Plan Ledger DOL Form 5500 · updated monthly

Chestnut Petroleum Distributors,401(k)

CHESTNUT PETROLEUM DISTRIBUTORS, INC. 401(K) PLAN · NEW PALTZ, NY · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Chestnut Petroleum Distributors, reported $5,687 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $734 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 0.31% to 0.09%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New York (4,105th of 5,648), and 3,277th of 5,215 in retail trade. In 2024, employees put in $2.08 for every $1.00 the employer contributed; active participation has grown from 370 to 438 since 2022.

Plan summary
Net assets, end of year$6,862,897
Participants with balances155
Active participants438
Employer contributions$321,563
Employee contributions$668,353
Employer contribution per active participant$734
Average account balance$44,277
Benefits paid to participants$333,910
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 155 accts · $322K emplr
2023$5.4M · 150 accts · $297K emplr
2022$3.7M · 137 accts · $272K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,687
Total administrative$5,687
The Chestnut Petroleum Distributors, 401(k) match · 2024
Employer contribution per active participant$734
Median for plans this size$1,313
2024$734 per active participant
2023$753 per active participant
2022$735 per active participant

Chestnut Petroleum Distributors,'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 · 20243
PARK AVENUE SECURITIES, LLC · Recordkeeping · Trustee$12,955
ADP, INC. · Loan processing · Recordkeeping$5,686
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, PARK AVENUE SECURITIES, LLC
2023ADP, PARK AVENUE SECURITIES, LLC

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Administrative cost history3
2024$5,687 · 0.09%
2023$12,682 · 0.28%
2022$11,849 · 0.31%
Same employer
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Brown's of Bellport, Inc. NY$7.1M · 0.78%
Saratoga Motors Inc NY$7.0M · 0.28%
Value Leasing Corp. NY$7.0M · 0.17%
Nemo Tile Co. LLC NY$6.9M · 0.56%
Crown Trophy, Inc. NY$6.8M · 0.50%
Faherty Brand LLC NY$6.7M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141789595 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.