Plan Ledger DOL Form 5500 · updated monthly

Laborers' International Union of N.A. Local 17 Annuity FundProfit-sharing plan

LABORERS' LOCAL NO. 17 ANNUITY FUND · NEWBURGH, NY · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Laborers' International Union of N.A. Local 17 Annuity Fund reported $235,407 in plan administrative expenses for 2024: 0.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,581 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 0.35%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,062nd-largest of 5,648 plans among New York employers on file, and the 1,299th of 4,798 in finance & insurance. active participation has grown from 1,166 to 1,351 since 2022.

Plan summary
Net assets, end of year$70,334,629
Participants with balances1,450
Active participants1,351
Employer contributions$4,837,922
Employee contributions$0
Employer contribution per active participant$3,581
Average account balance$48,507
Benefits paid to participants$5,822,478
Plan auditUnmodified (clean) audit opinion
AuditorRBT CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$70.3M · 1,450 accts · $4.8M emplr
2023$64.2M · 1,409 accts · $4.5M emplr
2022$56.7M · 1,395 accts · $4.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$115,189
Audit (IQPA)$15,000
Total administrative$235,407
Employer contributions to the Laborers' International Union of N.A. Local 17 Annuity Fund plan · 2024
Employer contribution per active participant$3,581
Median for plans this size$3,635
2024$3,581 per active participant
2023$3,586 per active participant
2022$3,405 per active participant

Laborers' International Union of N.A. Local 17 Annuity Fund's 2024 employer contribution ran below the $3,635 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 · 20241
JOHN HANCOCK · Recordkeeping · Loan processing$97,962

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$235,407 · 0.35%
2023$265,380 · 0.44%
2022$223,178 · 0.36%
Similar plansFinance & Insurance · New York
Versant Health Holdco, Inc. NY$70.2M · 0.23%
National Bank of Canada NY$68.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141825397 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.