Plan Ledger DOL Form 5500 · updated monthly

Trustees - U. a. Local Union No. 614 Pension PlanMoney purchase plan

U.A. LOCAL UNION NO. 614 PENSION PLAN · GOODLETTSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Trustees - U. a. Local Union No. 614 Pension Plan reported $1,079,660 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,626 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 0.43% to 0.54%. 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 96th-largest of 1,496 plans among Tennessee employers on file, and the 338th of 5,337 in construction. active participation has grown from 1,248 to 1,978 since 2022.

Plan summary
Net assets, end of year$203,546,159
Participants with balances0
Active participants1,978
Employer contributions$9,150,321
Employee contributions—
Employer contribution per active participant$4,626
Average account balance—
Benefits paid to participants$12,188,952
Plan auditUnmodified (clean) audit opinion
AuditorNEEDLES & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$203.5M · $9.2M emplr
2023$195.5M · 1,456 accts · $9.8M emplr
2022$166.1M · 1,140 accts · $6.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,000
Investment management$700,112
Audit (IQPA)$51,834
Total administrative$1,079,660
Employer contributions to the Trustees - U. a. Local Union No. 614 Pension Plan plan · 2024
Employer contribution per active participant$4,626
Median for plans this size$3,635
2024$4,626 per active participant
2023$6,084 per active participant
2022$5,273 per active participant

Trustees - U. a. Local Union No. 614 Pension Plan'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 · 20248
HIGHLAND CAPITAL MANAGEMENT, LLC · Investment advisory (plan)$647,745
UA LOCAL UNION NO 614 PENSION FUND$467,084
NOVARA TESIJA & CATENACCI, PLLC · Legal$82,485
SOUTHERN BENEFIT ADMINISTRATORS INC · Consulting · Pension consulting$75,400
REYNOLDS CONSULTING SERVICES$52,369
NEEDLES & ASSOICATES, LLC · Accounting / audit$52,174
REGIONS BANK · Custodial (securities)$8,608

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$1,079,660 · 0.54%
2023$990,517 · 0.55%
2022$746,317 · 0.43%
Similar plansConstruction · Tennessee
Barnhart Crane & Rigging Co. TN$162.0M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 626085904 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.