Plan Ledger DOL Form 5500 · updated monthly

J.N. White Associates, Inc.401(k)

JN WHITE ASSOCIATES INC PROFIT SHARING PLAN · PERRY, NY · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

J.N. White Associates, Inc. reported $44,049 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,487 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 0.38% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (3,500th of 5,648), and 8,447th of 13,661 in manufacturing. In 2024, employees put in $2.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,797,410
Participants with balances118
Active participants106
Employer contributions$157,581
Employee contributions$348,539
Employer contribution per active participant$1,487
Average account balance$91,503
Benefits paid to participants$1,381,390
Plan auditUnmodified (clean) audit opinion
AuditorSARDONE ROBINSON AND ASSOCIATES LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 118 accts · $158K emplr
2023$10.5M · 121 accts · $301K emplr
2022$8.3M · 129 accts · $283K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,967
Investment management$25,082
Total administrative$44,049
The J.N. White Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$1,487
Median for plans this size$2,416
2024$1,487 per active participant
2023$2,734 per active participant
2022$2,418 per active participant

J.N. White Associates, 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 · 20245
MODERN WEALTH HOLDINGS LLC · Investment advisory (plan) · Contract administrator$22,848
LPL FINANCIAL · Investment advisory (plan)$6,533
BIA CONSULTING LLC · Contract administrator$93
HARTMAN CONSULTING, LLC · Contract administrator$70

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$44,049 · 0.41%
2023$51,259 · 0.55%
2022$34,045 · 0.38%
Similar plansManufacturing · New York
Syntec Technologies, Inc. NY$11.0M · 0.36%
Turn on Products, Inc. NY$10.7M · 0.70%
Harbec Inc NY$10.7M · 0.42%
Sepac, Inc NY$10.7M · 0.54%
Enbi Rochester, Inc. NY$10.6M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161068988 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.