Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Massachusetts Laborers' Pension Fund
- Sponsor EIN: 046128298
- Sponsor Address: 1400 DISTRICT AVENUE, BURLINGTON, MA, 018035236
- Plan Type: DB
- Total Participants: 10,031
- Total Assets: $2.5B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 10,031 | $2.5B | $154.3M | $0 |
| 2023 | 10,203 | $2.3B | $153.4M | $0 |
| 2022 | 10,116 | $2.1B | $146.9M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MEKETA INVESTMENT GROUP | Other Service Provider | $565,500 | — | $565,500 |
| ARTISAN PARTNERS LP | Other Service Provider | $472,115 | — | $472,115 |
| ALLIANCE BERNSTEIN LP | Other Service Provider | $453,925 | — | $453,925 |
| STATE STREET BANK & TRUST CO | Other Service Provider | $417,426 | — | $417,426 |
| THE SEGAL COMPANY (EASTERN STATES) | Other Service Provider | $344,710 | — | $344,710 |
| FRANKLIN PARK ASSOCIATES LLC | Other Service Provider | $300,000 | — | $300,000 |
| WALTER SCOTT & PARTNERS LIMITED | Other Service Provider | $299,902 | — | $299,902 |
| STATE STREET GLOBAL ADVISORS TRUST | Other Service Provider | $294,991 | — | $294,991 |
| LONGFELLOW INVESTMENT MANAGEMENT CO | Other Service Provider | $244,659 | — | $244,659 |
| SCHULTHEIS & PANETTIERI LLP | Auditor | $196,226 | — | $196,226 |
| SEGAL ROITMAN LLP | Other Service Provider | $164,478 | — | $164,478 |
| LAZARD ASSET MANAGEMENT LLC | Other Service Provider | $158,393 | — | $158,393 |
| EMPLOYEE A | Recordkeeper | $109,269 | — | $109,269 |
| CMIT SOLUTIONS | Other Service Provider | $93,220 | — | $93,220 |
| EMPLOYEE B | Recordkeeper | $88,920 | — | $88,920 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $80,162 | — | $80,162 |
| CORRENTE LAW CORP | ERISA Attorney | $78,000 | — | $78,000 |
| O'REILLY GROSSO GROSS & JONES PC | Other Service Provider | $78,000 | — | $78,000 |
| EMPLOYEE C | Recordkeeper | $75,161 | — | $75,161 |
| PRUDENTIAL INSURANCE CO | Recordkeeper | $69,670 | — | $69,670 |
| EMPLOYEE D | Recordkeeper | $62,989 | — | $62,989 |
| EMPLOYEE E | Recordkeeper | $57,367 | — | $57,367 |
| 617 MEDIA GROUP | Other Service Provider | $49,462 | — | $49,462 |
| EMPLOYEE F | Recordkeeper | $48,732 | — | $48,732 |
| EMPLOYEE G | Recordkeeper | $48,587 | — | $48,587 |
| EMPLOYEE H | Recordkeeper | $48,576 | — | $48,576 |
| EMPLOYEE I | Recordkeeper | $40,109 | — | $40,109 |
| EMPLOYEE J | Recordkeeper | $39,285 | — | $39,285 |
| EMPLOYEE K | Recordkeeper | $38,377 | — | $38,377 |
| RHUMBLINE ADVISERS LP | Other Service Provider | $38,309 | — | $38,309 |
| EMPLOYEE L | Recordkeeper | $38,058 | — | $38,058 |
| SEGAL SELECT INSURANCE SERVICES | Other Service Provider | — | $31,994 | $31,994 |
| EMPLOYEE M | Recordkeeper | $30,999 | — | $30,999 |
| EMPLOYEE N | Recordkeeper | $30,405 | — | $30,405 |
| EMPLOYEE O | Recordkeeper | $30,203 | — | $30,203 |
| EMPLOYEE P | Recordkeeper | $26,656 | — | $26,656 |
| EMPLOYEE Q | Recordkeeper | $26,480 | — | $26,480 |
| EMPLOYEE R | Recordkeeper | $25,671 | — | $25,671 |
| EMPLOYEE S | Recordkeeper | $25,354 | — | $25,354 |
| LOOMIS SAYLES & COMPANY | Other Service Provider | $13,819 | — | $13,819 |
| PROXYVOTE HOLDINGS PLUS LLC | Other Service Provider | $10,000 | — | $10,000 |
| GREEN CITIES IV LP | Other Service Provider | $8,000 | — | $8,000 |
| KONICA MINOLTA PREMIER | Other Service Provider | $7,358 | — | $7,358 |
| RANKIN & SULTAN | Other Service Provider | $5,815 | — | $5,815 |
| ROBERT HALF | Other Service Provider | $5,308 | — | $5,308 |
| MARK FRIEDMAN | Other Service Provider | $5,250 | — | $5,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI LLP — Auditor
- EMPLOYEE A — Recordkeeper
- EMPLOYEE B — Recordkeeper
- EMPLOYEE C — Recordkeeper
- PRUDENTIAL INSURANCE CO — Recordkeeper
- EMPLOYEE D — Recordkeeper
- EMPLOYEE E — Recordkeeper
- EMPLOYEE F — Recordkeeper
- EMPLOYEE G — Recordkeeper
- EMPLOYEE H — Recordkeeper
- EMPLOYEE I — Recordkeeper
- EMPLOYEE J — Recordkeeper
- EMPLOYEE K — Recordkeeper
- EMPLOYEE L — Recordkeeper
- EMPLOYEE M — Recordkeeper
- EMPLOYEE N — Recordkeeper
- EMPLOYEE O — Recordkeeper
- EMPLOYEE P — Recordkeeper
- EMPLOYEE Q — Recordkeeper
- EMPLOYEE R — Recordkeeper
- EMPLOYEE S — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,377,890
- Estimated Expense Ratio: 0.214% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $7,532,761 | $3,130,865 | — | $115,726 | — |
| 2023 | $8,815,522 | $3,749,394 | — | $100,000 | — |
| 2022 | $8,446,892 | $4,727,140 | — | — | $782,088 |