Plan Ledger DOL Form 5500 · updated monthly

Board of Trust of the Annuity Fd of the Electrical Industry of LiMoney purchase plan

ANNUITY FD OF THE ELECTRICAL INDUSTRY OF LONG ISLAND · HAUPPAUGE, NY · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Board of Trust of the Annuity Fd of the Electrical Industry of Li reported $1,319,050 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,615 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 rose from 0.29% to 0.30%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 243rd-largest of 5,648 plans among New York employers on file, and the 158th of 5,337 in construction.

Plan summary
Net assets, end of year$445,439,814
Participants with balances2,955
Active participants2,390
Employer contributions$15,810,338
Employee contributions—
Employer contribution per active participant$6,615
Average account balance$150,741
Benefits paid to participants$20,082,975
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$445.4M · 2,955 accts · $15.8M emplr
2023$419.7M · 2,958 accts · $13.8M emplr
2022$399.4M · 2,915 accts · $12.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,100
Investment management$600,757
Audit (IQPA)$52,000
Trustee / custodial$92,609
Total administrative$1,319,050
Employer contributions to the Board of Trust of the Annuity Fd of the Electrical Industry of Li plan · 2024
Employer contribution per active participant$6,615
Median for plans this size$4,294
2024$6,615 per active participant
2023$5,779 per active participant
2022$5,224 per active participant

Board of Trust of the Annuity Fd of the Electrical Industry of Li's 2024 employer contribution ran above the $4,294 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 · 202410
UNION LABOR LIFE INSURANCE COMPANY · Investment management$144,099
BANK OF NEW YORK MELLON · Custodial (securities) · Investment management$111,953
PANAGORA ASSET MANAGEMENT · Investment management$106,404
LOOMIS SAYLES TRUST COMPANY, LLC · Investment management$103,045
NATIONAL INVESTMENT SERVICES · Investment management$88,185
SEGAL MARCO ADVISORS · Investment advisory (plan)$73,860
LSV ASSET MANAGEMENT · Investment management$65,820
SCHULTHEIS & PANETTIERI, LLP · Accounting / audit$52,000
ARCHER, BYINGTON, GLENNON & LEVINE · Legal$29,250
BERARD & ASSOCIATES, CPA'S PC · Accounting / audit$6,100

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$1,319,050 · 0.30%
2023$1,225,312 · 0.30%
2022$1,210,445 · 0.29%
Similar plansConstruction · New York
Sto Building Group, Inc. NY$402.3M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 116045930 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.