Jt Bd of Trustees of Southeastern Carps & Millwrights Pension PlanDC plan
SOUTHEASTERN CARPENTERS AND MILLWRIGHTS PENSION PLAN · GOODLETTSVILLE, TN · plan year 2023
Reported admin expense ratio · 2023
0.33%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Jt Bd of Trustees of Southeastern Carps & Millwrights Pension Plan reported $1,656,965 in plan administrative expenses for 2023: 0.33% of average plan assets, higher than ~90% of peers. Employer contributions averaged $10,355 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 has held roughly steady near 0.33%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other construction employers. By assets it is the 44th-largest of 1,496 plans among Tennessee employers on file, and the 131st of 5,337 in construction.
Plan summary
Net assets, end of year$534,123,496
Participants with balances9,415
Active participants2,695
Employer contributions$27,907,865
Employee contributions—
Employer contribution per active participant$10,355
Average account balance$56,731
Benefits paid to participants$29,860,991
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $13.9M emplr
2023$534.1M · 9,415 accts · $27.9M emplr
2022$466.9M · 9,385 accts · $28.8M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$147,600
Investment management$1,329,235
Audit (IQPA)$31,925
Trustee / custodial$1,224
Total administrative$1,656,965
Employer contributions to the Jt Bd of Trustees of Southeastern Carps & Millwrights Pension Plan plan · 2023
Employer contribution per active participant$10,355
Median for plans this size$4,362
2023$10,355 per active participant
2022$10,005 per active participant
Jt Bd of Trustees of Southeastern Carps & Millwrights Pension Plan's 2023 employer contribution ran above the $4,362 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 2023 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 586080306 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.