Plan Ledger DOL Form 5500 · updated monthly

Trustees of Plasterers and Cement Masons Local 148 Defined ContributioMoney purchase plan

PLASTERERS AND CEMENT MASONS LOCAL UNION NO. 148 DEFINED CONTRIBUTION PENSION PLAN · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
1.32%

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

Trustees of Plasterers and Cement Masons Local 148 Defined Contributio reported $87,666 in plan administrative expenses for 2024: 1.32% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,296 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 1.40% to 1.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Tennessee (948th of 1,496), and 3,534th of 5,337 in construction. active participation has grown from 209 to 399 since 2022.

Plan summary
Net assets, end of year$7,262,830
Participants with balances399
Active participants399
Employer contributions$916,203
Employee contributions—
Employer contribution per active participant$2,296
Average account balance$18,203
Benefits paid to participants$142,203
Plan auditUnmodified (clean) audit opinion
AuditorLAPADULA CARLSON & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 399 accts · $916K emplr
2023$6.1M · 312 accts · $906K emplr
2022$5.2M · 209 accts · $744K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,692
Investment management$16,686
Audit (IQPA)$10,360
Total administrative$87,666
Employer contributions to the Trustees of Plasterers and Cement Masons Local 148 Defined Contributio plan · 2024
Employer contribution per active participant$2,296
Median for plans this size$1,313
2024$2,296 per active participant
2023$2,902 per active participant
2022$3,559 per active participant

Trustees of Plasterers and Cement Masons Local 148 Defined Contributio's 2024 employer contribution ran above the $1,313 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 · 20244
SOUTHERN BENEFITS ADMINISTRATORS · Plan administrator$40,806
LAPADULA CARLSON & CO. · Accounting / audit · Legal$13,460
ARNALL GOLDEN GREGORY · Legal$7,678
SEGALL BRYANT & HAMILL, LLC · Legal$1,135

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

Administrative cost history3
2024$87,666 · 1.32%
2023$86,750 · 1.54%
2022$69,768 · 1.40%
Similar plansConstruction · Tennessee
Hayes Pipe Supply, Inc. TN$7.3M · 0.47%
Jones Contractors Inc. TN$7.3M · 0.22%
Maymead, Inc. TN$6.7M · 0.28%
Geo Services, LLC TN$6.4M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 586098290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.