Trustees of Ibew Local 531 & Neca Money Purchase Pension PlanMoney purchase plan
IBEW LOCAL 531 & NECA MONEY PURCHASE PENSION PLAN · LAPORTE, IN · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Trustees of Ibew Local 531 & Neca Money Purchase Pension Plan reported $292,282 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $9,621 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 0.23%. 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 110th-largest of 1,562 plans among Indiana employers on file, and the 477th of 5,337 in construction. active participation has grown from 540 to 805 since 2022.
Trustees of Ibew Local 531 & Neca Money Purchase Pension Plan's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 356068417 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.