Plan Ledger DOL Form 5500 · updated monthly

Randa Corp401(k)

RANDA ACCESSORIES RETIREMENT SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Randa Corp reported $201,124 in plan administrative expenses for 2024: 0.32% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,307 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 0.29% to 0.32%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,099th-largest of 5,648 plans among New York employers on file, and the 623rd of 4,246 in wholesale trade. In 2024, employees put in $3.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$67,139,666
Participants with balances1,127
Active participants783
Employer contributions$1,023,087
Employee contributions$4,027,240
Employer contribution per active participant$1,307
Average account balance$59,574
Benefits paid to participants$6,006,763
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$67.1M · 1,127 accts · $1.0M emplr
2023$60.6M · 1,153 accts · $1.3M emplr
2022$54.8M · 1,199 accts · $933K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$201,124
Total administrative$201,124
The Randa Corp 401(k) match · 2024
Employer contribution per active participant$1,307
Median for plans this size$3,635
2024$1,307 per active participant
2023$1,641 per active participant
2022$1,148 per active participant

Randa Corp's 2024 employer contribution ran below the $3,635 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$201,123
LPL FINANCIAL LLC - RPCP · Investment advisory (plan)indirect 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$201,124 · 0.32%
2023$185,727 · 0.32%
2022$179,010 · 0.29%
Same employer
Similar plansWholesale Trade · New York
Laerdal Medical Corporation NY$69.8M · 0.26%
Kobrand Corporation NY$67.2M · 0.05%
Kravet Inc. NY$66.1M · 0.29%
Darby Dental Supply, LLC NY$65.2M · 0.05%
Transcat, Inc. NY$60.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221219640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.