Plan Ledger DOL Form 5500 · updated monthly

Seneca Foods Corporation401(k)

SENECA FOODS CORPORATION EMPLOYEES' SAVINGS PLAN · FAIRPORT, NY · plan year 2025

Reported admin expense ratio · 2025
0.34%

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

Seneca Foods Corporation reported $950,457 in plan administrative expenses for 2025: 0.34% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,134 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 4 years on file its reported administrative ratio has held roughly steady near 0.342%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other manufacturing employers. By assets it is the 342nd-largest of 5,648 plans among New York employers on file, and the 855th of 13,661 in manufacturing. In 2025, employees put in $5.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$297,545,436
Participants with balances9,424
Active participants2,815
Employer contributions$3,190,968
Employee contributions$18,418,919
Employer contribution per active participant$1,134
Average account balance$31,573
Benefits paid to participants$29,510,817
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH & BROWN, P.C.
Plan history4
Yearassets · accounts · employer contribution
2025$297.5M · 9,424 accts · $3.2M emplr
2024$258.1M · 9,179 accts · $2.8M emplr
2023$233.2M · 9,302 accts · $2.5M emplr
2022$218.4M · 8,503 accts · $2.1M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$255,531
Investment management$647,351
Audit (IQPA)$33,400
Total administrative$950,457
The Seneca Foods Corporation 401(k) match · 2025
Employer contribution per active participant$1,134
Median for plans this size$4,295
2025$1,134 per active participant
2024$981 per active participant
2023$846 per active participant
2022$717 per active participant

Seneca Foods Corporation's 2025 employer contribution ran below the $4,295 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20255
COTA STREET INVESTMENT MANAGEMENT · Investment management$375,711
WORLD INVESTMENT ADVISORS LLC · Investment advisory (plan)$183,400
FREED MAXICK CPAS PC · Accounting / audit$33,400
BOND SCHOENECK & KING PLLC · Legal$14,175

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

Administrative cost history4
2025$950,457 · 0.34%
2024$933,105 · 0.38%
2023$812,253 · 0.36%
2022$797,068 · 0.34%
Same employer
Similar plansManufacturing · New York
Astronics Corporation NY$325.3M · 0.09%
Veeco Instruments Inc. NY$317.2M · 0.05%
Toyota Tsusho America, Inc. NY$306.6M · 0.08%
Steel Services LTD NY$287.4M · 0.07%
Amneal Pharmaceuticals LLC NY$278.5M · 0.12%
Gleason Corporation NY$274.4M · 0.06%
Unifrax I LLC NY$262.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160733425 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.