Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of United Workers Pension Fund401(k)

UNITED WORKERS PENSION FUND · UNIONDALE, NY · plan year 2024

Reported admin expense ratio · 2024
1.00%

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

Board of Trustees of United Workers Pension Fund reported $195,325 in plan administrative expenses for 2024: 1.00% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,010 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 1.15% to 1.00%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 2,417th-largest of 5,648 plans among New York employers on file, and the 1,375th of 5,215 in retail trade. In 2024, the employer put in $7.38 for every $1.00 employees contributed themselves; active participation has grown from 389 to 690 since 2022.

Plan summary
Net assets, end of year$21,505,872
Participants with balances1,010
Active participants690
Employer contributions$2,766,594
Employee contributions$374,790
Employer contribution per active participant$4,010
Average account balance$21,293
Benefits paid to participants$1,115,973
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 1,010 accts · $2.8M emplr
2023$17.4M · 1,079 accts · $2.2M emplr
2022$13.5M · 1,079 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Investment management$14,316
Audit (IQPA)$22,131
Total administrative$195,325
The Board of Trustees of United Workers Pension Fund 401(k) match · 2024
Employer contribution per active participant$4,010
Median for plans this size$2,416
2024$4,010 per active participant
2023$5,728 per active participant
2022$6,145 per active participant

Board of Trustees of United Workers Pension Fund'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 · 20245
USI CONSULTING GRP · Claims processing · Recordkeeping$95,419
MCCARTHY & PREECE PLLC · Legal$36,000
WEAVER & TIDWELL, LLP · Accounting / audit$20,000
ANDREW FAIR, ESQ. · Trustee$14,400
DICKINSON GROUP LLC · Investment management$14,316

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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Administrative cost history3
2024$195,325 · 1.00%
2023$170,110 · 1.10%
2022$159,337 · 1.15%
Similar plansRetail Trade · New York
Steet/Ponte, Inc. NY$21.9M · 0.55%
Christian Louboutin, LLC NY$21.7M · 0.66%
Namdor, Inc. NY$21.6M · 0.07%
Slomin's, Inc. NY$21.3M · 0.01%
Barkbox, Inc. NY$21.1M · 0.81%
The Farmer's Dog, Inc. NY$20.9M · 0.23%
Gagosian Gallery, Inc. NY$20.4M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841655235 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.