Plan Ledger DOL Form 5500 · updated monthly

Hazmat Environmental Group, Inc.401(k)

HAZMAT ENVIRONMENTAL/KENWORTH NORTHEAST 401(K) PLAN · BUFFALO, NY · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Hazmat Environmental Group, Inc. reported $89,102 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $2,242 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 0.34% to 0.28%. 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 the 1,839th-largest of 5,648 plans among New York employers on file, and the 522nd of 2,677 in transportation & warehousing. In 2024, employees put in $2.13 for every $1.00 the employer contributed; active participation has grown from 440 to 489 since 2022.

Plan summary
Net assets, end of year$33,117,677
Participants with balances375
Active participants489
Employer contributions$1,096,469
Employee contributions$2,337,875
Employer contribution per active participant$2,242
Average account balance$88,314
Benefits paid to participants$3,530,360
Plan auditUnmodified (clean) audit opinion
AuditorKP LYNCH CPA, PC
Plan history3
Yearassets · accounts · employer contribution
2024$33.1M · 375 accts · $1.1M emplr
2023$29.6M · 342 accts · $1.0M emplr
2022$26.0M · 352 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,913
Investment management$41,189
Total administrative$89,102
The Hazmat Environmental Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,242
Median for plans this size$2,416
2024$2,242 per active participant
2023$2,315 per active participant
2022$2,288 per active participant

Hazmat Environmental Group, Inc.'s 2024 employer contribution ran below 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$47,913
LAWLEY RETIREMENT ADVISORS LLC · Investment advisory (plan)$25,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$16,189

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$89,102 · 0.28%
2023$89,729 · 0.32%
2022$98,974 · 0.34%
Same employer
Similar plansTransportation & Warehousing · New York
Wadhams Enterprises, Inc. NY$36.5M · 0.44%
National Cargo Bureau, Inc. NY$34.2M · 0.05%
Transervice Logistics, Inc. NY$33.7M · 0.03%
Avox Systems, Inc. NY$31.7M · 0.01%
Via Transportation, Inc. NY$31.5M · 0.03%
Janel Corporation NY$30.3M · 0.20%
Leonard's Express, Inc. NY$29.9M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061107757 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.