Plan Ledger DOL Form 5500 · updated monthly

Mold-Rite Plastics, LLC401(k)

MOLD-RITE PLASTICS 401(K) PLAN · PLATTSBURGH, NY · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Mold-Rite Plastics, LLC reported $206,298 in plan administrative expenses for 2024: 0.46% of average plan assets, above the peer median. Employer contributions averaged $2,062 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 0.40% to 0.46%. 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 1,399th-largest of 5,648 plans among New York employers on file, and the 3,245th of 13,661 in manufacturing. In 2024, employees put in $1.74 for every $1.00 the employer contributed; active participation has grown from 604 to 696 since 2022.

Plan summary
Net assets, end of year$48,086,637
Participants with balances837
Active participants696
Employer contributions$1,435,073
Employee contributions$2,492,110
Employer contribution per active participant$2,062
Average account balance$57,451
Benefits paid to participants$4,317,090
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$48.1M · 837 accts · $1.4M emplr
2023$42.0M · 849 accts · $1.2M emplr
2022$39.5M · 585 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$129,279
Investment management$68,805
Total administrative$206,298
The Mold-Rite Plastics, LLC 401(k) match · 2024
Employer contribution per active participant$2,062
Median for plans this size$2,416
2024$2,062 per active participant
2023$1,733 per active participant
2022$1,845 per active participant

Mold-Rite Plastics, LLC'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 · 20243
ADP, INC. · Loan processing · Recordkeeping$129,279
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$68,804
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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Administrative cost history3
2024$206,298 · 0.46%
2023$141,926 · 0.35%
2022$174,785 · 0.40%
Same employer
Similar plansManufacturing · New York
Fonar Corporation NY$50.1M · 0.01%
The Mentholatum Company NY$49.1M · 0.29%
Interplex Industries, Inc. NY$48.3M · 0.24%
Lsi Solutions NY$47.5M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272958234 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.