Plan Ledger DOL Form 5500 · updated monthly

Panichi Holding Corp. D/B/A Royal Carting Service Co.401(k)

ROYAL CARTING SERVICE CO. 401(K) PLAN · HOPEWELL JUNCTION, NY · plan year 2023

Reported admin expense ratio · 2023
0.02%

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

Panichi Holding Corp. D/B/A Royal Carting Service Co. reported $4,010 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,098 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 0.01% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other administrative & support services employers. By assets it is the 2,067th-largest of 5,648 plans among New York employers on file, and the 478th of 2,534 in administrative & support services. In 2023, employees put in $1.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,716,034
Participants with balances199
Active participants167
Employer contributions$684,391
Employee contributions$960,180
Employer contribution per active participant$4,098
Average account balance$139,277
Benefits paid to participants$1,297,722
Plan auditUnmodified (clean) audit opinion
AuditorPRAGERMETIS CPA'S LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 94 accts
2023$27.7M · 199 accts · $684K emplr
2022$24.0M · 196 accts · $688K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,010
Total administrative$4,010
The Panichi Holding Corp. D/B/A Royal Carting Service Co. 401(k) match · 2023
Employer contribution per active participant$4,098
Median for plans this size$2,440
2023$4,098 per active participant
2022$4,069 per active participant

Panichi Holding Corp. D/B/A Royal Carting Service Co.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ASSOCIATED PENSION CONSULTANTS · Other servicesindirect comp

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$20,040 · 0.11%
2023$4,010 · 0.02%
2022$2,810 · 0.01%
Similar plansAdministrative & Support Services · New York
Emplova, LLC NY$29.5M · 0.40%
Opal Fuels LLC NY$29.0M · 0.02%
Reenergy Holdings LLC NY$27.8M · 0.30%
First Protocol, Inc. NY$27.6M · 0.54%
B-Tds, Inc. NY$26.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141777670 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.