Plan Ledger DOL Form 5500 · updated monthly

Triple Cities Metal Finishing Corporation401(k)

TRIPLE CITIES METAL FINISHING CORPORATION 401(K) PROFIT SHARING PLAN · BINGHAMTON, NY · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Triple Cities Metal Finishing Corporation reported $1,350 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,096 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 rose from 0.02% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (4,368th of 5,648), and 10,902nd of 13,661 in manufacturing. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,574,382
Participants with balances182
Active participants181
Employer contributions$198,422
Employee contributions$382,590
Employer contribution per active participant$1,096
Average account balance$30,628
Benefits paid to participants$503,138
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 182 accts · $198K emplr
2023$4.9M · 188 accts · $204K emplr
2022$2.2M · 130 accts · $131K emplr
The Triple Cities Metal Finishing Corporation 401(k) match · 2024
Employer contribution per active participant$1,096
Median for plans this size$1,313
2024$1,096 per active participant
2023$1,131 per active participant
2022$665 per active participant

Triple Cities Metal Finishing Corporation'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.

Administrative cost history3
2024$1,350 · 0.03%
2023$525 · 0.01%
2022$350 · 0.02%
Similar plansManufacturing · New York
Dyna-Empire Inc. NY$5.9M · 0.03%
Safari Energy, LLC NY$5.8M · 0.16%
Perse Beauty Inc NY$5.6M · 0.22%
Nicolia Industries Inc. NY$5.6M · 0.28%
Fieldtex Products, Inc. NY$5.5M · 0.42%
Intellimetal, Inc. NY$5.5M · 0.16%
Confer Plastics, Inc. NY$5.3M · 0.11%
10 East Copier, Inc. NY$5.3M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 150553436 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.