Plan Ledger DOL Form 5500 · updated monthly

Trustees of Electrical Workers Local No. 294 401(K) Plan401(k)

ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN · DULUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.33%

Trustees of Electrical Workers Local No. 294 401(K) Plan reported $34,236 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Minnesota (1,229th of 1,918), and 2,916th of 5,337 in construction.

Plan summary
Net assets, end of year$11,323,238
Participants with balances223
Active participants158
Employer contributions—
Employee contributions$542,444
Employer contribution per active participant—
Average account balance$50,777
Benefits paid to participants$242,646
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,804
Investment management$3,008
Audit (IQPA)$6,000
Trustee / custodial$4,982
Total administrative$34,236
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
MILLIMAN, INC. · Recordkeeping$10,204
WILSON-MCSHANE CORPORATION · Contract administrator$6,600
LEGACY PROFESSIONALS LLP · Accounting / audit$6,000

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

Recordkeeper by year2
2024Milliman
2023Milliman

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Administrative cost history1
2024$34,236 · 0.33%
All plans at this employer2
ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN401(k)
ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN401(k)
Similar plansConstruction · Minnesota
Schwieters Companies, Inc. MN$11.6M · 0.50%
Highmark Companies, Inc. MN$11.4M · 0.05%
Knobelsdorff Electric, Inc. MN$10.8M · 0.66%
Aquarius Water Conditioning MN$10.6M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411972759 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.