Plan Ledger DOL Form 5500 · updated monthly

Felix Storch Inc.401(k)

FELIX STORCH INC. 401(K) PROFIT SHARING PLAN AND TRUST · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Felix Storch Inc. reported $64,830 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $2,030 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 0.77% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New York (3,569th of 5,648), and 2,870th of 4,246 in wholesale trade. In 2024, employees put in $1.98 for every $1.00 the employer contributed; active participation has grown from 220 to 248 since 2022.

Plan summary
Net assets, end of year$10,311,455
Participants with balances190
Active participants248
Employer contributions$503,558
Employee contributions$998,705
Employer contribution per active participant$2,030
Average account balance$54,271
Benefits paid to participants$1,725,900
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 190 accts · $504K emplr
2023$9.5M · 171 accts · $459K emplr
2022$7.9M · 172 accts · $419K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,830
Total administrative$64,830
The Felix Storch Inc. 401(k) match · 2024
Employer contribution per active participant$2,030
Median for plans this size$1,313
2024$2,030 per active participant
2023$1,970 per active participant
2022$1,905 per active participant

Felix Storch 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$58,775
ASSOCIATED PENSION CONSULTANTS, INC · Contract administrator · Other services$4,035
ONE DIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$2,019

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$64,830 · 0.65%
2023$68,240 · 0.78%
2022$62,162 · 0.77%
Same employer
Similar plansWholesale Trade · New York
McCraith Beverages, Inc. NY$10.6M · 0.12%
Republic Clothing Corp. NY$10.3M · 0.42%
Clifford Fuel Co, Inc. NY$10.1M · 0.48%
Renzi Bros., Inc. NY$10.0M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112197886 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.