Plan Ledger DOL Form 5500 · updated monthly

Dan Gernatt Gravel Products, Inc.401(k)

DAN GERNATT GRAVEL PRODUCTS, INCORPORATED SAVINGS AND SECURITY PLAN · COLLINS, NY · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Dan Gernatt Gravel Products, Inc. reported $49,550 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $1,296 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 0.16% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 2,113th-largest of 5,648 plans among New York employers on file, and the 257th of 612 in mining, oil & gas extraction. In 2024, employees put in $6.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,646,948
Participants with balances233
Active participants195
Employer contributions$252,745
Employee contributions$1,525,941
Employer contribution per active participant$1,296
Average account balance$114,365
Benefits paid to participants$1,744,315
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.6M · 233 accts · $253K emplr
2023$24.4M · 230 accts · $374K emplr
2022$23.4M · 217 accts · $348K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,582
Investment management$45,968
Total administrative$49,550
The Dan Gernatt Gravel Products, Inc. 401(k) match · 2024
Employer contribution per active participant$1,296
Median for plans this size$2,416
2024$1,296 per active participant
2023$1,872 per active participant
2022$1,872 per active participant

Dan Gernatt Gravel Products, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20242
COMMONWEATH EQUITY SERVICES LLC BD · Investment advisory (plan)$45,689

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$49,550 · 0.19%
2023$41,994 · 0.18%
2022$42,395 · 0.16%
Same employer
Similar plansMining, Oil & Gas Extraction · New York
Barton Mines Corporation NY$38.4M · 0.22%
Primeenergy Corporation TX$27.4M · 0.15%
E.R. Jahna Industries, Inc. FL$26.7M · 0.10%
Signal Peak Energy, LLC MT$26.7M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160805847 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.