Plan Ledger DOL Form 5500 · updated monthly

Trustees of Electricians Local Union No. 606 Pension-Annuity FundMoney purchase plan

ELECTRICIANS LOCAL UNION NO. 606 PENSION-ANNUITY FUND · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Trustees of Electricians Local Union No. 606 Pension-Annuity Fund reported $259,125 in plan administrative expenses for 2024: 0.31% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,074 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 3 years on file its reported administrative ratio has held roughly steady near 0.31%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 179th-largest of 1,496 plans among Tennessee employers on file, and the 669th of 5,337 in construction.

Plan summary
Net assets, end of year$90,789,792
Participants with balances1,850
Active participants1,850
Employer contributions$7,537,523
Employee contributions—
Employer contribution per active participant$4,074
Average account balance$49,076
Benefits paid to participants$3,193,442
Plan auditUnmodified (clean) audit opinion
AuditorLAPADULA CARLSON & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$90.8M · 1,850 accts · $7.5M emplr
2023$77.2M · 1,868 accts · $6.3M emplr
2022$67.0M · $5.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,445
Investment management$60,261
Audit (IQPA)$37,958
Trustee / custodial$35,000
Total administrative$259,125
Employer contributions to the Trustees of Electricians Local Union No. 606 Pension-Annuity Fund plan · 2024
Employer contribution per active participant$4,074
Median for plans this size$3,635
2024$4,074 per active participant
2023$3,061 per active participant

Trustees of Electricians Local Union No. 606 Pension-Annuity Fund's 2024 employer contribution ran above the $3,635 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 · 20246
SOUTHERN BENEFIT ADMINISTRATORS · Contract administrator · Consulting$54,302
STANDARD VALUATION INC · Investment advisory (plan)$35,000
LAPADULA CARLSON & CO · Accounting / audit$34,821
ABS CAPITAL PARTNERS INC. · Investment management$21,437
VENABLE LAW FIRM PA · Legal$12,507
BOYD WATTERSON ASSET MANAGEMENT, LL · Investment management$8,295

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$259,125 · 0.31%
2023$235,697 · 0.33%
2022$213,732 · 0.30%
Similar plansConstruction · Tennessee
Barnhart Crane & Rigging Co. TN$162.0M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591917970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.