New York › Finance and insurance › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Marble Industry Annuity Trust Fund
Sponsored by Board of Trustees of Marble, New York, 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.
In the plan year ending 31 Dec 2024, Marble Industry Annuity Trust Fund covered 573 participants and held $87.9M in net assets. The plan is a money purchase plan sponsored by Board of Trustees of Marble of New York, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $153,404 per participant, well above the $46,267 median for defined contribution plans with 500 to 999 participants and well above the $92,294 median for defined contribution plans in finance and insurance. 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 $2.8M during the year, or $10,180 per active participant against a same-size median of $1,934; participants contributed —. Benefits paid out totalled $7.9M.
Schedule C lists 13 service provider organisations paid $5,000 or more, with reported compensation of $485K: $846 per participant, well above the same-size median of $113. Administrative expenses charged to the plan were $279K. 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 $53.9M in 2009 to $87.9M in 2024 (up 63%), and participants from 614 to 573 (down 7%).
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 | $153,404 | $46,267 | $92,294 | $53,102 |
| Employer contributions per active participant | $10,180 | $1,934 | $3,564 | $2,175 |
| Schedule C compensation per participant | $846 | $113 | $137 | $123 |
| Schedule C compensation, share of net assets | 0.55% | 0.25% | 0.17% | 0.26% |
| Administrative expenses per participant | $487 | $109 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), finance and insurance (4,391) 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 | 573 | $87.9M | $153,405 | $2.8M | — | $485K |
| 2023 | 623 | $86.8M | $139,358 | $2.7M | — | $498K |
| 2022 | 664 | $85.9M | $129,423 | $3.4M | — | $508K |
| 2021 | 707 | $98.6M | $139,434 | $4.2M | — | $511K |
| 2020 | 654 | $92.5M | $141,491 | $4.3M | — | $444K |
| 2019 | 727 | $89.5M | $123,044 | $6.4M | — | $434K |
| 2018 | 765 | $78.5M | $102,579 | $5.5M | — | $464K |
| 2017 | 702 | $75.5M | $107,526 | $4.3M | — | $415K |
| 2016 | 654 | $71.5M | $109,266 | $4.2M | — | $408K |
| 2015 | 598 | $66.7M | $111,477 | $3.8M | — | $394K |
| 2014 | 663 | $66.3M | $100,027 | $3.6M | — | $390K |
| 2013 | 644 | $60.4M | $93,722 | $3.4M | — | $340K |
| 2012 | 530 | $55.2M | $104,087 | $2.3M | — | $315K |
| 2011 | 572 | $53.2M | $92,984 | $1.9M | — | $305K |
| 2010 | 584 | $54.5M | $93,260 | $1.9M | — | $298K |
| 2009 | 614 | $53.9M | $87,759 | $2.9M | — | $300K |
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$86,820,133
- Employer contributions$2,840,340
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,840,340
- Total income, including investment results$9,362,540
- Benefits paid$7,861,327
- Administrative expenses$279,000
- Total expenses$8,281,930
- Net income$1,080,610
- Net transfers$0
- Net assets, end of year$87,900,743
Participants
- Active participants279
- Retired or separated, receiving benefits10
- Retired or separated, entitled to future benefits274
- Participants with account balances531
- Total participants, end of year573
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Invesco National Trust Company | Investment management | $74,983 | $0 |
| Ullico Investment Advisors Inc. | Investment management | $64,211 | $0 |
| JP Morgan Investment Management Inc. | Investment management; Investment advisory (plan) | $45,605 | $0 |
| Marble Industry Trust Fund | Recordkeeping and information management | $45,001 | $0 |
| Principal Life Insurance Company | Investment management; Investment advisory (plan) | $40,306 | $0 |
| Daniel H. Cook Associates, Inc. | Contract Administrator; Plan Administrator; Recordkeeping and information management | $40,023 | $0 |
| Quan-Vest Consultants Inc. | Investment advisory (plan) | $39,000 | $0 |
| New Tower Trust Company | Investment management | $36,492 | $0 |
| Intercontinental Real Estate Corp. | Investment management | $29,885 | $0 |
| Gould Kobrick & Schlapp, PC | Accounting (including auditing) | $21,095 | $0 |
| Boyd Watterson Asset Management LLC | Investment management | $20,169 | $0 |
| Venable LLP | Legal | $16,022 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 1 smaller rows are not shown. 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$114,490
- Other administrative expenses$73,335
- Contract administrator fees$42,023
- Legal fees$28,057
- IQPA audit fees$21,095
- Total administrative expenses$279,000
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.
- Common/collective trusts$74.0M · 84.0%
- Real estate$4.8M · 5.5%
- 103-12 investment entities$4.1M · 4.7%
- Pooled separate accounts$2.5M · 2.9%
- Receivables$1.1M · 1.3%
- Participant loans$748K · 0.8%
- Cash (interest and non-interest bearing)$702K · 0.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmGould Kobrick & Schlapp P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $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
2CMoney purchase (other than target benefit) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Other plans of Board of Trustees of Marble
| Plan | Participants | Net assets |
|---|---|---|
| Marble Industry Pension Trust Fund | 864 | $98.7M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Transre Retirement Accumulation Plan | Transatlantic Holdings, Inc. | 574 | $42.7M | $74,308 |
| Vestwell Holdings, Inc. 401(k) Plan | Vestwell Holdings, Inc. | 570 | $23.8M | $41,709 |
| Transre Incentive Retirement Plan | Transatlantic Holdings, Inc. | 580 | $234M | $403,019 |
| Corning Federal Credit Union 401(k) Plan | Corning Federal Credit Union | 569 | $96.6M | $169,837 |
| Cohen & Steers Capital Management, Inc. 401(k) Employee Savings & Profit Sharing Plan | Cohen & Steers Capital Management, Inc. | 584 | $184M | $314,394 |
| Galaxy Digital Services LLC 401(k) Plan | Galaxy Digital Services LLC | 554 | $37.5M | $67,716 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is Marble Industry Annuity Trust Fund?
573 participants at the end of the plan year ending 31 Dec 2024, of whom 279 were active employees, with net assets of $87,900,743. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Board of Trustees of Marble contribute per participant?
The filing reports $2,840,340 in employer contributions for the year, which is $10,180 per active participant; the median for plans of the same type and size was $1,934 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 $484,827 in compensation to service provider organisations, $846 per participant or 0.55% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $279,000. 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 Board of Trustees of Marble. Recordkeeping or administration: Marble Industry Trust Fund and Daniel H. Cook Associates, Inc.. Investment advisory or management: Invesco National Trust Company, Ullico Investment Advisors Inc. and JP Morgan Investment Management Inc.. The financial statements were audited by Gould Kobrick & Schlapp P.C.. 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 14 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 13-2967109, plan 074, received 14 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.