Joint Board of Trustees Heat and Frost Insulators and Allied WorkerProfit-sharing plan
HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL NO. 4 ANNUITY SAVINGS FUND · BUFFALO, NY · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Joint Board of Trustees Heat and Frost Insulators and Allied Worker reported $115,070 in plan administrative expenses for 2024: 0.99% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,276 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 1.12% to 0.99%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (3,305th of 5,648), and 2,779th of 5,337 in construction. active participation has grown from 71 to 81 since 2022.
Joint Board of Trustees Heat and Frost Insulators and Allied Worker'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 161068939 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.