Plan Ledger DOL Form 5500 · updated monthly

Maplevale Farms, Inc.401(k)

MAPLEVALE FARMS, INC. 401(K) RETIREMENT PLAN · FALCONER, NY · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Maplevale Farms, Inc. reported $53,799 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $4,114 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 0.07% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 2,760th-largest of 5,648 plans among New York employers on file, and the 353rd of 2,240 in accommodation & food services. In 2024, employees put in $1.12 for every $1.00 the employer contributed; active participation has grown from 169 to 186 since 2022.

Plan summary
Net assets, end of year$16,999,262
Participants with balances216
Active participants186
Employer contributions$765,143
Employee contributions$860,553
Employer contribution per active participant$4,114
Average account balance$78,700
Benefits paid to participants$1,555,035
Plan auditUnmodified (clean) audit opinion
AuditorKERSEY & ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$17.0M · 216 accts · $765K emplr
2023$14.9M · 198 accts · $642K emplr
2022$15.5M · 220 accts · $684K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,798
Investment management$1
Total administrative$53,799
The Maplevale Farms, Inc. 401(k) match · 2024
Employer contribution per active participant$4,114
Median for plans this size$2,416
2024$4,114 per active participant
2023$3,258 per active participant
2022$4,046 per active participant

Maplevale Farms, Inc.'s 2024 employer contribution ran above 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 · 20241
JOHN HANCOCK · Loan processing · Recordkeeping$53,799

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$53,799 · 0.34%
2023$16,940 · 0.11%
2022$12,563 · 0.07%
Same employer
Similar plansAccommodation & Food Services · New York
Tao Group Operating, LLC NY$26.1M · 0.50%
Remarkable Foods, Inc. NY$23.0M · 0.10%
Nobu Group, LLC NY$18.2M · 0.97%
The Dinex Group, LLC NY$16.8M · 0.44%
E.J. Del Monte Corporation NY$16.1M · 0.59%
Operations Holdings, Inc. NY$15.4M · 0.27%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 160960649 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.