Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Nydcc Annuity Fd401(k)

NEW YORK DISTRICT COUNCIL OF CARPENTERS ANNUITY FD · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Board of Trustees of the Nydcc Annuity Fd reported $3,760,138 in plan administrative expenses for 2024: 0.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $10,714 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 0.12% to 0.10%. 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 44th-largest of 5,648 plans among New York employers on file, and the 5th of 5,337 in construction. In 2024, the employer put in $278.59 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$3,690,606,984
Participants with balances38,355
Active participants15,553
Employer contributions$166,629,283
Employee contributions$598,116
Employer contribution per active participant$10,714
Average account balance$96,222
Benefits paid to participants$250,736,103
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.7B · 38,355 accts · $166.6M emplr
2023$3.5B · 38,337 accts · $156.2M emplr
2022$3.2B · 38,636 accts · $161.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$550,066
Investment management$73,210
Audit (IQPA)$87,288
Total administrative$3,760,138
The Board of Trustees of the Nydcc Annuity Fd 401(k) match · 2024
Employer contribution per active participant$10,714
Median for plans this size$5,259
2024$10,714 per active participant
2023$9,716 per active participant
2022$9,725 per active participant

Board of Trustees of the Nydcc Annuity Fd's 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top 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.

Service providers · 20244
SCHULTHEIS & PANETTIERI LLP · Accounting / audit$87,288
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$71,026
KAUFF MCGUIRE & MARGOLIS LLP · Legal$34,813
THE SEGAL COMPANY (EASTERN STATES) · Actuarial$8,195

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

Administrative cost history3
2024$3,760,138 · 0.10%
2023$3,701,631 · 0.11%
2022$3,680,110 · 0.12%
Similar plansConstruction · New York
Fluor Corporation TX$3.5B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510174279 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.