Board of Trustees Rhode Island Laborers Annuity FundMoney purchase plan
RHODE ISLAND LABORERS ANNUITY FUND · CRANSTON, RI · plan year 2024
Reported admin expense ratio · 2024
0.30%
Peer grade: C· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees Rhode Island Laborers Annuity Fund reported $723,267 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,706 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 0.302%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 24th-largest of 286 plans among Rhode Island employers on file, and the 263rd of 5,337 in construction.
Plan summary
Net assets, end of year$253,272,131
Participants with balances0
Active participants9,546
Employer contributions$25,832,973
Employee contributions—
Employer contribution per active participant$2,706
Average account balance—
Benefits paid to participants$17,556,489
Plan auditUnmodified (clean) audit opinion
AuditorWARD, FISHER & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$253.3M · $25.8M emplr
2023$226.1M · 9,172 accts · $22.2M emplr
2022$194.5M · 9,169 accts · $21.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,000
Investment management$374,715
Audit (IQPA)$25,800
Trustee / custodial$59,603
Total administrative$723,267
Employer contributions to the Board of Trustees Rhode Island Laborers Annuity Fund plan · 2024
Employer contribution per active participant$2,706
Median for plans this size$3,635
2024$2,706 per active participant
2023$2,418 per active participant
2022$2,349 per active participant
Board of Trustees Rhode Island Laborers Annuity Fund's 2024 employer contribution ran below the $3,635 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 · 202411
LOOP CAPITAL ASSET MANAGEMENT · Investment management$183,008
Source: U.S. Department of Labor, Form 5500 series, EIN 050417267 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.