Plan Ledger DOL Form 5500 · updated monthly

Frette North America, Inc.401(k)

FRETTE 401(K) RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Frette North America, Inc. reported $29,338 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $1,754 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 3 years on file its reported administrative ratio has held roughly steady near 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New York (4,234th of 5,648), and 3,457th of 4,246 in wholesale trade. In 2024, employees put in $2.76 for every $1.00 the employer contributed; active participation has grown from 85 to 111 since 2022.

Plan summary
Net assets, end of year$6,244,745
Participants with balances176
Active participants111
Employer contributions$194,688
Employee contributions$537,934
Employer contribution per active participant$1,754
Average account balance$35,482
Benefits paid to participants$614,624
Plan auditUnmodified (clean) audit opinion
AuditorFUNARO & CO. P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 176 accts · $195K emplr
2023$5.2M · 153 accts · $212K emplr
2022$3.9M · 101 accts · $151K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,338
Total administrative$29,338
The Frette North America, Inc. 401(k) match · 2024
Employer contribution per active participant$1,754
Median for plans this size$1,313
2024$1,754 per active participant
2023$2,330 per active participant
2022$1,774 per active participant

Frette North America, Inc.'s 2024 employer contribution ran above the $1,313 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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$26,858
ADP, INC. · Loan processing · Recordkeeping$2,480
ADP BROKER-DEALER · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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Administrative cost history3
2024$29,338 · 0.51%
2023$22,332 · 0.49%
2022$19,917 · 0.50%
Similar plansWholesale Trade · New York
Carlisle Etcetera LLC NY$6.8M · 0.54%
The Burmax Company, Inc. NY$6.4M · 0.69%
Le Vian Corp NY$6.4M · 0.00%
Nathel & Nathel, Inc. NY$6.2M · 0.08%
Ongweoweh Corp. NY$6.2M · 0.67%
Farfetch.com US, LLC NY$6.2M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112454494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.