Plan Ledger DOL Form 5500 · updated monthly

Painters District Council No. 21Money purchase plan

IUPAT DISTRICT COUNCIL NO. 21 OF NORTHEASTERN PA ANNUITY PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
1.52%

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

Painters District Council No. 21 reported $151,674 in plan administrative expenses for 2024: 1.52% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,404 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 1.83% to 1.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Pennsylvania (2,260th of 3,651), and 3,053rd of 5,337 in construction. active participation has shrunk from 333 to 294 since 2022.

Plan summary
Net assets, end of year$10,316,469
Participants with balances351
Active participants294
Employer contributions$706,716
Employee contributions—
Employer contribution per active participant$2,404
Average account balance$29,392
Benefits paid to participants$823,539
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 351 accts · $707K emplr
2023$9.6M · 359 accts · $693K emplr
2022$8.5M · 373 accts · $806K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,086
Investment management$54,492
Audit (IQPA)$19,000
Trustee / custodial$20,093
Total administrative$151,674
Employer contributions to the Painters District Council No. 21 plan · 2024
Employer contribution per active participant$2,404
Median for plans this size$1,313
2024$2,404 per active participant
2023$2,256 per active participant
2022$2,421 per active participant

Painters District Council No. 21's 2024 employer contribution ran above the $1,313 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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$54,492
IUPAT DISTRICT COUNCIL 21 WELFARE · Recordkeeping$34,086
PROCAPITA PARTNERS LLC · Investment advisory (plan)$20,093
NOVAK FRANCELLA LLC · Accounting / audit$19,000
KOFF, MANGAN, VULLO & GARTLEY · Legal$17,500

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

Recordkeeper by year2
2024IUPAT DISTRICT COUNCIL 21 WELFARE, Transamerica
2023IUPAT DISTRICT COUNCIL 21 WELFARE, Transamerica

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

Administrative cost history3
2024$151,674 · 1.52%
2023$175,509 · 1.93%
2022$155,795 · 1.83%
Similar plansConstruction · Pennsylvania
Hannabery Electric, Inc. PA$11.3M · 0.35%
Youngblood Paving, Inc. PA$10.5M · 0.49%
Bazella Works PA$9.7M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232481824 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.