Plan Ledger DOL Form 5500 · updated monthly

Northeast Grocery, Inc.401(k)

NORTHEAST GROCERY 401(K) PLAN · SCHENECTADY, NY · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Northeast Grocery, Inc. reported $428,727 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $839 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 1 year on file its reported administrative ratio fell from 0.09% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other retail trade employers. By assets it is the 209th-largest of 5,648 plans among New York employers on file, and the 104th of 5,215 in retail trade. In 2024, employees put in $1.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$552,661,620
Participants with balances7,105
Active participants17,703
Employer contributions$14,859,813
Employee contributions$21,518,414
Employer contribution per active participant$839
Average account balance$77,785
Benefits paid to participants$53,116,146
Plan auditUnmodified (clean) audit opinion
AuditorTEAL BECKER & CHIARAMONTE CPAS PC
Plan history2
Yearassets · accounts · employer contribution
2024$552.7M · 7,105 accts · $14.9M emplr
2023$491.5M · 8,296 accts · $11.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$227,131
Investment management$167,248
Audit (IQPA)$9,500
Total administrative$428,727
The Northeast Grocery, Inc. 401(k) match · 2024
Employer contribution per active participant$839
Median for plans this size$4,294
2024$839 per active participant
2023$815 per active participant

Northeast Grocery, Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$227,131
CAPFINANCIAL PARTNERS , LLC · Investment advisory (plan)$87,938
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$79,311
HARTER SECREST & EMERY LLP · Legal$24,848
TEAL, BECKER & CHIARAMONTE CPA'S P · Accounting / audit$9,500

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

Administrative cost history2
2024$428,727 · 0.08%
2023$292,496 · 0.09%
Similar plansRetail Trade · New York
Stewart's Shops Corp NY$896.8M · 0.02%
Barnes & Noble, Inc. NY$789.9M · 0.06%
Tapestry, Inc. NY$659.1M · 0.09%
Hbc US Holdings LLC NY$534.5M · 0.15%
Foot Locker, Inc. NY$449.5M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 863693178 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.