Plan Ledger DOL Form 5500 · updated monthly

Trustees - Oklahoma Iron Workers Direct Contribution Plan and TrustDC plan

OKLAHOMA IRON WORKERS DIRECT CONTRIBUTION PLAN AND TRUST · SUGAR LAND, TX · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Trustees - Oklahoma Iron Workers Direct Contribution Plan and Trust reported $273,440 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $759 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 1.05% to 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,155th-largest of 5,688 plans among Texas employers on file, and the 1,149th of 5,337 in construction.

Plan summary
Net assets, end of year$44,293,016
Participants with balances1,296
Active participants4,449
Employer contributions$3,376,262
Employee contributions—
Employer contribution per active participant$759
Average account balance$34,177
Benefits paid to participants$5,901,066
Plan auditUnmodified (clean) audit opinion
AuditorNEEDLES & ASSOCIATES, LLC.
Plan history3
Yearassets · accounts · employer contribution
2024$44.3M · 1,296 accts · $3.4M emplr
2023$41.5M · 1,297 accts · $2.7M emplr
2022$37.8M · 1,374 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$118,121
Investment management$78,560
Audit (IQPA)$40,099
Total administrative$273,440
Employer contributions to the Trustees - Oklahoma Iron Workers Direct Contribution Plan and Trust plan · 2024
Employer contribution per active participant$759
Median for plans this size$2,416
2024$759 per active participant
2023$608 per active participant
2022$513 per active participant

Trustees - Oklahoma Iron Workers Direct Contribution Plan and Trust's 2024 employer contribution ran below the $2,416 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
MILLIMAN INC. · Recordkeeping$101,556
RBC WEALTH MANAGEMENT · Investment management$64,093
NEEDLES & ASSOCIATES, LLC · Accounting / audit$40,099
ZENITH AMERICAN SOLUTIONS · Plan administrator$16,565
MONAGHAN WARRICK KING · Legal$8,186

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

Recordkeeper by year2
2024Milliman
2023Milliman

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$273,440 · 0.64%
2023$422,598 · 1.07%
2022$445,312 · 1.05%
Similar plansConstruction · Texas
Brightland Homes, LTD TX$42.4M · 0.44%
Hmt LLC TX$40.7M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 736278639 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.