Plan Ledger DOL Form 5500 · updated monthly

Buckingham Manufacturing Company, Inc.401(k)

BUCKINGHAM MANUFACTURING COMPANY, INC. 401(K) RETIREMENT PLAN · BINGHAMTON, NY · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Buckingham Manufacturing Company, Inc. reported $97,221 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,438 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 0.52% to 0.47%. 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 2,352nd-largest of 5,648 plans among New York employers on file, and the 5,516th of 13,661 in manufacturing. In 2024, employees put in $2.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,317,527
Participants with balances549
Active participants461
Employer contributions$662,845
Employee contributions$1,657,798
Employer contribution per active participant$1,438
Average account balance$40,651
Benefits paid to participants$1,875,366
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.3M · 549 accts · $663K emplr
2023$19.1M · 520 accts · $911K emplr
2022$17.0M · 569 accts · $439K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,423
Investment management$50,963
Total administrative$97,221
The Buckingham Manufacturing Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,438
Median for plans this size$2,416
2024$1,438 per active participant
2023$2,185 per active participant
2022$863 per active participant

Buckingham Manufacturing Company, 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 · 20243
NORTHWESTERN MUTUAL WEALTH MGMT CO · Investment advisory (plan)$47,939
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$40,423
ENVESTNET RETIREMENT SOLUTIONS · Consulting · Investment advisory (plan)$5,834

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$97,221 · 0.47%
2023$92,923 · 0.51%
2022$94,768 · 0.52%
Same employer
Similar plansManufacturing · New York
E.S. Originals Inc. NY$22.5M · 0.19%
Wagner Hardwoods LLC NY$22.5M · 0.30%
Designs for Vision, Inc. NY$22.4M · 0.02%
Arrow Gear LLC NY$22.2M · 0.03%
Zwilling J.A. Henckels, LLC NY$22.1M · 0.24%
Acme Smoked Fish Corp. NY$22.1M · 0.64%
Mystic, Inc. NY$22.1M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161290727 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.