Plan Ledger DOL Form 5500 · updated monthly

Schneider Packaging Equipment401(k)

SCHNEIDER PACKAGING EQUIPMENT 401(K) PROFIT SHARING PLAN & TRUST · BREWERTON, NY · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Schneider Packaging Equipment reported $102,026 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,492 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 0.39% to 0.47%. 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 2,259th-largest of 5,648 plans among New York employers on file, and the 5,302nd of 13,661 in manufacturing. In 2024, employees put in $3.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,778,911
Participants with balances302
Active participants219
Employer contributions$545,668
Employee contributions$1,690,871
Employer contribution per active participant$2,492
Average account balance$78,738
Benefits paid to participants$1,993,094
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$23.8M · 302 accts · $546K emplr
2023$20.0M · 296 accts · $480K emplr
2022$15.9M · 256 accts · $361K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,919
Investment management$34,997
Audit (IQPA)$26,250
Trustee / custodial$860
Total administrative$102,026
The Schneider Packaging Equipment 401(k) match · 2024
Employer contribution per active participant$2,492
Median for plans this size$2,416
2024$2,492 per active participant
2023$2,107 per active participant
2022$1,806 per active participant

Schneider Packaging Equipment's 2024 employer contribution ran above 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 · 20243
PAYCHEX, INC. · Recordkeeping$32,884
EVEREST CONSULTANTS · Investment advisory (participants)$34,997
ERISA FIDUCIARY SERVICES, INC. · Contract administrator$7,905

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Paychex
2023ERISA FIDUCIARY SERVICES, INC., EVEREST CONSULTANTS, Paychex, RSM US LLP

This plan has changed recordkeepers within these filings. If you left Schneider Packaging Equipment before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$102,026 · 0.47%
2023$69,606 · 0.39%
2022$67,894 · 0.39%
Same employer
Similar plansManufacturing · New York
Unilock New York, Inc. NY$23.6M · 0.13%
Sefar Inc. NY$23.5M · 0.04%
Voyetra Turtle Beach, Inc. NY$23.4M · 0.14%
Vie de France Yamazaki Inc NY$23.2M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160991432 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.