Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Mason Tenders District Council Annuity FundProfit-sharing plan

MASON TENDERS DISTRICT COUNCIL ANNUITY FUND · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Board of Trustees Mason Tenders District Council Annuity Fund reported $4,847,346 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~90% of peers. Employer contributions averaged $8,087 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 0.53%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 126th-largest of 5,648 plans among New York employers on file, and the 65th of 5,337 in construction.

Plan summary
Net assets, end of year$932,015,718
Participants with balances18,005
Active participants11,080
Employer contributions$89,601,079
Employee contributions—
Employer contribution per active participant$8,087
Average account balance$51,764
Benefits paid to participants$117,367,238
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$932.0M · 18,005 accts · $89.6M emplr
2023$897.8M · 18,590 accts · $91.2M emplr
2022$827.7M · 18,576 accts · $91.8M emplr
Administrative expenses, itemized · 2024
Investment management$1,326,678
Audit (IQPA)$62,000
Trustee / custodial$119,435
Total administrative$4,847,346
Employer contributions to the Board of Trustees Mason Tenders District Council Annuity Fund plan · 2024
Employer contribution per active participant$8,087
Median for plans this size$4,294
2024$8,087 per active participant
2023$7,710 per active participant
2022$8,166 per active participant

Board of Trustees Mason Tenders District Council 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
MTDC WELFARE FUND · Other services$2,957,198
INVESCO TRUST COMPANY · Investment management$362,644
WESTERN ASSET MGMT. CO, LLC · Investment management$259,751
LAZARD ASSET MANAGEMENT, LLC · Investment management$218,265
POLEN CAPITAL MANAGEMENT, LLC · Investment management$152,565
STATE STREET BANK & TRUST COMPANY · Custodial (securities) · Investment management$119,954
PROSKAUER ROSE LLP · Legal$98,915
JANUS HENDERSON INVESTORS US LLC · Investment management$97,203
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$86,040
WILLIAM BLAIR INVESTMENT MGMT, LLC · Investment management$83,221
THE SEGAL CO. (EASTERN STATES), INC · Actuarial$81,517
REAMS ASSET MANAGEMENT CO. LLC · Investment management$66,989

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$4,847,346 · 0.53%
2023$4,779,797 · 0.55%
2022$4,492,639 · 0.51%
Similar plansConstruction · New York

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Source: U.S. Department of Labor, Form 5500 series, EIN 136358540 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.