Plan Ledger DOL Form 5500 · updated monthly

Gray Metal Products Inc401(k)

GRAY METAL PRODUCTS INC 401(K) PROFIT SHARING PLAN & TRUST · AVON, NY · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Gray Metal Products Inc reported $19,587 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $241 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 0.69% to 0.61%. 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 (4,841st of 5,648), and 12,153rd of 13,661 in manufacturing. In 2024, employees put in $6.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,233,280
Participants with balances145
Active participants150
Employer contributions$36,164
Employee contributions$249,095
Employer contribution per active participant$241
Average account balance$22,298
Benefits paid to participants$649,289
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 145 accts · $36K emplr
2023$3.2M · 130 accts · $38K emplr
2022$3.0M · 164 accts · $42K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,020
Investment management$9,707
Trustee / custodial$860
Total administrative$19,587
The Gray Metal Products Inc 401(k) match · 2024
Employer contribution per active participant$241
Median for plans this size$1,313
2024$241 per active participant
2023$268 per active participant
2022$283 per active participant

Gray Metal Products 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$19,587 · 0.61%
2023$18,401 · 0.59%
2022$21,440 · 0.69%
Same employer
Similar plansManufacturing · New York
S Donadic Inc NY$3.5M · 0.04%
Aladdin Bakers, Inc. NY$3.4M · 0.61%
Harney & Sons Tea Corp. NY$3.3M · 1.21%
Spinco Metal Products Inc NY$3.1M · 0.39%
Forteq North America NY$3.1M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160455800 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.