LOCAL 52 401 (K) FUND · LYNBROOK, NY · plan year 2024
Reported admin expense ratio · 2024
0.10%
Board of Trustees of Local 52 reported $529,345 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. 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 0.06% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 207th-largest of 5,648 plans among New York employers on file, and the 286th of 4,798 in finance & insurance.
Plan summary
Net assets, end of year$558,066,748
Participants with balances5,606
Active participants5,441
Employer contributions—
Employee contributions$28,539,694
Employer contribution per active participant—
Average account balance$99,548
Benefits paid to participants$26,275,155
Plan auditUnmodified (clean) audit opinion
AuditorGOULD, KOBRICK & SCHLAPP, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$558.1M · 5,606 accts
2023$490.9M · 5,544 accts
2022$421.3M · 5,613 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$256,760
Investment management$32,119
Audit (IQPA)$25,750
Trustee / custodial$34,159
Total administrative$529,345
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.
Source: U.S. Department of Labor, Form 5500 series, EIN 134059105 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.