Plan Ledger DOL Form 5500 · updated monthly

Sprinkler Industry Supplemental Pension Fund Joint Board of TrusteesProfit-sharing plan

SPRINKLER INDUSTRY SUPPLEMENTAL PENSION FUND · LANDOVER, MD · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Sprinkler Industry Supplemental Pension Fund Joint Board of Trustees reported $7,321,782 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,330 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 3 years on file its reported administrative ratio has held roughly steady near 0.26%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other construction employers. By assets it is the 9th-largest of 1,671 plans among Maryland employers on file, and the 10th of 5,337 in construction. active participation has grown from 25,150 to 28,099 since 2022.

Plan summary
Net assets, end of year$2,940,325,208
Participants with balances29,607
Active participants28,099
Employer contributions$205,959,916
Employee contributions—
Employer contribution per active participant$7,330
Average account balance$99,312
Benefits paid to participants$133,329,956
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.9B · 29,607 accts · $206.0M emplr
2023$2.6B · 27,884 accts · $192.4M emplr
2022$2.3B · 26,562 accts · $173.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,123,207
Investment management$4,403,236
Audit (IQPA)$83,913
Total administrative$7,321,782
Employer contributions to the Sprinkler Industry Supplemental Pension Fund Joint Board of Trustees plan · 2024
Employer contribution per active participant$7,330
Median for plans this size$5,259
2024$7,330 per active participant
2023$7,277 per active participant
2022$6,903 per active participant

Sprinkler Industry Supplemental Pension Fund Joint Board of Trustees's 2024 employer contribution ran above the $5,259 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 · 202412
JP MORGAN INVESTMENT MANAGEMENT INC · Investment management · Investment advisory (plan)$1,151,598
WESTERN ASSET · Investment management$1,081,593
COMERICA BANK · Custodial (securities)$906,766
ULLICO INVESTMENT ADVISORS INC. · Investment management$729,221
INVESCO ADVISORS, INC · Investment management$689,565
PIMCO$223,239
INVESTMENT PERFORMANCE SERVICES · Investment advisory (plan)$178,750
GLOBAL RETIREMENT PARTNERS · Other services$164,578
CALIBRE CPA GROUP, PLLC · Accounting / audit$152,183
O'DONOGHUE & O'DONOGHUE · Legal$150,907
JOHN EGER$140,983

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$7,321,782 · 0.26%
2023$6,463,632 · 0.26%
2022$6,321,972 · 0.27%
Similar plansConstruction · Maryland
Fluor Corporation TX$3.5B · 0.07%
Peter Kiewit Sons, Inc. NE$2.8B · 0.06%
The Turner Corporation NY$2.8B · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141595069 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.