Bd of Trustees Heavy & General Laborers' of Nj Annuity FundProfit-sharing plan
HEAVY & GENERAL LABORERS' LOCAL UNIONS 472 & 172 OF NJ ANNUITY PLAN · NEWARK, NJ · plan year 2024
Reported admin expense ratio · 2024
0.34%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Bd of Trustees Heavy & General Laborers' of Nj Annuity Fund reported $4,943,893 in plan administrative expenses for 2024: 0.34% of average plan assets, higher than ~90% of peers. Employer contributions averaged $11,326 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 3 years on file its reported administrative ratio has held roughly steady near 0.343%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other construction employers. By assets it is the 46th-largest of 2,419 plans among New Jersey employers on file, and the 36th of 5,337 in construction.
Plan summary
Net assets, end of year$1,493,601,444
Participants with balances14,981
Active participants9,133
Employer contributions$103,441,019
Employee contributions—
Employer contribution per active participant$11,326
Employer contributions to the Bd of Trustees Heavy & General Laborers' of Nj Annuity Fund plan · 2024
Employer contribution per active participant$11,326
Median for plans this size$5,259
2024$11,326 per active participant
2023$10,785 per active participant
2022$10,321 per active participant
Bd of Trustees Heavy & General Laborers' of Nj Annuity Fund's 2024 employer contribution ran above the $5,259 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 · 202412
BICC SYSTEMS INC · Recordkeeping$9,931
ATALANTA SOSNOFF CAPITAL LLC · Investment management$688,761
Source: U.S. Department of Labor, Form 5500 series, EIN 222331070 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.