Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Mid-Atlantic Regional Council of Carpenters' AnnuityProfit-sharing plan

MID-ATLANTIC REGIONAL COUNCIL OF CARPENTERS' ANNUITY FUND · OXON HILL, MD · plan year 2024

Reported admin expense ratio · 2024
1.05%

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

Board of Trustees Mid-Atlantic Regional Council of Carpenters' Annuity reported $1,297,153 in plan administrative expenses for 2024: 1.05% of average plan assets, higher than ~90% of peers. Employer contributions averaged $727 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 0.70% to 1.05%. 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 138th-largest of 1,671 plans among Maryland employers on file, and the 513th of 5,337 in construction.

Plan summary
Net assets, end of year$125,654,538
Participants with balances13,746
Active participants13,746
Employer contributions$9,995,004
Employee contributions—
Employer contribution per active participant$727
Average account balance$9,141
Benefits paid to participants$12,338,875
Plan auditUnmodified (clean) audit opinion
AuditorCALIBRE CPA GROUP, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$125.7M · 13,746 accts · $10.0M emplr
2023$121.7M · 13,397 accts · $9.0M emplr
2022$122.3M · 13,291 accts · $9.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,965
Investment management$727,444
Audit (IQPA)$60,484
Trustee / custodial$5,628
Total administrative$1,297,153
Employer contributions to the Board of Trustees Mid-Atlantic Regional Council of Carpenters' Annuity plan · 2024
Employer contribution per active participant$727
Median for plans this size$3,635
2024$727 per active participant
2023$671 per active participant
2022$732 per active participant

Board of Trustees Mid-Atlantic Regional Council of Carpenters' Annuity's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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
EASTERN ATLANTIC STATES CARPENTERS · Contract administrator$337,787
BLACKSTONE INFRASTRUCTURE PARTNERS$280,543
ASB CAPITAL$114,860
ZENITH-AMERICAN ADMINISTRATORS · Contract administrator$76,965
SIERRA$66,694
GREAT LAKES ADVISORS$65,235
CALIBRE CPA GROUP · Accounting / audit$60,484
O'DONOGHUE & O'DONOGHUE · Legal$52,515
INVESTMENT PERFORMANCE SERVICE · Investment advisory (plan)$45,250
CHARTWELL INV PARTNERS$41,065
HARDMAN JOHNSTON$30,406
INTERCONTINENTAL REAL ESTATE CORP$27,477

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$1,297,153 · 1.05%
2023$983,320 · 0.81%
2022$892,775 · 0.70%
Similar plansConstruction · Maryland
Structural Group Inc. MD$187.7M · 0.17%
Plumbers and Gasfitters Local 5 Retirement Savings Fund MD$143.8M · 0.35%
Trustees of the National Electrical 401(K) Plan MD$141.1M · 0.42%
The Donohoe Companies, Inc. MD$131.2M · 0.02%
Harkins Builders, Inc. MD$123.3M · 0.13%
Brd of Trustees Oe 37 S&A Fund MD$83.0M · 0.75%
Dac Acquisition Company, LLC MD$75.7M · 0.00%
Windsor Electric Co Inc MD$70.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541999516 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.