Plan Ledger DOL Form 5500 · updated monthly

Operative Plasterers Local No. 7 Pension Fund Board of TrusteesProfit-sharing plan

OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND · CANFIELD, OH · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Operative Plasterers Local No. 7 Pension Fund Board of Trustees reported $236,141 in plan administrative expenses for 2024: 0.41% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,075 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 0.45% to 0.41%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 579th-largest of 3,295 plans among Ohio employers on file, and the 1,483rd of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$59,001,811
Participants with balances1,173
Active participants369
Employer contributions$2,241,643
Employee contributions—
Employer contribution per active participant$6,075
Average account balance$50,300
Benefits paid to participants$4,129,051
Plan auditUnmodified (clean) audit opinion
AuditorYURCHYK & DAVIS CPA'S, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$59.0M · 1,173 accts · $2.2M emplr
2023$55.2M · 1,178 accts · $2.3M emplr
2022$49.0M · 1,131 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,422
Audit (IQPA)$10,900
Trustee / custodial$155,963
Total administrative$236,141
Employer contributions to the Operative Plasterers Local No. 7 Pension Fund Board of Trustees plan · 2024
Employer contribution per active participant$6,075
Median for plans this size$3,635
2024$6,075 per active participant
2023$6,175 per active participant
2022$5,202 per active participant

Operative Plasterers Local No. 7 Pension Fund Board of Trustees's 2024 employer contribution ran above 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.

Service providers · 20245
TRUST COMPANY OF TOLEDO · Investment management · Custodial (securities)$155,963
BENESYS, INC · Recordkeeping · Contract administrator$12,378
ALLOTTA & FARLEY CO. · Legal$26,884
YURCHYK & DAVIS CPA'S, INC · Accounting / audit$10,900
INTERNATIONAL FOUNDATION OF EBP'S$5,465

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

Recordkeeper by year2
2024BENESYS, INC, TRUST COMPANY OF TOLEDO
2023BENESYS, INC, TRUST COMPANY OF TOLEDO

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

Administrative cost history3
2024$236,141 · 0.41%
2023$211,051 · 0.40%
2022$214,133 · 0.45%
Similar plansFinance & Insurance · Ohio
Civista Bancshares, Inc. OH$65.3M · 0.16%
Fund Evaluation Group, LLC OH$57.1M · 0.00%
Caret Holdings, Inc. OH$56.9M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341427588 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.