Plan Ledger DOL Form 5500 · updated monthly

Decrescente Distributing Co., Inc.401(k)

DECRESCENTE DISTRIBUTING CO., INC. 401(K) PLAN · MECHANICVILLE, NY · plan year 2023

Reported admin expense ratio · 2023
0.31%

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

Decrescente Distributing Co., Inc. reported $117,166 in plan administrative expenses for 2023: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,293 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 1 year on file its reported administrative ratio rose from 0.26% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,551st-largest of 5,648 plans among New York employers on file, and the 990th of 4,246 in wholesale trade. In 2023, employees put in $2.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,771,595
Participants with balances297
Active participants401
Employer contributions$518,316
Employee contributions$1,399,147
Employer contribution per active participant$1,293
Average account balance$140,645
Benefits paid to participants$2,801,435
Plan auditUnmodified (clean) audit opinion
AuditorTEAL, BECKER & CHIARAMONTE, CPA, PC
Plan history2
Yearassets · accounts · employer contribution
2023$41.8M · 297 accts · $518K emplr
2022$34.1M · 316 accts · $491K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,741
Investment management$74,225
Audit (IQPA)$13,200
Total administrative$117,166
The Decrescente Distributing Co., Inc. 401(k) match · 2023
Employer contribution per active participant$1,293
Median for plans this size$2,440
2023$1,293 per active participant
2022$1,175 per active participant

Decrescente Distributing Co., Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
EMPOWER ADVISORY GROUP, LLC · Investment management$81,324
CREATIVE PENSION CONSULTANTS, INC. · Contract administrator · Pension consulting$33,055
TEAL BECKER & CHIARAMONTE CPA'S · Accounting / audit$13,200

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

Administrative cost history2
2023$117,166 · 0.31%
2022$85,649 · 0.26%
Same employer
Similar plansWholesale Trade · New York
Motors & Armatures, Inc. NY$42.7M · 0.38%
Harry's, Inc. NY$42.4M · 0.32%
Golden Touch Imports, Inc. NY$42.3M · 0.29%
Albert Kemperle, Inc. NY$41.3M · 0.26%
Palmer Fish Company, Inc. NY$40.9M · 0.44%
Bamberger Polymers, Inc. NY$39.5M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141539093 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.