Plan Ledger DOL Form 5500 · updated monthly

Gp 50 New York LTD.401(k)

GP 50 NEW YORK LTD. 401(K) PROFIT SHARING PLAN · GRAND ISLAND, NY · plan year 2025

Reported admin expense ratio · 2025
0.92%

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

Gp 50 New York LTD. reported $63,142 in plan administrative expenses for 2025: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,529 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 fell from 1.13% to 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (4,004th of 5,648), and 9,908th of 13,661 in manufacturing. In 2025, employees put in $3.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,496,126
Participants with balances121
Active participants110
Employer contributions$168,224
Employee contributions$657,620
Employer contribution per active participant$1,529
Average account balance$61,951
Benefits paid to participants$592,605
Plan auditUnmodified (clean) audit opinion
AuditorJEFFREY L. OFFHAUS CPA, LLC
Plan history4
Yearassets · accounts · employer contribution
2025$7.5M · 121 accts · $168K emplr
2024$6.2M · 113 accts · $151K emplr
2023$5.4M · 127 accts · $157K emplr
2022$4.3M · 118 accts · $147K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$63,142
Total administrative$63,142
The Gp 50 New York LTD. 401(k) match · 2025
Employer contribution per active participant$1,529
Median for plans this size$1,464
2025$1,529 per active participant
2024$1,440 per active participant
2023$1,367 per active participant
2022$1,314 per active participant

Gp 50 New York LTD.'s 2025 employer contribution ran above the $1,464 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 · 20256
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$57,821
ACTUARIAL CONSULTING SERVICES, INC · Contract administrator · Other services$5,330
UPFSA INSURANCE AGENCY OF ARIZONA I · Other servicesindirect comp
UNITED PLANNERS' FINANCIAL SERVICES · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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
2025$63,142 · 0.92%
2024$56,894 · 0.99%
2023$36,825 · 0.76%
2022$50,746 · 1.13%
Similar plansManufacturing · New York
Monofrax LLC NY$7.5M · 0.46%
George Industries, LLC NY$7.5M · 0.25%
Icc Industries Inc. NY$7.5M · 0.00%
Sweeteners Plus LLC NY$7.4M · 0.32%
Byheart, Inc. NY$7.4M · 0.39%
Unicell Body Co., Inc. NY$7.3M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161265534 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.