Mid-South Regional Council Local 318 Money Purchase Pension TrustMoney purchase plan
MID-SOUTH REGIONAL COUNCIL LOCAL 318 MONEY · GOODLETTSVILLE, TN · plan year 2023
Reported admin expense ratio · 2023
0.74%
Peer grade: C+· admin costs + employer contributions vs same-size plans · how grading works
Mid-South Regional Council Local 318 Money Purchase Pension Trust reported $332,968 in plan administrative expenses for 2023: 0.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,636 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 0.74%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 293rd-largest of 1,496 plans among Tennessee employers on file, and the 1,072nd of 5,337 in construction. active participation has grown from 554 to 612 since 2022.
Plan summary
Net assets, end of year$48,188,521
Participants with balances2,424
Active participants612
Employer contributions$2,225,229
Employee contributions—
Employer contribution per active participant$3,636
Average account balance$19,880
Benefits paid to participants$1,963,004
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $91K emplr
2023$48.2M · 2,424 accts · $2.2M emplr
2022$41.5M · 2,341 accts · $2.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$55,800
Investment management$201,334
Audit (IQPA)$20,600
Trustee / custodial$4,909
Total administrative$332,968
Employer contributions to the Mid-South Regional Council Local 318 Money Purchase Pension Trust plan · 2023
Employer contribution per active participant$3,636
Median for plans this size$2,440
2023$3,636 per active participant
2022$4,283 per active participant
Mid-South Regional Council Local 318 Money Purchase Pension Trust's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Service providers · 202311
HIGHLAND CAPITAL MANAGEMENT · Investment management$114,851
SOUTHERN BENEFIT ADMINISTRATORS INC · Plan administrator$60,447
Source: U.S. Department of Labor, Form 5500 series, EIN 630875713 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.