North Atlantic States Carpenters Annuity PlanProfit-sharing plan
NORTH ATLANTIC STATES CARPENTERS ANNUITY PLAN · HAMDEN, CT · plan year 2024
Reported admin expense ratio · 2024
0.51%
Peer grade: C+· admin costs + employer contributions vs same-size plans · how grading works
North Atlantic States Carpenters Annuity Plan reported $6,735,950 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,903 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 0.51%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other construction employers. By assets it is the 23rd-largest of 1,106 plans among Connecticut employers on file, and the 39th of 5,337 in construction. In 2024, the employer put in $6731.06 for every $1.00 employees contributed themselves.
Plan summary
Net assets, end of year$1,339,408,442
Participants with balances27,161
Active participants10,262
Employer contributions$60,579,529
Employee contributions$9,000
Employer contribution per active participant$5,903
Average account balance$49,314
Benefits paid to participants$105,589,546
Plan auditUnmodified (clean) audit opinion
AuditorBEERS HAMERMAN COHEN & BURGER PC
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 27,161 accts · $60.6M emplr
2023$1.3B · 26,879 accts · $60.4M emplr
2022$1.2B · 26,964 accts · $63.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,310,175
Investment management$3,751,966
Audit (IQPA)$71,815
Trustee / custodial$247,251
Total administrative$6,735,950
Employer contributions to the North Atlantic States Carpenters Annuity Plan plan · 2024
Employer contribution per active participant$5,903
Median for plans this size$5,259
2024$5,903 per active participant
2023$5,680 per active participant
2022$5,778 per active participant
North Atlantic States Carpenters Annuity Plan's 2024 employer contribution ran above the $5,259 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 061308364 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.