Plan Ledger DOL Form 5500 · updated monthly

Trustees of I.A.T.S.E. Local 13 Retirement Plan & Trust401(k)

I.A.T.S.E. LOCAL 13 RETIREMENT PLAN & TRUST · MENDOTA HEIGHTS, MN · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Trustees of I.A.T.S.E. Local 13 Retirement Plan & Trust reported $256,388 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~90% of peers. Employer contributions averaged $885 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 0.64% to 1.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 751st-largest of 1,918 plans among Minnesota employers on file, and the 4,544th of 11,654 in professional & technical services. In 2024, the employer put in $1.66 for every $1.00 employees contributed themselves; active participation has grown from 1,254 to 1,387 since 2022.

Plan summary
Net assets, end of year$26,599,062
Participants with balances1,435
Active participants1,387
Employer contributions$1,227,546
Employee contributions$737,392
Employer contribution per active participant$885
Average account balance$18,536
Benefits paid to participants$2,869,336
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.6M · 1,435 accts · $1.2M emplr
2023$24.4M · 1,459 accts · $977K emplr
2022$23.1M · 1,269 accts · $937K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$182,342
Investment management$44,871
Audit (IQPA)$17,000
Trustee / custodial$50
Total administrative$256,388
The Trustees of I.A.T.S.E. Local 13 Retirement Plan & Trust 401(k) match · 2024
Employer contribution per active participant$885
Median for plans this size$2,416
2024$885 per active participant
2023$685 per active participant
2022$748 per active participant

Trustees of I.A.T.S.E. Local 13 Retirement Plan & Trust'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 · 20244
EMPOWER ANNUITY INS CO OF AMERICA · Recordkeeping$49,667
LEGACY PROFESSIONALS LLP · Accounting / audit · Recordkeeping$30,270
ZENITH AMERICAN SOLUTIONS · Contract administrator$124,479
UBS FINANCIAL SERVICES · Investment advisory (participants)$44,871

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

Recordkeeper by year2
2024Empower, LEGACY PROFESSIONALS LLP
2023Empower, LEGACY PROFESSIONALS LLP

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

Administrative cost history3
2024$256,388 · 1.01%
2023$259,178 · 1.09%
2022$166,530 · 0.64%
Similar plansProfessional & Technical Services · Minnesota
Nova Group, Gbc MN$27.4M · 0.20%
Phdata Inc MN$27.4M · 0.08%
Rba, Inc. MN$26.7M · 0.27%
Bailiwick Services, LLC MN$26.5M · 0.57%
Merjent Inc. MN$25.9M · 0.35%
Boyum & Barenscheer, Pllp MN$24.9M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411735205 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.