Plan Ledger DOL Form 5500 · updated monthly

Mayer Bros. Apple Products Inc.401(k)

MAYER BROS. APPLE PRODUCTS INC. 401(K) RETIREMENT PLAN · WEST SENECA, NY · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Mayer Bros. Apple Products Inc. reported $24,329 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,799 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 0.11% to 0.09%. 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 the 1,981st-largest of 5,648 plans among New York employers on file, and the 4,542nd of 13,661 in manufacturing. In 2024, the employer put in $1.38 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$29,452,873
Participants with balances418
Active participants308
Employer contributions$1,478,028
Employee contributions$1,067,324
Employer contribution per active participant$4,799
Average account balance$70,461
Benefits paid to participants$2,405,780
Plan auditUnmodified (clean) audit opinion
AuditorLUMSDEN & MCCORMICK
Plan history3
Yearassets · accounts · employer contribution
2024$29.5M · 418 accts · $1.5M emplr
2023$25.7M · 417 accts · $1.5M emplr
2022$21.1M · 399 accts · $1.3M emplr
The Mayer Bros. Apple Products Inc. 401(k) match · 2024
Employer contribution per active participant$4,799
Median for plans this size$2,416
2024$4,799 per active participant
2023$4,614 per active participant
2022$3,923 per active participant

Mayer Bros. Apple Products Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
THE VANGUARD GROUP, INC. · Recordkeeping · Trustee (directed)$27,587

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$24,329 · 0.09%
2023$21,655 · 0.09%
2022$25,533 · 0.11%
Same employer
Similar plansManufacturing · New York
Titanx Engine Cooling, Inc NY$30.5M · 0.11%
Monaghan Medical Corp. NY$29.9M · 0.21%
Wac Lighting NY$29.6M · 0.43%
Beech-Nut Nutrition Company NY$29.4M · 0.06%
Pubworx Services LLC NY$29.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161113596 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.