Plan Ledger DOL Form 5500 · updated monthly

Trustees of Ibew Local 728 Annuity FundMoney purchase plan

I.B.E.W. LOCAL UNION NO. 728 ANNUITY FUND · PEMBROKE PINES, FL · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Trustees of Ibew Local 728 Annuity Fund reported $346,900 in plan administrative expenses for 2024: 0.38% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,467 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 0.34% to 0.38%. 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 339th-largest of 3,644 plans among Florida employers on file, and the 649th of 5,337 in construction.

Plan summary
Net assets, end of year$93,334,587
Participants with balances1,440
Active participants1,758
Employer contributions$4,337,602
Employee contributions—
Employer contribution per active participant$2,467
Average account balance$64,816
Benefits paid to participants$7,439,551
Plan auditUnmodified (clean) audit opinion
AuditorLEGACY PROFESSIONALS
Plan history3
Yearassets · accounts · employer contribution
2024$93.3M · 1,440 accts · $4.3M emplr
2023$87.9M · 1,441 accts · $3.8M emplr
2022$77.5M · 1,419 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$177,560
Investment management$67,031
Audit (IQPA)$13,500
Total administrative$346,900
Employer contributions to the Trustees of Ibew Local 728 Annuity Fund plan · 2024
Employer contribution per active participant$2,467
Median for plans this size$3,635
2024$2,467 per active participant
2023$2,155 per active participant
2022$1,933 per active participant

Trustees of Ibew Local 728 Annuity Fund's 2024 employer contribution ran below 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 · 20247
VANGUARD · Recordkeeping$86,656
LEGACY PROFESSIONALS LLP · Accounting / audit · Recordkeeping$19,209
NATIONAL EMPLOYEE BENEFITS ADMIN · Contract administrator$83,607
CAPTRUST · Investment advisory (plan)$67,031
SUGARMAN & SUSSKIND · Legal$36,224
IBEW LOCAL 728 UNION · Other services$16,878
PROFUND SOLUTIONS · Consulting$8,100

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

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

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

Administrative cost history3
2024$346,900 · 0.38%
2023$316,705 · 0.38%
2022$287,971 · 0.34%
Similar plansConstruction · Florida
Vecellio Group, Inc. FL$93.9M · 0.17%
Wharton-Smith, Inc. FL$82.2M · 0.33%
Power Design, Inc. FL$79.4M · 0.29%
Stellar Group, Incorporated FL$75.3M · 0.08%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 592794330 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.