Trustees of Electrical Workers Local No. 294 Supp Unemploy Ben FundTarget benefit plan
ELECTRICAL WORKERS LOCAL NO. 294 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND · DULUTH, MN · plan year 2024
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Trustees of Electrical Workers Local No. 294 Supp Unemploy Ben Fund reported $5,107 in plan administrative expenses for 2024: 1.51% of average plan assets, above the peer median. Employer contributions averaged $76 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 1.18% to 1.51%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Minnesota (1,893rd of 1,918), and 5,253rd of 5,337 in construction.
Trustees of Electrical Workers Local No. 294 Supp Unemploy Ben Fund's 2024 employer contribution ran below the $540 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 743081515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.