Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Smw Lu No. 28 Annuity FundProfit-sharing plan

SHEET METAL WORKERS LOCAL UNION NO. 28 ANNUITY FUND · MINEOLA, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Board of Trustees of Smw Lu No. 28 Annuity Fund reported $755,208 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,539 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 0.12% to 0.13%. 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 199th-largest of 5,648 plans among New York employers on file, and the 115th of 5,337 in construction.

Plan summary
Net assets, end of year$589,583,351
Participants with balances4,020
Active participants3,683
Employer contributions$24,082,568
Employee contributions—
Employer contribution per active participant$6,539
Average account balance$146,663
Benefits paid to participants$61,471,724
Plan auditUnmodified (clean) audit opinion
AuditorCALIBRE CPA GROUP, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$589.6M · 4,020 accts · $24.1M emplr
2023$571.4M · 4,097 accts · $24.5M emplr
2022$541.4M · 4,150 accts · $26.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,893
Investment management$56,073
Audit (IQPA)$30,900
Total administrative$755,208
Employer contributions to the Board of Trustees of Smw Lu No. 28 Annuity Fund plan · 2024
Employer contribution per active participant$6,539
Median for plans this size$4,294
2024$6,539 per active participant
2023$6,510 per active participant
2022$6,890 per active participant

Board of Trustees of Smw Lu No. 28 Annuity Fund's 2024 employer contribution ran above 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 · 202412
FLEXIBLE BUSINESS SYSTEMS · Recordkeeping · Consulting$15,446
RASHANNA JOHNSON$74,174
CALIBRE CPA GROUP, PLLC · Accounting / audit$59,028
GLEN CAMISA$51,383
REYNOLDS CONSULTING SERVICES · Investment advisory (plan)$35,200
COLLERAN, O'HARA & MILLS LLP · Legal$34,931
CARLOS ANDRADE$31,009
ROBERT KATUNA$28,792
DATA RESEARCH GROUP · Other services$22,941
PROSKAUER ROSE LLP · Legal$20,353
SCHULTHEIS & PANETTIERI, LLP · Accounting / audit$19,765
SYNTONIC SYSTEM, INC · Other services$7,220

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

Recordkeeper by year2
2024FLEXIBLE BUSINESS SYSTEMS
2023FLEXIBLE BUSINESS SYSTEMS

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

Administrative cost history3
2024$755,208 · 0.13%
2023$718,294 · 0.13%
2022$696,084 · 0.12%
Similar plansConstruction · New York
Board of Trustees I.U.O.E. Local 14-14B Annuity Fund NY$855.1M · 0.09%
Board of Trustees Steamfitters' Industry Supplemental Retirement NY$724.4M · 0.13%
Board of Trustees Local 580 Annuity Fund NY$694.6M · 0.31%
Bd of Trustees Iuoe Local 30 Annuity Fund NY$613.4M · 0.45%
Board of Trust of the Annuity Fd of the Electrical Industry of Li NY$445.4M · 0.30%
Board of Trustees of I.B.E.W. Local 25 401K Fund NY$428.4M · 0.33%
Sto Building Group, Inc. NY$402.3M · 0.18%
Pavers & Road Builders Dc Annuity Fund NY$331.7M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133073165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.