Tmt Bac Local Union #7Profit-sharing plan

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

Tmt Bac Local Union #7 reported $3,508,816 in plan administrative expenses for 2024: 1.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $8,577 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 0.99% to 1.71%. 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 443rd-largest of 5,648 plans among New York employers on file, and the 320th of 5,337 in construction. active participation has shrunk from 1,462 to 1,191 since 2022.