Plan Ledger DOL Form 5500 · updated monthly

Gehring Tricot Corp.401(k)

GEHRING TRICOT CORP. 401(K) RETIREMENT SAVINGS PLAN · DOLGEVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Gehring Tricot Corp. reported $43,924 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $1,766 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 0.43%. 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 among the smaller plans on file in New York (3,533rd of 5,648), and 8,527th of 13,661 in manufacturing. In 2024, employees put in $2.15 for every $1.00 the employer contributed; active participation has shrunk from 212 to 130 since 2022.

Plan summary
Net assets, end of year$10,609,990
Participants with balances156
Active participants130
Employer contributions$229,571
Employee contributions$493,143
Employer contribution per active participant$1,766
Average account balance$68,013
Benefits paid to participants$1,063,943
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 156 accts · $230K emplr
2023$9.9M · 209 accts · $244K emplr
2022$9.2M · 215 accts · $255K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,909
Trustee / custodial$36,015
Total administrative$43,924
The Gehring Tricot Corp. 401(k) match · 2024
Employer contribution per active participant$1,766
Median for plans this size$2,416
2024$1,766 per active participant
2023$1,087 per active participant
2022$1,202 per active participant

Gehring Tricot Corp.'s 2024 employer contribution ran below 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 · 20243
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processingindirect comp
NBT BANCORP, N.A. · Trustee$43,924

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

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

Administrative cost history3
2024$43,924 · 0.43%
2023$39,180 · 0.41%
2022$40,605 · 0.42%
Same employer
Similar plansManufacturing · New York
Turn on Products, Inc. NY$10.7M · 0.70%
Harbec Inc NY$10.7M · 0.42%
Sepac, Inc NY$10.7M · 0.54%
Enbi Rochester, Inc. NY$10.6M · 0.36%
Hydro-Air Components, Inc. NY$10.5M · 0.38%
T & L Automatics, Inc. NY$10.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141401595 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.