# Laborers' Local #157 Pension Fund DB Plan
Source: https://planprovider.pro/companies/laborers-local-157-pension-fund-plan

> Laborers' Local #157 Pension Fund's DB plan: 591 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 Pension Fund

- **Sponsor EIN:** 146076460

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

- **Plan Type:** DB

- **Total Participants:** 591

- **Total Assets:** $93.0M

## 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|591|$93.0M|$0|$0|

| 2023|516|$84.1M|$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|$47,753|—|$47,753|

### 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:** $47,753

- **Estimated Expense Ratio:** 0.051% 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|$796,765|$508,673|—|$47,753|—|

| 2023|$664,155|$376,313|—|—|$122,212|

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