Plan Ledger DOL Form 5500 · updated monthly

Metro Mattress Corporation401(k)

METRO MATTRESS 401K RETIREMENT PLAN · SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Metro Mattress Corporation reported $26,109 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $713 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 0.43% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New York (4,470th of 5,648), and 3,754th of 5,215 in retail trade. In 2024, employees put in $6.09 for every $1.00 the employer contributed; active participation has shrunk from 164 to 145 since 2022.

Plan summary
Net assets, end of year$5,027,710
Participants with balances191
Active participants145
Employer contributions$103,347
Employee contributions$629,215
Employer contribution per active participant$713
Average account balance$26,323
Benefits paid to participants$986,544
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 191 accts · $103K emplr
2023$4.5M · 183 accts · $102K emplr
2022$4.2M · 169 accts · $104K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,964
Investment management$13,145
Total administrative$26,109
The Metro Mattress Corporation 401(k) match · 2024
Employer contribution per active participant$713
Median for plans this size$1,313
2024$713 per active participant
2023$594 per active participant
2022$634 per active participant

Metro Mattress Corporation's 2024 employer contribution ran below 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.

Service providers · 20242
BENEFIT PLANS ADMIN SERVICES, INC. · Recordkeeping · Custodial (securities)$12,964
PINNACLE INVESTMENTS, LLC · Investment advisory (plan) · Investment management$13,145

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

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES, INC.
2023BENEFIT PLANS ADMIN SERVICES, INC.

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Administrative cost history3
2024$26,109 · 0.55%
2023$22,927 · 0.53%
2022$19,254 · 0.43%
Similar plansRetail Trade · New York
East Hills Chrysler Jeep NY$5.1M · 0.06%
Burdick Toyota, Inc. NY$5.1M · 0.33%
Bill Rapp, Inc. NY$5.0M · 0.70%
Murrays Cheese NY$4.9M · 0.51%
Jav Food Corp. NY$4.9M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521647690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.