Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Eastern Atlantic States Carpenters Annuity FundProfit-sharing plan

EASTERN ATLANTIC STATES CARPENTERS ANNUITY FUND · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Board of Trustees Eastern Atlantic States Carpenters Annuity Fund reported $6,025,770 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,591 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 0.27% 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 33rd-largest of 3,651 plans among Pennsylvania employers on file, and the 20th of 5,337 in construction. active participation has shrunk from 17,441 to 14,943 since 2022.

Plan summary
Net assets, end of year$2,173,689,942
Participants with balances34,950
Active participants14,943
Employer contributions$113,435,486
Employee contributions—
Employer contribution per active participant$7,591
Average account balance$62,194
Benefits paid to participants$161,887,065
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.2B · 34,950 accts · $113.4M emplr
2023$2.1B · 33,788 accts · $115.7M emplr
2022$2.0B · 38,747 accts · $53.2M emplr
Administrative expenses, itemized · 2024
Investment management$3,059,709
Audit (IQPA)$84,000
Total administrative$6,025,770
Employer contributions to the Board of Trustees Eastern Atlantic States Carpenters Annuity Fund plan · 2024
Employer contribution per active participant$7,591
Median for plans this size$5,259
2024$7,591 per active participant
2023$7,815 per active participant
2022$3,050 per active participant

Board of Trustees Eastern Atlantic States Carpenters Annuity Fund's 2024 employer contribution ran above the $5,259 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 · 202412
LORD ABBETT & CO. LLC · Investment management$437,152
FOUNDRY PARTNERS LLC · Investment management$408,708
SIERRA INVESTMENT PARTNERS INC. · Investment management$386,883
HARDMAN JOHNSTON GLOBAL ADVISORS · Investment management$372,905
LOOMIS SAYLES & COMPANY LP · Investment management$352,092
INVESTMENT PERFORMANCE SERVICES LLC · Investment advisory (plan)$315,060
GREAT LAKES ADVISORS LLC · Investment management$305,255
WEDGE CAPITAL MANAGEMENT LLP · Investment management$241,319
BANK OF NEW YORK MELLON · Custodial (securities) · Investment management$158,800
SCHULTHEIS & PANETTIERI, LLP · Accounting / audit$103,621
CHARTWELL INVESTMENT PARTNERS, LLC · Investment management$103,437
PIOTR TONIA$94,045

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$6,025,770 · 0.29%
2023$5,950,699 · 0.30%
2022$5,243,781 · 0.27%
Similar plansConstruction · Pennsylvania
Quanta Services Inc. TX$2.2B · 0.09%
Jacobs Technology Inc. VA$2.2B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222406812 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.