Plan Ledger DOL Form 5500 · updated monthly

Food Connection, LTD.401(k)

FOOD CONNECTION GROUP RETIREMENT SAVINGS PLAN · STATEN ISLAND, NY · plan year 2022

Reported admin expense ratio · 2022
1.54%

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

Food Connection, LTD. reported $5,049 in plan administrative expenses for 2022: 1.54% of average plan assets, above the peer median. Employer contributions averaged $0 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (5,507th of 5,648), and 3,225th of 3,341 in other services.

Plan summary
Net assets, end of year$309,733
Participants with balances12
Active participants183
Employer contributions$0
Employee contributions$28,104
Employer contribution per active participant$0
Average account balance$25,811
Benefits paid to participants$9,368
Plan auditUnmodified (clean) audit opinion
AuditorTIFFANY MONTARULI, CPA, PLLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,841
Investment management$978
Total administrative$5,049
The Food Connection, LTD. 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$331

Food Connection, LTD.'s 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$5,049 · 1.54%
Similar plansOther Services · New York
Swimjim Inc NY$392K · 2.00%
Pbm Parallel Sub LLC NY$314K · 1.10%
Hoosick Central LLC NY$258K · 0.70%
Mhw LTD NY$177K · 1.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112705172 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.