Plan Ledger DOL Form 5500 · updated monthly

Vormittag Associates Inc401(k)

VORMITTAG ASSOCIATES INC 401(K) PROFIT SHARING PLAN & TRUST · RONKONKOMA, NY · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Vormittag Associates Inc reported $101,843 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.43% to 0.29%. 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 1,668th-largest of 5,648 plans among New York employers on file, and the 3,822nd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$38,032,891
Participants with balances228
Active participants185
Employer contributions$0
Employee contributions$2,024,280
Employer contribution per active participant$0
Average account balance$166,811
Benefits paid to participants$1,152,158
Plan auditUnmodified (clean) audit opinion
AuditorCULLEN & DANOWSKI, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$38.0M · 228 accts
2023$32.4M · 210 accts
2022$27.1M · 213 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,636
Investment management$57,887
Trustee / custodial$320
Total administrative$101,843
The Vormittag Associates Inc 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Vormittag Associates Inc's 2024 employer contribution ran below the $2,416 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 · 20242
PAYCHEX, INC. · Recordkeeping$43,636
MERRILL LYNCH, PIERCE, FENNER · Investment advisory (plan)$57,887

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

Recordkeeper by year2
2024Paychex
2023Bank of America / Merrill, LEVELIZED COMPENSATION ADVISOR, Paychex

This plan has changed recordkeepers within these filings. If you left Vormittag Associates Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$101,843 · 0.29%
2023$90,933 · 0.31%
2022$127,170 · 0.43%
Same employer
Similar plansManufacturing · New York
Tonoga , Inc. NY$38.7M · 0.17%
Hannay Reels, Inc. NY$38.4M · 0.16%
Sabin Metal Corporation NY$38.4M · 0.36%
Easter Unlimited , Inc. NY$38.3M · 0.35%
Wonton Food Inc. NY$37.2M · 0.03%
Grace Industries LLC NY$37.1M · 0.03%
Magnetic Analysis Corp. NY$37.0M · 0.04%
Finch Paper LLC NY$37.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112532460 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.