Plan Ledger DOL Form 5500 · updated monthly

Dri-Steem Corporation401(k)

RPC SUBSIDIARIES 401(K) PLAN · EDEN PRAIRIE, MN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Dri-Steem Corporation reported $13,376 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,897 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 0.09% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 838th-largest of 1,918 plans among Minnesota employers on file, and the 5,505th of 13,661 in manufacturing. In 2024, employees put in $3.37 for every $1.00 the employer contributed; active participation has grown from 132 to 210 since 2022.

Plan summary
Net assets, end of year$22,398,313
Participants with balances262
Active participants210
Employer contributions$398,350
Employee contributions$1,341,627
Employer contribution per active participant$1,897
Average account balance$85,490
Benefits paid to participants$2,152,657
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$22.4M · 262 accts · $398K emplr
2023$20.1M · 200 accts · $347K emplr
2022$18.4M · 213 accts · $346K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,948
Investment management$8,128
Total administrative$13,376
The Dri-Steem Corporation 401(k) match · 2024
Employer contribution per active participant$1,897
Median for plans this size$2,416
2024$1,897 per active participant
2023$2,713 per active participant
2022$2,619 per active participant

Dri-Steem Corporation'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
SPECTRUM INVESTMENT ADVISORS INC · Investment advisory (plan)$8,128
QDRO CONSULTANTS COMPANY, LLC · Consulting$300

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$13,376 · 0.06%
2023$14,876 · 0.08%
2022$17,856 · 0.09%
Similar plansManufacturing · Minnesota
Wipaire Inc. MN$23.1M · 0.44%
Gls Companies MN$23.0M · 0.06%
Sportech, LLC MN$22.4M · 0.57%
Precision Associates, Inc. MN$22.0M · 0.17%
Water Gremlin Co. MN$22.0M · 0.33%
Avr, LLC MN$21.9M · 0.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 392015247 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.