Plan Ledger DOL Form 5500 · updated monthly

Bluefors Cryocooler Technologies Inc.401(k)

BLUEFORS CRYOCOOLER TECHNOLOGIES INC. 401K PLAN · SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Bluefors Cryocooler Technologies Inc. reported $44,908 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,334 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 has held roughly steady near 0.203%. 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 2,253rd-largest of 5,648 plans among New York employers on file, and the 5,286th of 13,661 in manufacturing. In 2024, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,885,053
Participants with balances229
Active participants196
Employer contributions$457,376
Employee contributions$912,330
Employer contribution per active participant$2,334
Average account balance$104,302
Benefits paid to participants$1,005,589
Plan auditUnmodified (clean) audit opinion
AuditorDERMODY, BURKE & BROWN, CPAS, LLC
Plan history2
Yearassets · accounts · employer contribution
2024$23.9M · 229 accts · $457K emplr
2023$20.4M · 196 accts · $326K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,369
Investment management$42,539
Total administrative$44,908
The Bluefors Cryocooler Technologies Inc. 401(k) match · 2024
Employer contribution per active participant$2,334
Median for plans this size$2,416
2024$2,334 per active participant
2023$2,022 per active participant

Bluefors Cryocooler Technologies Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
BLUE WATER CAPITAL MANAGEMENT LLC · Investment advisory (plan)$38,714
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,369

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$44,908 · 0.20%
2023$31,547 · 0.20%
Same employer
Similar plansManufacturing · New York
Westpoint Home LLC NY$24.8M · 0.12%
Unilock New York, Inc. NY$23.6M · 0.13%
Sefar Inc. NY$23.5M · 0.04%
Voyetra Turtle Beach, Inc. NY$23.4M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920558960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.