Plan Ledger DOL Form 5500 · updated monthly

Trustees of Plumbers & Steamfitters Local 81 Annuity FundMoney purchase plan

PLUMBERS & STEAMFITTERS LOCAL 81 ANNUITY FUND · SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Trustees of Plumbers & Steamfitters Local 81 Annuity Fund reported $293,617 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,954 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 0.36% to 0.33%. 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 844th-largest of 5,648 plans among New York employers on file, and the 651st of 5,337 in construction. In 2024, the employer put in $5.33 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$93,139,013
Participants with balances1,373
Active participants1,184
Employer contributions$4,681,827
Employee contributions$877,795
Employer contribution per active participant$3,954
Average account balance$67,836
Benefits paid to participants$5,367,462
Plan auditUnmodified (clean) audit opinion
AuditorD'ARCANGELO & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$93.1M · 1,373 accts · $4.7M emplr
2023$85.1M · 1,287 accts · $4.8M emplr
2022$75.3M · 1,249 accts · $3.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$98,169
Investment management$21,930
Audit (IQPA)$22,500
Total administrative$293,617
Employer contributions to the Trustees of Plumbers & Steamfitters Local 81 Annuity Fund plan · 2024
Employer contribution per active participant$3,954
Median for plans this size$3,635
2024$3,954 per active participant
2023$4,361 per active participant
2022$3,182 per active participant

Trustees of Plumbers & Steamfitters Local 81 Annuity Fund's 2024 employer contribution ran above the $3,635 median for plans its size. 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 · 20245
BLITMAN & KING · Insurance broker$28,492
D'ARCANGELO & CO. LLP · Accounting / audit$22,500
MARCO CONSULTING · Investment management$21,930
JOSEPH W. MCCARTHY & ASSOCIATES$9,987

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$293,617 · 0.33%
2023$301,615 · 0.38%
2022$268,995 · 0.36%
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Source: U.S. Department of Labor, Form 5500 series, EIN 161103194 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.