ANNUITY FUND OF LOCAL 274 · PARSIPPANY, NJ · plan year 2024
Reported admin expense ratio · 2024
0.54%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Plumbing & Pipefitting Ind Afl reported $856,194 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~90% of peers. Employer contributions averaged $15,139 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 0.54%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 257th-largest of 2,419 plans among New Jersey employers on file, and the 401st of 5,337 in construction.
Plan summary
Net assets, end of year$166,714,248
Participants with balances683
Active participants322
Employer contributions$4,874,722
Employee contributions—
Employer contribution per active participant$15,139
Average account balance$244,091
Benefits paid to participants$7,762,915
Plan auditUnmodified (clean) audit opinion
AuditorDAVID A GERSON CPA & ASSOCIATES PC
Plan history3
Yearassets · accounts · employer contribution
2024$166.7M · 683 accts · $4.9M emplr
2023$151.9M · 716 accts · $4.5M emplr
2022$140.5M · 736 accts · $4.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$185,951
Investment management$546,963
Audit (IQPA)$54,416
Total administrative$856,194
Employer contributions to the Plumbing & Pipefitting Ind Afl plan · 2024
Employer contribution per active participant$15,139
Median for plans this size$3,635
2024$15,139 per active participant
2023$11,072 per active participant
2022$12,186 per active participant
Plumbing & Pipefitting Ind Afl's 2024 employer contribution ran above the $3,635 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
BASIL CASTROVINCI ASSOCIATES INC · Plan administrator$185,951
BOYD WATTERSON GSA FUND LP$111,303
ULLICO INFRASTRUCTURE FUND$82,811
CRESCENT CAPITAL · Investment management$80,538
DAVID A GERSON CPA & ASSOCIATES, PC · Accounting / audit$54,416
Source: U.S. Department of Labor, Form 5500 series, EIN 222361111 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.