Plan Ledger DOL Form 5500 · updated monthly

Frequency Electronics, Inc.401(k)

FREQUENCY ELECTRONICS, INC. 401(K) SAVINGS PLAN · UNIONDALE, NY · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Frequency Electronics, Inc. reported $89,685 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $3,268 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 0.18% to 0.20%. 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 1,362nd-largest of 5,648 plans among New York employers on file, and the 3,137th of 13,661 in manufacturing. In 2024, employees put in $2.65 for every $1.00 the employer contributed; active participation has grown from 173 to 229 since 2022.

Plan summary
Net assets, end of year$50,305,037
Participants with balances275
Active participants229
Employer contributions$748,409
Employee contributions$1,979,731
Employer contribution per active participant$3,268
Average account balance$182,927
Benefits paid to participants$3,264,716
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$50.3M · 275 accts · $748K emplr
2023$40.9M · 264 accts · $414K emplr
2022$36.3M · 169 accts · $413K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,053
Investment management$54,632
Total administrative$89,685
The Frequency Electronics, Inc. 401(k) match · 2024
Employer contribution per active participant$3,268
Median for plans this size$2,416
2024$3,268 per active participant
2023$2,395 per active participant
2022$2,388 per active participant

Frequency Electronics, Inc.'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 · 20242
FIRST REPUBLIC INVESTMENT MGMNT · Investment advisory (plan)$53,389
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,043

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$89,685 · 0.20%
2023$85,189 · 0.22%
2022$71,523 · 0.18%
Same employer
Similar plansManufacturing · New York
Car-Freshner Corporation NY$51.0M · 0.15%
Materne North America Corp. NY$50.9M · 0.37%
Mana Products, Inc. NY$50.4M · 0.06%
Fonar Corporation NY$50.1M · 0.01%
The Mentholatum Company NY$49.1M · 0.29%
Interplex Industries, Inc. NY$48.3M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111986657 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.