Pavers & Road Builders Dc Annuity FundMoney purchase plan
PAVERS & ROAD BUILDERS DC ANNUITY FUND · WHITESTONE, NY · plan year 2024
Reported admin expense ratio · 2024
0.69%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Pavers & Road Builders Dc Annuity Fund reported $2,180,620 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $11,120 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 rose from 0.65% to 0.69%. 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 321st-largest of 5,648 plans among New York employers on file, and the 212th of 5,337 in construction.
Plan summary
Net assets, end of year$331,736,533
Participants with balances5,092
Active participants3,024
Employer contributions$33,628,354
Employee contributions—
Employer contribution per active participant$11,120
Average account balance$65,149
Benefits paid to participants$25,477,851
Plan auditUnmodified (clean) audit opinion
AuditorCASTIGLIA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$331.7M · 5,092 accts · $33.6M emplr
2023$304.7M · 4,722 accts · $29.8M emplr
2022$282.6M · 4,556 accts · $28.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$237,159
Investment management$912,423
Audit (IQPA)$45,467
Trustee / custodial$46,991
Total administrative$2,180,620
Employer contributions to the Pavers & Road Builders Dc Annuity Fund plan · 2024
Employer contribution per active participant$11,120
Median for plans this size$4,294
2024$11,120 per active participant
2023$10,584 per active participant
2022$9,353 per active participant
Pavers & Road Builders Dc 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 112629710 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.