Plan Ledger DOL Form 5500 · updated monthly

Feedmore of Western New York, Inc.DC plan

403(B) THRIFT PLAN OF FEEDMORE OF WESTERN NEW YORK, INC. · BUFFALO, NY · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Feedmore of Western New York, Inc. reported $34,496 in plan administrative expenses for 2024: 0.62% of average plan assets, above the peer median. Employer contributions averaged $1,535 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 rose from 0.51% to 0.62%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,257th of 5,648), and 7,275th of 11,911 in health care & social assistance. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has grown from 155 to 190 since 2022.

Plan summary
Net assets, end of year$6,151,785
Participants with balances214
Active participants190
Employer contributions$291,616
Employee contributions$495,695
Employer contribution per active participant$1,535
Average account balance$28,747
Benefits paid to participants$235,540
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 214 accts · $292K emplr
2023$4.9M · 213 accts · $244K emplr
2022$3.7M · 153 accts · $198K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,496
Total administrative$34,496
Employer contributions to the Feedmore of Western New York, Inc. plan · 2024
Employer contribution per active participant$1,535
Median for plans this size$1,313
2024$1,535 per active participant
2023$1,427 per active participant
2022$1,279 per active participant

Feedmore of Western New York, Inc.'s 2024 employer contribution ran above the $1,313 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
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$27,223

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$34,496 · 0.62%
2023$31,288 · 0.73%
2022$18,825 · 0.51%
Similar plansHealth Care & Social Assistance · New York
Cdx Diagnostics Inc. NY$6.2M · 0.77%
Quartet Mso, LLC NY$6.1M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222470820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.