Plan Ledger DOL Form 5500 · updated monthly

Banza LLC401(k)

BANZA LLC 401K PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
1.26%

Banza LLC reported $10,612 in plan administrative expenses for 2024: 1.26% of average plan assets, above the peer median. 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 1 year on file its reported administrative ratio rose from 0.33% to 1.26%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (5,311th of 5,648), and 13,229th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$1,111,679
Participants with balances107
Active participants115
Employer contributions—
Employee contributions$512,107
Employer contribution per active participant—
Average account balance$10,390
Benefits paid to participants$65,449
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$1.1M · 107 accts
2023$573K · 115 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,220
Investment management$142
Total administrative$10,612
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 · 20241

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

Administrative cost history2
2024$10,612 · 1.26%
2023$1,917 · 0.33%
Similar plansManufacturing · New York
Storflex Holdings Inc NY$1.5M · 0.37%
Tectran Mfg, Inc. NY$1.4M · 1.11%
Bli International, Inc. NY$1.1M · 0.38%
Precare Corp. NY$1.0M · 3.91%
Gina Group, LLC NY$994K · 0.91%
Power Pallet Inc NY$981K · 1.08%
Water Lilies Food, LLC NY$868K · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464639706 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.