Plan Ledger DOL Form 5500 · updated monthly

Ri Shipping Assn Intl Longshoremen' Assn Annuity Fund, Board of TrusteMoney purchase plan

RI SHIPPING ASSN INTL LONGSHOREMEN'S ASSN ANNUITY FUND · CRANSTON, RI · plan year 2023

Reported admin expense ratio · 2023
0.19%

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

Ri Shipping Assn Intl Longshoremen' Assn Annuity Fund, Board of Truste reported $37,725 in plan administrative expenses for 2023: 0.19% of average plan assets, below the peer median. Employer contributions averaged $11,667 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 1 year on file its reported administrative ratio fell from 0.32% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 113th-largest of 286 plans among Rhode Island employers on file, and the 679th of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$22,533,774
Participants with balances140
Active participants138
Employer contributions$1,610,043
Employee contributions—
Employer contribution per active participant$11,667
Average account balance$160,956
Benefits paid to participants$890,212
Plan auditUnmodified (clean) audit opinion
AuditorWARD FISHER & CO.
Plan history2
Yearassets · accounts · employer contribution
2023$22.5M · 140 accts · $1.6M emplr
2022$16.6M · 146 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$14,112
Audit (IQPA)$15,600
Total administrative$37,725
Employer contributions to the Ri Shipping Assn Intl Longshoremen' Assn Annuity Fund, Board of Truste plan · 2023
Employer contribution per active participant$11,667
Median for plans this size$2,440
2023$11,667 per active participant
2022$7,899 per active participant

Ri Shipping Assn Intl Longshoremen' Assn Annuity Fund, Board of Truste's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
WARD FISHER & CO. · Accounting / audit$15,600
ADMINISTRATION SERVICES INC. · Contract administrator$14,112

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

Administrative cost history2
2023$37,725 · 0.19%
2022$48,879 · 0.32%
Similar plansTransportation & Warehousing · Rhode Island
Aar Aircraft Services, Inc. IL$22.7M · 0.14%
Ga Telesis, LLC FL$22.7M · 0.25%
Amerijet International, Inc FL$22.6M · 0.36%
Highline Grain Growers, Inc WA$22.6M · 0.22%
Gotwals, Inc. PA$22.5M · 0.59%
Al Warren Oil Company IN$22.3M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050498731 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.