Plan Ledger DOL Form 5500 · updated monthly

Maco Bag Corporation401(k)

MACO BAG CORPORATION RETIREMENT SAVINGS PLAN · NEWARK, NY · plan year 2024

Reported admin expense ratio · 2024
0.98%

Maco Bag Corporation reported $26,457 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~75% of peers. 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 0.82% to 0.98%. 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 (4,975th of 5,648), and 12,448th of 13,661 in manufacturing. active participation has shrunk from 110 to 87 since 2022.

Plan summary
Net assets, end of year$2,709,637
Participants with balances75
Active participants87
Employer contributions—
Employee contributions$217,831
Employer contribution per active participant—
Average account balance$36,128
Benefits paid to participants$732,914
Plan auditUnmodified (clean) audit opinion
AuditorBOWERS & COMPANY CPAS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 75 accts
2023$2.7M · 106 accts
2022$2.1M · 102 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,457
Total administrative$26,457
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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$26,457
LAWLEY RETIREMENT ADVISORS · Investment advisory (plan)indirect comp

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$26,457 · 0.98%
2023$22,258 · 0.93%
2022$24,333 · 0.82%
All plans at this employer2
MACO BAG CORPORATION RETIREMENT SAVINGS PLAN401(k)
MACO BAG CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTESOP
Same employer
Similar plansManufacturing · New York
Cannon Industries, Inc. NY$2.9M · 0.29%
I Spiewak & Sons Inc NY$2.9M · 0.31%
Mini Graphics Inc NY$2.8M · 0.22%
Willet Dairy, LLC NY$2.8M · 0.33%
Weco Manufacturing Group NY$2.7M · 0.35%
Crye American, LLC NY$2.6M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160867483 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.