Plan Ledger DOL Form 5500 · updated monthly

Carco Group, Inc.401(k)

CARCO GROUP, INC. PROFIT SHARING AND 401(K) PLAN · HOLTSVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Carco Group, Inc. reported $111,172 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,816 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 3 years on file its reported administrative ratio has held roughly steady near 0.313%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,690th-largest of 5,648 plans among New York employers on file, and the 2,071st of 4,798 in finance & insurance. In 2024, employees put in $3.11 for every $1.00 the employer contributed; active participation has shrunk from 714 to 566 since 2022.

Plan summary
Net assets, end of year$37,384,106
Participants with balances711
Active participants566
Employer contributions$1,027,655
Employee contributions$3,200,442
Employer contribution per active participant$1,816
Average account balance$52,580
Benefits paid to participants$4,919,223
Plan auditUnmodified (clean) audit opinion
AuditorEICHEN & DIMEGLIO P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$37.4M · 711 accts · $1.0M emplr
2023$33.6M · 751 accts · $1.1M emplr
2022$29.0M · 873 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,803
Investment management$90,369
Total administrative$111,172
The Carco Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,816
Median for plans this size$2,416
2024$1,816 per active participant
2023$1,808 per active participant
2022$1,743 per active participant

Carco Group, 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
MORGAN STANLEY SMITH BARNEY · Recordkeeping · Trustee$90,369
ADP, INC. · Loan processing · Recordkeeping$20,803
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, Morgan Stanley
2023ADP, Morgan Stanley

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

Administrative cost history3
2024$111,172 · 0.31%
2023$97,197 · 0.31%
2022$96,497 · 0.31%
Same employer
Similar plansFinance & Insurance · New York
Bregal Investments Inc. NY$38.1M · 0.03%
Strike Technologies LLC NY$37.5M · 0.42%
Galaxy Digital Services LLC NY$37.5M · 0.15%
Americu Credit Union NY$36.9M · 0.13%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 112504343 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.