Plan Ledger DOL Form 5500 · updated monthly

Trustees of Local No. 1 Pension Benefit Trust FundMoney purchase plan

LOCAL NO. 1 IBEW PENSION BENEFIT TRUST FUND · ST. LOUIS, MO · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Trustees of Local No. 1 Pension Benefit Trust Fund reported $925,841 in plan administrative expenses for 2024: 0.05% of average plan assets, above the peer median. Employer contributions averaged $10,948 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 0.07% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other construction employers. By assets it is the 14th-largest of 1,393 plans among Missouri employers on file, and the 23rd of 5,337 in construction.

Plan summary
Net assets, end of year$1,884,160,477
Participants with balances5,891
Active participants5,046
Employer contributions$55,245,287
Employee contributions—
Employer contribution per active participant$10,948
Average account balance$319,837
Benefits paid to participants$101,830,008
Plan auditUnmodified (clean) audit opinion
AuditorANDERS MINKLER HUBER HELP LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.9B · 5,891 accts · $55.2M emplr
2023$1.7B · 5,575 accts · $50.4M emplr
2022$1.5B · 5,459 accts · $44.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$112,205
Investment management$186,445
Audit (IQPA)$45,962
Total administrative$925,841
Employer contributions to the Trustees of Local No. 1 Pension Benefit Trust Fund plan · 2024
Employer contribution per active participant$10,948
Median for plans this size$5,259
2024$10,948 per active participant
2023$10,615 per active participant
2022$9,477 per active participant

Trustees of Local No. 1 Pension Benefit Trust Fund's 2024 employer contribution ran above the $5,259 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 · 20247
EMPOWER ANNUITY INSURANCE COMPANY · Custodial (securities) · Recordkeeping$112,245
IBEW-NECA SERVICE CENTER · Plan administrator$326,585
SCARBOROUGH ALLIANCE GROUP · Investment advisory (plan)$96,445
MARQUETTE ASSOCIATES · Investment advisory (plan)$90,000
COMMERCE BANK · Custodial (securities)$86,405
ANDERS MINKLER HUBER HELM LLP · Accounting / audit$44,101
SCHUCHAT, COOK, & WERNER · Legal$22,920

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Trustees of Local No. 1 Pension Benefit 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 history3
2024$925,841 · 0.05%
2023$741,874 · 0.05%
2022$1,102,588 · 0.07%
Similar plansConstruction · Missouri
Jacobs Technology Inc. VA$2.2B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 436032286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.