Plan Ledger DOL Form 5500 · updated monthly

Trustees of Local Union 106 Ibew Annuity PlanMoney purchase plan

I.B.E.W. LOCAL NO. 106 ANNUITY PLAN · JAMESTOWN, NY · plan year 2024

Reported admin expense ratio · 2024
1.39%

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

Trustees of Local Union 106 Ibew Annuity Plan reported $443,490 in plan administrative expenses for 2024: 1.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $8,744 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 rose from 0.61% to 1.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,796th-largest of 5,648 plans among New York employers on file, and the 2,217th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$34,142,419
Participants with balances222
Active participants178
Employer contributions$1,556,494
Employee contributions—
Employer contribution per active participant$8,744
Average account balance$153,795
Benefits paid to participants$1,448,377
Plan auditUnmodified (clean) audit opinion
AuditorBUFFAMANTE, WHIPPLE, BUTTAFARO PC
Plan history3
Yearassets · accounts · employer contribution
2024$34.1M · 222 accts · $1.6M emplr
2023$29.7M · 205 accts · $1.3M emplr
2022$23.2M · 191 accts · $994K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,023
Investment management$6,829
Audit (IQPA)$12,319
Total administrative$443,490
Employer contributions to the Trustees of Local Union 106 Ibew Annuity Plan plan · 2024
Employer contribution per active participant$8,744
Median for plans this size$2,416
2024$8,744 per active participant
2023$8,154 per active participant
2022$6,061 per active participant

Trustees of Local Union 106 Ibew 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 · 20244
JOHN HANCOCK · Recordkeeping · Loan processing$42,552
BLITMAN & KING LLP · Legal$42,658
BUFFAMANTE WHIPPLE BUTTAFARO, P.C. · Accounting / audit$12,319
WELLTH ADVISORY SERVICES, LLC · Investment advisory (plan)$6,829

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$443,490 · 1.39%
2023$147,682 · 0.56%
2022$139,137 · 0.61%
Similar plansFinance & Insurance · New York
Cfcu Community Credit Union NY$34.6M · 0.18%
Pretium Employer, LLC NY$34.6M · 0.01%
Coatue Management, LLC NY$34.2M · 0.32%
Five Rings LLC NY$34.0M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 166126150 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.