Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Annuity Plan of the Electrical IndustryProfit-sharing plan

ANNUITY PLAN OF THE ELECTRICAL INDUSTRY · FLUSHING, NY · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Board of Trustees of the Annuity Plan of the Electrical Industry reported $7,111,811 in plan administrative expenses for 2024: 0.32% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,387 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 0.42% to 0.32%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other construction employers. By assets it is the 64th-largest of 5,648 plans among New York employers on file, and the 16th of 5,337 in construction.

Plan summary
Net assets, end of year$2,282,172,745
Participants with balances39,697
Active participants17,860
Employer contributions$96,208,347
Employee contributions—
Employer contribution per active participant$5,387
Average account balance$57,490
Benefits paid to participants$145,631,827
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.3B · 39,697 accts · $96.2M emplr
2023$2.2B · 40,310 accts · $93.7M emplr
2022$2.0B · 41,103 accts · $83.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,043,845
Investment management$2,711,553
Audit (IQPA)$5,000
Trustee / custodial$32,757
Total administrative$7,111,811
Employer contributions to the Board of Trustees of the Annuity Plan of the Electrical Industry plan · 2024
Employer contribution per active participant$5,387
Median for plans this size$5,259
2024$5,387 per active participant
2023$5,146 per active participant
2022$4,407 per active participant

Board of Trustees of the Annuity Plan of the Electrical Industry's 2024 employer contribution ran above the $5,259 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
EMPOWER RETIREMENT LLC · Recordkeeping$6,000
JOINT INDUSTRY BOARD · Plan administrator$4,037,845
STATE STREET BANK & TRUST CO · Investment management$826,527
SEIX INVESTMENTS ADVISORS LLC · Investment management$352,713
PGIM, INC. · Investment management$349,113
ASB CAPITAL MANAGEMENT LLC · Investment management$268,018
BLACKROCK INSTITUTIONAL TRUST CO NA · Trustee · Trustee (discretionary)$244,059
NEW YORK LIFE INSURANCE CO · Investment management$238,462
PRINCIPAL GLOBAL INVESTORS LLC · Investment management$207,284
INSIGHT NORTH AMERICA LLC · Investment management$160,942
ALLIANT INSURANCE SERVICES, INC. · Insurance services$54,903
H&H GRAPHIC PRINTING COMMUNICATIONS$52,873

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$7,111,811 · 0.32%
2023$6,760,612 · 0.33%
2022$8,307,409 · 0.42%
Similar plansConstruction · New York
The Turner Corporation NY$2.8B · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 136123600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.