Board of Trustees Local 8A-28A 401(K)401(k)

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

Board of Trustees Local 8A-28A 401(K) reported $766,973 in plan administrative expenses for 2024: 1.30% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,238 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 0.85% to 1.30%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,180th-largest of 5,648 plans among New York employers on file, and the 259th of 2,534 in administrative & support services. In 2024, the employer put in $2.46 for every $1.00 employees contributed themselves; active participation has shrunk from 1,056 to 916 since 2022.