Minnesota › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
St. Paul Electrical Construction Workers 401(k) Plan
Sponsored by Trustees of St. Paul Electrical Construction Workers 401(k) Plan, St. Paul, MN
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.
In the plan year ending 30 Sep 2025, St. Paul Electrical Construction Workers 401(k) Plan covered 1,635 participants and held $227M in net assets. The plan is a 401(k) plan sponsored by Trustees of St. Paul Electrical Construction Workers 401(k) Plan of St. Paul, Minnesota. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $139,097 per participant, well above the $50,295 median for defined contribution plans with 1,000 to 4,999 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.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $332K: $203 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $341K. 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 $79.6M in 2009 to $227M in 2024 (up 186%), and participants from 1,700 to 1,635 (down 4%).
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 | $139,097 | $50,295 | $92,294 | $53,102 |
| Employer contributions per active participant | — | $2,045 | $3,564 | $2,175 |
| Schedule C compensation per participant | $203 | $82.08 | $137 | $123 |
| Schedule C compensation, share of net assets | 0.15% | 0.17% | 0.17% | 0.26% |
| Administrative expenses per participant | $208 | $82.20 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 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 | 1,635 | $227M | $139,097 | — | $9.6M | $332K |
| 2023 | 1,548 | $204M | $131,807 | — | $7.6M | $321K |
| 2022 | 1,534 | $172M | $112,177 | — | $7.3M | $293K |
| 2021 | 1,531 | $154M | $100,867 | — | $6.9M | $305K |
| 2020 | 1,911 | $195M | $101,840 | — | $6.2M | $302K |
| 2019 | 1,929 | $166M | $86,204 | — | $6.2M | $336K |
| 2018 | 1,919 | $151M | $78,590 | — | $6.6M | $274K |
| 2017 | 1,559 | $154M | $98,535 | — | $6.0M | $346K |
| 2016 | 1,523 | $137M | $89,904 | — | $5.5M | $332K |
| 2015 | 1,516 | $123M | $80,818 | — | $5.3M | $278K |
| 2014 | 1,474 | $108M | $73,218 | — | $4.8M | $239K |
| 2013 | 1,432 | $108M | $75,584 | — | $4.3M | $138K |
| 2012 | 1,496 | $101M | $67,667 | — | $5.0M | $88K |
| 2011 | 1,813 | $87.8M | $48,430 | — | $4.2M | $70K |
| 2010 | 1,774 | $76.4M | $43,064 | — | $3.8M | $73K |
| 2009 | 1,700 | $79.6M | $46,828 | — | $3.3M | $71K |
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$204,037,010
- Employer contributions—
- Participant contributions$9,564,934
- Rollovers and other contributions$644,560
- Total contributions$10,209,494
- Total income, including investment results$37,138,428
- Benefits paid$13,410,970
- Administrative expenses$340,760
- Total expenses$13,751,730
- Net income$23,386,698
- Net transfers$0
- Net assets, end of year$227,423,708
Participants
- Active participants1,495
- Retired or separated, receiving benefits104
- Retired or separated, entitled to future benefits32
- Participants with account balances1,618
- Total participants, end of year1,635
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Milliman | Investment advisory (plan) | $114,126 | $0 |
| Wilson-McShane Corporation | Contract Administrator | $97,235 | $0 |
| Investment Consulting Services, LLC | Investment advisory (participants) | $60,000 | $0 |
| Shumaker Loop & Kendrick, LLP | Legal | $42,158 | $0 |
| CliftonLarsonAllen LLP | Accounting (including auditing) | $18,690 | $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
- Recordkeeping fees$115,108
- Contract administrator fees$92,400
- Investment advisory and management fees$60,000
- Legal fees$42,158
- IQPA audit fees$18,690
- Other administrative expenses$12,404
- Total administrative expenses$340,760
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)$209M · 91.8%
- Common/collective trusts$17.5M · 7.7%
- Receivables$826K · 0.4%
- Cash (interest and non-interest bearing)$225K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCliftonLarsonAllen LLP
- Participant contributions reported as transmitted lateYes, $71,399
- Covered by a fidelity bondYes, $3,000,000
- 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
2GTotal participant-directed account plan2JCode section 401(k) feature2FERISA section 404(c) plan2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Other plans of Trustees of St. Paul Electrical Construction Workers 401(k) Plan
| Plan | Participants | Net assets |
|---|---|---|
| St. Paul Electrical Construction Pension Plan | 3,435 | $388M |
| St. Paul Electrical Construction Workers Supplemental Pension Plan | 3,266 | $298M |
Similar plans in Minnesota
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Edge Home Finance Corporation 401(k) Plan | Edge Home Finance Corporation | 1,717 | $8.3M | $4,817 |
| Bright Health Management, Inc. 401(k) Plan | Bright Health Management, Inc. | 1,226 | $50.7M | $41,331 |
| Wealth Enhancement Group 401(k) Plan | Wealth Enhancement Group, LLC | 1,741 | $199M | $114,055 |
| Wings Financial Credit Union Retirement Savings Plan | Wings Financial Credit Union | 985 | $108M | $109,228 |
| Bremer 401(k) Plan | Bremer Financial Corporation | 2,003 | $346M | $172,727 |
| Western National Salary Accumulation Program | Western National Mutual Insurance Co. | 981 | $134M | $136,898 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is St. Paul Electrical Construction Workers 401(k) Plan?
1,635 participants at the end of the plan year ending 30 Sep 2025, of whom 1,495 were active employees, with net assets of $227,423,708. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does Trustees of St. Paul Electrical Construction Workers 401(k) Plan contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $332,209 in compensation to service provider organisations, $203 per participant or 0.15% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $340,760. 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 Trustees of St. Paul Electrical Construction Workers 401(k) Plan. Recordkeeping or administration: Wilson-McShane Corporation. Investment advisory or management: Milliman and Investment Consulting Services, LLC. The financial statements were audited by CliftonLarsonAllen 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 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 10 Jul 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 41-6046858, plan 005, received 10 Jul 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.