Board of Trustees Local 138, 138A, 138B & 138C Iuoe Annuity FundProfit-sharing plan
LOCAL 138, 138A, 138B & 138C INTERNATI OF OPERATING ENGINEERS ANNUITY FUND · FARMINGDALE, NY · plan year 2024
Reported admin expense ratio · 2024
0.84%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees Local 138, 138A, 138B & 138C Iuoe Annuity Fund reported $3,127,332 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~90% of peers. Employer contributions averaged $20,126 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 3 years on file its reported administrative ratio has held roughly steady near 0.84%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 275th-largest of 5,648 plans among New York employers on file, and the 372nd of 4,798 in finance & insurance.
Plan summary
Net assets, end of year$387,480,966
Participants with balances2,804
Active participants1,406
Employer contributions$28,296,566
Employee contributions—
Employer contribution per active participant$20,126
Employer contributions to the Board of Trustees Local 138, 138A, 138B & 138C Iuoe Annuity Fund plan · 2024
Employer contribution per active participant$20,126
Median for plans this size$4,294
2024$20,126 per active participant
2023$19,398 per active participant
2022$16,674 per active participant
Board of Trustees Local 138, 138A, 138B & 138C Iuoe Annuity Fund's 2024 employer contribution ran above the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Service providers · 202412
TPA COMPUTER CORPORATION · Recordkeeping$47,130
IUOE LOCAL 138 APPRENTICE FUND · Other services$477,344
UBS FINANCIAL SERVICES INC. · Custodial (securities) · Investment management$414,873
EATON VANCE · Investment management$392,922
IUOE LOCAL 138 WELFARE FUND · Other services$383,991
IUOE LOCAL 138, 138A, 138B, 138C · Other services$382,618
TOCQUEVILLE · Investment management$244,264
INTERCONTINENTAL REAL ESTATE · Investment management$239,392
BLACKROCK · Investment management$221,320
JOHN HANCOCK· Custodial (securities) · Investment management$104,116
138 BOULEVARD BUILDING CORP · Other services$91,000
STACY CORDANO$82,801
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 112653717 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.