Plan Ledger DOL Form 5500 · updated monthly

Bd. of Trustees of Mass. Laborers Annuity FundMoney purchase plan

MASSACHUSETTS LABORERS' ANNUITY FUND · BURLINGTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Bd. of Trustees of Mass. Laborers Annuity Fund reported $6,430,588 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~90% of peers. Employer contributions averaged $10,967 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 0.32% to 0.29%. 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 23rd-largest of 2,726 plans among Massachusetts employers on file, and the 17th of 5,337 in construction. active participation has grown from 11,709 to 13,601 since 2022.

Plan summary
Net assets, end of year$2,260,425,621
Participants with balances31,668
Active participants13,601
Employer contributions$149,163,508
Employee contributions—
Employer contribution per active participant$10,967
Average account balance$71,379
Benefits paid to participants$131,144,917
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.3B · 31,668 accts · $149.2M emplr
2023$2.1B · 31,659 accts · $149.6M emplr
2022$1.9B · 31,603 accts · $147.7M emplr
Administrative expenses, itemized · 2024
Investment management$3,579,610
Audit (IQPA)$89,901
Trustee / custodial$386,598
Total administrative$6,430,588
Employer contributions to the Bd. of Trustees of Mass. Laborers Annuity Fund plan · 2024
Employer contribution per active participant$10,967
Median for plans this size$5,259
2024$10,967 per active participant
2023$12,998 per active participant
2022$12,612 per active participant

Bd. of Trustees of Mass. Laborers 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
WALTER SCOTT & PARTNERS LIMITED · Investment management$591,336
MEKETA INVESTMENT GROUP · Investment advisory (plan)$571,217
ARTISAN PARTNERS LP · Investment management$525,322
DODGE & COX INVESTMENT MANAGER · Investment management$498,122
ACADIAN ASSET MANAGEMENT LLC · Investment management$469,993
STATE STREET BANK AND TRUST COMPANY · Custodial (securities)$386,598
ALLIANCE BERNSTEIN LP · Investment management$305,111
STATE STREET GLOBAL ADVISORS · Custodial · Custodial (securities)$243,549
LAZARD ASSET MANAGEMENT · Investment management$191,927
SCHULTHEIS & PANETTIERI LLP · Accounting / audit$150,401
SEGAL ROITMAN LLP · Legal$145,107
THE SEGAL CO (EASTERN STATES), INC · Actuarial$119,486

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$6,430,588 · 0.29%
2023$6,518,739 · 0.32%
2022$6,518,505 · 0.32%
Similar plansConstruction · Massachusetts
Quanta Services Inc. TX$2.2B · 0.09%
Jacobs Technology Inc. VA$2.2B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 046553616 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.