Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Local 60 Annuity FundProfit-sharing plan

WESTCHESTER HEAVY CONSTRUCTION LABORERS LOCAL 60 ANNUITY FUND · HAWTHORNE, NY · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Board of Trustees Local 60 Annuity Fund reported $903,542 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~90% of peers. Employer contributions averaged $8,308 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 0.475%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 471st-largest of 5,648 plans among New York employers on file, and the 344th of 5,337 in construction.

Plan summary
Net assets, end of year$199,857,716
Participants with balances1,751
Active participants1,101
Employer contributions$9,146,738
Employee contributions—
Employer contribution per active participant$8,308
Average account balance$114,139
Benefits paid to participants$12,853,754
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$199.9M · 1,751 accts · $9.1M emplr
2023$180.7M · 1,779 accts · $8.9M emplr
2022$159.8M · 1,902 accts · $8.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,997
Investment management$538,822
Audit (IQPA)$15,000
Trustee / custodial$123,568
Total administrative$903,542
Employer contributions to the Board of Trustees Local 60 Annuity Fund plan · 2024
Employer contribution per active participant$8,308
Median for plans this size$3,635
2024$8,308 per active participant
2023$8,631 per active participant
2022$8,139 per active participant

Board of Trustees Local 60 Annuity Fund's 2024 employer contribution ran above the $3,635 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
BOSTON PARTNERS C/O MERRILL LYNCH · Investment management$157,896
TOCQUEVILLE ASSET MANAGEMENT LP · Investment management$113,836
STACEY BRAUN ASSOCIATES, INC. · Investment management$99,223
HUDSON EDGE INVESTMENT PARTNERS INC · Investment management$87,765
GLOBAL TRUST COMPANY · Trustee · Investment management$74,596
BARNES, IACCARINO & SHEPHERD LLP · Legal$64,641
MERRILL LYNCH · Investment advisory (plan)$57,500
M&T BANK INST'L RETIREMENT SERVICES · Custodial (securities)$48,972
CHRISTINE COSTA · Plan administrator$30,660
COHEN & STEERS C/O MERRILL LYNCH · Investment management$22,602
TPA CORPORATION · Consulting$11,340
CITRIN COOPERMAN & COMPANY, LLP · Accounting / audit$10,497

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$903,542 · 0.47%
2023$847,996 · 0.50%
2022$801,875 · 0.47%
Similar plansConstruction · New York
Dragados USA, Inc. NY$212.3M · 0.13%
U.A. Local 13 Annuity Fund NY$201.4M · 0.18%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 133344192 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.