Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Hollow Metal Pension FundProfit-sharing plan

HOLLOW METAL PENSION FUND SEPARATE BENEFIT ACCOUNT · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
1.45%

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

Board of Trustees Hollow Metal Pension Fund reported $30,460 in plan administrative expenses for 2024: 1.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,831 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 1.31% to 1.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (5,079th of 5,648), and 12,712th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$2,244,566
Participants with balances160
Active participants129
Employer contributions$236,241
Employee contributions—
Employer contribution per active participant$1,831
Average account balance$14,029
Benefits paid to participants$8,971
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.2M · 160 accts · $236K emplr
2023$2.0M · 167 accts · $227K emplr
2022$1.7M · 154 accts · $182K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,329
Audit (IQPA)$18,000
Total administrative$30,460
Employer contributions to the Board of Trustees Hollow Metal Pension Fund plan · 2024
Employer contribution per active participant$1,831
Median for plans this size$1,313
2024$1,831 per active participant
2023$1,735 per active participant
2022$1,494 per active participant

Board of Trustees Hollow Metal Pension Fund's 2024 employer contribution ran above the $1,313 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 · 20241
NOVAK FRANCELLA, LLC · Accounting / audit$29,329

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$30,460 · 1.45%
2023$20,353 · 1.10%
2022$21,848 · 1.31%
Similar plansManufacturing · New York
Fireworks by Grucci Inc NY$2.4M · 0.22%
Lake Erie Tobacco Company NY$2.4M · 1.84%
Richardson Brands Company NY$2.2M · 0.19%
The Avon Company NY$2.2M · 0.56%
Magnolia Operating LLC NY$2.1M · 1.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112758544 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.