Indiana › Finance and insurance › 500 to 999 participants
Form 5500 statement · plan year 1 Nov 2024 to 31 Oct 2025
International Brotherhood of Electrical Workers Local Union 873 Retirement Plan and Trust
Sponsored by BD of Trustees - IBEW Local Union No. 873, Kokomo, IN
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
BD of Trustees - IBEW Local Union No. 873 of Kokomo, Indiana sponsors International Brotherhood of Electrical Workers Local Union 873 Retirement Plan and Trust, a money purchase plan. Its Form 5500 for the plan year ending 31 Oct 2025 shows 727 participants (715 active) and $90.8M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $124,951 per participant, well above the $46,267 median for defined contribution plans with 500 to 999 participants and well above the $92,294 median for defined contribution plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $9.0M during the year, or $12,522 per active participant against a same-size median of $1,934; participants contributed — and −$1.5M arrived as rollovers and other contributions. Benefits paid out totalled $3.8M.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $130K: $179 per participant, well above the same-size median of $113. Administrative expenses charged to the plan were $213K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $31.4M in 2009 to $90.8M in 2024 (up 189%), and participants from 515 to 727 (up 41%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $124,951 | $46,267 | $92,294 | $53,102 |
| Employer contributions per active participant | $12,522 | $1,934 | $3,564 | $2,175 |
| Schedule C compensation per participant | $179 | $113 | $137 | $123 |
| Schedule C compensation, share of net assets | 0.14% | 0.25% | 0.17% | 0.26% |
| Administrative expenses per participant | $293 | $109 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), finance and insurance (4,391) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 727 | $90.8M | $124,950 | $9.0M | — | $130K |
| 2023 | 578 | $76.1M | $131,576 | $26.4M | — | $146K |
| 2022 | 545 | $57.7M | $105,936 | $4.8M | — | $182K |
| 2021 | 537 | $52.9M | $98,447 | $2.9M | — | $127K |
| 2020 | 554 | $59.9M | $108,141 | $2.5M | — | $123K |
| 2019 | 502 | $48.9M | $97,355 | $2.2M | — | $98K |
| 2018 | 495 | $47.3M | $95,646 | $1.9M | — | $92K |
| 2017 | 495 | $44.0M | $88,857 | $1.6M | — | $83K |
| 2016 | 494 | $44.5M | $90,053 | $2.1M | — | $94K |
| 2015 | 819 | $44.7M | $54,604 | $2.0M | — | $19K |
| 2014 | 749 | $42.8M | $57,162 | $1.7M | — | $29K |
| 2013 | 715 | $40.8M | $57,123 | $1.6M | — | $20K |
| 2012 | 667 | $39.3M | $58,892 | $1.5M | $10K | $20K |
| 2011 | 597 | $37.0M | $61,963 | $1.6M | — | $21K |
| 2010 | 527 | $34.3M | $65,034 | $1.5M | — | $23K |
| 2009 | 515 | $31.4M | $61,039 | $778K | $4,000 | $20K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$76,051,056
- Employer contributions$8,953,030
- Participant contributions—
- Rollovers and other contributions−$1,521,987
- Total contributions$7,431,043
- Total income, including investment results$18,761,751
- Benefits paid$3,760,219
- Administrative expenses$213,271
- Total expenses$3,973,490
- Net income$14,788,261
- Net transfers$0
- Net assets, end of year$90,839,317
Participants
- Active participants715
- Retired or separated, receiving benefits11
- Retired or separated, entitled to future benefits0
- Participants with account balances727
- Total participants, end of year727
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| John Hancock | Plan Administrator; Investment advisory (plan) | $52,676 | $0 |
| Healthscope Benefits, LLC | Plan Administrator | $31,377 | $0 |
| L.M. Henderson & Company, LLP | Accounting (including auditing) | $27,050 | $0 |
| Ledbetter Partners, LLC | Legal | $19,324 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$77,309
- Investment advisory and management fees$58,464
- Other administrative expenses$31,124
- IQPA audit fees$27,050
- Legal fees$19,324
- Total administrative expenses$213,271
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$87.4M · 96.2%
- Cash (interest and non-interest bearing)$1.8M · 2.0%
- Receivables$1.6M · 1.8%
- Common/collective trusts$43K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmL.M. Henderson & Company, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2CMoney purchase (other than target benefit) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in Indiana
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Ruoff Mortgage Company, Inc. 401(k) Profit Sharing Plan and Trust | Ruoff Mortgage Company, Inc. | 734 | $40.7M | $55,411 |
| Liberty Federal Credit Union 401(k) Plan and Trust | Liberty Federal Credit Union | 690 | $49.8M | $72,228 |
| Brotherhood Mutual Insurance Company 401(k) Plan | Brotherhood Mutual Insurance Company | 760 | $86.1M | $113,261 |
| 3RIVERS Retirement Plan | Three Rivers Federal Credit Union | 680 | $46.6M | $68,597 |
| Merchants Bancorp 401(k) Plan | Merchants Bancorp | 779 | $61.6M | $79,071 |
| Local 18 Int'l Assoc. of Heat & Frost Insulators & Allied Workers Supplemental Pension Fund | Board of Trustees-Local 18 Int'l Heat & Frost Insulators | 676 | $63.2M | $93,442 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is International Brotherhood of Electrical Workers Local Union 873 Retirement Plan and Trust?
727 participants at the end of the plan year ending 31 Oct 2025, of whom 715 were active employees, with net assets of $90,839,317. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does BD of Trustees - IBEW Local Union No. 873 contribute per participant?
The filing reports $8,953,030 in employer contributions for the year, which is $12,522 per active participant; the median for plans of the same type and size was $1,934 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $130,427 in compensation to service provider organisations, $179 per participant or 0.14% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $213,271. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is BD of Trustees - IBEW Local Union No. 873. Recordkeeping or administration: John Hancock and Healthscope Benefits, LLC. Investment advisory or management: John Hancock. The financial statements were audited by L.M. Henderson & Company, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Nov 2024 to 31 Oct 2025, received by the Department of Labor on 4 Aug 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 35-0415484, plan 001, received 4 Aug 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.