Plan Ledger DOL Form 5500 · updated monthly

Sefar Inc.Profit-sharing plan

SEFAR 401(K) PLAN · DEPEW, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Sefar Inc. reported $9,524 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,878 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 0.03% to 0.04%. 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 2,278th-largest of 5,648 plans among New York employers on file, and the 5,346th of 13,661 in manufacturing. In 2024, employees put in $2.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,534,888
Participants with balances227
Active participants164
Employer contributions$308,044
Employee contributions$805,035
Employer contribution per active participant$1,878
Average account balance$103,678
Benefits paid to participants$1,978,929
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 227 accts · $308K emplr
2023$21.6M · 229 accts · $309K emplr
2022$18.5M · 273 accts · $292K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,524
Total administrative$9,524
Employer contributions to the Sefar Inc. plan · 2024
Employer contribution per active participant$1,878
Median for plans this size$2,416
2024$1,878 per active participant
2023$1,757 per active participant
2022$1,647 per active participant

Sefar 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 · 20241
JOHN HANCOCK NEW YORK · Recordkeeping · Investment management$2,022

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$9,524 · 0.04%
2023$7,299 · 0.04%
2022$7,274 · 0.03%
Same employer
Similar plansManufacturing · New York
Unilock New York, Inc. NY$23.6M · 0.13%
Voyetra Turtle Beach, Inc. NY$23.4M · 0.14%
Vie de France Yamazaki Inc NY$23.2M · 0.39%
Cpi Aerostructures, Inc. NY$22.9M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135438420 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.