Plan Ledger DOL Form 5500 · updated monthly

Bd of Trustees Nj Building Laborers Statewide Annuity FundProfit-sharing plan

NEW JERSEY BUILDING LABORERS STATEWIDE ANNUITY FUND · ISELIN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Bd of Trustees Nj Building Laborers Statewide Annuity Fund reported $1,656,092 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,083 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 0.78% to 0.70%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 192nd-largest of 2,419 plans among New Jersey employers on file, and the 278th of 5,337 in construction.

Plan summary
Net assets, end of year$245,292,396
Participants with balances7,536
Active participants7,536
Employer contributions$23,233,398
Employee contributions—
Employer contribution per active participant$3,083
Average account balance$32,549
Benefits paid to participants$21,566,433
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$245.3M · 7,536 accts · $23.2M emplr
2023$229.4M · 7,247 accts · $21.8M emplr
2022$210.7M · 7,335 accts · $21.6M emplr
Administrative expenses, itemized · 2024
Investment management$576,215
Audit (IQPA)$64,500
Trustee / custodial$68,106
Total administrative$1,656,092
Employer contributions to the Bd of Trustees Nj Building Laborers Statewide Annuity Fund plan · 2024
Employer contribution per active participant$3,083
Median for plans this size$3,635
2024$3,083 per active participant
2023$3,015 per active participant
2022$2,944 per active participant

Bd of Trustees Nj Building Laborers Statewide Annuity Fund's 2024 employer contribution ran below the $3,635 median for plans its size. 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
ATALANTA SOSNOFF CAPITAL LLC · Investment management$136,233
MORGAN STANLEY GRAYSTONE · Investment advisory (plan)$132,051
THE BANK OF NEW YORK MELLON · Custodial (securities)$68,106
SCHULTHEIS & PANETTIERI LLP · Accounting / audit$64,500
MANNING & NAPIER ADVISORS LLC · Investment management$58,888
PRUDENTIAL INSURANCE COMPANY · Custodial (securities) · Investment management$50,604
GW&K INVESTMENT MANAGEMENT LLC · Investment management$47,738
BARKSDALE INVESTMENT MANAGEMENT · Investment management$31,796
F/M INVESTMENTS, LLC · Investment management$28,696
THE SEGAL CO (EASTERN STATES) INC · Actuarial · Pension consulting$18,886
KROLL HEINEMAN PTASIEWICZ & PARSONS · Legal$15,000
SUSANIN WIDMAN & BRENNAN PC · Legal$14,000

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

Administrative cost history3
2024$1,656,092 · 0.70%
2023$1,523,975 · 0.69%
2022$1,722,073 · 0.78%
Similar plansConstruction · New Jersey
Subcom, LLC NJ$222.6M · 0.04%
Weeks Marine, Inc. NJ$209.1M · 0.06%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 222450453 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.