New York › Other services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
United Union of Roofers - Local 8 Annuity Fund
Sponsored by United Union of Roofers Local 8 Annuity Fund, Long Island City, NY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
United Union of Roofers Local 8 Annuity Fund of Long Island City, New York sponsors United Union of Roofers - Local 8 Annuity Fund, a profit-sharing plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 3,569 participants (1,519 active) and $189M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $52,969 per participant, above the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well above the $40,686 median for defined contribution plans in other services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $18.3M during the year, or $12,032 per active participant against a same-size median of $2,045; participants contributed —. Benefits paid out totalled $12.6M.
Schedule C lists 12 service provider organisations paid $5,000 or more, with reported compensation of $939K: $263 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $1.1M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $63.4M in 2009 to $189M in 2024 (up 198%), and participants from 2,117 to 3,569 (up 69%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $52,969 | $50,295 | $40,686 | $53,102 |
| Employer contributions per active participant | $12,032 | $2,045 | $2,024 | $2,175 |
| Schedule C compensation per participant | $263 | $82.08 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.50% | 0.17% | 0.30% | 0.26% |
| Administrative expenses per participant | $300 | $82.20 | $99.73 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), other services (2,675) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 3,569 | $189M | $52,969 | $18.3M | — | $939K |
| 2023 | 3,468 | $171M | $49,334 | $17.5M | — | $892K |
| 2022 | 3,407 | $156M | $45,803 | $17.1M | — | $894K |
| 2021 | 3,297 | $164M | $49,608 | $15.9M | — | $847K |
| 2020 | 3,233 | $148M | $45,722 | $13.5M | — | $785K |
| 2019 | 3,080 | $143M | $46,429 | $17.0M | — | $732K |
| 2018 | 2,893 | $123M | $42,384 | $12.9M | — | $710K |
| 2017 | 2,743 | $118M | $43,169 | $12.0M | — | $679K |
| 2016 | 2,299 | $108M | $46,799 | $10.4M | — | $593K |
| 2015 | 2,621 | $101M | $38,541 | $10.1M | — | $573K |
| 2014 | 2,518 | $97.0M | $38,523 | $7.9M | — | $532K |
| 2013 | 2,497 | $91.3M | $36,569 | $9.0M | — | $474K |
| 2012 | 2,441 | $82.3M | $33,718 | $8.1M | — | $455K |
| 2011 | 2,395 | $74.7M | $31,197 | $8.4M | — | $405K |
| 2010 | 2,296 | $70.2M | $30,578 | $8.2M | — | $337K |
| 2009 | 2,117 | $63.4M | $29,954 | $8.2M | — | $320K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$171,090,186
- Employer contributions$18,276,947
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$18,276,947
- Total income, including investment results$31,647,727
- Benefits paid$12,620,843
- Administrative expenses$1,071,203
- Total expenses$13,692,046
- Net income$17,955,681
- Net transfers$0
- Net assets, end of year$189,045,867
Participants
- Active participants1,519
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits2,050
- Participants with account balances3,569
- Total participants, end of year3,569
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Old Glory Asset Management LLC | Investment management | $217,780 | $0 |
| Boyd Watterson Asset Management | Investment management | $179,531 | $0 |
| Empower Annuity Insurance Company | Investment management | $164,857 | $0 |
| Zenith American Solutions | Contract Administrator | $67,968 | $0 |
| Quanvest Consultants | Investment management | $58,080 | $0 |
| Foundry Partners LLC | Investment management | $56,128 | $0 |
| Marshall & Moss Admin Services | Contract Administrator | $40,966 | $0 |
| William Rothberg, P.C. | Legal | $40,830 | $0 |
| Amalgamated Bank | Custodial (securities) | $40,666 | $0 |
| MSPC | Accounting (including auditing) | $34,444 | $0 |
| Barnes, Iaccarino & Shepherd, LLP | Legal | $31,510 | $0 |
| The Segal Company | Actuarial | $5,750 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$721,320
- Contract administrator fees$108,934
- Legal fees$72,340
- Other administrative expenses$71,219
- Trustee and custodial fees$40,666
- IQPA audit fees$34,444
- Salaries and allowances$16,530
- Actuarial fees$5,750
- Total administrative expenses$1,071,203
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Insurance company general account$51.7M · 27.0%
- U.S. Government securities$45.1M · 23.6%
- Corporate stocks$29.7M · 15.5%
- Registered investment companies (mutual funds)$18.4M · 9.6%
- Corporate debt instruments$16.3M · 8.5%
- Partnership/joint venture interests$13.8M · 7.2%
- Cash (interest and non-interest bearing)$9.8M · 5.1%
- Receivables$6.3M · 3.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmMSPC Certified Public Accountants &
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 813930: Labor Unions and Similar Labor Organizations.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Reimagined Parking Inc., 401(k) Plan | Reimagined Parking, Inc. | 4,102 | $24.6M | $5,998 |
| 401(k) Profit Sharing Plan for Employees of Welllife Network Inc. | Welllife Network Inc. | 3,291 | $41.2M | $12,508 |
| Fba Retirement Plan | Austin 3(16) Fiduciary Limited | 4,294 | $7.6M | $1,775 |
| Camba 403(b) Retirement Plan | Camba, Inc. | 3,185 | $69.8M | $21,929 |
| Samaritan Village, Inc. Retirement Plan | Samaritan Daytop Village, Inc. | 4,547 | $57.0M | $12,538 |
| Access Supports for Living Inc. 403(b) Retirement Plan | Access Supports for Living Inc. | 3,071 | $55.4M | $18,044 |
Defined contribution plans in other services closest in size.
Questions and answers
How big is United Union of Roofers - Local 8 Annuity Fund?
3,569 participants at the end of the plan year ending 31 Dec 2024, of whom 1,519 were active employees, with net assets of $189,045,867. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does United Union of Roofers Local 8 Annuity Fund contribute per participant?
The filing reports $18,276,947 in employer contributions for the year, which is $12,032 per active participant; the median for plans of the same type and size was $2,045 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $938,510 in compensation to service provider organisations, $263 per participant or 0.50% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $1,071,203. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is United Union of Roofers Local 8 Annuity Fund. Recordkeeping or administration: Zenith American Solutions and Marshall & Moss Admin Services. Investment advisory or management: Old Glory Asset Management LLC, Boyd Watterson Asset Management and Empower Annuity Insurance Company. Trustee or custodian: Amalgamated Bank. The financial statements were audited by MSPC Certified Public Accountants &. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 11-6011299, plan 004, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.