Ynap Corporation 401(k) Review & Grade
Ynap 401(k) Savings Plan
Mahwah, NJRetail Trade610 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,258Employer $ per active participant
$2,315Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$25.3MNet plan assets, end of year
$42,314Average balance per account
Score breakdown
- Employer generosity35.0 / 5070th percentile for employer $ per participant
- Low cost7.9 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 32th |
| Employee saving | 39th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ynap put in about $1,258 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.39% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $768,276 |
| Participant (employee) contributions | $1,413,292 |
| Other contributions (incl. rollovers in) | $60,547 |
| Administrative expenses paid from the plan | $92,434 |
| Contract administrator fees | $81,027 |
| Investment advisory & management fees | $8,757 |
| Other admin expenses | $2,650 |
| Benefits paid out | $2,704,339 |
| Net assets, start / end of year | $22.3M / $25.3M |
| Active participants, start / end of year | 667 / 554 |
| Participants with account balances | 597 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Funaro & Co., P.C. |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $82,996 reported compensation |
| Voya Retirement Advisors, LLC | $8,598 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015132424NAL0002479891001, received 2025-10-15, EIN 61-1428780, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.