Plan Ledger DOL Form 5500 · updated monthly

Erie Materials, Inc.401(k)

ERIE MATERIALS, INC. PROFIT SHARING & 401(K) PLAN · SYRACUSE, NY · plan year 2024

Employer contribution per participant · 2024
$7,141

Erie Materials, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $87,721,814 across 449 participant accounts, with employer contributions averaging $7,141 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.01% to 0.00%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 891st-largest of 5,648 plans among New York employers on file, and the 479th of 4,246 in wholesale trade. In 2024, the employer put in $1.06 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$87,721,814
Participants with balances449
Active participants389
Employer contributions$2,777,962
Employee contributions$2,630,340
Employer contribution per active participant$7,141
Average account balance$195,372
Benefits paid to participants$9,707,883
Plan auditUnmodified (clean) audit opinion
AuditorFIRLEY, MORAN, FREER & EASSA,CPA,PC
Plan history3
Yearassets · accounts · employer contribution
2024$87.7M · 449 accts · $2.8M emplr
2023$81.9M · 439 accts · $2.4M emplr
2022$68.5M · 426 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Investment management$13,294
Audit (IQPA)$16,000
Total administrative-$13,144
The Erie Materials, Inc. 401(k) match · 2024
Employer contribution per active participant$7,141
Median for plans this size$3,635
2024$7,141 per active participant
2023$6,522 per active participant
2022$7,416 per active participant

Erie Materials, Inc.'s 2024 employer contribution ran above the $3,635 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.

Service providers · 20244
WILMINGTON TRUST FEE COLLECTIONS · Consulting$81,151
FIRLEY MORAN FREER AND EASSA, CPA, · Accounting / audit$16,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$13,294
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024Not separately reported
2023$94 · 0.00%
2022$6,972 · 0.01%
Same employer
Similar plansWholesale Trade · New York
Empire Merchants, LLC NY$91.9M · 0.19%
Krasdale Foods, Inc. NY$90.1M · 0.04%
Richline Group, Inc. NY$88.5M · 0.08%
Baillie Lumber Co., L.P. NY$78.8M · 0.11%
Parts Authority LLC NY$77.5M · 0.52%
P. Kaufmann, Inc. NY$76.1M · 0.27%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 150528388 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.