Plan Ledger DOL Form 5500 · updated monthly

Bestway Enterprises, Inc.401(k)

BESTWAY ENTERPRISES, INC. 401(K) SAVINGS PLAN · CORTLAND, NY · plan year 2024

Reported admin expense ratio · 2024
0.31%

Bestway Enterprises, Inc. reported $16,708 in plan administrative expenses for 2024: 0.31% of average plan assets, below 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 3 years on file its reported administrative ratio has held roughly steady near 0.31%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New York (4,333rd of 5,648), and 3,538th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$5,771,095
Participants with balances111
Active participants112
Employer contributions—
Employee contributions$379,734
Employer contribution per active participant—
Average account balance$51,992
Benefits paid to participants$391,017
Plan auditUnmodified (clean) audit opinion
AuditorFIRLEY MORAN FREER & EASSA CPA, P.C
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 111 accts
2023$5.0M · 102 accts
2022$4.1M · 100 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,418
Investment management$13,290
Total administrative$16,708
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 · 20243
LPL FINANCIAL · Recordkeeping · Trustee$13,290
ADP, INC. · Loan processing · Recordkeeping$3,418
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, LPL Financial
2023ADP, LPL Financial

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Administrative cost history3
2024$16,708 · 0.31%
2023$14,140 · 0.31%
2022$13,208 · 0.30%
Similar plansWholesale Trade · New York
Travers Tool Co. Inc. NY$6.0M · 0.54%
Boxed, LLC NY$6.0M · 0.32%
Sam Tell & Son, Inc. NY$5.9M · 0.68%
Railex Wine Services, LLC NY$5.9M · 0.04%
Hamilton News Co., Inc NY$5.7M · 0.58%
Tripifoods, Inc. NY$5.5M · 0.02%
D. Bertoline & Sons Inc. NY$5.3M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 150623122 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.