Board of Trustees Iron Workers Locals 40, 361 & 417 Annuity FundMoney purchase plan

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

Board of Trustees Iron Workers Locals 40, 361 & 417 Annuity Fund reported $3,827,253 in plan administrative expenses for 2024: 0.32% of average plan assets, higher than ~90% of peers. Employer contributions averaged $23,551 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 0.27% to 0.32%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other construction employers. By assets it is the 101st-largest of 5,648 plans among New York employers on file, and the 49th of 5,337 in construction. active participation has shrunk from 4,998 to 2,187 since 2022.