Plan Ledger DOL Form 5500 · updated monthly

Bay Area Painters & Tapers Annuity FundMoney purchase plan

BAY AREA PAINTERS & TAPERS ANNUITY FUND · DUBLIN, CA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Bay Area Painters & Tapers Annuity Fund reported $1,990,731 in plan administrative expenses for 2024: 0.38% of average plan assets, higher than ~90% of peers. Employer contributions averaged $8,155 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 0.17% to 0.38%. 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 244th-largest of 9,483 plans among California employers on file, and the 129th of 5,337 in construction.

Plan summary
Net assets, end of year$542,481,627
Participants with balances12,666
Active participants6,637
Employer contributions$54,125,226
Employee contributions—
Employer contribution per active participant$8,155
Average account balance$42,830
Benefits paid to participants$57,199,374
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$542.5M · 12,666 accts · $54.1M emplr
2023$503.4M · 12,660 accts · $55.7M emplr
2022$438.7M · 12,660 accts · $53.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$338,496
Investment management$100,000
Audit (IQPA)$30,000
Trustee / custodial$478,775
Total administrative$1,990,731
Employer contributions to the Bay Area Painters & Tapers Annuity Fund plan · 2024
Employer contribution per active participant$8,155
Median for plans this size$4,294
2024$8,155 per active participant
2023$8,501 per active participant
2022$8,216 per active participant

Bay Area Painters & Tapers Annuity Fund's 2024 employer contribution ran above the $4,294 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 · 20246
JOHN HANCOCK RETIREMENT PLAN SVS · Recordkeeping$472,295
HSBA · Contract administrator$338,496
GRAYSTONE CONSULTING · Investment advisory (plan)$100,000
SALTZMAN AND JOHNSON · Legal$45,285
EIDE BAILLY LLP · Accounting / audit$30,000
SEGAL SELECT INSURANCE SERVICES INC · Insurance servicesindirect comp

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,990,731 · 0.38%
2023$1,014,317 · 0.22%
2022$809,584 · 0.17%
Similar plansConstruction · California
J. F. Shea Company, Inc. CA$482.7M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 946276501 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.