Plan Ledger DOL Form 5500 · updated monthly

Granite Comfort LP401(k)

GRANITE COMFORT LP 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Granite Comfort LP reported $77,559 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,196 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 0.50% to 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (3,779th of 5,648), and 3,255th of 5,337 in construction. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 175 to 348 since 2022.

Plan summary
Net assets, end of year$8,900,098
Participants with balances245
Active participants348
Employer contributions$764,251
Employee contributions$1,442,883
Employer contribution per active participant$2,196
Average account balance$36,327
Benefits paid to participants$1,668,795
Plan auditUnmodified (clean) audit opinion
AuditorROSENFIELD & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 245 accts · $764K emplr
2023$7.3M · 216 accts · $699K emplr
2022$4.6M · 119 accts · $408K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,103
Investment management$25,956
Audit (IQPA)$17,500
Total administrative$77,559
The Granite Comfort LP 401(k) match · 2024
Employer contribution per active participant$2,196
Median for plans this size$1,313
2024$2,196 per active participant
2023$2,150 per active participant
2022$2,334 per active participant

Granite Comfort LP's 2024 employer contribution ran above 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 · 20244
ADP, INC. · Recordkeeping$34,103
BOWLINE FINANCIAL LLC · Recordkeeping · Pension consulting$25,956
GRANITE COMFORT LP · Recordkeeping · Pension consulting$17,500
ADP BROKER-DEALERindirect 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, BOWLINE FINANCIAL LLC, GRANITE COMFORT LP
2023ADP, BOWLINE FINANCIAL LLC

This plan has changed recordkeepers within these filings. If you left Granite Comfort LP before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$77,559 · 0.96%
2023$44,739 · 0.75%
2022$19,970 · 0.50%
Same employer
Similar plansConstruction · New York
Dow Electric, Inc. NY$9.4M · 0.73%
Bp Air Conditioning Corp. NY$9.3M · 0.18%
Rozell Industries, Inc. NY$8.1M · 0.52%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 841883539 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.