Trustees of Southern Illinois Laborers & Employers Annuity FundProfit-sharing plan
SOUTHERN ILLINOIS LABORERS & EMPLOYERS ANNUITY FUND · MARION, IL · plan year 2024
Reported admin expense ratio · 2024
0.76%
Peer grade: C+· admin costs + employer contributions vs same-size plans · how grading works
Trustees of Southern Illinois Laborers & Employers Annuity Fund reported $908,638 in plan administrative expenses for 2024: 0.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,870 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 0.67% to 0.76%. 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 383rd-largest of 3,702 plans among Illinois employers on file, and the 406th of 5,337 in construction. active participation has grown from 1,075 to 2,640 since 2022.
Plan summary
Net assets, end of year$165,455,616
Participants with balances5,216
Active participants2,640
Employer contributions$15,497,845
Employee contributions—
Employer contribution per active participant$5,870
Average account balance$31,721
Benefits paid to participants$16,118,980
Plan auditUnmodified (clean) audit opinion
AuditorROMOLO & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$165.5M · 5,216 accts · $15.5M emplr
2023$72.5M · 2,643 accts · $7.3M emplr
2022$66.2M · 2,283 accts · $6.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$295,518
Investment management$42,667
Audit (IQPA)$58,840
Trustee / custodial$399,423
Total administrative$908,638
Employer contributions to the Trustees of Southern Illinois Laborers & Employers Annuity Fund plan · 2024
Employer contribution per active participant$5,870
Median for plans this size$3,635
2024$5,870 per active participant
2023$5,056 per active participant
2022$6,402 per active participant
Trustees of Southern Illinois Laborers & Employers Annuity Fund'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 · 202410
SOUTHERN IL LABORERS & EMPLOYER H&W · Contract administrator$274,181
Source: U.S. Department of Labor, Form 5500 series, EIN 371215679 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.