Plan Ledger DOL Form 5500 · updated monthly

Race Winning Brands, Inc.401(k)

RACE WINNING BRANDS, INC. EMPLOYEES' 401(K) PLAN · MENTOR, OH · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Race Winning Brands, Inc. reported $189,367 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,796 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 rose from 0.38% to 0.48%. 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 737th-largest of 3,295 plans among Ohio employers on file, and the 3,510th of 13,661 in manufacturing. In 2024, employees put in $2.27 for every $1.00 the employer contributed; active participation has shrunk from 1,106 to 876 since 2022.

Plan summary
Net assets, end of year$42,885,520
Participants with balances976
Active participants876
Employer contributions$1,573,168
Employee contributions$3,578,066
Employer contribution per active participant$1,796
Average account balance$43,940
Benefits paid to participants$3,960,512
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.9M · 976 accts · $1.6M emplr
2023$36.6M · 1,136 accts · $1.7M emplr
2022$29.0M · 1,070 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$110,192
Investment management$70,145
Audit (IQPA)$9,030
Total administrative$189,367
The Race Winning Brands, Inc. 401(k) match · 2024
Employer contribution per active participant$1,796
Median for plans this size$2,416
2024$1,796 per active participant
2023$1,721 per active participant
2022$1,238 per active participant

Race Winning Brands, Inc.'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$110,192
THE PATRIOT FINANCIAL GROUP, LLC · Investment advisory (plan)$70,145
CBIZ MHM, LLC · Accounting / audit$9,030

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$189,367 · 0.48%
2023$163,144 · 0.50%
2022$112,801 · 0.38%
Same employer
Similar plansManufacturing · Ohio
Metalex Manufacturing, Inc. OH$44.7M · 0.25%
Evenflo Company, Inc. OH$44.5M · 0.22%
Jefferson Industries Corp. OH$42.5M · 0.02%
Smithers-Oasis Company OH$42.1M · 0.09%
Norman Noble, Inc. OH$42.0M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814827266 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.