Plan Ledger DOL Form 5500 · updated monthly

Cement Masons Local Union No 111Money purchase plan

CEMENT MASONS LOCAL UNION NO. 111 PENSION FUND · TONAWANDA, NY · plan year 2024

Reported admin expense ratio · 2024
2.51%

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

Cement Masons Local Union No 111 reported $280,392 in plan administrative expenses for 2024: 2.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $8,162 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 2.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New York (3,453rd of 5,648), and 3,879th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$11,182,733
Participants with balances140
Active participants102
Employer contributions$832,524
Employee contributions—
Employer contribution per active participant$8,162
Average account balance$79,877
Benefits paid to participants$1,624,642
Plan auditUnmodified (clean) audit opinion
AuditorEFPR GROUP, CPAS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.2M · 140 accts · $833K emplr
2023$11.1M · 146 accts · $767K emplr
2022$10.4M · 105 accts · $826K emplr
Administrative expenses, itemized · 2024
Investment management$78,861
Total administrative$280,392
Employer contributions to the Cement Masons Local Union No 111 plan · 2024
Employer contribution per active participant$8,162
Median for plans this size$2,416
2024$8,162 per active participant
2023$8,619 per active participant
2022$8,017 per active participant

Cement Masons Local Union No 111'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
ADVANTAGE CAPITAL · Investment management$78,861
JOHN TOMASELLO$35,731
EFPR GROUP, CPAS, PLLC · Accounting / audit$19,875
LIPSITZ GREEN, ET, AL · Legal$7,432
KAREN MCKERNAN$16,640

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$280,392 · 2.51%
2023$271,350 · 2.52%
2022$269,057 · 2.61%
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Source: U.S. Department of Labor, Form 5500 series, EIN 160988061 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.