Plan Ledger DOL Form 5500 · updated monthly

Bd of Trustees-Heat & Frost Insulators and Allied Workers Local 6 AnnuMoney purchase plan

HEAT & FROST INSULATORS AND ALLIED WORKERS LOCAL 6 ANNUITY FUND · QUINCY, MA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Bd of Trustees-Heat & Frost Insulators and Allied Workers Local 6 Annu reported $288,993 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $9,826 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 0.22% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 327th-largest of 2,726 plans among Massachusetts employers on file, and the 122nd of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$151,182,841
Participants with balances1,046
Active participants1,046
Employer contributions$10,278,247
Employee contributions—
Employer contribution per active participant$9,826
Average account balance$144,534
Benefits paid to participants$8,011,885
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$151.2M · 1,046 accts · $10.3M emplr
2023$132.8M · 1,015 accts · $10.4M emplr
2022$111.7M · 1,052 accts · $9.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$104,745
Investment management$50,000
Audit (IQPA)$19,850
Total administrative$288,993
Employer contributions to the Bd of Trustees-Heat & Frost Insulators and Allied Workers Local 6 Annu plan · 2024
Employer contribution per active participant$9,826
Median for plans this size$3,635
2024$9,826 per active participant
2023$10,245 per active participant
2022$9,418 per active participant

Bd of Trustees-Heat & Frost Insulators and Allied Workers Local 6 Annu's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20246
EMPOWER RETIREMENT · Recordkeeping$84,964
SEGAL ROITMAN & COLEMAN · Legal$51,585
MARCO CONSULTING · Investment advisory (plan)$50,000
NOVAK FRANCELLA, LLC · Accounting / audit$19,850
BENESYS, INC. · Contract administrator$19,781
SEGAL COMPANY · Pension consulting$17,492

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$288,993 · 0.20%
2023$285,023 · 0.23%
2022$262,719 · 0.22%
Similar plansAdministrative & Support Services · Massachusetts
Hubspot, Inc. MA$568.3M
Aquent LLC MA$333.1M · 0.12%
Genesis HR Solutions, Inc. MA$172.1M · 0.45%
United Site Services, Inc MA$96.1M · 0.22%
Alku, LLC MA$65.3M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 046590962 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.