Plan Ledger DOL Form 5500 · updated monthly

New Reynolds Electric, Inc.401(k)

REYNOLDS ELECTRIC 401(K) PLAN · EUGENE, OR · plan year 2023

Reported admin expense ratio · 2023
0.62%

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

New Reynolds Electric, Inc. reported $41,222 in plan administrative expenses for 2023: 0.62% of average plan assets, above the peer median. Employer contributions averaged $3,214 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 has held roughly steady near 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Oregon (654th of 1,021), and 3,536th of 5,337 in construction. In 2023, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,254,314
Participants with balances176
Active participants106
Employer contributions$340,723
Employee contributions$466,111
Employer contribution per active participant$3,214
Average account balance$41,218
Benefits paid to participants$934,651
Plan auditUnmodified (clean) audit opinion
AuditorGEFFEN MESHER & COMPANY P.C.
Plan history2
Yearassets · accounts · employer contribution
2024$7.1M · 144 accts · $163K emplr
2023$7.3M · 176 accts · $341K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$41,222
Total administrative$41,222
The New Reynolds Electric, Inc. 401(k) match · 2023
Employer contribution per active participant$3,214
Median for plans this size$1,308
2024$3,541 per active participant
2023$3,214 per active participant

New Reynolds Electric, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ADP · Recordkeeping · Loan processing$24,302
SEAN ZIMMERMAN · Recordkeeping · Investment advisory (plan)indirect comp

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

Administrative cost history2
2024$43,696 · 0.61%
2023$41,222 · 0.62%
Same employer
Similar plansConstruction · Oregon
Taylor Metal, Inc. OR$7.7M · 0.08%
Lmc, Inc. OR$7.6M · 0.51%
Garner Electric, Co. OR$7.3M · 0.58%
Jet Industries, Inc. OR$6.6M · 0.20%
Neil Kelly Company, Inc. OR$6.0M · 0.91%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263781488 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.