Plan Ledger DOL Form 5500 · updated monthly

Dow Electric, Inc.401(k)

DOW ELECTRIC, INC. 401(K) RETIREMENT PLAN · MALONE, NY · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Dow Electric, Inc. reported $68,451 in plan administrative expenses for 2024: 0.73% of average plan assets, above the peer median. Employer contributions averaged $10,548 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 3 years on file its reported administrative ratio has held roughly steady near 0.73%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (3,700th of 5,648), and 3,186th of 5,337 in construction. In 2024, the employer put in $8.25 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$9,368,769
Participants with balances196
Active participants95
Employer contributions$1,002,047
Employee contributions$121,418
Employer contribution per active participant$10,548
Average account balance$47,800
Benefits paid to participants$1,998,237
Plan auditUnmodified (clean) audit opinion
AuditorTEAL, BECKER & CHIARAMONTE CPAS, PC
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 196 accts · $1.0M emplr
2023$9.3M · 193 accts · $1.9M emplr
2022$7.3M · 184 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,112
Investment management$39,118
Trustee / custodial$3,221
Total administrative$68,451
The Dow Electric, Inc. 401(k) match · 2024
Employer contribution per active participant$10,548
Median for plans this size$1,313
2024$10,548 per active participant
2023$20,350 per active participant
2022$16,075 per active participant

Dow Electric, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20243
NYHART · Recordkeeping · Participant communication$26,112
DIRECT ADVISORS, LLC · Investment advisory (participants) · Investment advisory (plan)$39,118
MATRIX TRUST COMPANY · Custodial (securities) · Trustee$3,220

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

Recordkeeper by year2
2024NYHART
2023NYHART

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Administrative cost history3
2024$68,451 · 0.73%
2023$60,632 · 0.73%
2022$57,926 · 0.75%
Similar plansConstruction · New York
Lippolis Electric, Inc. NY$9.9M · 0.63%
Bp Air Conditioning Corp. NY$9.3M · 0.18%
Granite Comfort LP NY$8.9M · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141745333 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.