Plan Ledger DOL Form 5500 · updated monthly

Wellsville Carpet Town, Inc.401(k)

WELLSVILLE CARPET TOWN, INC. 401K RETIREMENT PLAN · WESTONS MILLS, NY · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Wellsville Carpet Town, Inc. reported $55,519 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,836 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 0.55% to 0.52%. 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 (3,372nd of 5,648), and the 2,321st of 5,215 in retail trade. In 2024, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,674,898
Participants with balances341
Active participants275
Employer contributions$504,774
Employee contributions$867,696
Employer contribution per active participant$1,836
Average account balance$34,237
Benefits paid to participants$987,682
Plan auditUnmodified (clean) audit opinion
AuditorPROTO & LOSKEY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 341 accts · $505K emplr
2023$9.8M · 334 accts · $470K emplr
2022$7.5M · 326 accts · $470K emplr
The Wellsville Carpet Town, Inc. 401(k) match · 2024
Employer contribution per active participant$1,836
Median for plans this size$2,416
2024$1,836 per active participant
2023$1,743 per active participant
2022$1,711 per active participant

Wellsville Carpet Town, Inc.'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 · 20243
CAPITAL RESEARCH AND MANAGEMENT CO · Recordkeeping · Investment management$10,655
STERLING INVESTMENT COUNSEL LLC · Pension consulting · Investment advisory (participants)$40,565
RIMKUS, MARCIANO & ASSOCIATES, INC. · Accounting / audit · Actuarial$4,300

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

Recordkeeper by year2
2024CAPITAL RESEARCH AND MANAGEMENT CO
2023CAPITAL RESEARCH AND MANAGEMENT CO

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Administrative cost history3
2024$55,519 · 0.52%
2023$45,904 · 0.53%
2022$43,924 · 0.55%
Same employer
Similar plansRetail Trade · New York
Hirshleifers, Inc. NY$12.2M · 0.19%
Nissan 112 Sales Corp. NY$12.1M · 1.03%
Blue Apron Holdings, Inc. NY$12.0M · 0.11%
Habberstad Motorsport, Inc. NY$11.9M · 0.72%
Moncler USA, Inc NY$11.6M · 0.63%
Alpin Haus Ski Shop, Inc. NY$11.5M · 0.28%
The Premier Collection, LLC NY$11.5M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160984959 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.