Plan Ledger DOL Form 5500 · updated monthly

R & K Solutions, IncESOP

R & K SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · ROANOKE, VA · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

R & K Solutions, Inc reported $50 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $23,379 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 1 year on file its reported administrative ratio fell from 0.001% to 0.001%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,428th of 2,266), and 7,825th of 11,654 in professional & technical services. active participation has shrunk from 61 to 52 since 2022.

Plan summary
Net assets, end of year$10,565,223
Participants with balances108
Active participants52
Employer contributions$1,215,717
Employee contributions—
Employer contribution per active participant$23,379
Average account balance$97,826
Benefits paid to participants$625,897
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 108 accts · $1.2M emplr
2023$8.9M · 119 accts
2022$6.9M · 122 accts · $500K emplr
Employer contributions to the R & K Solutions, Inc plan · 2024
Employer contribution per active participant$23,379
Median for plans this size$1,313
2024$23,379 per active participant
2022$8,197 per active participant

R & K Solutions, Inc's 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$50 · 0.00%
2023$55 · 0.00%
2022Not separately reported
Similar plansProfessional & Technical Services · Virginia
Crofton Diving Corporation VA$10.6M · 0.45%
Intact Technology Inc VA$10.6M · 0.39%
Miracle Systems LLC VA$10.6M · 0.39%
The Moore Companies Inc. VA$10.4M · 0.47%
Iworks Corporation VA$10.3M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541733516 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.