Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Drywall Tapers Annuity FundProfit-sharing plan

DRYWALL TAPERS ANNUITY FUND · LONG ISLAND CITY, NY · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Board of Trustees Drywall Tapers Annuity Fund reported $653,763 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,609 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 0.59% to 0.89%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 972nd-largest of 5,648 plans among New York employers on file, and the 765th of 5,337 in construction. active participation has grown from 908 to 1,002 since 2022.

Plan summary
Net assets, end of year$77,327,240
Participants with balances1,444
Active participants1,002
Employer contributions$6,622,446
Employee contributions—
Employer contribution per active participant$6,609
Average account balance$53,551
Benefits paid to participants$8,010,216
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$77.3M · 1,444 accts · $6.6M emplr
2023$70.2M · 948 accts · $6.1M emplr
2022$66.6M · 926 accts · $6.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,702
Investment management$332,574
Audit (IQPA)$30,200
Total administrative$653,763
Employer contributions to the Board of Trustees Drywall Tapers Annuity Fund plan · 2024
Employer contribution per active participant$6,609
Median for plans this size$3,635
2024$6,609 per active participant
2023$6,625 per active participant
2022$7,523 per active participant

Board of Trustees Drywall Tapers Annuity Fund's 2024 employer contribution ran above the $3,635 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
CRESCENT CAPITAL GROUP · Investment management$214,791
DRYWALL TAPERS INSURANCE FUND · Participant communication$210,112
AMALGAMATED BANK OF NEW YORK · Investment management$52,797
ULLICO INVESTMENT ADVISORS, INC. · Investment management$42,986
MARSHALL & MOSS, PAYROLL COMPLIANCE · Accounting / audit$39,675
NOVAK FRANCELLA, LLC · Accounting / audit$30,200
REYNOLDS CONSULTING SERVICES, LLC · Investment advisory (plan)$22,000
MARSHALL & MOSS, LLP · Accounting / audit$17,027
BARNES IACCARINO & SHEPHERED LLP · Legal$15,000
SEGAL CONSULTING · Consulting$7,500

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$653,763 · 0.89%
2023$445,480 · 0.65%
2022$431,861 · 0.59%
Similar plansConstruction · New York
Suit-Kote Corporation NY$83.7M · 0.26%
J.T. Magen & Company Inc. NY$64.8M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133539244 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.