Plan Ledger DOL Form 5500 · updated monthly

Hudson Valley Lighting Inc401(k)

HUDSON VALLEY LIGHTING INC 401(K) PROFIT SHARING PLAN & TRUST · WAPPINGERS FALLS, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Hudson Valley Lighting Inc reported $2,728 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,005 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 has held roughly steady near 0.044%. 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 (4,091st of 5,648), and 10,201st of 13,661 in manufacturing. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,961,409
Participants with balances171
Active participants170
Employer contributions$340,807
Employee contributions$659,066
Employer contribution per active participant$2,005
Average account balance$40,710
Benefits paid to participants$391,404
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 171 accts · $341K emplr
2023$5.4M · 156 accts · $305K emplr
2022$4.5M · 154 accts · $291K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,020
Investment management$848
Trustee / custodial$860
Total administrative$2,728
The Hudson Valley Lighting Inc 401(k) match · 2024
Employer contribution per active participant$2,005
Median for plans this size$1,313
2024$2,005 per active participant
2023$1,744 per active participant
2022$1,841 per active participant

Hudson Valley Lighting Inc'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.

Administrative cost history3
2024$2,728 · 0.04%
2023$3,448 · 0.07%
2022$2,426 · 0.04%
Similar plansManufacturing · New York
Chartwell Operations LLC NY$7.2M · 0.76%
Lourdes Industries, Inc. NY$7.1M · 0.33%
Amogy Inc. NY$7.0M · 0.71%
Rockland Bakery Inc. NY$6.9M · 0.49%
Linzer Products Corp. NY$6.8M · 0.32%
Robert Busse & Co., Inc. NY$6.7M · 0.52%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 141794056 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.