Plan Ledger DOL Form 5500 · updated monthly

Transcat, Inc.401(k)

TRANSCAT, INC. LONG-TERM SAVINGS AND DEFERRED PS PLAN · ROCHESTER, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Transcat, Inc. reported $13,025 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,899 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 0.023%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,192nd-largest of 5,648 plans among New York employers on file, and the 681st of 4,246 in wholesale trade. In 2024, employees put in $2.71 for every $1.00 the employer contributed; active participation has grown from 852 to 981 since 2022.

Plan summary
Net assets, end of year$60,497,875
Participants with balances1,235
Active participants981
Employer contributions$1,862,857
Employee contributions$5,045,058
Employer contribution per active participant$1,899
Average account balance$48,986
Benefits paid to participants$7,003,528
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$60.5M · 1,235 accts · $1.9M emplr
2023$53.1M · 1,126 accts · $1.5M emplr
2022$42.5M · 1,040 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,025
Total administrative$13,025
The Transcat, Inc. 401(k) match · 2024
Employer contribution per active participant$1,899
Median for plans this size$3,635
2024$1,899 per active participant
2023$1,541 per active participant
2022$1,419 per active participant

Transcat, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$13,025

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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Administrative cost history3
2024$13,025 · 0.02%
2023$11,125 · 0.02%
2022$10,207 · 0.02%
Same employer
Similar plansWholesale Trade · New York
Randa Corp NY$67.1M · 0.32%
Kravet Inc. NY$66.1M · 0.29%
Darby Dental Supply, LLC NY$65.2M · 0.05%
Shake-N-Go Fashion, Inc. NY$59.9M · 0.22%
Gbg USA Inc. NY$59.7M · 0.41%
McGard LLC NY$58.9M · 0.08%
Trammo, Inc NY$57.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160874418 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.