New York › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Laborers Local 754 Annuity Plan
Sponsored by Trustees of Laborers Local 754 Annuity Plan, Chestnut Ridge, 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 30 Jun 2025, Laborers Local 754 Annuity Plan covered 878 participants and held $19.4M in net assets. The plan is a money purchase plan sponsored by Trustees of Laborers Local 754 Annuity Plan of Chestnut Ridge, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $22,111 per participant, well below the $46,267 median for defined contribution plans with 500 to 999 participants and well below 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 $2.5M during the year, or $5,381 per active participant against a same-size median of $1,934; participants contributed —. Benefits paid out totalled $1.4M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $97K: $111 per participant, close to the same-size median of $113. Administrative expenses charged to the plan were $236K. 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 $5.4M in 2009 to $19.4M in 2024 (up 258%), and participants from 670 to 878 (up 31%).
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 | $22,111 | $46,267 | $54,962 | $53,102 |
| Employer contributions per active participant | $5,381 | $1,934 | $2,728 | $2,175 |
| Schedule C compensation per participant | $111 | $113 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.50% | 0.25% | 0.33% | 0.26% |
| Administrative expenses per participant | $269 | $109 | $166 | $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), 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 | 878 | $19.4M | $22,112 | $2.5M | — | $97K |
| 2023 | 832 | $17.2M | $20,653 | $2.1M | — | $92K |
| 2022 | 768 | $15.4M | $19,995 | $1.9M | — | $86K |
| 2021 | 797 | $13.7M | $17,227 | $2.0M | — | $73K |
| 2020 | 873 | $13.7M | $15,660 | $1.6M | — | $82K |
| 2019 | 919 | $12.5M | $13,561 | $1.8M | — | $78K |
| 2018 | 971 | $11.3M | $11,660 | $1.8M | — | $66K |
| 2017 | 962 | $10.3M | $10,710 | $1.6M | — | $69K |
| 2016 | 842 | $9.3M | $11,078 | $1.8M | — | $64K |
| 2015 | 876 | $8.4M | $9,571 | $1.4M | — | $53K |
| 2014 | 832 | $7.4M | $8,846 | $1.0M | — | $46K |
| 2013 | 780 | $6.9M | $8,795 | $790K | — | $60K |
| 2012 | 778 | $6.3M | $8,093 | $690K | — | $54K |
| 2011 | 659 | $5.8M | $8,809 | $614K | — | $50K |
| 2010 | 650 | $5.7M | $8,769 | $572K | — | $43K |
| 2009 | 670 | $5.4M | $8,088 | $472K | — | $59K |
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$17,183,381
- Employer contributions$2,534,351
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,534,351
- Total income, including investment results$3,828,037
- Benefits paid$1,361,395
- Administrative expenses$236,286
- Total expenses$1,597,681
- Net income$2,230,356
- Net transfers$0
- Net assets, end of year$19,413,737
Participants
- Active participants471
- Retired or separated, receiving benefits3
- Retired or separated, entitled to future benefits404
- Participants with account balances878
- Total participants, end of year878
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Bridgeway Benefit Technoloy | Recordkeeping and information management | $31,964 | $0 |
| Amalgamated Bank of Chicago | Investment management | $15,240 | $0 |
| American Realty Advisors | Investment management | $15,060 | $0 |
| Manufacturers and Traders Trust Co. | Custodial (securities) | $14,191 | $0 |
| Investment Performance Services Inc. | Investment advisory (plan) | $11,250 | $0 |
| MSPC | Accounting (including auditing) | $9,759 | $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
- Other administrative expenses$100,153
- Investment advisory and management fees$55,780
- Salaries and allowances$44,621
- Trustee and custodial fees$14,191
- Legal fees$11,782
- IQPA audit fees$6,000
- Recordkeeping fees$3,759
- Total administrative expenses$236,286
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.
- Partnership/joint venture interests$5.7M · 29.0%
- Corporate debt instruments$4.3M · 22.0%
- Registered investment companies (mutual funds)$3.0M · 15.5%
- U.S. Government securities$2.9M · 14.9%
- Other investments$2.5M · 12.8%
- Cash (interest and non-interest bearing)$615K · 3.1%
- Receivables$515K · 2.6%
- Buildings and other property used in plan operation$18K · 0.1%
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, $2,000,000
- 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 238900: Other Specialty Trade Contractors (including site preparation).
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Suit-Kote Corporation Employees' Retirement Plan | Suit-Kote Corporation | 960 | $83.7M | $87,175 |
| JRM Construction Management 401(k) Plan | JRM Construction Management, LLC | 771 | $53.6M | $69,503 |
| Peckham Industries, Inc. Deferred Compensation Profit Sharing Thrift Plan | Peckham Industries, Inc. | 1,000 | $91.4M | $91,404 |
| Dimarco Group Retirement Plan | The Dimarco Group, LLC | 755 | $44.7M | $59,181 |
| Laborers Local 785 Defined Contribution Plan | Board of Trustees Laborers Local 785 Defined Contribution Plan | 1,041 | $40.5M | $38,878 |
| Annuity Fund of Heat and Frost Insulators Local 12 | Board of Trustees Annuity Fund of Heat and Frost Insulators Local 12 | 724 | $215M | $297,234 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Laborers Local 754 Annuity Plan?
878 participants at the end of the plan year ending 30 Jun 2025, of whom 471 were active employees, with net assets of $19,413,737. 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 Trustees of Laborers Local 754 Annuity Plan contribute per participant?
The filing reports $2,534,351 in employer contributions for the year, which is $5,381 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 $97,464 in compensation to service provider organisations, $111 per participant or 0.50% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $236,286. 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 Trustees of Laborers Local 754 Annuity Plan. Recordkeeping or administration: Bridgeway Benefit Technoloy. Investment advisory or management: Amalgamated Bank of Chicago, American Realty Advisors and Investment Performance Services Inc.. Trustee or custodian: Manufacturers and Traders Trust Co.. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 9 Apr 2026. 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 13-6659594, plan 002, received 9 Apr 2026; 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.