Plan Ledger DOL Form 5500 · updated monthly

Art's Rental Equipment, Inc.401(k)

ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST · NEWPORT, KY · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Art's Rental Equipment, Inc. reported $149,554 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,699 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 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 215th-largest of 871 plans among Kentucky employers on file, and the 431st of 2,096 in real estate & leasing. In 2024, the employer put in $1.31 for every $1.00 employees contributed themselves; active participation has grown from 168 to 185 since 2022.

Plan summary
Net assets, end of year$31,885,186
Participants with balances265
Active participants185
Employer contributions$1,424,401
Employee contributions$1,087,911
Employer contribution per active participant$7,699
Average account balance$120,321
Benefits paid to participants$3,318,558
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.9M · 265 accts · $1.4M emplr
2023$29.7M · 214 accts · $1.6M emplr
2022$25.3M · 215 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,229
Investment management$106,825
Audit (IQPA)$13,500
Total administrative$149,554
The Art's Rental Equipment, Inc. 401(k) match · 2024
Employer contribution per active participant$7,699
Median for plans this size$2,416
2024$7,699 per active participant
2023$9,240 per active participant
2022$7,972 per active participant

Art's Rental Equipment, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$80,190
FIFTH THIRD BANK · Investment advisory (plan)$25,609
CLARK SCHAEFER HACKETT & CO · Accounting / audit$13,500

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$149,554 · 0.49%
2023$140,695 · 0.51%
2022$133,078 · 0.50%
Similar plansReal Estate & Leasing · Kentucky
Nts Development Company KY$35.4M · 0.01%
Oxford Development Company PA$32.0M · 0.13%
Snap Finance, LLC UT$32.0M · 0.36%
Hanna Holdings, Inc. PA$31.9M · 0.45%
Infusystem Holdings, Inc. MI$31.8M · 0.40%
Rpm Management, LLC NJ$31.8M · 0.29%
Debartolo Holdings, LLC FL$31.7M · 0.15%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 610956063 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.