Plan Ledger DOL Form 5500 · updated monthly

Trustees of Plasterers' Local No. 8 Annuity FundDC plan

PLASTERERS' LOCAL NO. 8 ANNUITY FUND · PHILADELPHIA, PA · plan year 2023

Reported admin expense ratio · 2023
1.30%

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

Trustees of Plasterers' Local No. 8 Annuity Fund reported $211,861 in plan administrative expenses for 2023: 1.30% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,301 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 1.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 1,706th-largest of 3,651 plans among Pennsylvania employers on file, and the 2,278th of 5,337 in construction.

Plan summary
Net assets, end of year$16,870,044
Participants with balances219
Active participants198
Employer contributions$1,049,583
Employee contributions—
Employer contribution per active participant$5,301
Average account balance$77,032
Benefits paid to participants$1,311,407
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 196 accts · $990K emplr
2023$16.9M · 219 accts · $1.0M emplr
2022$15.7M · 224 accts · $877K emplr
Administrative expenses, itemized · 2023
Investment management$66,813
Audit (IQPA)$24,350
Total administrative$211,861
Employer contributions to the Trustees of Plasterers' Local No. 8 Annuity Fund plan · 2023
Employer contribution per active participant$5,301
Median for plans this size$2,440
2024$5,720 per active participant
2023$5,301 per active participant
2022$4,256 per active participant

Trustees of Plasterers' Local No. 8 Annuity Fund'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 · 20236
BRIDGEWAY BENEFIT TECHNOLOGIES · Recordkeeping$9,168
EMPOWER ANNUITY INSURANCE COMPANY · Other services$39,313
INVESTMENT PERFORMANCE SERVICES LLC · Investment management$27,500
NOVAK FRANCELLA, LLC · Accounting / audit$24,350
SUSANIN, WIDMAN, & BRENNAN · Legal$13,211
JOE MOSKAUSKIindirect comp

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$229,841 · 1.38%
2023$211,861 · 1.30%
2022$209,644 · 1.34%
Similar plansConstruction · Pennsylvania
Klover Sepa Inc. PA$17.9M · 0.47%
Climatech, Inc. PA$17.6M · 0.41%
Frey Lutz Corp. PA$17.1M · 0.51%
Houck Services, Inc. PA$16.2M · 0.20%
Dentech Industrial PA$16.1M · 0.34%
Allegheny Millwork PA$16.1M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 236929739 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.