Plan Ledger DOL Form 5500 · updated monthly

Empire Merchants North, LLC401(k)

EMPIRE MERCHANTS NORTH 401(K) PLAN · NORTH SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Empire Merchants North, LLC reported $90,811 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $5,144 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 0.30% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,389th-largest of 5,648 plans among New York employers on file, and the 850th of 4,246 in wholesale trade. In 2024, employees put in $1.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$48,491,292
Participants with balances317
Active participants207
Employer contributions$1,064,748
Employee contributions$1,964,298
Employer contribution per active participant$5,144
Average account balance$152,969
Benefits paid to participants$4,846,636
Plan auditUnmodified (clean) audit opinion
AuditorHELD KRANZLER MCCOSKER & PULICE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$48.5M · 317 accts · $1.1M emplr
2023$44.4M · 314 accts · $1.1M emplr
2022$38.1M · 319 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,500
Investment management$40,311
Total administrative$90,811
The Empire Merchants North, LLC 401(k) match · 2024
Employer contribution per active participant$5,144
Median for plans this size$2,416
2024$5,144 per active participant
2023$5,023 per active participant
2022$5,137 per active participant

Empire Merchants North, LLC'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$50,500
ADVISOR IVESTMENTS LLC · Investment advisory (plan)$40,311

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$90,811 · 0.20%
2023$116,148 · 0.28%
2022$122,841 · 0.30%
All plans at this employer2
EMPIRE MERCHANTS NORTH 401(K) PLAN401(k)
EMPIRE MERCHANTS NORTH SALES UNION 401(K) PLAN401(k)
Same employer
Similar plansWholesale Trade · New York
McGard LLC NY$58.9M · 0.08%
Trammo, Inc NY$57.1M · 0.01%
Kiss Nail Products, Inc. NY$56.7M · 0.40%
Sid Harvey Industries, Inc. NY$49.0M · 0.02%
Gould Paper Corporation NY$48.0M · 0.29%
Hop Energy, LLC NY$47.0M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208448427 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.