Plan Ledger DOL Form 5500 · updated monthly

Puig North America, Inc.401(k)

PUIG NORTH AMERICA SALARY DEFERRAL PLAN · NEW YORK CITY, NY · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Puig North America, Inc. reported $78,432 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,026 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 0.14% to 0.25%. 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 the 1,799th-largest of 5,648 plans among New York employers on file, and the 1,203rd of 4,246 in wholesale trade. In 2024, employees put in $2.57 for every $1.00 the employer contributed; active participation has grown from 171 to 507 since 2022.

Plan summary
Net assets, end of year$34,092,025
Participants with balances495
Active participants507
Employer contributions$1,027,267
Employee contributions$2,643,964
Employer contribution per active participant$2,026
Average account balance$68,873
Benefits paid to participants$1,636,625
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.1M · 495 accts · $1.0M emplr
2023$27.8M · 339 accts · $855K emplr
2022$22.2M · 338 accts · $700K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,304
Audit (IQPA)$37,128
Total administrative$78,432
The Puig North America, Inc. 401(k) match · 2024
Employer contribution per active participant$2,026
Median for plans this size$2,416
2024$2,026 per active participant
2023$4,911 per active participant
2022$4,094 per active participant

Puig North America, 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$41,304
CBIZ CPAS P.C. · Accounting / audit$37,128

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$78,432 · 0.25%
2023$54,574 · 0.22%
2022$35,500 · 0.14%
Same employer
Similar plansWholesale Trade · New York
Stark Carpet Corp. NY$34.5M · 0.09%
West Side Foods, Inc. NY$34.3M · 0.27%
Marjam Supply Company, Inc. NY$33.1M · 0.35%
Mast Jaegermeister US NY$33.0M · 0.09%
Andrew & Sons, LLC NY$31.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131978157 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.