Plan Ledger DOL Form 5500 · updated monthly

Trustees of Neca-Ibew 1205 Pension FundProfit-sharing plan

NECA-IBEW 1205 PENSION FUND · JACKSONVILLE, FL · plan year 2025

Reported admin expense ratio · 2025
0.80%

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

Trustees of Neca-Ibew 1205 Pension Fund reported $446,566 in plan administrative expenses for 2025: 0.80% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,254 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 3 years on file its reported administrative ratio fell from 0.93% to 0.80%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other construction employers. By assets it is the 475th-largest of 3,644 plans among Florida employers on file, and the 933rd of 5,337 in construction.

Plan summary
Net assets, end of year$58,554,221
Participants with balances745
Active participants745
Employer contributions$3,914,470
Employee contributions—
Employer contribution per active participant$5,254
Average account balance$78,596
Benefits paid to participants$2,777,925
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$58.6M · 745 accts · $3.9M emplr
2024$53.5M · 752 accts · $3.3M emplr
2023$47.6M · 757 accts · $2.8M emplr
2022$39.6M · 693 accts · $2.5M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$79,600
Investment management$272,378
Audit (IQPA)$20,196
Total administrative$446,566
Employer contributions to the Trustees of Neca-Ibew 1205 Pension Fund plan · 2025
Employer contribution per active participant$5,254
Median for plans this size$4,093
2025$5,254 per active participant
2024$4,412 per active participant
2023$3,712 per active participant
2022$3,547 per active participant

Trustees of Neca-Ibew 1205 Pension Fund's 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20255
LEGACY PROFESSIONALS LLP · Accounting / audit · Recordkeeping$30,396
WELLS FARGO ADVISORS · Investment advisory (plan)$254,274
MY BENEFIT ADMINISTRATOR INC. · Contract administrator$69,000
REINHART BOERNER VAN DEUREN · Legal$43,947
SAWGRASS ASSET MANAGEMENT LLC$18,104

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

Recordkeeper by year3
2025LEGACY PROFESSIONALS LLP
2024LEGACY PROFESSIONALS LLP
2023LEGACY PROFESSIONALS LLP

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

Administrative cost history4
2025$446,566 · 0.80%
2024$534,754 · 1.06%
2023$425,500 · 0.98%
2022$400,289 · 0.93%
Similar plansConstruction · Florida
Mjw Consolidated, Inc. FL$73.8M · 0.03%
Finfrock Holdings, Inc. FL$58.9M · 0.03%
Mattamy Homes Corporation FL$56.5M · 0.37%
The de Moya Group, Inc. FL$44.4M · 0.22%
Anderson Columbia Co., Inc. FL$44.3M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593106802 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.