The Board of Trustees of the Food & Beverage Workers Union 23 & Emp. PProfit-sharing plan
FOOD & BEVERAGE WORKERS UNION LOCAL 23 & EMPLOYERS PENSION PLAN · PHOENIX, AZ · plan year 2024
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
The Board of Trustees of the Food & Beverage Workers Union 23 & Emp. P reported $338,135 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,474 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 rose from 0.56% to 0.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 194th-largest of 1,285 plans among Arizona employers on file, and the 141st of 2,240 in accommodation & food services. active participation has grown from 1,680 to 3,333 since 2022.
The Board of Trustees of the Food & Beverage Workers Union 23 & Emp. P's 2024 employer contribution ran below the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 521806724 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.