Plan Ledger DOL Form 5500 · updated monthly

Park Aerospace Corp.401(k)

PARK AEROSPACE CORP. EMPLOYEES' PROFIT SHARING AND 401(K) RETIREMENT SAVINGS PLAN · WESTBURY, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Park Aerospace Corp. reported $22,481 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,040 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 3 years on file its reported administrative ratio has held roughly steady near 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 2,721st-largest of 5,648 plans among New York employers on file, and 461st of 786 in management of companies. In 2024, employees put in $2.02 for every $1.00 the employer contributed; active participation has grown from 107 to 126 since 2022.

Plan summary
Net assets, end of year$17,520,468
Participants with balances165
Active participants126
Employer contributions$131,027
Employee contributions$264,734
Employer contribution per active participant$1,040
Average account balance$106,185
Benefits paid to participants$1,426,094
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.5M · 165 accts · $131K emplr
2023$16.4M · 158 accts · $43K emplr
2022$14.4M · 168 accts · $150K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,481
Total administrative$22,481
The Park Aerospace Corp. 401(k) match · 2024
Employer contribution per active participant$1,040
Median for plans this size$2,416
2024$1,040 per active participant
2023$401 per active participant
2022$1,406 per active participant

Park Aerospace Corp.'s 2024 employer contribution ran below the $2,416 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 · 20241
NEWPORT GROUP, INC. · Recordkeeping$22,691

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$22,481 · 0.13%
2023$8,812 · 0.06%
2022$21,364 · 0.14%
Similar plansManagement of Companies · New York
Trade Supply Group, LLC NY$24.6M · 0.41%
Charge Enterprises, Inc. NY$21.4M · 0.42%
Vccp North America, Inc. NY$20.3M · 0.60%
Drivewealth Holdings, Inc. NY$16.8M · 0.33%
Marwood Group & Co. USA LLC NY$16.2M · 0.73%
P&F Industries, Inc. NY$15.6M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111734643 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.