Plan Ledger DOL Form 5500 · updated monthly

Tri-City Highway Products, Inc.Profit-sharing plan

EMPIRE STATE HIGHWAY CONTRACTORS ASSOCIATION, INC. RETIREMENT PLAN FOR THE EMPLOYEES OF TRI-CITY HIGHWAY PRODUCTS, INC. · RICHMONDVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Tri-City Highway Products, Inc. reported $18,685 in plan administrative expenses for 2024: 0.73% of average plan assets, above the peer median. Employer contributions averaged $858 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 1.03% to 0.73%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (4,994th of 5,648), and 4,640th of 5,337 in construction. In 2024, the employer put in $1.93 for every $1.00 employees contributed themselves; active participation has shrunk from 81 to 63 since 2022.

Plan summary
Net assets, end of year$2,612,750
Participants with balances225
Active participants63
Employer contributions$54,082
Employee contributions$27,990
Employer contribution per active participant$858
Average account balance$11,612
Benefits paid to participants$148,568
Plan auditUnmodified (clean) audit opinion
AuditorFIRLEY, MORAN, FREER & EASSA CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$2.6M · 225 accts · $54K emplr
2023$2.5M · 227 accts · $50K emplr
2022$2.4M · 237 accts · $72K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,949
Audit (IQPA)$9,625
Total administrative$18,685
Employer contributions to the Tri-City Highway Products, Inc. plan · 2024
Employer contribution per active participant$858
Median for plans this size$1,313
2024$858 per active participant
2023$691 per active participant
2022$892 per active participant

Tri-City Highway Products, Inc.'s 2024 employer contribution ran below the $1,313 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
MILLIMAN · Recordkeeping · Pension consulting$5,953
FIRLEY, MORAN, FREER & EASSA,CPA PC · Accounting / audit$9,625

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$18,685 · 0.73%
2023$24,939 · 1.02%
2022$26,291 · 1.03%
Same employer
Similar plansConstruction · New York
Dandelion Energy Inc. NY$3.3M · 0.12%
Henick-Lane, Inc. NY$3.0M · 0.04%
Halcyon, Inc. NY$2.8M · 0.55%
Artimus Construction Inc. NY$2.4M · 0.18%
Lauramar Corp NY$2.3M · 0.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161634151 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.