Plan Ledger DOL Form 5500 · updated monthly

Trustees of Laborers Local No. 1822 Defined Contribution PlanProfit-sharing plan

LABORERS LOCAL NO. 1822 DEFINED CONTRIBUTION PLAN · SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
1.89%

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

Trustees of Laborers Local No. 1822 Defined Contribution Plan reported $110,040 in plan administrative expenses for 2024: 1.89% of average plan assets, higher than ~90% of peers. Employer contributions averaged $626 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 2.09% to 1.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (4,233rd of 5,648), and 3,712th of 5,337 in construction.

Plan summary
Net assets, end of year$6,245,084
Participants with balances1,214
Active participants1,214
Employer contributions$760,333
Employee contributions—
Employer contribution per active participant$626
Average account balance$5,144
Benefits paid to participants$433,336
Plan auditUnmodified (clean) audit opinion
AuditorD'ARCANGELO & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 1,214 accts · $760K emplr
2023$5.4M · 1,211 accts · $697K emplr
2022$4.7M · 1,189 accts · $706K emplr
Administrative expenses, itemized · 2024
Investment management$15,988
Audit (IQPA)$11,900
Total administrative$110,040
Employer contributions to the Trustees of Laborers Local No. 1822 Defined Contribution Plan plan · 2024
Employer contribution per active participant$626
Median for plans this size$1,313
2024$626 per active participant
2023$576 per active participant
2022$593 per active participant

Trustees of Laborers Local No. 1822 Defined Contribution Plan's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20244
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (plan) · Custodial (securities)$15,988
D'ARCANGELO & CO., LLP · Accounting / audit$11,900
BLITMAN & KING · Legal$10,385
JOSEPH W. MCCARTHY & ASSOCIATES · Accounting / audit$6,933

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

Administrative cost history3
2024$110,040 · 1.89%
2023$105,363 · 2.09%
2022$102,388 · 2.09%
Similar plansConstruction · New York
More Consulting Corp. NY$6.7M · 0.47%
Trenmor LLC dba Linesight NY$6.4M · 0.55%
Ferrandino & Son, Inc. NY$6.2M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161607418 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.