Plan Ledger DOL Form 5500 · updated monthly

Empire Industries, Inc.401(k)

EMPIRE INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN · MANCHESTER, CT · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Empire Industries, Inc. reported $60,303 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $12,153 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 0.347%. 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 Connecticut (580th of 1,106), and the 6,290th of 13,661 in manufacturing. In 2024, the employer put in $1.57 for every $1.00 employees contributed themselves; active participation has grown from 85 to 97 since 2022.

Plan summary
Net assets, end of year$18,225,379
Participants with balances118
Active participants97
Employer contributions$1,178,851
Employee contributions$751,825
Employer contribution per active participant$12,153
Average account balance$154,452
Benefits paid to participants$2,265,104
Plan auditUnmodified (clean) audit opinion
AuditorHARVEY & HOROWITZ, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$18.2M · 118 accts · $1.2M emplr
2023$16.5M · 114 accts · $1.0M emplr
2022$13.9M · 102 accts · $846K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,166
Investment management$42,137
Total administrative$60,303
The Empire Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$12,153
Median for plans this size$2,416
2024$12,153 per active participant
2023$10,855 per active participant
2022$9,956 per active participant

Empire Industries, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
DIMEO SCHNEIDER & ASSOCIATES, LLC · Recordkeeping · Trustee$42,137
ADP, INC. · Loan processing · Recordkeeping$18,166

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

Recordkeeper by year2
2024ADP, DIMEO SCHNEIDER & ASSOCIATES, LLC
2023ADP, DIMEO SCHNEIDER & ASSOCIATES, LLC

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Administrative cost history3
2024$60,303 · 0.35%
2023$49,257 · 0.32%
2022$52,733 · 0.35%
Same employer
Similar plansManufacturing · Connecticut
Creed 2.0, LLC CT$19.0M · 0.25%
Virginia Industries, Inc. CT$18.8M · 0.45%
Aero Gear, Inc. CT$18.6M · 0.17%
Accutron, Inc. CT$16.8M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060619701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.