Plan Ledger DOL Form 5500 · updated monthly

Trustees of the Marble,Tile and Terrazzo WorkersProfit-sharing plan

MARBLE,TILE AND TERRAZZO WORKERS INDIVIDUAL ACCOUNT FUND · LAUREL, MD · plan year 2024

Reported admin expense ratio · 2024
1.79%

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

Trustees of the Marble,Tile and Terrazzo Workers reported $169,551 in plan administrative expenses for 2024: 1.79% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,010 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 1.39% to 1.79%. 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 Maryland (1,005th of 1,671), and 3,123rd of 5,337 in construction. active participation has grown from 464 to 707 since 2022.

Plan summary
Net assets, end of year$9,770,699
Participants with balances2,152
Active participants707
Employer contributions$714,146
Employee contributions—
Employer contribution per active participant$1,010
Average account balance$4,540
Benefits paid to participants$434,454
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 2,152 accts · $714K emplr
2023$9.2M · 1,281 accts · $588K emplr
2022$8.4M · 2,189 accts · $647K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,920
Investment management$35,838
Audit (IQPA)$18,829
Trustee / custodial$1,262
Total administrative$169,551
Employer contributions to the Trustees of the Marble,Tile and Terrazzo Workers plan · 2024
Employer contribution per active participant$1,010
Median for plans this size$1,313
2024$1,010 per active participant
2023$1,229 per active participant
2022$1,394 per active participant

Trustees of the Marble,Tile and Terrazzo Workers's 2024 employer contribution ran below the $1,313 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 · 20247
BEACON ADMINISTRATORS & CONSULTANTS · Contract administrator$78,029
NOVAK FRANCELLA LLC · Accounting / audit$25,720
O'DONOGHUE & O'DONOGHUE · Legal$15,233
HARDMAN JOHNSTON GLOBAL ADVISORS · Investment management$14,506
INVESTMENT PERFORMANCE SERVICES LLC · Investment advisory (plan)$8,500
CHARTWELL INVESTMENT PARTNERS · Investment management$7,591
ASB CAPITAL · Investment management$5,241

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$169,551 · 1.79%
2023$168,810 · 1.92%
2022$120,046 · 1.39%
Similar plansConstruction · Maryland
Commercial Interiors, Inc. MD$10.3M · 0.47%
The Bartley Corporation MD$10.2M · 0.43%
R. W. Warner, Inc. MD$10.1M · 0.95%
Scaffold Resource, LLC MD$9.5M · 0.63%
R & F Metals, Inc. MD$9.5M · 0.44%
Hirsch Electric, LLC. MD$8.8M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521610630 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.