Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Local 813 Savings and Thrift Trust Fund401(k)

LOCAL 813 SAVINGS AND THRIFT TRUST FUND · LONG ISLAND CITY, NY · plan year 2024

Reported admin expense ratio · 2024
1.11%

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

Board of Trustees of Local 813 Savings and Thrift Trust Fund reported $305,973 in plan administrative expenses for 2024: 1.11% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,156 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 fell from 1.40% to 1.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,937th-largest of 5,648 plans among New York employers on file, and the 445th of 2,534 in administrative & support services. In 2024, the employer put in $5.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$30,474,942
Participants with balances1,398
Active participants1,249
Employer contributions$3,942,373
Employee contributions$774,908
Employer contribution per active participant$3,156
Average account balance$21,799
Benefits paid to participants$1,343,666
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.5M · 1,398 accts · $3.9M emplr
2023$24.5M · 1,340 accts · $3.6M emplr
2022$18.1M · 1,191 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$144,815
Audit (IQPA)$8,326
Total administrative$305,973
The Board of Trustees of Local 813 Savings and Thrift Trust Fund 401(k) match · 2024
Employer contribution per active participant$3,156
Median for plans this size$2,416
2024$3,156 per active participant
2023$2,988 per active participant
2022$2,840 per active participant

Board of Trustees of Local 813 Savings and Thrift Trust Fund's 2024 employer contribution ran above the $2,416 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 · 20244
USI CONSULTING GROUP · Recordkeeping · Loan processing$133,490
PROSKAUER ROSE LLP · Legal$26,152
C&S CONSULTING · Trustee$12,000
CALIBRE CPA GROUP PLLC · Accounting / audit$8,326

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$305,973 · 1.11%
2023$310,184 · 1.46%
2022$253,190 · 1.40%
Similar plansAdministrative & Support Services · New York
Cpacom Inc NY$31.5M · 0.01%
Emplova, LLC NY$29.5M · 0.40%
Opal Fuels LLC NY$29.0M · 0.02%
Reenergy Holdings LLC NY$27.8M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800529051 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.