Plan Ledger DOL Form 5500 · updated monthly

Square Deal Machining, Inc401(k)

SQUARE DEAL MACHINING, INC. 401(K) PLAN · MARATHON, NY · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Square Deal Machining, Inc reported $36,591 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $1,039 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 0.77% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (4,166th of 5,648), and 10,419th of 13,661 in manufacturing. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 113 to 261 since 2022.

Plan summary
Net assets, end of year$6,511,172
Participants with balances131
Active participants261
Employer contributions$271,222
Employee contributions$517,717
Employer contribution per active participant$1,039
Average account balance$49,704
Benefits paid to participants$429,206
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 131 accts · $271K emplr
2023$5.5M · 133 accts · $197K emplr
2022$2.3M · 100 accts · $170K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,175
Trustee / custodial$34,416
Total administrative$36,591
The Square Deal Machining, Inc 401(k) match · 2024
Employer contribution per active participant$1,039
Median for plans this size$1,313
2024$1,039 per active participant
2023$816 per active participant
2022$1,502 per active participant

Square Deal Machining, Inc's 2024 employer contribution ran below the $1,313 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
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Participant communicationindirect comp
NBT BANK. N.A. · Trustee$36,591

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$36,591 · 0.61%
2023$18,989 · 0.49%
2022$17,804 · 0.77%
Same employer
Similar plansManufacturing · New York
Robert Busse & Co., Inc. NY$6.7M · 0.52%
Idea Nuova, Inc. NY$6.7M · 0.02%
Dvf Studio, LLC NY$6.7M · 0.91%
Levain Bakery, Inc. NY$6.4M · 0.90%
Aakron Rule Corporation NY$6.4M · 0.80%
Seviroli Foods, LLC NY$6.4M · 0.17%
Haakon Industries, Inc. NY$6.4M · 1.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161556543 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.