Plan Ledger DOL Form 5500 · updated monthly

Iron Workers Local Union 60 Annuity Pension Fund Board of TrusteesProfit-sharing plan

IRON WORKERS LOCAL UNION 60 ANNUITY PENSION PLAN · SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Iron Workers Local Union 60 Annuity Pension Fund Board of Trustees reported $148,308 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $4,109 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 0.42% to 0.37%. 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 the 1,555th-largest of 5,648 plans among New York employers on file, and the 1,908th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$41,611,932
Participants with balances379
Active participants410
Employer contributions$1,684,549
Employee contributions—
Employer contribution per active participant$4,109
Average account balance$109,794
Benefits paid to participants$2,450,385
Plan auditUnmodified (clean) audit opinion
AuditorDERMODY, BURKE & BROWN, CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$41.6M · 379 accts · $1.7M emplr
2023$38.5M · 377 accts · $1.4M emplr
2022$34.3M · 370 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,093
Investment management$15,500
Audit (IQPA)$12,350
Total administrative$148,308
Employer contributions to the Iron Workers Local Union 60 Annuity Pension Fund Board of Trustees plan · 2024
Employer contribution per active participant$4,109
Median for plans this size$2,416
2024$4,109 per active participant
2023$3,592 per active participant
2022$4,325 per active participant

Iron Workers Local Union 60 Annuity Pension Fund Board of Trustees's 2024 employer contribution ran above the $2,416 median for plans its size. 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
JOHN HANCOCK RETIREMENT PLAN SRVCS · Recordkeeping · Loan processing$43,759
BLITMAN & KING · Other services$35,031
IRON WORKERS LOCAL 60$28,077
UPSTATE ADVISORS, INC. · Investment advisory (participants)$15,500
MASTERPOLE AND MURPHY AGENCY · Insurance broker$11,257

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$148,308 · 0.37%
2023$146,016 · 0.40%
2022$139,796 · 0.42%
Similar plansFinance & Insurance · New York
Brevan Howard Inc. NY$43.5M · 0.27%
Third Point LLC NY$42.6M · 0.21%
Ibew Local Union 325 NY$41.9M · 0.81%
Dailypay, Inc. NY$41.5M · 0.45%
Squarepoint Services US LLC NY$41.3M · 0.04%
Seneca Holdings, LLC NY$41.0M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161136534 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.