Plan Ledger DOL Form 5500 · updated monthly

Lake County Plasterers & Cement Masons RDC plan

LAKE COUNTY PLASTERERS & CEMENT MASONS RETIREMENT · SCHAUMBURG, IL · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Lake County Plasterers & Cement Masons R reported $229,512 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $8,963 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 0.24% to 0.17%. 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 447th-largest of 3,702 plans among Illinois employers on file, and the 478th of 5,337 in construction. active participation has grown from 995 to 1,148 since 2022.

Plan summary
Net assets, end of year$136,558,744
Participants with balances1,148
Active participants1,148
Employer contributions$10,289,530
Employee contributions—
Employer contribution per active participant$8,963
Average account balance$118,954
Benefits paid to participants$15,196,992
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$136.6M · 1,148 accts · $10.3M emplr
2023$128.8M · 1,082 accts · $11.2M emplr
2022$112.0M · 995 accts · $11.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$148,163
Investment management$10,000
Audit (IQPA)$15,000
Trustee / custodial$1,986
Total administrative$229,512
Employer contributions to the Lake County Plasterers & Cement Masons R plan · 2024
Employer contribution per active participant$8,963
Median for plans this size$3,635
2024$8,963 per active participant
2023$10,363 per active participant
2022$11,653 per active participant

Lake County Plasterers & Cement Masons R'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 · 20246
JOHN HANCOCK RETIREMENT PLAN SERVIC · Investment advisory (plan) · Recordkeeping$77,901
GROUP ADMINISTRATORS, LTD. · Contract administrator$43,250
CALIBRE CPA GROUP, PLLC · Accounting / audit$42,012
AON HEWITT · Actuarial$20,366
BAUM SIGMAN AUERBACH & NEUMAN · Legal$17,478
MARQUETTE ASSOCIATES, INC. · Consulting$10,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$229,512 · 0.17%
2023$233,415 · 0.19%
2022$268,317 · 0.24%
Similar plansConstruction · Illinois
The Pepper Companies, Inc. IL$164.6M · 0.18%
Heritage-Crystal Clean, LLC IL$121.8M · 0.20%
Anson Industries Inc. IL$118.3M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363671021 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.