# Laborers&#39; Local #157 Annuity Fund DC Plan
Source: https://planprovider.pro/companies/laborers-local-157-annuity-fund-plan

> Laborers&#39; Local #157 Annuity Fund&#39;s DC plan: 1,295 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Laborers' Local #157 Annuity Fund

- **Sponsor EIN:** 141728182

- **Sponsor Address:** 348 DUANESBURG RD., SCHENECTADY, NY, 12306

- **Plan Type:** DC

- **Total Participants:** 1,295

- **Total Assets:** $27.0M

## 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|1,295|$27.0M|$0|$0|

| 2023|1,142|$24.1M|$0|$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|

| TEAL, BECKER & CHIARAMONTE, CPAS|Auditor|$31,086|—|$31,086|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [TEAL, BECKER & CHIARAMONTE, CPAS](https://planprovider.pro/provider/teal-becker-and-chiaramonte-cpas-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $31,086

- **Estimated Expense Ratio:** 0.115% 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|$249,044|$90,840|—|$31,086|—|

| 2023|$239,801|$84,526|—|—|$39,145|

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