Plan Ledger DOL Form 5500 · updated monthly

Polymedco, Inc.401(k)

POLYMEDCO, INC. 401(K) SAVINGS PLAN · CORTLANDT MANOR, NY · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Polymedco, Inc. reported $41,603 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $4,826 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 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New York (2,826th of 5,648), and 2,242nd of 4,246 in wholesale trade. In 2024, employees put in $2.33 for every $1.00 the employer contributed; active participation has grown from 73 to 99 since 2022.

Plan summary
Net assets, end of year$16,266,944
Participants with balances130
Active participants99
Employer contributions$477,780
Employee contributions$1,114,214
Employer contribution per active participant$4,826
Average account balance$125,130
Benefits paid to participants$3,300,357
Plan auditUnmodified (clean) audit opinion
AuditorGELTRUDE & COMPANY LLC.
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 130 accts · $478K emplr
2023$15.7M · 118 accts · $388K emplr
2022$12.1M · 99 accts · $159K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,502
Investment management$25,101
Total administrative$41,603
The Polymedco, Inc. 401(k) match · 2024
Employer contribution per active participant$4,826
Median for plans this size$2,416
2024$4,826 per active participant
2023$4,176 per active participant
2022$2,178 per active participant

Polymedco, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$25,101
ADP, INC. · Loan processing · Recordkeeping$16,502
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, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$41,603 · 0.26%
2023$38,066 · 0.27%
2022$40,951 · 0.27%
Similar plansWholesale Trade · New York
Robert James Sales, Inc. NY$16.6M · 0.21%
Casper Sleep Inc. NY$16.5M · 0.05%
Cleaner's Supply Inc. NY$16.4M · 0.13%
Enchante Accessories, Inc. NY$16.2M · 0.11%
B & F Electric Motors, Inc. NY$15.9M · 0.22%
Twos Company, Inc. NY$15.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133045754 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.