Plan Ledger DOL Form 5500 · updated monthly

Trustees of Neca-Ibew 177 Pension FundMoney purchase plan

NECA-IBEW 177 PENSION FUND · JACKSONVILLE, FL · plan year 2025

Reported admin expense ratio · 2025
0.60%

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

Trustees of Neca-Ibew 177 Pension Fund reported $865,585 in plan administrative expenses for 2025: 0.60% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,647 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 0.76% to 0.60%. 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 239th-largest of 3,644 plans among Florida employers on file, and the 457th of 5,337 in construction.

Plan summary
Net assets, end of year$145,589,244
Participants with balances1,498
Active participants1,498
Employer contributions$8,458,932
Employee contributions—
Employer contribution per active participant$5,647
Average account balance$97,189
Benefits paid to participants$14,524,139
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$145.6M · 1,498 accts · $8.5M emplr
2024$143.9M · 1,411 accts · $7.1M emplr
2023$129.4M · 1,412 accts · $5.7M emplr
2022$115.3M · 1,443 accts · $5.6M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$86,400
Investment management$654,390
Audit (IQPA)$20,196
Total administrative$865,585
Employer contributions to the Trustees of Neca-Ibew 177 Pension Fund plan · 2025
Employer contribution per active participant$5,647
Median for plans this size$4,093
2025$5,647 per active participant
2024$5,011 per active participant
2023$4,009 per active participant
2022$3,873 per active participant

Trustees of Neca-Ibew 177 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 · 20256
LEGACY PROFESSIONALS LLP · Accounting / audit · Recordkeeping$31,596
WELLS FARGO ADVISORS LLC · Custodial (securities) · Investment advisory (plan)$610,512
MY BENEFITS ADMINISTRATOR, LLC · Contract administrator$75,000
SMITH, GAMBRELL & RUSSELL, LLP · Legal$53,352
SAWGRASS ASSET MANAGEMENT LLC$43,878
TOP DRAWER, INC · Other services$5,085

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$865,585 · 0.60%
2024$852,757 · 0.62%
2023$800,642 · 0.65%
2022$979,949 · 0.76%
Similar plansConstruction · Florida
Moss & Associates, LLC FL$191.2M · 0.15%
Construction Partners, Inc. FL$134.0M · 0.36%
Eurovia USA FL$125.7M · 0.60%
Apex Services Partners LLC FL$123.7M · 0.49%
Crete Mechanical Group, Inc. FL$116.3M · 0.27%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 596976863 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.