Plan Ledger DOL Form 5500 · updated monthly

United Association Local 322 Annuity FundMoney purchase plan

U A LOCAL 322 ANNUITY FUND · HAMMONTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

United Association Local 322 Annuity Fund reported $331,150 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $4,254 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 0.22% to 0.23%. 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 276th-largest of 2,419 plans among New Jersey employers on file, and the 449th of 5,337 in construction.

Plan summary
Net assets, end of year$148,507,658
Participants with balances2,531
Active participants2,192
Employer contributions$9,325,058
Employee contributions—
Employer contribution per active participant$4,254
Average account balance$58,675
Benefits paid to participants$9,559,906
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$148.5M · 2,531 accts · $9.3M emplr
2023$139.6M · 2,462 accts · $8.4M emplr
2022$129.9M · 2,425 accts · $8.1M emplr
Administrative expenses, itemized · 2024
Investment management$27,083
Audit (IQPA)$35,350
Total administrative$331,150
Employer contributions to the United Association Local 322 Annuity Fund plan · 2024
Employer contribution per active participant$4,254
Median for plans this size$3,635
2024$4,254 per active participant
2023$3,865 per active participant
2022$3,989 per active participant

United Association Local 322 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 · 20247
UA LOCAL 322 HEALTH AND WELFARE FD · Other services$196,153
JOHN SHALOO$76,812
NOVAK FRANCELLA LLC · Accounting / audit$35,350
PFM ASSET MANAGEMENT LLC · Investment management$27,083
THE MCKEOGH COMPANY · Pension consulting$12,000
LINDABURDY,MCCORMICK,ESTABROOK,COOP · Legal$10,000
O'DONOGHUE & O'DONOGHUE LLP · Legal$9,275

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$331,150 · 0.23%
2023$348,739 · 0.26%
2022$280,672 · 0.22%
Similar plansConstruction · New Jersey
One Diversified, LLC NJ$128.2M · 0.05%
Albireo Energy, LLC NJ$114.9M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222708962 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.