Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Bricklayers & Allied Craftsmen Local 2 Annuity FdProfit-sharing plan

BRICKLAYERS & ALLIED CRAFTSMEN LOCAL 2 ANNUITY FUND · ALBANY, NY · plan year 2024

Reported admin expense ratio · 2024
1.36%

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

Board of Trustees Bricklayers & Allied Craftsmen Local 2 Annuity Fd reported $245,466 in plan administrative expenses for 2024: 1.36% of average plan assets, higher than ~90% of peers. Employer contributions averaged $818 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 1.18% to 1.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 2,608th-largest of 5,648 plans among New York employers on file, and the 2,118th of 5,337 in construction.

Plan summary
Net assets, end of year$18,818,007
Participants with balances2,283
Active participants2,283
Employer contributions$1,867,924
Employee contributions—
Employer contribution per active participant$818
Average account balance$8,243
Benefits paid to participants$1,260,994
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.8M · 2,283 accts · $1.9M emplr
2023$17.4M · 2,226 accts · $1.8M emplr
2022$15.2M · 2,151 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,801
Investment management$77,155
Audit (IQPA)$28,200
Total administrative$245,466
Employer contributions to the Board of Trustees Bricklayers & Allied Craftsmen Local 2 Annuity Fd plan · 2024
Employer contribution per active participant$818
Median for plans this size$2,416
2024$818 per active participant
2023$820 per active participant
2022$780 per active participant

Board of Trustees Bricklayers & Allied Craftsmen Local 2 Annuity Fd's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20247
MORGAN STANLEY SMITH BARNEY · Custodial (securities) · Investment management$32,292
SCHULTHEIS & PANETTIERI LLP · Accounting / audit$29,799
KARPUS INVESTMENT MANAGEMENT · Investment management$12,482
BLITMAN & KING · Legal$8,863
MODERN ADMINISTRATION SYSTEMS LLC · Consulting$7,258
WALTER SCOTT · Investment management$6,970
CHARTWELL INVESTMENT PARTNERS · Investment management$6,365

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$245,466 · 1.36%
2023$180,532 · 1.11%
2022$176,358 · 1.18%
Similar plansConstruction · New York
Villager Construction, Inc. NY$19.7M · 0.27%
Par Plumbing Co., Inc. NY$19.2M · 0.03%
A. Colarusso & Son, Inc. NY$18.4M · 1.02%
Bothar Construction, LLC NY$18.3M · 0.30%
Vip Structures, Inc. NY$18.2M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161298070 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.