Plan Ledger DOL Form 5500 · updated monthly

Garafalo Markets, LLC401(k)

GARAFALO MARKETS, LLC 401(K) PROFIT SHARING PLAN · MILFORD, CT · plan year 2025

Reported admin expense ratio · 2025
0.37%

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

Garafalo Markets, LLC reported $70,039 in plan administrative expenses for 2025: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,645 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 has held roughly steady near 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Connecticut (555th of 1,106), and the 1,438th of 5,215 in retail trade. In 2025, employees put in $2.20 for every $1.00 the employer contributed; active participation has shrunk from 888 to 227 since 2022.

Plan summary
Net assets, end of year$20,289,702
Participants with balances210
Active participants227
Employer contributions$373,325
Employee contributions$821,100
Employer contribution per active participant$1,645
Average account balance$96,618
Benefits paid to participants$1,474,616
Plan auditUnmodified (clean) audit opinion
AuditorCAPOSSELA, COHEN, LLC
Plan history4
Yearassets · accounts · employer contribution
2025$20.3M · 210 accts · $373K emplr
2024$18.0M · 190 accts · $379K emplr
2023$16.4M · 202 accts · $396K emplr
2022$14.4M · 211 accts · $435K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$33,568
Investment management$36,471
Total administrative$70,039
The Garafalo Markets, LLC 401(k) match · 2025
Employer contribution per active participant$1,645
Median for plans this size$2,666
2025$1,645 per active participant
2024$1,716 per active participant
2023$1,824 per active participant
2022$490 per active participant

Garafalo Markets, LLC's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$33,568
TRINITYPOINT WEALTH · Investment advisory (plan)$36,471

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

Recordkeeper by year3
2025The Standard
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$70,039 · 0.37%
2024$65,960 · 0.38%
2023$60,935 · 0.40%
2022$57,520 · 0.38%
Same employer
Similar plansRetail Trade · Connecticut
Miller Motorcars, Inc. CT$27.9M · 0.39%
The Lovesac Company CT$24.8M · 0.05%
L.H. Gault & Son, Inc. CT$19.1M · 0.20%
Gengras Motor Cars, Inc. CT$17.9M · 0.41%
Orlor, Inc CT$17.4M · 0.18%
Harte Nissan, Inc. CT$16.3M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464483467 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.