Plan Ledger DOL Form 5500 · updated monthly

Fiber Instrument Sales, Inc.401(k)

FIBER INSTRUMENT SALES, INC. 401(K) PROFIT SHARING PLAN · ORISKANY, NY · plan year 2024

Reported admin expense ratio · 2024
0.91%

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

Fiber Instrument Sales, Inc. reported $118,107 in plan administrative expenses for 2024: 0.91% of average plan assets, higher than ~90% of peers. Employer contributions averaged $510 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 0.02% to 0.91%. 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 among the smaller plans on file in New York (3,137th of 5,648), and 7,552nd of 13,661 in manufacturing. In 2024, employees put in $4.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,527,434
Participants with balances381
Active participants337
Employer contributions$171,821
Employee contributions$706,437
Employer contribution per active participant$510
Average account balance$35,505
Benefits paid to participants$1,378,352
Plan auditUnmodified (clean) audit opinion
AuditorDERMODY, BURKE & BROWN, CPA'S, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$13.5M · 381 accts · $172K emplr
2023$12.5M · 365 accts · $182K emplr
2022$10.4M · 367 accts · $171K emplr
Administrative expenses, itemized · 2024
Investment management$118,107
Total administrative$118,107
The Fiber Instrument Sales, Inc. 401(k) match · 2024
Employer contribution per active participant$510
Median for plans this size$2,416
2024$510 per active participant
2023$501 per active participant
2022$496 per active participant

Fiber Instrument Sales, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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.

Administrative cost history3
2024$118,107 · 0.91%
2023$103,334 · 0.90%
2022$2,010 · 0.02%
Same employer
Similar plansManufacturing · New York
Vandemark Chemical Inc. NY$13.6M · 0.20%
McAlpin Industries, Inc. NY$13.6M · 0.66%
B & B Lumber Company, Inc. NY$13.5M · 0.23%
Hebeler Holdings LLC NY$13.4M · 0.00%
Nordon Inc NY$13.4M
Fair-Rite Products Corp. NY$13.4M · 0.59%
Swimwear Anywhere, Inc. NY$13.4M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161340858 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.