Plan Ledger DOL Form 5500 · updated monthly

Trustees of Ibew Local 1919 AnnuityProfit-sharing plan

INTL. BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 1919 ANNUITY FUND · MT LAUREL, NJ · plan year 2024

Reported admin expense ratio · 2024
1.32%

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

Trustees of Ibew Local 1919 Annuity reported $216,865 in plan administrative expenses for 2024: 1.32% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,594 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 fell from 1.45% to 1.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other utilities employers. By assets it is the 1,127th-largest of 2,419 plans among New Jersey employers on file, and 274th of 412 in utilities. active participation has grown from 739 to 899 since 2022.

Plan summary
Net assets, end of year$17,873,694
Participants with balances2,026
Active participants899
Employer contributions$2,331,684
Employee contributions—
Employer contribution per active participant$2,594
Average account balance$8,822
Benefits paid to participants$1,174,416
Plan auditUnmodified (clean) audit opinion
AuditorMCELHANEY & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 2,026 accts · $2.3M emplr
2023$15.0M · 1,798 accts · $1.7M emplr
2022$13.3M · 1,708 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,625
Investment management$63,099
Audit (IQPA)$20,000
Trustee / custodial$774
Total administrative$216,865
Employer contributions to the Trustees of Ibew Local 1919 Annuity plan · 2024
Employer contribution per active participant$2,594
Median for plans this size$2,416
2024$2,594 per active participant
2023$2,082 per active participant
2022$2,338 per active participant

Trustees of Ibew Local 1919 Annuity's 2024 employer contribution ran above the $2,416 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
RETIREMENT PLANNERS ADMINISTRATORS · Recordkeeping$30,099
BEACON ADMINISTRATORS & CONSULTANTS · Contract administrator$79,625
STANDARD VALUATIONS, INC. · Pension consulting$23,075
MCELHANEY & ASSOCIATES, LLC · Accounting / audit$20,000
UNITED BANK INC. · Participant communication$19,410
STEPHEN J. O'BRIEN · Legal$13,024

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

Recordkeeper by year2
2024RETIREMENT PLANNERS ADMINISTRATORS
2023RETIREMENT PLANNERS ADMINISTRATORS

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

Administrative cost history3
2024$216,865 · 1.32%
2023$239,633 · 1.69%
2022$211,644 · 1.45%
Similar plansUtilities · New Jersey
Joseph Jingoli & Son, Inc. NJ$65.7M · 0.36%
Trinity Solar, LLC NJ$60.0M · 0.22%
Local Union 94 I.B.E.W. NJ$24.1M · 0.96%
Spiniello Companies NJ$9.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 236580339 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.