Missouri › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Local No. 1 IBEW Pension Benefit Trust Fund
Sponsored by Trustees of Local No. 1 Pension Benefit Trust Fund, St. Louis, MO
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 31 Dec 2024, Local No. 1 IBEW Pension Benefit Trust Fund covered 5,891 participants and held $1.88B in net assets. The plan is a money purchase plan sponsored by Trustees of Local No. 1 Pension Benefit Trust Fund of St. Louis, Missouri. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $319,837 per participant, well above the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $54,962 median for defined contribution plans in construction. 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 $55.2M during the year, or $10,948 per active participant against a same-size median of $2,424; participants contributed — and $1.6M arrived as rollovers and other contributions. Benefits paid out totalled $102M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $756K: $128 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $926K. 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 $743M in 2009 to $1.88B in 2024 (up 154%), and participants from 6,042 to 5,891 (down 2%).
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 | $319,837 | $64,499 | $54,962 | $53,102 |
| Employer contributions per active participant | $10,948 | $2,424 | $2,728 | $2,175 |
| Schedule C compensation per participant | $128 | $53.38 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.04% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $157 | $54.85 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), construction (4,204) 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 | 5,891 | $1.88B | $319,837 | $55.2M | — | $756K |
| 2023 | 5,575 | $1.69B | $303,402 | $50.4M | — | $818K |
| 2022 | 5,459 | $1.47B | $268,973 | $44.0M | — | $629K |
| 2021 | 5,311 | $1.81B | $340,562 | $38.4M | — | $1.5M |
| 2020 | 5,034 | $1.61B | $319,767 | $34.4M | — | $1.3M |
| 2019 | 5,018 | $1.44B | $286,744 | $39.2M | — | $1.2M |
| 2018 | 4,848 | $1.21B | $249,258 | $33.3M | — | $1.1M |
| 2017 | 4,822 | $1.25B | $259,428 | $30.8M | — | $1.2M |
| 2016 | 4,757 | $1.10B | $230,287 | $29.6M | — | $1.1M |
| 2015 | 4,671 | $1.03B | $220,209 | $24.8M | — | $1.2M |
| 2014 | 4,719 | $1.03B | $217,539 | $24.5M | — | $1.1M |
| 2013 | 4,822 | $965M | $200,153 | $23.7M | — | $974K |
| 2012 | 4,793 | $831M | $173,478 | $21.4M | — | $937K |
| 2011 | 5,285 | $792M | $149,832 | $24.9M | — | $894K |
| 2010 | 5,223 | $810M | $155,048 | $24.0M | — | $912K |
| 2009 | 6,042 | $743M | $122,982 | $31.2M | — | $1.0M |
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$1,691,466,344
- Employer contributions$55,245,287
- Participant contributions—
- Rollovers and other contributions$1,562,683
- Total contributions$56,807,970
- Total income, including investment results$295,449,982
- Benefits paid$101,830,008
- Administrative expenses$925,841
- Total expenses$102,755,849
- Net income$192,694,133
- Net transfers$0
- Net assets, end of year$1,884,160,477
Participants
- Active participants5,046
- Retired or separated, receiving benefits538
- Retired or separated, entitled to future benefits142
- Participants with account balances5,891
- Total participants, end of year5,891
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Ibew-Neca Service Center | Plan Administrator | $326,585 | $0 |
| Empower Annuity Insurance Company | Custodial (securities); Recordkeeping and information management | $112,245 | $0 |
| Scarborough Alliance Group | Investment advisory (plan) | $96,445 | $0 |
| Marquette Associates | Investment advisory (plan) | $90,000 | $0 |
| Commerce Bank | Custodial (securities) | $86,405 | $0 |
| Anders Minkler Huber Helm LLP | Accounting (including auditing) | $44,101 | $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
- Other administrative expenses$558,309
- Investment advisory and management fees$186,445
- Contract administrator fees$112,205
- IQPA audit fees$45,962
- Legal fees$22,920
- Total administrative expenses$925,841
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)$968M · 51.4%
- Pooled separate accounts$534M · 28.3%
- Common/collective trusts$261M · 13.9%
- Insurance company general account$83.4M · 4.4%
- Cash (interest and non-interest bearing)$32.9M · 1.7%
- Receivables$5.6M · 0.3%
- Participant loans$23K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmAnders Minkler Huber Help LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $20,000,000
- 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
2CMoney purchase (other than target benefit) plan2HPartial participant-directed account plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238210: Electrical Contractors.
Similar plans in Missouri
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Core & Main 401(k) Retirement Plan | Core & Main | 6,332 | $500M | $79,023 |
| Iron Workers St. Louis District Council Annuity Trust Fund | Board of Trustees of Iron Workers St. Louis District Council Annuity | 5,260 | $410M | $78,012 |
| McCarthy Employee Retirement Savings Plan | Genuine McCarthy Enterprises, Inc. | 6,671 | $701M | $105,090 |
| IBEW Local 683 Profit Sharing Annuity Plan | IBEW Local 683 Board of Trustees | 5,192 | $248M | $47,736 |
| Construction Industry Laborers Supplemental Medica and Retiree Targeted Fund | Trustees of Construction Industry Laborers Smart Fund | 14,172 | $43.3M | $3,056 |
| Neca-Ibew Pension Benefit Trust Fund | Board of Trustees of the Neca-Ibew Pension Benefit Trust Fund | 5,038 | $1.05B | $208,210 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Local No. 1 IBEW Pension Benefit Trust Fund?
5,891 participants at the end of the plan year ending 31 Dec 2024, of whom 5,046 were active employees, with net assets of $1,884,160,477. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Trustees of Local No. 1 Pension Benefit Trust Fund contribute per participant?
The filing reports $55,245,287 in employer contributions for the year, which is $10,948 per active participant; the median for plans of the same type and size was $2,424 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 $755,781 in compensation to service provider organisations, $128 per participant or 0.04% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $925,841. 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 Local No. 1 Pension Benefit Trust Fund. Recordkeeping or administration: Ibew-Neca Service Center and Empower Annuity Insurance Company. Investment advisory or management: Scarborough Alliance Group and Marquette Associates. Trustee or custodian: Empower Annuity Insurance Company and Commerce Bank. The financial statements were audited by Anders Minkler Huber Help 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. 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 43-6032286, plan 001, received 15 Oct 2025; 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.