Plan Ledger DOL Form 5500 · updated monthly

Ongweoweh Corp.401(k)

ONGWEOWEH CORP. 401(K) PLAN · ITHACA, NY · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Ongweoweh Corp. reported $38,857 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $865 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 0.57% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New York (4,253rd of 5,648), and 3,476th of 4,246 in wholesale trade. In 2024, employees put in $3.34 for every $1.00 the employer contributed; active participation has grown from 129 to 159 since 2022.

Plan summary
Net assets, end of year$6,166,497
Participants with balances171
Active participants159
Employer contributions$137,457
Employee contributions$459,249
Employer contribution per active participant$865
Average account balance$36,061
Benefits paid to participants$474,764
Plan auditUnmodified (clean) audit opinion
AuditorINSERO & CO. CPA'S, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 171 accts · $137K emplr
2023$5.4M · 172 accts · $134K emplr
2022$4.3M · 175 accts · $142K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,203
Investment management$31,654
Total administrative$38,857
The Ongweoweh Corp. 401(k) match · 2024
Employer contribution per active participant$865
Median for plans this size$1,313
2024$865 per active participant
2023$939 per active participant
2022$1,099 per active participant

Ongweoweh Corp.'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 · 20243
SAGE RUTTY & CO INC · Investment advisory (plan)$28,654
RIMKUS MARCIANO & ASSOCIATES, INC. · Contract administrator$8,915

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

Administrative cost history3
2024$38,857 · 0.67%
2023$35,170 · 0.73%
2022$27,397 · 0.57%
Same employer
Similar plansWholesale Trade · New York
Le Vian Corp NY$6.4M · 0.00%
Nathel & Nathel, Inc. NY$6.2M · 0.08%
Farfetch.com US, LLC NY$6.2M · 0.62%
Travers Tool Co. Inc. NY$6.0M · 0.54%
Boxed, LLC NY$6.0M · 0.32%
Sam Tell & Son, Inc. NY$5.9M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161374508 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.