Plan Ledger DOL Form 5500 · updated monthly

Donald B. Rice Tire Company, Inc.401(k)

DONALD B. RICE TIRE COMPANY, INC. 401(K) PLAN · FREDERICK, MD · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Donald B. Rice Tire Company, Inc. reported $69,820 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,121 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 0.67% 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 the 755th-largest of 1,671 plans among Maryland employers on file, and the 1,781st of 5,215 in retail trade. In 2024, employees put in $4.59 for every $1.00 the employer contributed; active participation has grown from 205 to 257 since 2022.

Plan summary
Net assets, end of year$16,287,008
Participants with balances273
Active participants257
Employer contributions$288,124
Employee contributions$1,321,920
Employer contribution per active participant$1,121
Average account balance$59,659
Benefits paid to participants$846,629
Plan auditUnmodified (clean) audit opinion
AuditorLSWG, PA A
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 273 accts · $288K emplr
2023$13.5M · 253 accts · $263K emplr
2022$11.5M · 217 accts · $227K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,632
Investment management$33,490
Total administrative$69,820
The Donald B. Rice Tire Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,121
Median for plans this size$2,416
2024$1,121 per active participant
2023$1,136 per active participant
2022$1,106 per active participant

Donald B. Rice Tire Company, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20243
JOHN HANCOCK · Loan processing · Recordkeeping$23,854
AMERICAN RETIREMENT PLAN SERVICES · Recordkeeping$6,698
KESTRA ADVISORY SERVICES, LLC · Investment advisory (participants) · Investment advisory (plan)$33,490

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

Recordkeeper by year2
2024AMERICAN RETIREMENT PLAN SERVICES, John Hancock
2023Ascensus

This plan has changed recordkeepers within these filings. If you left Donald B. Rice Tire Company, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$69,820 · 0.47%
2023$60,377 · 0.48%
2022$79,758 · 0.67%
Same employer
Similar plansRetail Trade · Maryland
Tcps, Inc. MD$17.9M · 0.43%
Sport Chevrolet Company LLC MD$17.5M · 0.75%
Cabinet Discounters, Inc. MD$17.4M · 0.20%
Brandywine Auto Parts, Inc. MD$15.5M · 0.31%
Herson's, Inc MD$15.0M · 0.42%
Gladding Chevrolet, Inc. MD$14.9M · 0.70%
Dtlr, Inc. MD$14.6M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520710070 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.