Board of Trustees Laborers Pension Trust Fund for Nor Cal-AnnuityMoney purchase plan
LABORERS ANNUITY PLAN FOR NORTHERN CALIFORNIA · PLEASANTON, CA · plan year 2024
Reported admin expense ratio · 2024
0.23%
Peer grade: C· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees Laborers Pension Trust Fund for Nor Cal-Annuity reported $3,373,403 in plan administrative expenses for 2024: 0.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,209 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 0.46% to 0.23%. 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 89th-largest of 9,483 plans among California employers on file, and the 33rd of 5,337 in construction.
Plan summary
Net assets, end of year$1,537,125,861
Participants with balances78,189
Active participants29,190
Employer contributions$152,041,199
Employee contributions—
Employer contribution per active participant$5,209
Employer contributions to the Board of Trustees Laborers Pension Trust Fund for Nor Cal-Annuity plan · 2024
Employer contribution per active participant$5,209
Median for plans this size$5,259
2024$5,209 per active participant
2023$5,261 per active participant
2022$5,097 per active participant
Board of Trustees Laborers Pension Trust Fund for Nor Cal-Annuity's 2024 employer contribution ran below 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
LABORERS FUND ADMINISTRATION · Contract administrator$1,259,716
MCMORGAN & COMPANY LLC · Investment management$986,328
MEKETA INVESTMENT GROUP · Investment advisory (plan)$270,000
U.S BANK NATIONAL ASSOCIATION · Custodial (securities)$144,231
THE UNION LABOR LIFE INSURANCE COMP · Investment management$113,329
ULLICO INVESTMENT ADVISORS INC. · Insurance broker$102,316
WITHUMSMITH+BROWN, PC · Accounting / audit$98,374
STATE STREET GLOBAL ADVISORS · Investment management$82,547
THE SEGAL COMPANY · Consulting$37,214
BULLIVANT HOUSER BAILEY PC · Legal$34,610
WEINBERG, ROGER & ROSENFELD · Legal$34,001
FINAL OPTION CORP$12,161
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Source: U.S. Department of Labor, Form 5500 series, EIN 946277608 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.