Plan Ledger DOL Form 5500 · updated monthly

Warren W. Fane, Inc.401(k)

WARREN W. FANE, INC. PROFIT SHARING/401(K) PLAN · TROY, NY · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Warren W. Fane, Inc. reported $86,758 in plan administrative expenses for 2024: 0.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,887 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 0.76%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (3,364th of 5,648), and 2,841st of 5,337 in construction. In 2024, the employer put in $1.47 for every $1.00 employees contributed themselves; active participation has grown from 103 to 116 since 2022.

Plan summary
Net assets, end of year$11,759,147
Participants with balances133
Active participants116
Employer contributions$450,917
Employee contributions$306,949
Employer contribution per active participant$3,887
Average account balance$88,415
Benefits paid to participants$674,513
Plan auditUnmodified (clean) audit opinion
AuditorTEAL, BECKER, & CHIARAMONTE CPAS PC
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 133 accts · $451K emplr
2023$11.2M · 136 accts · $379K emplr
2022$9.3M · 132 accts · $358K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,758
Total administrative$86,758
The Warren W. Fane, Inc. 401(k) match · 2024
Employer contribution per active participant$3,887
Median for plans this size$2,416
2024$3,887 per active participant
2023$3,539 per active participant
2022$3,474 per active participant

Warren W. Fane, Inc.'s 2024 employer contribution ran above 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 · 20243
STRATEGIC PENSION SERVICES, LLC · Contract administrator$890
MORGAN STANLEY INSURANCE SERVICESindirect comp

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

Administrative cost history3
2024$86,758 · 0.76%
2023$73,267 · 0.72%
2022$69,154 · 0.73%
Same employer
Similar plansConstruction · New York
Demco New York Corp. NY$12.1M · 0.72%
Tambe Electric, Inc. NY$12.0M · 0.34%
Mega Contracting Group LLC NY$11.5M · 0.08%
Taconic Builders, Inc. NY$11.5M · 0.46%
Stone Source, LLC. NY$11.3M · 0.87%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 141663427 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.