Plan Ledger DOL Form 5500 · updated monthly

Trustees of National Production Workers Union Severance Trust Fund401(k)

NATIONAL PRODUCTION WORKERS UNION 401K RETIREMENT · DOWNERS GROVE, IL · plan year 2024

Reported admin expense ratio · 2024
1.00%

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

Trustees of National Production Workers Union Severance Trust Fund reported $241,604 in plan administrative expenses for 2024: 1.00% of average plan assets, higher than ~90% of peers. Employer contributions averaged $690 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 2.29% to 1.00%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,486th-largest of 3,702 plans among Illinois employers on file, and 2,705th of 4,798 in finance & insurance. In 2024, the employer put in $5.50 for every $1.00 employees contributed themselves; active participation has grown from 562 to 720 since 2022.

Plan summary
Net assets, end of year$24,976,158
Participants with balances917
Active participants720
Employer contributions$496,709
Employee contributions$90,331
Employer contribution per active participant$690
Average account balance$27,237
Benefits paid to participants$1,121,535
Plan auditUnmodified (clean) audit opinion
AuditorFGMK, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$25.0M · 917 accts · $497K emplr
2023$23.2M · 732 accts · $416K emplr
2022$19.3M · 701 accts · $288K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$115,332
Investment management$7,027
Audit (IQPA)$59,228
Total administrative$241,604
The Trustees of National Production Workers Union Severance Trust Fund 401(k) match · 2024
Employer contribution per active participant$690
Median for plans this size$2,416
2024$690 per active participant
2023$766 per active participant
2022$512 per active participant

Trustees of National Production Workers Union Severance Trust Fund's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20246
ONEAMERICA RETIREMENT SERVICES LLC · Recordkeeping · Participant communication$115,332
THOMAS J. PARAVOLA · Investment management$49,625
FGMK, LLC · Accounting / audit$34,228
JEFFREY W. KROL & ASSOCIATES · Investment management$25,000
ONEAMERICA INV ADV SERVICES, LLC · Investment management$7,027
MATRIX TRUST COMPANY · Custodial (securities) · Trusteeindirect comp

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$241,604 · 1.00%
2023$301,845 · 1.42%
2022$241,834 · 2.29%
All plans at this employer2
NATIONAL PRODUCTION WORKERS UNION 401K RETIREMENT401(k)
NATIONAL PRODUCTION WORKERS UNION SEVERANCE TRUST FUNDMoney purchase plan
Similar plansFinance & Insurance · Illinois
Associated Agencies, Inc. IL$26.2M · 0.02%
Payroc Worldaccess, LLC IL$25.1M · 0.25%
Providence Bank & Trust IL$25.1M · 0.20%
Resource Bank, N.A. IL$23.9M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362872107 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.