Plan Ledger DOL Form 5500 · updated monthly

The Board of Trustees of the Indiana Teamsters Defined Contribution PlProfit-sharing plan

INDIANA TEAMSTERS DEFINED CONTRIBUTION PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
2.86%

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

The Board of Trustees of the Indiana Teamsters Defined Contribution Pl reported $97,589 in plan administrative expenses for 2024: 2.86% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,137 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 6.15% to 2.86%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Indiana (1,215th of 1,562), and 2,402nd of 3,341 in other services. active participation has grown from 1,444 to 1,730 since 2022.

Plan summary
Net assets, end of year$4,409,092
Participants with balances1,956
Active participants1,730
Employer contributions$1,967,151
Employee contributions$0
Employer contribution per active participant$1,137
Average account balance$2,254
Benefits paid to participants$81,293
Plan auditUnmodified (clean) audit opinion
AuditorR J PILE & COMPANY, LLC DBA PILE CP
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 1,956 accts · $2.0M emplr
2023$2.4M · 1,643 accts · $1.6M emplr
2022$880K · $915K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,835
Investment management$18,481
Audit (IQPA)$15,500
Total administrative$97,589
Employer contributions to the The Board of Trustees of the Indiana Teamsters Defined Contribution Pl plan · 2024
Employer contribution per active participant$1,137
Median for plans this size$1,313
2024$1,137 per active participant
2023$991 per active participant
2022$634 per active participant

The Board of Trustees of the Indiana Teamsters Defined Contribution Pl's 2024 employer contribution ran below the $1,313 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 · 20243
HUNTER BENEFITS · Legal$16,835
PILE CPA'S · Legal$15,500
LEDBETTER PARISI LLC · Legal$9,337

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$97,589 · 2.86%
2023$157,645 · 9.54%
2022$54,169 · 6.15%
Similar plansOther Services · Indiana
Id Castings, LLC IN$5.2M · 1.47%
Adec, Inc. IN$4.8M · 0.96%
New Hope Services, Inc. IN$3.5M · 1.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 882227956 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.