Plan Ledger DOL Form 5500 · updated monthly

Jt Brd of Trustees of Local Union 317 Electrical Pension PlanDC plan

LOCAL UNION 317 ELECTRICAL PENSION PLAN · ONA, WV · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Jt Brd of Trustees of Local Union 317 Electrical Pension Plan reported $197,443 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $11,689 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 0.15% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 10th-largest of 265 plans among West Virginia employers on file, and the 377th of 5,337 in construction. active participation has grown from 744 to 841 since 2022.

Plan summary
Net assets, end of year$178,831,690
Participants with balances873
Active participants841
Employer contributions$9,830,749
Employee contributions—
Employer contribution per active participant$11,689
Average account balance$204,847
Benefits paid to participants$10,521,696
Plan auditUnmodified (clean) audit opinion
AuditorGRAY, GRIFFITH & MAYS, A.C.
Plan history3
Yearassets · accounts · employer contribution
2024$178.8M · 873 accts · $9.8M emplr
2023$159.9M · 853 accts · $8.8M emplr
2022$139.9M · 834 accts · $8.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,022
Investment management$27,400
Audit (IQPA)$16,756
Total administrative$197,443
Employer contributions to the Jt Brd of Trustees of Local Union 317 Electrical Pension Plan plan · 2024
Employer contribution per active participant$11,689
Median for plans this size$3,635
2024$11,689 per active participant
2023$11,486 per active participant
2022$11,947 per active participant

Jt Brd of Trustees of Local Union 317 Electrical Pension Plan's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
AMERICAN BENEFIT CORPORATION · Contract administrator$57,911
LEDBETTER PARTNERS LLC · Legal$28,331
STANDARD VALUATIONS · Investment advisory (plan)$27,400
GRAY, GRIFFITH & MAYS, A.C. · Accounting / audit$10,400
HARRIS, HARDIN & COMPANY, A.C. · Accounting / audit$6,356

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

Administrative cost history3
2024$197,443 · 0.12%
2023$207,283 · 0.14%
2022$221,778 · 0.15%
Similar plansConstruction · West Virginia
Helix Electric, Inc. CA$179.2M · 0.24%
Gray, Inc. KY$177.4M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 516110771 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.