Plan Ledger DOL Form 5500 · updated monthly

Forerunner Technologies Inc.401(k)

FORERUNNER TECHNOLOGIES INC. 401(K) PROFIT SHARING PLAN AND TRUST · EDGEWOOD, NY · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Forerunner Technologies Inc. reported $19,481 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $430 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 0.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (3,909th of 5,648), and 9,660th of 13,661 in manufacturing. In 2024, employees put in $12.02 for every $1.00 the employer contributed; active participation has grown from 123 to 168 since 2022.

Plan summary
Net assets, end of year$8,033,626
Participants with balances183
Active participants168
Employer contributions$72,301
Employee contributions$869,243
Employer contribution per active participant$430
Average account balance$43,900
Benefits paid to participants$482,398
Plan auditUnmodified (clean) audit opinion
AuditorABBATE DEMARINIS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 183 accts · $72K emplr
2023$6.7M · 160 accts · $157K emplr
2022$5.4M · 141 accts · $125K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,481
Total administrative$19,481
The Forerunner Technologies Inc. 401(k) match · 2024
Employer contribution per active participant$430
Median for plans this size$1,313
2024$430 per active participant
2023$1,061 per active participant
2022$1,015 per active participant

Forerunner Technologies Inc.'s 2024 employer contribution ran below the $1,313 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.

Service providers · 20243
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$18,605
UNITED BENEFIT PENSIONS INC · Contract administrator$4,050
CAPITAL GROUP RETIREMENT PLAN SERV$1,925

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$19,481 · 0.26%
2023$19,563 · 0.32%
2022$1,072 · 0.02%
Same employer
Similar plansManufacturing · New York
E.I. Electronics, LLC NY$8.2M · 0.03%
New U.S. Nonwovens, LLC NY$8.2M · 0.67%
Transit Wireless, LLC NY$8.2M · 0.05%
Lexington Machining, LLC NY$8.1M · 0.05%
Europastry USA, Inc NY$8.0M · 0.62%
Icm Controls Corp NY$7.9M · 0.26%
Currier Plastics, Inc. NY$7.8M · 1.37%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 592937938 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.