Plan Ledger DOL Form 5500 · updated monthly

Local 143 Annuity FundProfit-sharing plan

LOCAL 143 ANNUITY FUND 333 SYLVAN AVENUE - STE 400 ENGLEWOOD CLIFFS, NJ 07632-2724 · ENGLEWOOD CLIFFS, NJ · plan year 2024

Reported admin expense ratio · 2024
2.09%

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

Local 143 Annuity Fund reported $39,308 in plan administrative expenses for 2024: 2.09% of average plan assets, higher than ~90% of peers. Employer contributions averaged $928 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 2.76% to 2.09%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New Jersey (2,150th of 2,419), and 2,871st of 3,341 in other services. active participation has shrunk from 543 to 247 since 2022.

Plan summary
Net assets, end of year$1,979,145
Participants with balances592
Active participants247
Employer contributions$229,213
Employee contributions—
Employer contribution per active participant$928
Average account balance$3,343
Benefits paid to participants$64,855
Plan auditUnmodified (clean) audit opinion
AuditorMSPC CPAS AND ADVISORS, PC
Plan history3
Yearassets · accounts · employer contribution
2024$2.0M · 592 accts · $229K emplr
2023$1.8M · 573 accts · $218K emplr
2022$1.6M · 543 accts · $197K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,600
Audit (IQPA)$6,800
Trustee / custodial$65
Total administrative$39,308
Employer contributions to the Local 143 Annuity Fund plan · 2024
Employer contribution per active participant$928
Median for plans this size$1,313
2024$928 per active participant
2023$944 per active participant
2022$362 per active participant

Local 143 Annuity Fund's 2024 employer contribution ran below the $1,313 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
MSPC CPAS AND ADVISORS P.C. · Accounting / audit$6,800

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$39,308 · 2.09%
2023$45,303 · 2.68%
2022$42,943 · 2.76%
Similar plansOther Services · New Jersey
Faps, Inc. NJ$3.4M · 0.99%
Tr Spa Inc NJ$2.7M · 1.57%
Ennoble Care LLC NJ$2.6M · 1.20%
Pennreach Inc NJ$1.0M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112732626 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.