Plan Ledger DOL Form 5500 · updated monthly

Silhouette Optical LTD.401(k)

SILHOUETTE OPTICAL LTD SAVINGS AND INVESTMENT PLAN · GREEN ISLAND, NY · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Silhouette Optical LTD. reported $55,831 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $3,024 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 fell from 0.35% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 2,534th-largest of 5,648 plans among New York employers on file, and the 1,890th of 4,246 in wholesale trade. In 2024, employees put in $2.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,959,402
Participants with balances118
Active participants124
Employer contributions$374,974
Employee contributions$965,102
Employer contribution per active participant$3,024
Average account balance$169,147
Benefits paid to participants$3,399,027
Plan auditUnmodified (clean) audit opinion
AuditorUHY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$20.0M · 118 accts · $375K emplr
2023$19.5M · 118 accts · $377K emplr
2022$17.6M · 126 accts · $359K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,756
Total administrative$55,831
The Silhouette Optical LTD. 401(k) match · 2024
Employer contribution per active participant$3,024
Median for plans this size$2,416
2024$3,024 per active participant
2023$3,144 per active participant
2022$2,991 per active participant

Silhouette Optical LTD.'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 · 20242
MORGANSTANLEYSMITHBARNEYLLC · Investment advisory (participants)$36,075
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$19,756

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$55,831 · 0.28%
2023$53,499 · 0.29%
2022$70,312 · 0.35%
Same employer
Similar plansWholesale Trade · New York
Hitachi Metals America, LTD NY$20.7M · 0.03%
Nasco Healthcare, Inc. NY$20.5M · 0.32%
Big Geyser Inc. NY$20.4M · 0.60%
Autarkic Holdings, Inc. NY$19.7M · 0.01%
The Vita Coco Company, Inc. NY$19.7M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133127280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.