS$20,775

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

Recordkeeper by year2
2024ISSI
2023ISSI

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Administrative cost history3
2024$1,506,052 · 2.43%
2023$1,646,772 · 2.83%
2022$1,645,823 · 3.00%
Same employer
Similar plansFinance & Insurance · Texas
Elevate Credit Service, LLC TX$65.6M · 0.02%
Trafigura Trading LLC TX$65.2M · 0.12%
American Bank TX$62.7M · 0.26%
Jasper Ridge Partners, L.P. TX$62.5M · 0.04%
Guaranty Bancshares, Inc. TX$61.5M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 901259351 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.