United Union of Roofers Local 8 Annuity FundProfit-sharing plan
UNITED UNION OF ROOFERS - LOCAL 8 ANNUITY FUND · LONG ISLAND CITY, NY · plan year 2024
Reported admin expense ratio · 2024
0.59%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
United Union of Roofers Local 8 Annuity Fund reported $1,071,203 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~90% of peers. Employer contributions averaged $12,032 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 0.63% to 0.59%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 490th-largest of 5,648 plans among New York employers on file, and the 92nd of 3,341 in other services. active participation has shrunk from 1,823 to 1,519 since 2022.
Plan summary
Net assets, end of year$189,045,867
Participants with balances3,569
Active participants1,519
Employer contributions$18,276,947
Employee contributions—
Employer contribution per active participant$12,032
Average account balance$52,969
Benefits paid to participants$12,620,843
Plan auditUnmodified (clean) audit opinion
AuditorMSPC CERTIFIED PUBLIC ACCOUNTANTS &
Plan history3
Yearassets · accounts · employer contribution
2024$189.0M · 3,569 accts · $18.3M emplr
2023$171.1M · 3,468 accts · $17.5M emplr
2022$156.1M · 3,407 accts · $17.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,934
Investment management$721,320
Audit (IQPA)$34,444
Trustee / custodial$40,666
Total administrative$1,071,203
Employer contributions to the United Union of Roofers Local 8 Annuity Fund plan · 2024
Employer contribution per active participant$12,032
Median for plans this size$3,635
2024$12,032 per active participant
2023$9,704 per active participant
2022$9,371 per active participant
United Union of Roofers Local 8 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 · 202412
OLD GLORY ASSET MANAGEMENT LLC · Investment management$217,780
Source: U.S. Department of Labor, Form 5500 series, EIN 116011299 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.