Plan Ledger DOL Form 5500 · updated monthly

Superior Washer & Gasket Corp.401(k)

SUPERIOR WASHER & GASKET CORP. 401(K) PLAN · HAUPPAUGE, NY · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Superior Washer & Gasket Corp. reported $32,519 in plan administrative expenses for 2024: 0.46% of average plan assets, below the peer median. Employer contributions averaged $3,139 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 0.50% to 0.46%. 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 (3,976th of 5,648), and 9,838th of 13,661 in manufacturing. In 2024, employees put in $1.46 for every $1.00 the employer contributed; active participation has shrunk from 92 to 79 since 2022.

Plan summary
Net assets, end of year$7,637,354
Participants with balances122
Active participants79
Employer contributions$248,000
Employee contributions$361,507
Employer contribution per active participant$3,139
Average account balance$62,601
Benefits paid to participants$304,223
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 122 accts · $248K emplr
2023$6.7M · 119 accts · $201K emplr
2022$5.5M · 114 accts · $145K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,689
Total administrative$32,519
The Superior Washer & Gasket Corp. 401(k) match · 2024
Employer contribution per active participant$3,139
Median for plans this size$1,313
2024$3,139 per active participant
2023$2,133 per active participant
2022$1,580 per active participant

Superior Washer & Gasket Corp.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
APS INVESTMENT MANAGEMENT, INC. · Investment advisory (plan)$30,689

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$32,519 · 0.46%
2023$30,562 · 0.50%
2022$30,392 · 0.50%
Similar plansManufacturing · New York
Thomas Electronics, Inc. NY$7.7M · 0.54%
Zenger Group, Inc NY$7.7M · 0.51%
Gourmet Boutique, LLC NY$7.7M · 0.98%
Robert E. Derecktor, Inc. NY$7.6M · 0.23%
Monofrax LLC NY$7.5M · 0.46%
George Industries, LLC NY$7.5M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112287669 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.