Plan Ledger DOL Form 5500 · updated monthly

George Industries, LLC401(k)

GEORGE INDUSTRIES, LLC RETIREMENT SAVINGS PLAN · ENDICOTT, NY · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

George Industries, LLC reported $18,416 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,225 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 fell from 0.29% to 0.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (3,996th of 5,648), and 9,895th of 13,661 in manufacturing. In 2024, employees put in $3.03 for every $1.00 the employer contributed; active participation has shrunk from 141 to 117 since 2022.

Plan summary
Net assets, end of year$7,535,364
Participants with balances138
Active participants117
Employer contributions$143,365
Employee contributions$434,406
Employer contribution per active participant$1,225
Average account balance$54,604
Benefits paid to participants$1,426,679
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 138 accts · $143K emplr
2023$7.5M · 140 accts · $142K emplr
2022$6.5M · 133 accts · $138K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,990
Investment management$13,426
Total administrative$18,416
The George Industries, LLC 401(k) match · 2024
Employer contribution per active participant$1,225
Median for plans this size$1,313
2024$1,225 per active participant
2023$1,001 per active participant
2022$976 per active participant

George Industries, LLC's 2024 employer contribution ran below 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
KESTRA ADVISORY SERVICES · Recordkeeping · Trustee$13,425
ADP, INC. · Loan processing · Recordkeeping$4,961
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, KESTRA ADVISORY SERVICES
2023ADP, KESTRA ADVISORY SERVICES

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Administrative cost history3
2024$18,416 · 0.25%
2023$21,071 · 0.30%
2022$19,973 · 0.29%
Similar plansManufacturing · New York
Robert E. Derecktor, Inc. NY$7.6M · 0.23%
Monofrax LLC NY$7.5M · 0.46%
Icc Industries Inc. NY$7.5M · 0.00%
Gp 50 New York LTD. NY$7.5M · 0.92%
Sweeteners Plus LLC NY$7.4M · 0.32%
Byheart, Inc. NY$7.4M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812649897 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.