Plan Ledger DOL Form 5500 · updated monthly

Grand River Navigation Company401(k)

GRAND RIVER NAVIGATION SHORESIDE 401(K) PLAN · WILLIAMSVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Grand River Navigation Company reported $42,653 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $3,690 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 0.21% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in New York (3,459th of 5,648), and the 1,089th of 2,677 in transportation & warehousing. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 85 to 123 since 2022.

Plan summary
Net assets, end of year$11,133,920
Participants with balances100
Active participants123
Employer contributions$453,856
Employee contributions$956,494
Employer contribution per active participant$3,690
Average account balance$111,339
Benefits paid to participants$790,645
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 100 accts · $454K emplr
2023$9.2M · 96 accts · $414K emplr
2022$7.4M · 107 accts · $453K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,906
Investment management$17,747
Total administrative$42,653
The Grand River Navigation Company 401(k) match · 2024
Employer contribution per active participant$3,690
Median for plans this size$2,416
2024$3,690 per active participant
2023$3,982 per active participant
2022$5,330 per active participant

Grand River Navigation Company's 2024 employer contribution ran above 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$24,906
CREATIVE PLANNING LLC · Investment advisory (plan)$15,000

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

Administrative cost history3
2024$42,653 · 0.42%
2023$29,838 · 0.36%
2022$15,991 · 0.21%
Similar plansTransportation & Warehousing · New York
Matthews Buses, Inc. NY$11.7M · 0.13%
Hampton Jitney, Inc. NY$10.7M · 0.46%
Talon Air, LLC NY$10.5M · 0.23%
Keith Titus Corp. NY$9.6M · 0.57%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 161465146 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.