Plan Ledger DOL Form 5500 · updated monthly

Goldbely, Inc.401(k)

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

Reported admin expense ratio · 2024
0.17%

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

Goldbely, Inc. reported $5,315 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 rose from 0.14% to 0.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (4,751st of 5,648), and the 1,089th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$3,629,147
Participants with balances161
Active participants113
Employer contributions$0
Employee contributions$920,885
Employer contribution per active participant$0
Average account balance$22,541
Benefits paid to participants$449,092
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM, SMITH + BROWN PC
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 161 accts
2023$2.7M · 152 accts
2022$1.6M · 164 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,784
Investment management$2,531
Total administrative$5,315
The Goldbely, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Goldbely, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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.

Administrative cost history3
2024$5,315 · 0.17%
2023$3,980 · 0.18%
2022$1,690 · 0.14%
Same employer
Similar plansAccommodation & Food Services · New York
Mighty Taco. Inc. NY$4.1M · 0.84%
Nicotra Group, LLC NY$3.8M · 0.05%
Mfpjjrt Enterprises, Inc. NY$3.7M · 0.90%
Cipriani USA Inc NY$3.6M · 0.62%
Van Jan Cabarets, Inc. NY$3.6M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455283537 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.