Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Graphics Comm. Int'l UnionTarget benefit plan

GRAPHIC COMMUNICATIONS INT'L UNION LOCAL 119B-43B NEW YORK PRINTERS LEAGUE ANNUITY FUND · EAST FARMINGDALE, NY · plan year 2023

Reported admin expense ratio · 2023
0.79%

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

Board of Trustees Graphics Comm. Int'l Union reported $81,694 in plan administrative expenses for 2023: 0.79% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,336 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 fell from 0.93% to 0.83%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New York (3,511th of 5,648), and 3,910th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$10,729,104
Participants with balances206
Active participants151
Employer contributions$654,735
Employee contributions—
Employer contribution per active participant$4,336
Average account balance$52,083
Benefits paid to participants$426,461
Plan auditUnmodified (clean) audit opinion
AuditorGOULD, KOBRICK & SCHLAPP, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 213 accts · $675K emplr
2023$10.7M · 206 accts · $655K emplr
2022$10.1M · 197 accts · $627K emplr
Administrative expenses, itemized · 2023
Investment management$28,003
Audit (IQPA)$18,000
Total administrative$81,694
Employer contributions to the Board of Trustees Graphics Comm. Int'l Union plan · 2023
Employer contribution per active participant$4,336
Median for plans this size$2,440
2024$4,245 per active participant
2023$4,336 per active participant
2022$4,479 per active participant

Board of Trustees Graphics Comm. Int'l Union's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
STACEY BRAUN · Investment management$19,862
GOULD KOBRICK & SCHLAPP PC · Accounting / audit$18,000
GCIU LOCAL 119B UNION · Other services$10,842
AMALGAMATED BANK OF NEW YORK · Custodial (securities)$4,500

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$87,720 · 0.83%
2023$81,694 · 0.79%
2022$96,439 · 0.93%
Similar plansFinance & Insurance · New York
Servu Federal Credit Union NY$11.2M · 0.34%
Trenton Technology, Inc. NY$11.1M · 0.46%
Quontic Bank NY$11.1M · 0.13%
A-Cap, LLC NY$10.1M · 0.57%
State Bank of India NY$9.8M · 0.75%
Blockfi Inc. NY$8.9M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133118556 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.