Plan Ledger DOL Form 5500 · updated monthly

International Association of Heat & Frost Insulators Asbestos WorkersProfit-sharing plan

INTL ASSN OF HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL NO. 26 ANNUITY PLAN · ROCHESTER, NY · plan year 2024

Reported admin expense ratio · 2024
1.21%

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

International Association of Heat & Frost Insulators Asbestos Workers reported $99,920 in plan administrative expenses for 2024: 1.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,057 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 1.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (3,805th of 5,648), and 3,289th of 5,337 in construction.

Plan summary
Net assets, end of year$8,700,563
Participants with balances145
Active participants52
Employer contributions$366,967
Employee contributions—
Employer contribution per active participant$7,057
Average account balance$60,004
Benefits paid to participants$200,105
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 145 accts · $367K emplr
2023$7.8M · 136 accts · $325K emplr
2022$7.2M · 137 accts · $323K emplr
Administrative expenses, itemized · 2024
Investment management$40,674
Audit (IQPA)$12,900
Total administrative$99,920
Employer contributions to the International Association of Heat & Frost Insulators Asbestos Workers plan · 2024
Employer contribution per active participant$7,057
Median for plans this size$1,313
2024$7,057 per active participant
2023$6,623 per active participant
2022$6,589 per active participant

International Association of Heat & Frost Insulators Asbestos Workers's 2024 employer contribution ran above the $1,313 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 · 20246
BPAS, INC. · Recordkeeping$6,250
MERRILL LYNCH · Investment management$40,674
INTN'L HEAT& FROST LOCAL 26 PENSION · Other services$25,860
BONADIO & CO., LLP · Accounting / audit$12,900
ROBERT PIZZO, ESQ. · Legal$8,059
IA OF H&F INSULATORS LOCAL UNION 26 · Other services$5,367

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$99,920 · 1.21%
2023$88,555 · 1.18%
2022$87,958 · 1.26%
Similar plansConstruction · New York
Dow Electric, Inc. NY$9.4M · 0.73%
Bp Air Conditioning Corp. NY$9.3M · 0.18%
Granite Comfort LP NY$8.9M · 0.96%
Rozell Industries, Inc. NY$8.1M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161339808 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.