Jt Board of Trustees, Shopmen's Iron Workers Retirement FundMoney purchase plan
SHOPMEN'S IRON WORKERS RETIREMENT FUND OF SOUTHERN CALIFORNIA · PASADENA, CA · plan year 2024
Reported admin expense ratio · 2024
0.42%
Peer grade: C· admin costs + employer contributions vs same-size plans · how grading works
Jt Board of Trustees, Shopmen's Iron Workers Retirement Fund reported $366,418 in plan administrative expenses for 2024: 0.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,774 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 rose from 0.39% to 0.42%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,105th-largest of 9,483 plans among California employers on file, and the 472nd of 4,246 in wholesale trade.
Plan summary
Net assets, end of year$89,265,709
Participants with balances3,385
Active participants294
Employer contributions$815,657
Employee contributions—
Employer contribution per active participant$2,774
Average account balance$26,371
Benefits paid to participants$5,603,474
Plan auditUnmodified (clean) audit opinion
AuditorMC MENOMY & ASSOCIATES CPAS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$89.3M · 3,385 accts · $816K emplr
2023$85.9M · 3,426 accts · $869K emplr
2022$80.4M · 3,480 accts · $879K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,150
Investment management$166,594
Audit (IQPA)$20,600
Trustee / custodial$11,862
Total administrative$366,418
Employer contributions to the Jt Board of Trustees, Shopmen's Iron Workers Retirement Fund plan · 2024
Employer contribution per active participant$2,774
Median for plans this size$3,635
2024$2,774 per active participant
2023$2,743 per active participant
2022$2,720 per active participant
Jt Board of Trustees, Shopmen's Iron Workers Retirement Fund's 2024 employer contribution ran below the $3,635 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 2024 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 956042233 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.