Plan Ledger DOL Form 5500 · updated monthly

Candlelight Cabinetry, Inc.401(k)

CANDLELIGHT CABINETRY 401(K) EE SAVINGS PL · LOCKPORT, NY · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Candlelight Cabinetry, Inc. reported $71,840 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,165 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 rose from 0.20% to 0.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (3,767th of 5,648), and 9,250th of 13,661 in manufacturing. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has grown from 192 to 252 since 2022.

Plan summary
Net assets, end of year$8,949,777
Participants with balances270
Active participants252
Employer contributions$293,598
Employee contributions$574,049
Employer contribution per active participant$1,165
Average account balance$33,147
Benefits paid to participants$1,530,850
Plan auditQualified audit opinion
AuditorEFPR GROUP, CPA'S PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 270 accts · $294K emplr
2023$7.9M · 231 accts · $223K emplr
2022$7.0M · 250 accts · $212K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,840
Total administrative$71,840
The Candlelight Cabinetry, Inc. 401(k) match · 2024
Employer contribution per active participant$1,165
Median for plans this size$1,313
2024$1,165 per active participant
2023$1,170 per active participant
2022$1,106 per active participant

Candlelight Cabinetry, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
JOHN HANCOCK NEW YORK · Recordkeeping · Investment management$6,348

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$71,840 · 0.85%
2023$68,940 · 0.93%
2022$14,336 · 0.20%
Similar plansManufacturing · New York
Galaxy Active LLC NY$9.2M · 0.53%
Freshly, Inc. NY$9.1M · 1.05%
Framerica Corporation NY$8.9M · 0.46%
Anderson Precision Inc NY$8.9M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223025529 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.