Plan Ledger DOL Form 5500 · updated monthly

Water Pure, Inc. dba Purity Products401(k)

WATER PURE, INC. 401(K) PLAN · PLAINVIEW, NY · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Water Pure, Inc. dba Purity Products reported $47,988 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,026 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 0.44% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New York (3,507th of 5,648), and the 2,497th of 5,215 in retail trade. In 2024, employees put in $2.50 for every $1.00 the employer contributed; active participation has shrunk from 108 to 95 since 2022.

Plan summary
Net assets, end of year$10,749,403
Participants with balances93
Active participants95
Employer contributions$192,469
Employee contributions$480,383
Employer contribution per active participant$2,026
Average account balance$115,585
Benefits paid to participants$1,009,284
Plan auditUnmodified (clean) audit opinion
AuditorWEISBERG, MOLE', KRANTZ & GOLDFARB,
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 93 accts · $192K emplr
2023$9.9M · 106 accts · $153K emplr
2022$8.0M · 106 accts · $129K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,988
Total administrative$47,988
The Water Pure, Inc. dba Purity Products 401(k) match · 2024
Employer contribution per active participant$2,026
Median for plans this size$2,416
2024$2,026 per active participant
2023$1,415 per active participant
2022$1,198 per active participant

Water Pure, Inc. dba Purity Products'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,987
WELLS FARGO CLEARING SERVICES LLC · Investment advisory (plan)indirect 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$47,988 · 0.47%
2023$41,017 · 0.46%
2022$37,163 · 0.44%
Similar plansRetail Trade · New York
C. Basil Ford, Inc. NY$11.0M · 0.41%
Denooyer/Metro Auto NY$10.9M · 0.39%
Caastle, Inc. NY$10.9M · 0.08%
Regional International Corp NY$10.5M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113170657 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.