Board of Trustees of the Building Service 32BJ Supplemental401(k)
BUILDING SERVICE 32BJ SUPPLEMENTAL RETIREMENT SAVINGS PLAN · NEW YORK, NY · plan year 2024
Reported admin expense ratio · 2024
0.33%
Peer grade: D· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees of the Building Service 32BJ Supplemental reported $8,018,782 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~90% of peers. Employer contributions averaged $864 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 0.33%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other administrative & support services employers. By assets it is the 60th-largest of 5,648 plans among New York employers on file, and the 5th of 2,534 in administrative & support services. In 2024, employees put in $1.28 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$2,555,424,907
Participants with balances101,244
Active participants89,978
Employer contributions$77,746,179
Employee contributions$99,182,590
Employer contribution per active participant$864
Average account balance$25,240
Benefits paid to participants$204,785,646
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH+BROWN,P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$2.6B · 101,244 accts · $77.7M emplr
2023$2.3B · 99,306 accts · $60.9M emplr
2022$2.1B · 97,637 accts · $55.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,360,770
Investment management$96,000
Audit (IQPA)$43,000
Trustee / custodial$113,719
Total administrative$8,018,782
The Board of Trustees of the Building Service 32BJ Supplemental 401(k) match · 2024
Employer contribution per active participant$864
Median for plans this size$5,259
2024$864 per active participant
2023$683 per active participant
2022$658 per active participant
Board of Trustees of the Building Service 32BJ Supplemental's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Recordkeeper by year2
2024BREDHOFF & KAISER PLLC, CONVERGED TECHNOLOGY GROUP, DELL MARKETING L P, EPLUS TECHNOLOGY, INC., John Hancock, MICROSOFT CORPORATION, ORACLE AMERICA INC, WINMILL SOFTWARE
2023INSIGHT DIRECT USA, INC., John Hancock, LASTPASS US LP, MICROSOFT CORPORATION, ORACLE AMERICA INC, WINMILL SOFTWARE
This plan has changed recordkeepers within these filings. If you left Board of Trustees of the Building Service 32BJ Supplemental before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Administrative cost history3
2024$8,018,782 · 0.33%
2023$7,187,836 · 0.32%
2022$6,673,511 · 0.32%
Similar plansAdministrative & Support Services · New York
Source: U.S. Department of Labor, Form 5500 series, EIN 133507075 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.