Plan Ledger DOL Form 5500 · updated monthly

Digital Fabrication Workshop, Inc.401(k)

DIGITAL FABRICATION WORKSHOP, INC. 401(K) PLAN · HUDSON, NY · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Digital Fabrication Workshop, Inc. reported $30,626 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $2,171 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 1.08% to 0.79%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (4,426th of 5,648), and 9,701st of 11,654 in professional & technical services. In 2024, employees put in $1.78 for every $1.00 the employer contributed; active participation has grown from 72 to 139 since 2022.

Plan summary
Net assets, end of year$5,248,390
Participants with balances129
Active participants139
Employer contributions$301,739
Employee contributions$537,493
Employer contribution per active participant$2,171
Average account balance$40,685
Benefits paid to participants$325,306
Plan auditUnmodified (clean) audit opinion
AuditorMP PC.
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 129 accts · $302K emplr
2023$2.5M · 86 accts · $165K emplr
2022$1.9M · 152 accts · $249K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,161
Investment management$17,465
Total administrative$30,626
The Digital Fabrication Workshop, Inc. 401(k) match · 2024
Employer contribution per active participant$2,171
Median for plans this size$1,313
2024$2,171 per active participant
2023$2,500 per active participant
2022$3,463 per active participant

Digital Fabrication Workshop, Inc.'s 2024 employer contribution ran above 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 · 20242
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$17,468
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$13,161

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$30,626 · 0.79%
2023$15,617 · 0.72%
2022$19,243 · 1.08%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 454819026 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.