New York › Construction › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Stone Setters Annuity Fund Local 84
Sponsored by Board of Trustees of Stone Setters, 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.
Stone Setters Annuity Fund Local 84 is a profit-sharing plan sponsored by Board of Trustees of Stone Setters of New York, New York. For the plan year ending 31 Dec 2024 it reported 215 participants, 116 of them active, and net assets of $25.7M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $119,707 per participant, well above the $60,185 median for defined contribution plans with 100 to 249 participants and well above the $54,962 median for defined contribution plans in construction. 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 $1.5M during the year, or $13,312 per active participant against a same-size median of $2,447; participants contributed —. Benefits paid out totalled $4.3M.
Schedule C lists 12 service provider organisations paid $5,000 or more, with reported compensation of $254K: $1,182 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $264K. 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 $16.1M in 2009 to $25.7M in 2024 (up 60%), and participants from 412 to 215 (down 48%).
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 | $119,707 | $60,185 | $54,962 | $53,102 |
| Employer contributions per active participant | $13,312 | $2,447 | $2,728 | $2,175 |
| Schedule C compensation per participant | $1,182 | $194 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.99% | 0.32% | 0.33% | 0.26% |
| Administrative expenses per participant | $1,228 | $176 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), construction (4,204) 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 | 215 | $25.7M | $119,707 | $1.5M | — | $254K |
| 2023 | 234 | $26.9M | $114,791 | $1.8M | — | $263K |
| 2022 | 241 | $25.7M | $106,602 | $1.5M | — | $268K |
| 2021 | 260 | $31.6M | $121,431 | $1.7M | — | $220K |
| 2020 | 268 | $28.6M | $106,701 | $1.6M | — | $242K |
| 2019 | 288 | $28.9M | $100,285 | $2.3M | — | $209K |
| 2018 | 208 | $25.3M | $121,476 | $1.8M | — | $199K |
| 2017 | 250 | $24.7M | $98,684 | $1.3M | — | $232K |
| 2016 | 260 | $22.2M | $85,212 | $1.4M | — | $221K |
| 2015 | 289 | $21.0M | $72,536 | $1.2M | — | $210K |
| 2014 | 287 | $21.0M | $73,195 | $1.2M | — | $193K |
| 2013 | 290 | $19.5M | $67,145 | $1.3M | — | $147K |
| 2012 | 269 | $18.2M | $67,833 | $994K | — | $152K |
| 2011 | 272 | $17.2M | $63,077 | $961K | — | $168K |
| 2010 | 273 | $17.2M | $63,055 | $879K | — | $161K |
| 2009 | 412 | $16.1M | $39,034 | $976K | — | $154K |
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$26,860,692
- Employer contributions$1,544,150
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$1,544,150
- Total income, including investment results$3,472,716
- Benefits paid$4,332,420
- Administrative expenses$263,945
- Total expenses$4,596,365
- Net income−$1,123,649
- Net transfers$0
- Net assets, end of year$25,737,043
Participants
- Active participants116
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits96
- Participants with account balances199
- Total participants, end of year215
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Holm & Ohara LLP | Legal | $55,408 | $0 |
| Gould, Kobrick, & Schlapp, P.C. | Accounting (including auditing) | $34,275 | $0 |
| Stone Setters Pension Fund Local 84 | Recordkeeping and information management | $28,818 | $0 |
| Daniel H. Cook Associates | Contract Administrator | $25,260 | $0 |
| Intercontinental Real Estate Corp. | Investment management; Custodial (securities) | $22,341 | $0 |
| New Tower Trust Company | Investment management; Custodial (securities) | $18,275 | $0 |
| Quan-Vest Consultants, Inc. | Investment advisory (plan) | $16,413 | $0 |
| Venable LLP | Legal | $12,700 | $0 |
| Invesco Trust Company | Investment management; Custodial (securities) | $11,606 | $0 |
| Stacey Braun Associates | Investment management | $10,436 | $0 |
| Comerica Bank | Other investment fees and expenses | $10,039 | $0 |
| Highland Capital Management, Inc. | Investment management | $8,643 | $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
- Legal fees$68,108
- Investment advisory and management fees$68,056
- Other administrative expenses$61,628
- IQPA audit fees$34,275
- Contract administrator fees$25,260
- Other trustee fees and expenses$4,618
- Actuarial fees$2,000
- Total administrative expenses$263,945
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$16.4M · 63.1%
- U.S. Government securities$5.2M · 20.0%
- Real estate$2.1M · 8.1%
- Corporate debt instruments$1.1M · 4.4%
- Cash (interest and non-interest bearing)$619K · 2.4%
- Receivables$388K · 1.5%
- Participant loans$78K · 0.3%
- Other investments$57K · 0.2%
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
2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238100: Foundation, Structure, & Building Exterior Contractors (including framing carpentry, masonry, glass, roofing, & siding).
Other plans of Board of Trustees of Stone Setters
| Plan | Participants | Net assets |
|---|---|---|
| Stone Setters Pension Fund Local 84 | 253 | $40.3M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Westchester Modular Homes, Inc. Employee Stock Ownership Plan | Westchester Modular Homes, Inc. | 216 | $105M | $487,628 |
| Construction Industry 401(k) Plan | Builders Exchange of the Southern Tier, Inc. | 215 | $12.4M | $57,886 |
| IBEW Local #241 Annuity Plan | IBEW Local 241 | 218 | $36.1M | $165,369 |
| Westco Closet 401(k) Retirement Plan | Westco Closet Corp. DBA California Closet Co. | 213 | $17.2M | $80,646 |
| Nouveau Elevator Industries 401(k) Profit Sharing Plan | Nouveau Elevator Industries, LLC | 220 | $17.1M | $77,570 |
| The Beechwood Organization 401(k) Plan | BWD Mile Development LLC | 212 | $10.8M | $50,712 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Stone Setters Annuity Fund Local 84?
215 participants at the end of the plan year ending 31 Dec 2024, of whom 116 were active employees, with net assets of $25,737,043. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Board of Trustees of Stone Setters contribute per participant?
The filing reports $1,544,150 in employer contributions for the year, which is $13,312 per active participant; the median for plans of the same type and size was $2,447 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 $254,214 in compensation to service provider organisations, $1,182 per participant or 0.99% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $263,945. 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 Stone Setters. Recordkeeping or administration: Stone Setters Pension Fund Local 84 and Daniel H. Cook Associates. Investment advisory or management: Intercontinental Real Estate Corp., New Tower Trust Company and Quan-Vest Consultants, Inc.. Trustee or custodian: Intercontinental Real Estate Corp., New Tower Trust Company and Invesco Trust Company. 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 13-6121379, plan 002, 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.