Trustees of Local No. 41 Ibew AnnuityProfit-sharing plan
LOCAL UNION NO. 41 IBEW ANNUITY FUND · ORCHARD PARK, NY · plan year 2024
Reported admin expense ratio · 2024
0.25%
Peer grade: C+· admin costs + employer contributions vs same-size plans · how grading works
Trustees of Local No. 41 Ibew Annuity reported $323,924 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,247 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 0.32% to 0.25%. 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 611th-largest of 5,648 plans among New York employers on file, and the 469th of 5,337 in construction.
Plan summary
Net assets, end of year$140,324,800
Participants with balances1,250
Active participants1,545
Employer contributions$8,105,935
Employee contributions—
Employer contribution per active participant$5,247
Average account balance$112,260
Benefits paid to participants$7,267,480
Plan auditUnmodified (clean) audit opinion
AuditorARCARA LENDA EUSANIO & STACEY, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$140.3M · 1,250 accts · $8.1M emplr
2023$120.4M · 1,204 accts · $6.8M emplr
2022$97.4M · 1,181 accts · $5.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$206,073
Investment management$10,500
Audit (IQPA)$22,313
Total administrative$323,924
Employer contributions to the Trustees of Local No. 41 Ibew Annuity plan · 2024
Employer contribution per active participant$5,247
Median for plans this size$3,635
2024$5,247 per active participant
2023$4,543 per active participant
2022$4,061 per active participant
Trustees of Local No. 41 Ibew Annuity'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 · 20247
LOCAL NO. 41 IBEW HEALTH FUND · Recordkeeping · Other services$110,958
Source: U.S. Department of Labor, Form 5500 series, EIN 166069938 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.