Plan Ledger DOL Form 5500 · updated monthly

Painters Annuity Council No. 35 Annuity FundMoney purchase plan

PAINTERS AND ALLIED TRADES DISTRICT COUNCIL NO.35 ANNUITY FUND · ROSLINDALE, MA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Painters Annuity Council No. 35 Annuity Fund reported $2,193,669 in plan administrative expenses for 2024: 0.43% of average plan assets, higher than ~90% of peers. Employer contributions averaged $14,286 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 0.47% to 0.43%. 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 111th-largest of 2,726 plans among Massachusetts employers on file, and the 134th of 5,337 in construction.

Plan summary
Net assets, end of year$524,901,936
Participants with balances6,176
Active participants2,820
Employer contributions$40,286,526
Employee contributions—
Employer contribution per active participant$14,286
Average account balance$84,991
Benefits paid to participants$37,912,024
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$524.9M · 6,176 accts · $40.3M emplr
2023$489.4M · 6,140 accts · $41.1M emplr
2022$445.0M · 6,051 accts · $39.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,206
Investment management$1,209,876
Audit (IQPA)$33,100
Trustee / custodial$51,315
Total administrative$2,193,669
Employer contributions to the Painters Annuity Council No. 35 Annuity Fund plan · 2024
Employer contribution per active participant$14,286
Median for plans this size$4,294
2024$14,286 per active participant
2023$13,579 per active participant
2022$13,578 per active participant

Painters Annuity Council No. 35 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
MIDIOR CONSULTING, INC. · Recordkeeping$17,902
BRIDGEWAY BENEFIT TECHNOLOGIES · Recordkeeping$15,788
BLUE HARBOR TECHNOLOGY · Recordkeeping$12,519
PDC ADMINISTRATIVE FUND · Other services$550,296
SUN LIFE CAPITAL MANAGEMENT LLC · Investment management$317,783
AMERICAN REALTY ADVISORS · Investment management$257,664
J.P. MORGAN INVESTMENT MANAGEMENT · Investment management$149,933
ULLICO INVESTMENT ADVISORS INC · Investment management$119,359
PUNCH & ASSOCIATES INVESTMENT MGT · Investment management$72,019
MEKETA INVESTMENT GROUP · Investment advisory (plan)$71,250
BNY MELLON ASSET MANAGEMENT CAYMAN · Investment management$69,588
LOOMIS SAYLES TRUST COMPANY · Investment management$53,693

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

Recordkeeper by year2
2024BLUE HARBOR TECHNOLOGY, BRIDGEWAY BENEFIT TECHNOLOGIES, MIDIOR CONSULTING, INC.
2023BRIDGEWAY BENEFIT TECHNOLOGIES

This plan has changed recordkeepers within these filings. If you left Painters Annuity Council No. 35 Annuity Fund before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,193,669 · 0.43%
2023$2,323,992 · 0.50%
2022$2,020,781 · 0.47%
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Source: U.S. Department of Labor, Form 5500 series, EIN 222489316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.