Plan Ledger DOL Form 5500 · updated monthly

Fage USA Dairy Industry, Inc.401(k)

FAGE USA DAIRY INDUSTRY, INC. 401(K) PLAN · JOHNSTOWN, NY · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Fage USA Dairy Industry, Inc. reported $6,869 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,429 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 0.04% to 0.03%. 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 the 2,322nd-largest of 5,648 plans among New York employers on file, and the 5,442nd of 13,661 in manufacturing. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 225 to 277 since 2022.

Plan summary
Net assets, end of year$22,845,289
Participants with balances222
Active participants277
Employer contributions$672,883
Employee contributions$1,066,978
Employer contribution per active participant$2,429
Average account balance$102,907
Benefits paid to participants$1,513,178
Plan auditUnmodified (clean) audit opinion
AuditorSHAPIRO, GOLDSTEIN, MOSES & ART
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 222 accts · $673K emplr
2023$19.2M · 221 accts · $626K emplr
2022$15.8M · 217 accts · $582K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,869
Total administrative$6,869
The Fage USA Dairy Industry, Inc. 401(k) match · 2024
Employer contribution per active participant$2,429
Median for plans this size$2,416
2024$2,429 per active participant
2023$2,899 per active participant
2022$2,587 per active participant

Fage USA Dairy Industry, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20241

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$6,869 · 0.03%
2023$6,436 · 0.04%
2022$7,047 · 0.04%
Same employer
Similar plansManufacturing · New York
Sefar Inc. NY$23.5M · 0.04%
Voyetra Turtle Beach, Inc. NY$23.4M · 0.14%
Vie de France Yamazaki Inc NY$23.2M · 0.39%
Cpi Aerostructures, Inc. NY$22.9M · 0.43%
Hudson Scenic Studio, Inc. NY$22.5M · 0.00%
E.S. Originals Inc. NY$22.5M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830419718 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.