Plan Ledger DOL Form 5500 · updated monthly

Plumbers & Pipefitters Local 773 Annuity FundProfit-sharing plan

PLUMBERS AND PIPEFITTERS LOCAL 773 ANNUITY FUND · GLENS FALLS, NY · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Plumbers & Pipefitters Local 773 Annuity Fund reported $117,879 in plan administrative expenses for 2024: 0.21% of average plan assets, above the peer median. Employer contributions averaged $8,856 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 0.24% to 0.21%. 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 1,234th-largest of 5,648 plans among New York employers on file, and the 940th of 5,337 in construction. In 2024, the employer put in $1159.50 for every $1.00 employees contributed themselves; active participation has shrunk from 645 to 450 since 2022.

Plan summary
Net assets, end of year$57,967,256
Participants with balances59
Active participants450
Employer contributions$3,985,194
Employee contributions$3,437
Employer contribution per active participant$8,856
Average account balance$982,496
Benefits paid to participants$3,245,450
Plan auditUnmodified (clean) audit opinion
AuditorD'ARCANGELO & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$58.0M · 59 accts · $4.0M emplr
2023$53.3M · 524 accts · $4.1M emplr
2022$45.4M · 551 accts · $4.9M emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$10,700
Total administrative$117,879
Employer contributions to the Plumbers & Pipefitters Local 773 Annuity Fund plan · 2024
Employer contribution per active participant$8,856
Median for plans this size$3,635
2024$8,856 per active participant
2023$6,156 per active participant
2022$7,609 per active participant

Plumbers & Pipefitters Local 773 Annuity Fund'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 · 20244
JOSEPH W. MCCARTHY · Accounting / audit$12,966
D'ARCANGELO & CO. LLP · Accounting / audit$10,700
KRAKOW, SOURIS & LANDRY, LLC · Legal$8,000

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$117,879 · 0.21%
2023$94,888 · 0.19%
2022$104,292 · 0.24%
Similar plansConstruction · New York
J.T. Magen & Company Inc. NY$64.8M · 0.22%
O'Connell Electric Co. NY$58.8M · 0.30%
Gil-Bar Industries Inc NY$56.3M · 0.28%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 141766942 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.