Plan Ledger DOL Form 5500 · updated monthly

G & L Davis Meat Co., Inc.401(k)

G & L DAVIS MEAT CO. INC. 401(K) PLAN · SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

G & L Davis Meat Co., Inc. reported $5,995 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,717 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 4 years on file its reported administrative ratio fell from 0.35% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New York (2,938th of 5,648), and the 1,877th of 5,215 in retail trade. In 2024, employees put in $2.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,295,548
Participants with balances150
Active participants132
Employer contributions$358,677
Employee contributions$751,709
Employer contribution per active participant$2,717
Average account balance$101,970
Benefits paid to participants$1,277,363
Plan auditUnmodified (clean) audit opinion
AuditorD'ARCANGELO & CO LLP
Plan history4
Yearassets · accounts · employer contribution
2024$15.3M · 150 accts · $359K emplr
2023$13.5M · 148 accts · $294K emplr
2022$12.1M · 150 accts · $285K emplr
2020$11.7M · 128 accts · $289K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,995
Total administrative$5,995
The G & L Davis Meat Co., Inc. 401(k) match · 2024
Employer contribution per active participant$2,717
Median for plans this size$2,416
2024$2,717 per active participant
2023$2,411 per active participant
2022$2,241 per active participant
2020$2,391 per active participant

G & L Davis Meat Co., 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$5,994
PINNACLE INVESTMENTS INC · Other servicesindirect comp

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

Administrative cost history4
2024$5,995 · 0.04%
2023$4,666 · 0.04%
2022$6,041 · 0.05%
2020$36,733 · 0.35%
Similar plansRetail Trade · New York
Bmw of Manhattan, Inc. NY$15.7M · 0.41%
Jrsk, Inc. dba Away NY$15.5M · 0.48%
Diesel USA, Inc. NY$15.2M · 0.11%
Paperless Inc. NY$14.6M · 0.42%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 161163318 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.