Builders Exchange of the Southern Tier 401(k) match, vesting and fees
What Builders Exchange of the Southern Tier's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Transamerica Financial Life Insuran | Schedule C ↗ |
| Independent auditor | Tronconi Segarra & Assocaites, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 3,874 defined-contribution plans in construction with 100 to 499 participants.
| Builders Exchange of the Southern Tier: employer contribution per participant | $1,332 | |
| Peer median | $2,411 |
| Builders Exchange of the Southern Tier: average balance | $64,820 | |
| Peer median | $61,921 |
| Builders Exchange of the Southern Tier: admin expenses ÷ assets | 1.22% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $12.5M at the end of plan year 2021 to $12.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 215 | $12.4M | $256K | $1,332 | 1.22% | Not published | Form 5500 ↗ |
| 2023 | 202 | $11.6M | $240K | $1,334 | 1.20% | Not published | Form 5500 ↗ |
| 2022 | 197 | $10.3M | $226K | $1,305 | 0.65% | Not published | Form 5500 ↗ |
| 2021 | 209 | $12.5M | $238K | $1,425 | 0.59% | Not published | Form 5500 ↗ |
Other Builders Exchange of the Southern Tier plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Southern Tier Building Trades Laborers Profit Sharing Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Northwest Bank | Schedule C ↗ |
| Independent auditor | Tronconi Segarra & Associates LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Common questions
Does Builders Exchange of the Southern Tier match 401(k) contributions?
The match terms for the Construction Industry 401k Plan have not been published from its filing yet. The plan year 2024 filing reports $256K in employer contributions, about $1,332 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Builders Exchange of the Southern Tier 401(k) match vested?
The vesting schedule for the Construction Industry 401k Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Builders Exchange of the Southern Tier 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Financial Life Insuran. The plan administrator is Builders Exchange of the Southern Tier, Inc..
I left Builders Exchange of the Southern Tier. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Builders Exchange of the Southern Tier, Inc., (716) 665-4026) or the recordkeeper, Transamerica Financial Life Insuran. The Builders Exchange of the Southern Tier old 401(k) page lists the contacts from every plan filing. Find an old Builders Exchange of the Southern Tier 401(k)
Data from the public Form 5500 annual reports Builders Exchange of the Southern Tier filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Builders Exchange of the Southern Tier. Not financial advice. Report a correction · Methodology