Plan Ledger DOL Form 5500 · updated monthly

Pico Electronics, Inc.401(k)

PICO ELECTRONICS, INC. 401(K) RETIREMENT PLAN · PELHAM, NY · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Pico Electronics, Inc. reported $50,435 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $2,402 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 0.96% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,672nd-largest of 5,648 plans among New York employers on file, and the 6,323rd of 13,661 in manufacturing. In 2024, the employer put in $2.13 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$18,061,087
Participants with balances324
Active participants214
Employer contributions$513,977
Employee contributions$241,054
Employer contribution per active participant$2,402
Average account balance$55,744
Benefits paid to participants$1,852,367
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.1M · 324 accts · $514K emplr
2023$16.9M · 312 accts · $492K emplr
2022$15.0M · 313 accts · $480K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,969
Investment management$35,466
Total administrative$50,435
The Pico Electronics, Inc. 401(k) match · 2024
Employer contribution per active participant$2,402
Median for plans this size$2,416
2024$2,402 per active participant
2023$2,483 per active participant
2022$2,363 per active participant

Pico Electronics, 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 · 20242
UBS FINANCIAL SERVICES · Investment advisory (plan)$35,587

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$50,435 · 0.29%
2023$91,320 · 0.57%
2022$168,068 · 0.96%
Same employer
Similar plansManufacturing · New York
I3 Technology Group, LLC NY$18.4M · 0.14%
Crucible Industries, LLC NY$18.2M · 0.27%
G. a. Braun Incorporated NY$18.1M · 0.09%
Sticker Mule, LLC NY$18.0M · 0.56%
Atto Technology, Inc. NY$17.7M · 0.03%
Flower City Group, Inc. NY$17.6M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132589935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.