Plan Ledger DOL Form 5500 · updated monthly

Baldwin Richardson Foods Company401(k)

BALDWIN RICHARDSON FOODS COMPANY 401(K) PROFIT SHARING PLAN · MACEDON, NY · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Baldwin Richardson Foods Company reported $142,493 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,261 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 0.40% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,931st-largest of 5,648 plans among New York employers on file, and the 4,425th of 13,661 in manufacturing. In 2024, employees put in $3.21 for every $1.00 the employer contributed; active participation has grown from 421 to 665 since 2022.

Plan summary
Net assets, end of year$30,602,081
Participants with balances799
Active participants665
Employer contributions$838,688
Employee contributions$2,692,640
Employer contribution per active participant$1,261
Average account balance$38,300
Benefits paid to participants$2,667,490
Plan auditUnmodified (clean) audit opinion
AuditorBOWERS & COMPANY CPAS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$30.6M · 799 accts · $839K emplr
2023$24.4M · 618 accts · $636K emplr
2022$19.8M · 581 accts · $444K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$117,493
Investment management$25,000
Total administrative$142,493
The Baldwin Richardson Foods Company 401(k) match · 2024
Employer contribution per active participant$1,261
Median for plans this size$2,416
2024$1,261 per active participant
2023$1,333 per active participant
2022$1,055 per active participant

Baldwin Richardson Foods Company'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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$117,493
ARTHUR J GALLAGHER & CO · Investment advisory (plan)$25,000

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$142,493 · 0.52%
2023$128,894 · 0.58%
2022$83,419 · 0.40%
Same employer
Similar plansManufacturing · New York
Ultralife Corporation NY$31.8M · 0.35%
Marquardt Switches, Inc. NY$31.7M · 0.29%
Titanx Engine Cooling, Inc NY$30.5M · 0.11%
Monaghan Medical Corp. NY$29.9M · 0.21%
Wac Lighting NY$29.6M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363843103 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.