Plan Ledger DOL Form 5500 · updated monthly

Trustees of Texas Iron Workers' Defined Contribution Retirement Plan401(k)

TEXAS IRON WORKERS' DEFINED CONTRIBUTION RETIREMENT PLAN · SUGAR LAND, TX · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Trustees of Texas Iron Workers' Defined Contribution Retirement Plan reported $413,148 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,522 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 0.17% to 0.62%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 831st-largest of 5,688 plans among Texas employers on file, and the 1,291st of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$70,895,830
Participants with balances7,871
Active participants3,412
Employer contributions$5,193,401
Employee contributions—
Employer contribution per active participant$1,522
Average account balance$9,007
Benefits paid to participants$4,095,486
Plan auditUnmodified (clean) audit opinion
AuditorEDWARDS AND LEATHERS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$70.9M · 7,871 accts · $5.2M emplr
2023$62.5M · 7,531 accts · $4.9M emplr
2022$53.0M · 7,256 accts · $3.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,960
Investment management$310,312
Audit (IQPA)$7,500
Trustee / custodial$6,055
Total administrative$413,148
The Trustees of Texas Iron Workers' Defined Contribution Retirement Plan 401(k) match · 2024
Employer contribution per active participant$1,522
Median for plans this size$3,635
2024$1,522 per active participant
2023$1,487 per active participant
2022$1,145 per active participant

Trustees of Texas Iron Workers' Defined Contribution Retirement Plan's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20245
JOHN HANCOCK · Consulting · Investment management$285,312
CONNER & WINTERS · Legal$28,549
ZENITH AMERICAN SOLUTIONS · Plan administrator$26,960
SEGAL ADVISORS · Investment advisory (plan)$25,000
EDWARDS AND LEATHERS, P.C. · Accounting / audit$7,500

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$413,148 · 0.62%
2023$356,788 · 0.62%
2022$96,137 · 0.17%
Similar plansFinance & Insurance · Texas
Elevate Credit Service, LLC TX$65.6M · 0.02%
Trafigura Trading LLC TX$65.2M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741905198 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.