TEAMSTER LOCAL 282 ANNUITY TRUST FUND · LAKE SUCCESS, NY · plan year 2024
Reported admin expense ratio · 2024
0.45%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees Local 282 reported $3,862,363 in plan administrative expenses for 2024: 0.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $16,615 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 0.34% to 0.45%. 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 132nd-largest of 5,648 plans among New York employers on file, and the 201st of 4,798 in finance & insurance.
Plan summary
Net assets, end of year$885,649,469
Participants with balances3,993
Active participants3,993
Employer contributions$66,343,961
Employee contributions—
Employer contribution per active participant$16,615
Average account balance$221,801
Benefits paid to participants$65,765,137
Plan auditUnmodified (clean) audit opinion
AuditorGOULD, KOBRICK & SCHLAPP, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$885.6M · 3,993 accts · $66.3M emplr
2023$838.5M · 3,887 accts · $61.9M emplr
2022$794.7M · $51.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,000
Investment management$1,617,628
Audit (IQPA)$45,000
Trustee / custodial$39,158
Total administrative$3,862,363
Employer contributions to the Board of Trustees Local 282 plan · 2024
Employer contribution per active participant$16,615
Median for plans this size$4,294
2024$16,615 per active participant
2023$15,915 per active participant
2022$13,161 per active participant
Board of Trustees Local 282'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
LOCAL 282 WELFARE TRUST FUND$2,015,974
INTERCONTINENTAL REAL ESTATE CORP · Investment management$415,634
Source: U.S. Department of Labor, Form 5500 series, EIN 116276104 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.