Plan Ledger DOL Form 5500 · updated monthly

Trustees of Ibew Local Union No. 812 Annuity PlanProfit-sharing plan

IBEW LOCAL UNION NO. 812 ANNUITY PLAN · ROSELAND, NJ · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Trustees of Ibew Local Union No. 812 Annuity Plan reported $111,559 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $6,676 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 0.41% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 783rd-largest of 2,419 plans among New Jersey employers on file, and the 1,443rd of 5,337 in construction. active participation has grown from 165 to 220 since 2022.

Plan summary
Net assets, end of year$32,721,577
Participants with balances156
Active participants220
Employer contributions$1,468,733
Employee contributions—
Employer contribution per active participant$6,676
Average account balance$209,754
Benefits paid to participants$2,777,782
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.7M · 156 accts · $1.5M emplr
2023$30.2M · 167 accts · $1.0M emplr
2022$27.0M · 168 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,716
Investment management$50,873
Audit (IQPA)$13,919
Total administrative$111,559
Employer contributions to the Trustees of Ibew Local Union No. 812 Annuity Plan plan · 2024
Employer contribution per active participant$6,676
Median for plans this size$2,416
2024$6,676 per active participant
2023$4,836 per active participant
2022$6,739 per active participant

Trustees of Ibew Local Union No. 812 Annuity Plan's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
JOHN HANCOCK · Custodial (securities) · Recordkeeping$44,009
FABIAN & BYRNE · Contract administrator$24,070
PACKER THOMAS · Accounting / audit$13,919
MEYER, UNKOVIC & SCOTT LLP · Legal$13,249
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$6,864

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$111,559 · 0.35%
2023$90,509 · 0.32%
2022$120,075 · 0.41%
Similar plansConstruction · New Jersey
Air Group, LLC NJ$38.2M · 0.02%
Bogush Inc. NJ$37.3M · 0.26%
Wayne Tile Co., Inc. NJ$23.8M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232578198 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.