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
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
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.