Plan Ledger DOL Form 5500 · updated monthly

America's Family Benefit Plans401(k)

BOARD OF TRUSTEES OF THE AMERICA'S FAMILY 401(K) BENEFIT TRUST FUND · WILLIAMSVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.93%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

America's Family Benefit Plans reported $236,613 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~90% of peers. Employer contributions averaged $879 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.41% to 0.93%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 2,121st-largest of 5,648 plans among New York employers on file, and the 1,150th of 5,215 in retail trade. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has shrunk from 491 to 405 since 2022.

Plan summary
Net assets, end of year$26,411,243
Participants with balances405
Active participants405
Employer contributions$356,084
Employee contributions$755,432
Employer contribution per active participant$879
Average account balance$65,213
Benefits paid to participants$3,074,138
Plan auditUnmodified (clean) audit opinion
AuditorEFPR GROUP CPAS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.4M · 405 accts · $356K emplr
2023$24.6M · 452 accts · $342K emplr
2022$22.4M · 491 accts · $423K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,009
Investment management$31,152
Audit (IQPA)$10,900
Total administrative$236,613
The America's Family Benefit Plans 401(k) match · 2024
Employer contribution per active participant$879
Median for plans this size$2,416
2024$879 per active participant
2023$757 per active participant
2022$862 per active participant

America's Family Benefit Plans's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
WILLIAM OCHOCINSKI$19,570
EFPR GROUP, CPA'S, PLLC · Accounting / audit$10,900
MICHELLE OCHOCINSKI$8,587
COMPLIANCE SYSTEMS, INC. · Contract administrator$7,200

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$236,613 · 0.93%
2023$247,819 · 1.05%
2022$358,981 · 1.41%
Similar plansRetail Trade · New York
Vince Holding Corp. NY$27.8M · 0.28%
Keeler Motor Car Co Limited NY$27.5M · 0.31%
Lia Group, Inc. NY$26.6M · 0.89%
Dolce & Gabbana USA, Inc. NY$24.4M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161548854 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.