Plan Ledger DOL Form 5500 · updated monthly

Syracuse Label Company, Inc.ESOP

SYRACUSE LABEL CO., INC. EMPLOYEE STOCK OWNERSHIP PLAN · N. SYRACUSE, NY · plan year 2024

Employer contribution per participant · 2024
$6,128

Syracuse Label Company, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $26,393,563 across 205 participant accounts, with employer contributions averaging $6,128 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 2,124th-largest of 5,648 plans among New York employers on file, and the 1,151st of 5,215 in retail trade.

Plan summary
Net assets, end of year$26,393,563
Participants with balances205
Active participants140
Employer contributions$857,939
Employee contributions—
Employer contribution per active participant$6,128
Average account balance$128,749
Benefits paid to participants$908,285
Plan auditUnmodified (clean) audit opinion
AuditorBOWERS & COMPANY CPAS PLLC
Plan history2
Yearassets · accounts · employer contribution
2024$26.4M · 205 accts · $858K emplr
2023$20.9M · 197 accts · $949K emplr
Employer contributions to the Syracuse Label Company, Inc. plan · 2024
Employer contribution per active participant$6,128
Median for plans this size$2,416
2024$6,128 per active participant
2023$6,544 per active participant

Syracuse Label Company, Inc.'s 2024 employer contribution ran above the $2,416 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.

Administrative cost history2
2024Not separately reported
2023Not separately reported
All plans at this employer2
SYRACUSE LABEL COMPANY, INC. PROFIT SHARING PLAN401(k)
SYRACUSE LABEL CO., INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 161062515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.