Board of Trustees of Annuity Fund of Operating Engineers Local 513Profit-sharing plan
ANNUITY FUND OF OPERATING ENGINEERS LOCAL 513 · BRIDGETON, MO · plan year 2024
Reported admin expense ratio · 2024
0.31%
Peer grade: C· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees of Annuity Fund of Operating Engineers Local 513 reported $951,993 in plan administrative expenses for 2024: 0.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,411 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 0.308%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other other services employers. By assets it is the 81st-largest of 1,393 plans among Missouri employers on file, and the 41st of 3,341 in other services.
Plan summary
Net assets, end of year$323,007,975
Participants with balances9,094
Active participants9,570
Employer contributions$23,074,923
Employee contributions—
Employer contribution per active participant$2,411
Average account balance$35,519
Benefits paid to participants$15,489,198
Plan history3
Yearassets · accounts · employer contribution
2024$323.0M · 9,094 accts · $23.1M emplr
2023$296.0M · 8,696 accts · $21.7M emplr
2022$275.7M · 8,437 accts · $21.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$116,021
Investment management$613,399
Audit (IQPA)$26,500
Total administrative$951,993
Employer contributions to the Board of Trustees of Annuity Fund of Operating Engineers Local 513 plan · 2024
Employer contribution per active participant$2,411
Median for plans this size$4,294
2024$2,411 per active participant
2023$2,383 per active participant
2022$2,483 per active participant
Board of Trustees of Annuity Fund of Operating Engineers Local 513's 2024 employer contribution ran below the $4,294 median for plans its size. 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 · 202411
BNY MELLON INVESTMENT MANAGEMENT CA · Investment management$206,834
NATIONAL INVESTMENT SERVICES · Custodial (securities)$170,773
BENESYS, INC. · Contract administrator$123,087
NEPC, LLC · Consulting$110,450
COMMERCE BANK · Custodial (securities)$105,886
BOSTON TRUST WALDEN COMPANY · Custodial (securities) · Investment management$45,449
HARTNETT REYES-JONES, LLC · Legal$41,087
LOCAL 513$36,327
ANDERS MINKLER HUBER HELM LLP · Accounting / audit$26,500
BMO HARRIS BANK NA · Investment management$24,783
WELLINGTON TRUST COMPANY, NAindirect comp
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Source: U.S. Department of Labor, Form 5500 series, EIN 431712261 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.