Plan Ledger DOL Form 5500 · updated monthly

Massachusetts Bricklayers & Masons Annuity FundMoney purchase plan

MASSACHUSETTS BRICKLAYERS & MASONS ANNUITY FUND · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Massachusetts Bricklayers & Masons Annuity Fund reported $762,141 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~90% of peers. Employer contributions averaged $16,010 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 0.32% to 0.28%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 194th-largest of 2,726 plans among Massachusetts employers on file, and the 248th of 5,337 in construction. active participation has shrunk from 2,120 to 1,224 since 2022.

Plan summary
Net assets, end of year$273,148,202
Participants with balances2,927
Active participants1,224
Employer contributions$19,596,276
Employee contributions$0
Employer contribution per active participant$16,010
Average account balance$93,320
Benefits paid to participants$22,217,030
Plan auditUnmodified (clean) audit opinion
AuditorMANZI & ASSOCIATES L.L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$273.1M · 2,927 accts · $19.6M emplr
2023$262.6M · 2,923 accts · $20.5M emplr
2022$236.7M · 2,888 accts · $20.0M emplr
Administrative expenses, itemized · 2024
Investment management$110,015
Audit (IQPA)$22,225
Total administrative$762,141
Employer contributions to the Massachusetts Bricklayers & Masons Annuity Fund plan · 2024
Employer contribution per active participant$16,010
Median for plans this size$4,294
2024$16,010 per active participant
2023$9,686 per active participant
2022$9,444 per active participant

Massachusetts Bricklayers & Masons Annuity Fund's 2024 employer contribution ran above the $4,294 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.

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 · 202412
BRIDGEWAY BENEFIT PARTNERS · Recordkeeping$46,335
SSGA · Custodial · Custodial (securities)$99,209
C. RASO II · Plan administrator$81,336
PRISA LP · Investment management$73,515
PRU CORE BOND FUND · Investment management$58,103
M. ROSE$46,514
K. HARVEY$44,613
C. DAMIGELLA$34,806
SEGAL MARCO ADVISORS · Investment advisory (plan)$32,500
FEINBERG DUMONT & BRENNAN · Legal$24,397
MANZI & ASSOCIATES · Accounting / audit$22,225
W. BEAUDRY$20,316

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$762,141 · 0.28%
2023$734,078 · 0.29%
2022$778,716 · 0.32%
Similar plansConstruction · Massachusetts
Dn Tanks, LLC MA$117.9M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 046375393 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.