Plan Ledger DOL Form 5500 · updated monthly

Sabin Metal Corporation401(k)

SABIN METAL CORPORATION 401(K) SAVINGS PLAN · EAST HAMPTON, NY · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Sabin Metal Corporation reported $126,990 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $5,194 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 0.36%. 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 1,653rd-largest of 5,648 plans among New York employers on file, and the 3,796th of 13,661 in manufacturing. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$38,368,430
Participants with balances537
Active participants256
Employer contributions$1,329,707
Employee contributions$1,241,879
Employer contribution per active participant$5,194
Average account balance$71,450
Benefits paid to participants$1,574,370
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.4M · 537 accts · $1.3M emplr
2023$32.8M · 538 accts · $1.3M emplr
2022$27.3M · 520 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,394
Investment management$59,596
Total administrative$126,990
The Sabin Metal Corporation 401(k) match · 2024
Employer contribution per active participant$5,194
Median for plans this size$2,416
2024$5,194 per active participant
2023$4,970 per active participant
2022$5,001 per active participant

Sabin Metal Corporation'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
ADP, INC. · Loan processing · Recordkeeping$76,956
PROCYON ADVISORS, LLC · Recordkeeping · Trustee$50,034
ADP BROKER-DEALERindirect 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, PROCYON ADVISORS, LLC
2023ADP, PROCYON ADVISORS, LLC

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Administrative cost history3
2024$126,990 · 0.36%
2023$115,813 · 0.39%
2022$117,708 · 0.37%
Same employer
Similar plansManufacturing · New York
Schenck USA Corp. NY$39.0M · 0.12%
Tonoga , Inc. NY$38.7M · 0.17%
Hannay Reels, Inc. NY$38.4M · 0.16%
Easter Unlimited , Inc. NY$38.3M · 0.35%
Vormittag Associates Inc NY$38.0M · 0.29%
Wonton Food Inc. NY$37.2M · 0.03%
Grace Industries LLC NY$37.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111736129 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.