Plan Ledger DOL Form 5500 · updated monthly

Swimwear Anywhere, Inc.401(k)

SWIMWEAR ANYWHERE, INC. 401(K) PROFIT SHARING PLAN · FARMINGDALE, NY · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Swimwear Anywhere, Inc. reported $85,575 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,376 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 3 years on file its reported administrative ratio has held roughly steady near 0.66%. 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 among the smaller plans on file in New York (3,148th of 5,648), and 7,580th of 13,661 in manufacturing. In 2024, employees put in $2.43 for every $1.00 the employer contributed; active participation has grown from 92 to 105 since 2022.

Plan summary
Net assets, end of year$13,424,213
Participants with balances133
Active participants105
Employer contributions$249,472
Employee contributions$607,091
Employer contribution per active participant$2,376
Average account balance$100,934
Benefits paid to participants$1,452,126
Plan auditUnmodified (clean) audit opinion
AuditorMACIAS, GINI & O'CONNELL,LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 133 accts · $249K emplr
2023$12.7M · 124 accts · $243K emplr
2022$11.0M · 110 accts · $120K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,452
Investment management$5,123
Total administrative$85,575
The Swimwear Anywhere, Inc. 401(k) match · 2024
Employer contribution per active participant$2,376
Median for plans this size$2,416
2024$2,376 per active participant
2023$2,272 per active participant
2022$1,304 per active participant

Swimwear Anywhere, 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 · 20242
JOHN HANCOCK NEW YORK · Recordkeeping$1,322
MILLENNIUM INVESTMENT AND RET · Investment advisory (participants)$5,123

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$85,575 · 0.66%
2023$79,346 · 0.67%
2022$73,810 · 0.63%
Similar plansManufacturing · New York
Hebeler Holdings LLC NY$13.4M · 0.00%
Nordon Inc NY$13.4M
Fair-Rite Products Corp. NY$13.4M · 0.59%
Altronix Corp NY$13.4M · 0.98%
Weber-Knapp Company, Inc. NY$13.2M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113443772 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.