Forward Mechanical401(k)
FORWARD MECHANICAL 401(K) PLAN · MASPETH, NY · plan year 2022
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Forward Mechanical reported $6,634 in plan administrative expenses for 2022: 1.55% of average plan assets, above the peer median. Employer contributions averaged $347 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 construction employers. By assets it is among the smaller plans on file in New York (5,460th of 5,648), and 5,227th of 5,337 in construction. In 2022, employees put in $4.05 for every $1.00 the employer contributed.
Forward Mechanical's 2022 employer contribution ran above the $331 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 431968331 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.