Plan Ledger DOL Form 5500 · updated monthly

The Board of Trustees Usw Industry 401(K) Fund401(k)

USW INDUSTRY 401K PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

The Board of Trustees Usw Industry 401(K) Fund reported $961,165 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,028 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 0.14% to 0.25%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 58th-largest of 1,496 plans among Tennessee employers on file, and the 680th of 13,661 in manufacturing. In 2024, employees put in $1.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$395,907,218
Participants with balances9,126
Active participants8,869
Employer contributions$9,113,413
Employee contributions$12,410,272
Employer contribution per active participant$1,028
Average account balance$43,382
Benefits paid to participants$47,612,834
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$395.9M · 9,126 accts · $9.1M emplr
2023$374.2M · 8,760 accts · $9.2M emplr
2022$340.0M · 7,692 accts · $8.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$652,101
Investment management$35,000
Audit (IQPA)$119,524
Trustee / custodial$7,418
Total administrative$961,165
The The Board of Trustees Usw Industry 401(K) Fund 401(k) match · 2024
Employer contribution per active participant$1,028
Median for plans this size$4,294
2024$1,028 per active participant
2023$1,057 per active participant
2022$990 per active participant

The Board of Trustees Usw Industry 401(K) Fund's 2024 employer contribution ran below the $4,294 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 · 20248
PACE INDUSTRY UNION-MGT. PENSION FU · Accounting / audit · Claims processing$866,750
LEGACY PROFESSIONALS LLP · Accounting / audit$85,684
BREDHOFF & KAISER, PLLC · Legal$63,000
USW INDUSTRY 401(K) PLAN$32,250
CHERRY BEKAERT, LLP · Accounting / audit$27,195
MORGAN STANLEY · Investment advisory (plan)$26,250
SEGAL SELECT INSURANCE SERVICES, IN · Insurance brokerindirect 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
2024PACE INDUSTRY UNION-MGT. PENSION FU
2023PACE INDUSTRY UNION-MGT. PENSION FU

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

Administrative cost history3
2024$961,165 · 0.25%
2023$1,385,768 · 0.39%
2022$517,404 · 0.14%
Similar plansManufacturing · Tennessee
Akzo Nobel Inc. TN$818.9M · 0.13%
Sylvamo North America, LLC TN$415.0M · 0.12%
Astec Industries, Inc. TN$350.1M · 0.21%
Resolute Fp US Inc. TN$332.1M · 0.08%
West Fraser, Inc. TN$322.2M · 0.10%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 621564649 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.