Plan Ledger DOL Form 5500 · updated monthly

Bill Grays, Inc.401(k)

BILL GRAYS, INC. 401(K) PLAN · WEBSTER, NY · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Bill Grays, Inc. reported $56,702 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $994 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 0.85% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (3,276th of 5,648), and the 482nd of 2,240 in accommodation & food services. In 2024, employees put in $2.50 for every $1.00 the employer contributed; active participation has shrunk from 308 to 266 since 2022.

Plan summary
Net assets, end of year$12,312,774
Participants with balances307
Active participants266
Employer contributions$264,500
Employee contributions$661,752
Employer contribution per active participant$994
Average account balance$40,107
Benefits paid to participants$1,206,318
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL METZGER BARR & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 307 accts · $265K emplr
2023$10.9M · 279 accts · $257K emplr
2022$9.0M · 331 accts · $271K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,502
Investment management$22,200
Total administrative$56,702
The Bill Grays, Inc. 401(k) match · 2024
Employer contribution per active participant$994
Median for plans this size$2,416
2024$994 per active participant
2023$1,096 per active participant
2022$881 per active participant

Bill Grays, Inc.'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
ADP, INC. · Loan processing · Recordkeeping$34,502
WILMINGTON TRUST, NATIONAL ASSOCIAT · Recordkeeping · Trustee$22,200

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, WILMINGTON TRUST, NATIONAL ASSOCIAT
2023ADP, WILMINGTON TRUST, NATIONAL ASSOCIAT

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Administrative cost history3
2024$56,702 · 0.49%
2023$57,952 · 0.58%
2022$87,517 · 0.85%
Similar plansAccommodation & Food Services · New York
Wendcentral Corp. NY$14.3M · 0.82%
Lotte New York Palace, LLC. NY$12.3M · 0.57%
Pier Sixty LLC NY$11.8M · 0.01%
Leatherstocking Corporation NY$11.6M · 0.08%
Meyers Rv Superstore NY$11.0M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160909818 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.