Plan Ledger DOL Form 5500 · updated monthly

Trustees of Ibew Local Union No 479 Pension Trust FundDC plan

IBEW LOCAL UNION NO. 479 PENSION TRUST FUND · BEAUMONT, TX · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Trustees of Ibew Local Union No 479 Pension Trust Fund reported $748,448 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,402 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 rose from 0.27% to 0.49%. 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 454th-largest of 5,688 plans among Texas employers on file, and the 411th of 5,337 in construction.

Plan summary
Net assets, end of year$162,173,227
Participants with balances—
Active participants642
Employer contributions$3,468,291
Employee contributions—
Employer contribution per active participant$5,402
Average account balance—
Benefits paid to participants$6,308,597
Plan auditUnmodified (clean) audit opinion
AuditorEDWARDS AND LEATHERS, PC
Plan history2
Yearassets · accounts · employer contribution
2024$162.2M · $3.5M emplr
2023$144.8M · $3.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,566
Investment management$501,647
Audit (IQPA)$16,500
Total administrative$748,448
Employer contributions to the Trustees of Ibew Local Union No 479 Pension Trust Fund plan · 2024
Employer contribution per active participant$5,402
Median for plans this size$3,635
2024$5,402 per active participant
2023$5,609 per active participant

Trustees of Ibew Local Union No 479 Pension Trust Fund's 2024 employer contribution ran above 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 · 20246
BENEFIT RESOURCES INC · Recordkeeping · Contract administrator$40,475
HGK TRINITY STREET · Investment management$74,519
FIDELITY MANAGE TRUST · Investment management$54,905
SEGAL MARCO · Investment management$45,000
THE SEGAL CO. · Actuarial$33,500
EDWARDS AND LEATHERS, P.C. · Accounting / audit$16,500

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

Recordkeeper by year2
2024BENEFIT RESOURCES INC
2023BENEFIT RESOURCES, INC.

This plan has changed recordkeepers within these filings. If you left Trustees of Ibew Local Union No 479 Pension Trust Fund before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$748,448 · 0.49%
2023$371,094 · 0.27%
Similar plansConstruction · Texas
Hcbeck, LTD. TX$189.9M · 0.17%
Webber, LLC. TX$189.3M · 0.19%
Meriton, LLC TX$168.4M · 0.16%
Service Experts LLC TX$151.8M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 746183767 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.