Trustees of the Neca-Ibew Local 176 Pension Trust FundMoney purchase plan
NECA-IBEW LOCAL 176 PENSION TRUST FUND · JOLIET, IL · plan year 2024
Reported admin expense ratio · 2024
0.17%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Trustees of the Neca-Ibew Local 176 Pension Trust Fund reported $1,198,241 in plan administrative expenses for 2024: 0.17% of average plan assets, higher than ~75% of peers. Employer contributions averaged $12,705 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 0.21% to 0.17%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 118th-largest of 3,702 plans among Illinois employers on file, and the 90th of 5,337 in construction.
Plan summary
Net assets, end of year$723,911,843
Participants with balances2,166
Active participants2,166
Employer contributions$27,518,657
Employee contributions—
Employer contribution per active participant$12,705
Employer contributions to the Trustees of the Neca-Ibew Local 176 Pension Trust Fund plan · 2024
Employer contribution per active participant$12,705
Median for plans this size$4,294
2024$12,705 per active participant
2023$11,584 per active participant
2022$10,971 per active participant
Trustees of the Neca-Ibew Local 176 Pension Trust Fund's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 362953263 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.