Plan Ledger DOL Form 5500 · updated monthly

Trustees of Ibew Local 9 Ibew and Outside Contractors Dc Pension FundDC plan

LOCAL UNION NO. 9 IBEW AND OUTSIDE CONTRACTORS DEFINED CONTRIBUTION PENSION FUND · TINLEY PARK, IL · plan year 2023

Reported admin expense ratio · 2023
0.10%

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

Trustees of Ibew Local 9 Ibew and Outside Contractors Dc Pension Fund reported $410,955 in plan administrative expenses for 2023: 0.10% of average plan assets, above the peer median. Employer contributions averaged $9,440 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 1 year on file its reported administrative ratio fell from 0.12% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other construction employers. By assets it is the 171st-largest of 3,702 plans among Illinois employers on file, and the 156th of 5,337 in construction.

Plan summary
Net assets, end of year$450,614,146
Participants with balances2,436
Active participants2,333
Employer contributions$22,022,558
Employee contributions—
Employer contribution per active participant$9,440
Average account balance$184,981
Benefits paid to participants$24,714,115
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$450.6M · 2,436 accts · $22.0M emplr
2022$358.1M · 2,497 accts · $22.9M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$128,697
Investment management$142,514
Audit (IQPA)$20,000
Trustee / custodial$20,984
Total administrative$410,955
Employer contributions to the Trustees of Ibew Local 9 Ibew and Outside Contractors Dc Pension Fund plan · 2023
Employer contribution per active participant$9,440
Median for plans this size$4,362
2023$9,440 per active participant
2022$9,493 per active participant

Trustees of Ibew Local 9 Ibew and Outside Contractors Dc Pension Fund's 2023 employer contribution ran above the $4,362 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20237
BENESYS, INC · Contract administrator$91,541
CALIBRE CPA GROUP PLLC · Accounting / audit$57,156
GEORGES & SYNOWIECKI · Legal$28,202
MARQUETTE ASSOCIATES · Pension consulting$19,000
US BANK · Custodial · Trustee$10,518
SEGAL COMPANY · Pension consulting$7,874

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

Administrative cost history2
2023$410,955 · 0.10%
2022$402,594 · 0.12%
Similar plansConstruction · Illinois
Walsh Construction Company IL$610.9M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364301166 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.