Plan Ledger DOL Form 5500 · updated monthly

Oec Freight New York Inc.401(k)

OEC FREIGHT NEW YORK INC. 401(K) PROFIT SHARING PLAN & TRUST · ROSEDALE, NY · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Oec Freight New York Inc. reported $43,932 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $1,759 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 0.31% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 2,099th-largest of 5,648 plans among New York employers on file, and the 600th of 2,677 in transportation & warehousing. In 2024, employees put in $4.06 for every $1.00 the employer contributed; active participation has shrunk from 397 to 323 since 2022.

Plan summary
Net assets, end of year$26,927,538
Participants with balances412
Active participants323
Employer contributions$568,063
Employee contributions$2,307,370
Employer contribution per active participant$1,759
Average account balance$65,358
Benefits paid to participants$1,060,579
Plan auditUnmodified (clean) audit opinion
AuditorWEIWEI CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.9M · 412 accts · $568K emplr
2023$21.5M · 427 accts · $650K emplr
2022$16.6M · 485 accts · $678K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,932
Total administrative$43,932
The Oec Freight New York Inc. 401(k) match · 2024
Employer contribution per active participant$1,759
Median for plans this size$2,416
2024$1,759 per active participant
2023$1,866 per active participant
2022$1,707 per active participant

Oec Freight New York Inc.'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$43,932
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
2023ADP, Bank of America / Merrill

This plan has changed recordkeepers within these filings. If you left Oec Freight New York Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$43,932 · 0.18%
2023$52,578 · 0.28%
2022$51,039 · 0.31%
Same employer
Similar plansTransportation & Warehousing · New York
National Air Cargo, Inc. NY$29.2M · 0.35%
Air Tiger Express USA, Inc. NY$27.7M · 0.27%
The Gypsum Group NY$26.2M · 0.54%
Aer Lingus Limited NY$25.6M · 0.11%
Delaware Otsego Corporation NY$23.0M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113383302 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.