Plan Ledger DOL Form 5500 · updated monthly

Ultralife Corporation401(k)

ULTRALIFE CORPORATION 401(K) PLAN · NEWARK, NY · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Ultralife Corporation reported $103,902 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,907 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 0.51% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,876th-largest of 5,648 plans among New York employers on file, and the 4,302nd of 13,661 in manufacturing. In 2024, employees put in $2.20 for every $1.00 the employer contributed; active participation has grown from 240 to 409 since 2022.

Plan summary
Net assets, end of year$31,764,957
Participants with balances474
Active participants409
Employer contributions$779,949
Employee contributions$1,712,163
Employer contribution per active participant$1,907
Average account balance$67,015
Benefits paid to participants$2,566,859
Plan auditUnmodified (clean) audit opinion
AuditorFREED MAXICK CPAS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$31.8M · 474 accts · $780K emplr
2023$27.6M · 321 accts · $704K emplr
2022$23.5M · 297 accts · $611K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,481
Investment management$52,421
Total administrative$103,902
The Ultralife Corporation 401(k) match · 2024
Employer contribution per active participant$1,907
Median for plans this size$2,416
2024$1,907 per active participant
2023$2,698 per active participant
2022$2,547 per active participant

Ultralife Corporation's 2024 employer contribution ran below the $2,416 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
JOHN HANCOCK · Recordkeeping · Loan processing$52,777
UBS FINANCIAL SERVICES, INC. · Investment advisory (plan)$51,125

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$103,902 · 0.35%
2023$82,242 · 0.32%
2022$131,583 · 0.51%
Same employer
Similar plansManufacturing · New York
R.S.M. Electron Power, Inc NY$32.8M · 0.28%
Mercury Aircraft Inc. NY$32.1M · 0.16%
Safran Trusted 4D, Inc. NY$32.0M · 0.34%
Marquardt Switches, Inc. NY$31.7M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161387013 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.