Plan Ledger DOL Form 5500 · updated monthly

Cranesville Block Co., Inc.401(k)

PROFIT SHARING & SAVINGS PLAN FOR EMPLOYEES OF CRANESVILLE BLOCK CO., · AMSTERDAM, NY · plan year 2024

Reported admin expense ratio · 2024
0.93%

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

Cranesville Block Co., Inc. reported $120,991 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,020 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 0.88% to 0.93%. 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 among the smaller plans on file in New York (3,116th of 5,648), and 7,484th of 13,661 in manufacturing. In 2024, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,703,983
Participants with balances191
Active participants178
Employer contributions$359,477
Employee contributions$482,789
Employer contribution per active participant$2,020
Average account balance$71,749
Benefits paid to participants$918,096
Plan auditUnmodified (clean) audit opinion
AuditorWEST & COMPANY, CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 191 accts · $359K emplr
2023$12.3M · 178 accts · $329K emplr
2022$10.3M · 177 accts · $281K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,882
Investment management$36,359
Audit (IQPA)$10,750
Total administrative$120,991
The Cranesville Block Co., Inc. 401(k) match · 2024
Employer contribution per active participant$2,020
Median for plans this size$2,416
2024$2,020 per active participant
2023$2,151 per active participant
2022$1,645 per active participant

Cranesville Block Co., 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$73,882
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$36,359
WEST & COMPANY CPA PC · Accounting / audit$10,750

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$120,991 · 0.93%
2023$87,499 · 0.78%
2022$84,939 · 0.88%
Same employer
Similar plansManufacturing · New York
Precious Plate, Inc NY$13.8M · 0.46%
Gce International, Inc. NY$13.8M · 0.37%
Alexander Wang LLC NY$13.7M · 0.66%
Ultrafabrics Inc NY$13.7M · 0.76%
Sovena USA, Inc. NY$13.7M · 0.48%
Vandemark Chemical Inc. NY$13.6M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141424795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.