Plan Ledger DOL Form 5500 · updated monthly

Syracuse Foodservice Group, Inc.401(k)

THE WOLAK GROUP 401(K) PLAN · FALMOUTH, ME · plan year 2024

Reported admin expense ratio · 2024
0.37%

Syracuse Foodservice Group, Inc. reported $6,825 in plan administrative expenses for 2024: 0.37% of average plan assets, below the peer median. 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 0.49% to 0.37%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Maine (315th of 354), and 1,424th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$2,088,987
Participants with balances200
Active participants855
Employer contributions—
Employee contributions$479,745
Employer contribution per active participant—
Average account balance$10,445
Benefits paid to participants$262,095
Plan auditUnmodified (clean) audit opinion
AuditorBDMP ASSURANCE , LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.1M · 200 accts
2023$1.7M · 200 accts
2022$1.3M · 209 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,825
Total administrative$6,825
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
ADP, INC. · Loan processing · Recordkeeping$6,825

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$6,825 · 0.37%
2023$7,171 · 0.49%
2022$6,418 · 0.49%
Similar plansAccommodation & Food Services · Maine
The Witham Family, LLC ME$5.0M · 1.22%
Migis Hotel Group ME$4.5M · 0.77%
Sebago Brewing Company ME$3.9M · 0.56%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 161535756 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.