Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Steamfitters' Industry Supplemental RetirementProfit-sharing plan

STEAMFITTERS' INDUSTRY SUPPLEMENTAL RETIREMENT FUND · LONG ISLAND CITY, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Board of Trustees Steamfitters' Industry Supplemental Retirement reported $879,236 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $9,818 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 0.20% to 0.13%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 160th-largest of 5,648 plans among New York employers on file, and the 89th of 5,337 in construction.

Plan summary
Net assets, end of year$724,365,299
Participants with balances3,774
Active participants3,555
Employer contributions$34,903,812
Employee contributions—
Employer contribution per active participant$9,818
Average account balance$191,936
Benefits paid to participants$62,737,242
Plan auditUnmodified (clean) audit opinion
AuditorLAPADULA, CARLSON & CO., CPA
Plan history3
Yearassets · accounts · employer contribution
2024$724.4M · 3,774 accts · $34.9M emplr
2023$636.4M · 3,836 accts · $31.9M emplr
2022$557.8M · 3,938 accts · $30.1M emplr
Administrative expenses, itemized · 2024
Investment management$60,000
Audit (IQPA)$15,000
Total administrative$879,236
Employer contributions to the Board of Trustees Steamfitters' Industry Supplemental Retirement plan · 2024
Employer contribution per active participant$9,818
Median for plans this size$4,294
2024$9,818 per active participant
2023$8,891 per active participant
2022$8,159 per active participant

Board of Trustees Steamfitters' Industry Supplemental Retirement's 2024 employer contribution ran above the $4,294 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 · 20248
VITECH SYSTEMS GROUP · Recordkeeping$74,546
WILLIAM J. TURNBULL$92,835
SEGAL MARCO ADVISORS · Investment advisory (plan)$60,000
DENNIS O'KANE$41,311
LAPADULA, CARLSON & CO., CPA · Accounting / audit$15,000
SEGAL SELECT INSURANCE SERVICES · Insurance broker$13,364
LINDABURY, MCCORMICK ESTABROOK & CO · Legal$7,548
CHUBB & SON · Insurance broker$7,147

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

Recordkeeper by year2
2024VITECH SYSTEMS GROUP
2023VITECH SYSTEMS GROUP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$879,236 · 0.13%
2023$1,301,649 · 0.22%
2022$1,304,303 · 0.20%
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Source: U.S. Department of Labor, Form 5500 series, EIN 133917806 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.