Plan Ledger DOL Form 5500 · updated monthly

Finch Paper LLC401(k)

THE 401(K) PLAN FOR SALARIED EMPLOYEES OF FINCH PAPER LLC · GLENS FALLS, NY · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Finch Paper LLC reported $16,843 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,443 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 0.04% to 0.05%. 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 1,706th-largest of 5,648 plans among New York employers on file, and the 3,895th of 13,661 in manufacturing. In 2024, employees put in $2.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,971,714
Participants with balances204
Active participants176
Employer contributions$605,919
Employee contributions$1,409,934
Employer contribution per active participant$3,443
Average account balance$181,234
Benefits paid to participants$4,002,473
Plan auditUnmodified (clean) audit opinion
AuditorCMJ, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$37.0M · 204 accts · $606K emplr
2023$33.9M · 204 accts · $592K emplr
2022$27.2M · 201 accts · $606K emplr
Administrative expenses, itemized · 2024
Investment management$14,255
Audit (IQPA)$11,500
Total administrative$16,843
The Finch Paper LLC 401(k) match · 2024
Employer contribution per active participant$3,443
Median for plans this size$2,416
2024$3,443 per active participant
2023$3,568 per active participant
2022$3,547 per active participant

Finch Paper LLC'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 · 20243
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$14,255
CMJ LLP · Accounting / audit$11,500
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
2024$16,843 · 0.05%
2023$14,982 · 0.05%
2022$13,072 · 0.04%
All plans at this employer2
THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC401(k)
THE 401(K) PLAN FOR SALARIED EMPLOYEES OF FINCH PAPER LLC401(k)
Same employer
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Vormittag Associates Inc NY$38.0M · 0.29%
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Grace Industries LLC NY$37.1M · 0.03%
Magnetic Analysis Corp. NY$37.0M · 0.04%
Ames Goldsmith Corp. NY$36.8M · 0.02%
Mod-Pac Corp. NY$36.1M · 0.10%
Precipart Corporation NY$35.2M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260186669 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.