Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Roofers & Waterproofers Local 37 Annuity FunMoney purchase plan

ROOFERS & WATERPROOFERS LOCAL 37 ANNUITY FUND · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Board of Trustees of the Roofers & Waterproofers Local 37 Annuity Fun reported $119,664 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,587 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 0.68%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,626th-largest of 3,651 plans among Pennsylvania employers on file, and the 2,165th of 5,337 in construction.

Plan summary
Net assets, end of year$18,176,335
Participants with balances311
Active participants298
Employer contributions$770,950
Employee contributions—
Employer contribution per active participant$2,587
Average account balance$58,445
Benefits paid to participants$1,800,359
Plan auditUnmodified (clean) audit opinion
AuditorCYPHER & CYPHER
Plan history3
Yearassets · accounts · employer contribution
2024$18.2M · 311 accts · $771K emplr
2023$17.1M · 303 accts · $620K emplr
2022$15.2M · 297 accts · $640K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,400
Investment management$21,000
Audit (IQPA)$7,804
Total administrative$119,664
Employer contributions to the Board of Trustees of the Roofers & Waterproofers Local 37 Annuity Fun plan · 2024
Employer contribution per active participant$2,587
Median for plans this size$2,416
2024$2,587 per active participant
2023$2,146 per active participant
2022$2,244 per active participant

Board of Trustees of the Roofers & Waterproofers Local 37 Annuity Fun'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
ZENITH AMERICAN SOLUTIONS INC · Contract administrator$56,400
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$21,000
STEPHEN J. O'BRIEN & ASSOCIATES · Legal$9,488
CYPHER & CYPHER · Accounting / audit$7,804

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$119,664 · 0.68%
2023$122,485 · 0.76%
2022$112,505 · 0.65%
Similar plansConstruction · Pennsylvania
Glasgow, Inc. PA$18.5M · 0.01%
Warfel Construction Company PA$18.5M · 0.48%
James Craft & Son, Inc. PA$18.4M · 0.09%
Klover Sepa Inc. PA$17.9M · 0.47%
Climatech, Inc. PA$17.6M · 0.41%
Frey Lutz Corp. PA$17.1M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 256145217 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.