Building Services Local 2 retirement plan: assets, participants and fees
What Building Services Local 2's retirement plan 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 | Policy Research Group LLC | Schedule C ↗ |
| Independent auditor | Novak Francella, LLC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 263 defined-contribution plans in other services with 1,000 to 4,999 participants.
| Building Services Local 2: employer contribution per participant | $354 | |
| Peer median | $1,431 |
| Building Services Local 2: average balance | $8,270 | |
| Peer median | $42,646 |
| Building Services Local 2: admin expenses ÷ assets | 6.16% | |
| Peer median | 0.23% |
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 $10.1M at the end of plan year 2021 to $8.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,035 | $8.6M | $366K | $354 | 6.16% | Not published | Form 5500 ↗ |
| 2023 | 992 | $8.4M | $322K | $325 | 5.04% | Not published | Form 5500 ↗ |
| 2022 | 1,015 | $8.1M | $297K | $293 | 4.03% | Not published | Form 5500 ↗ |
| 2021 | 961 | $10.1M | $294K | $306 | 3.32% | Not published | Form 5500 ↗ |
Common questions
Does Building Services Local 2 match 401(k) contributions?
The match terms for the Building Services Local 2 Retirement Plan & Trust have not been published from its filing yet. The plan year 2024 filing reports $366K in employer contributions, about $354 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Building Services Local 2 401(k) match vested?
The vesting schedule for the Building Services Local 2 Retirement Plan & Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Building Services Local 2 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Policy Research Group LLC. The plan administrator is Building Services Local 2.
I left Building Services Local 2. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Building Services Local 2, (718) 296-7017) or the recordkeeper, Policy Research Group LLC. The Building Services Local 2 old 401(k) page lists the contacts from every plan filing. Find an old Building Services Local 2 401(k)
Data from the public Form 5500 annual reports Building Services Local 2 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 Building Services Local 2. Not financial advice. Report a correction · Methodology