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 |
|---|---|---|---|---|
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $115,726 | — | $115,726 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,726
- Estimated Expense Ratio: 0.005% 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 |