Plan Ledger DOL Form 5500 · updated monthly

Arrow Gear LLC401(k)

ARROW GEAR INCENTIVE SAVINGS PLAN · COLLEGE POINT, NY · plan year 2023

Reported admin expense ratio · 2023
0.03%

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

Arrow Gear LLC reported $6,620 in plan administrative expenses for 2023: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,381 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 rose from 0.02% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,356th-largest of 5,648 plans among New York employers on file, and the 5,529th of 13,661 in manufacturing. In 2023, employees put in $3.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,226,586
Participants with balances208
Active participants164
Employer contributions$390,464
Employee contributions$1,176,910
Employer contribution per active participant$2,381
Average account balance$106,859
Benefits paid to participants$3,697,444
Plan auditUnmodified (clean) audit opinion
AuditorTMI CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$21.9M · 205 accts · $427K emplr
2023$22.2M · 208 accts · $390K emplr
2022$19.9M · 212 accts · $418K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,620
Total administrative$6,620
The Arrow Gear LLC 401(k) match · 2023
Employer contribution per active participant$2,381
Median for plans this size$2,440
2024$2,655 per active participant
2023$2,381 per active participant
2022$2,595 per active participant

Arrow Gear LLC's 2023 employer contribution ran below the $2,440 median for plans its size. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$6,355 · 0.03%
2023$6,620 · 0.03%
2022$4,303 · 0.02%
Same employer
Similar plansManufacturing · New York
Wagner Hardwoods LLC NY$22.5M · 0.30%
Designs for Vision, Inc. NY$22.4M · 0.02%
Zwilling J.A. Henckels, LLC NY$22.1M · 0.24%
Acme Smoked Fish Corp. NY$22.1M · 0.64%
Mystic, Inc. NY$22.1M · 0.17%
Miraclon Corporation NY$21.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362343766 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.