Plan Ledger DOL Form 5500 · updated monthly

Reliance, Inc.401(k)

PRECISION STRIP RETIREMENT AND SAVINGS PLAN · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Reliance, Inc. reported $40,090 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,350 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 0.03% to 0.01%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 45th-largest of 1,285 plans among Arizona employers on file, and the 719th of 13,661 in manufacturing. In 2024, the employer put in $1.12 for every $1.00 employees contributed themselves; active participation has grown from 1,414 to 1,571 since 2022.

Plan summary
Net assets, end of year$370,799,105
Participants with balances1,682
Active participants1,571
Employer contributions$11,547,549
Employee contributions$10,347,445
Employer contribution per active participant$7,350
Average account balance$220,451
Benefits paid to participants$30,434,623
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$370.8M · 1,682 accts · $11.5M emplr
2023$334.8M · 1,646 accts · $10.9M emplr
2022$278.7M · 1,554 accts · $9.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,090
Total administrative$40,090
The Reliance, Inc. 401(k) match · 2024
Employer contribution per active participant$7,350
Median for plans this size$4,294
2024$7,350 per active participant
2023$7,219 per active participant
2022$6,479 per active participant

Reliance, Inc.'s 2024 employer contribution ran above the $4,294 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$29,912

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$40,090 · 0.01%
2023$27,251 · 0.01%
2022$92,229 · 0.03%
Similar plansManufacturing · Arizona
Carlisle, LLC AZ$869.7M · 0.07%
Blue Yonder, Inc. AZ$704.3M · 0.05%
Avnet, Inc. AZ$624.3M · 0.03%
Benchmark Electronics, Inc. AZ$378.9M · 0.09%
Rogers Corporation AZ$244.5M · 0.06%
Axon Enterprise, Inc. AZ$228.6M · 0.25%
Mitel (Delaware), Inc. AZ$227.8M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341207681 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.