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
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
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.