Plan Ledger DOL Form 5500 · updated monthly

Bricklayers Local Union No 1 of DelProfit-sharing plan

B.A.C. LOCAL I - DE/PA ANNUITY PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.99%

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

Bricklayers Local Union No 1 of Del reported $132,956 in plan administrative expenses for 2024: 0.99% of average plan assets, higher than ~90% of peers. Employer contributions averaged $13,671 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 rose from 0.92% to 0.99%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Pennsylvania (1,916th of 3,651), and the 1,337th of 3,341 in other services. active participation has shrunk from 118 to 102 since 2022.

Plan summary
Net assets, end of year$14,212,891
Participants with balances834
Active participants102
Employer contributions$1,394,406
Employee contributions—
Employer contribution per active participant$13,671
Average account balance$17,042
Benefits paid to participants$696,970
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 834 accts · $1.4M emplr
2023$12.7M · 765 accts · $1.2M emplr
2022$10.8M · 757 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,143
Investment management$56,281
Audit (IQPA)$9,761
Total administrative$132,956
Employer contributions to the Bricklayers Local Union No 1 of Del plan · 2024
Employer contribution per active participant$13,671
Median for plans this size$2,416
2024$13,671 per active participant
2023$10,348 per active participant
2022$9,442 per active participant

Bricklayers Local Union No 1 of Del's 2024 employer contribution ran above the $2,416 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 · 20245
STACEY BRAUN ASSOCIATES · Investment advisory (plan)$36,580
BRICKLAYERS BENEFIT PLAN · Contract administrator$27,708
PNC BANK · Custodial (securities)$19,701
ZENITH AMERICAN SOLUTIONS, INC. · Contract administrator$15,435
BELFINT, LYONS & SHUMAN · Accounting / audit$7,750

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$132,956 · 0.99%
2023$109,454 · 0.93%
2022$108,098 · 0.92%
Similar plansOther Services · Pennsylvania
Valley Youth House PA$15.9M · 0.57%
Clark Service Group, Inc. PA$15.7M · 0.45%
Aaa North Penn PA$14.6M · 0.45%
Lacarte Enterprises Inc PA$13.2M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510318935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.