Plan Ledger DOL Form 5500 · updated monthly

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.

Service providers · 202412
BRIDGEWAY BENEFIT TECHNOLOGIES LLC · Recordkeeping$25,534
NORTH ATLANTIC STATES CARP PENSION · Contract administrator$2,195,941
LOOMIS SAYLES & COMPANY, LP$443,965
MEKETA INVESTMENT GROUP, INC. · Investment advisory (plan)$259,462
BNY MELLON INVESTMENT ADVISOR, INC.$250,719
BANK OF AMERICA MERRILL LYNCH · Contract administrator$229,549
INVESCO ADVISERS, INC$215,927
AMERICAN REALTY ADVISORS · Investment management$150,971
BLACKROCK INSTITUTIONAL TRUST CO. · Trustee · Trustee (discretionary)$103,982
LOOMIS SAYLES TRUST COMPANY, LP$93,120
KRAKOW, SOURIS & LANDRY, LLC · Legal$87,500
BEERS, HAMERMAN, COHEN & BURGER P.C · Accounting / audit$75,296

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024BRIDGEWAY BENEFIT TECHNOLOGIES LLC
2023BRIDGEWAY BENEFIT TECHNOLOGIES LLC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$6,735,950 · 0.51%
2023$6,995,330 · 0.56%
2022$6,508,899 · 0.50%
Same employer
Similar plansConstruction · Connecticut
Emcor Group, Inc. CT$1.7B · 0.04%
D.R. Horton, Inc. TX$1.4B · 0.09%
Nvr, Inc. VA$1.3B · 0.00%

Why are you looking at this plan?

Compare

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.