Plan Ledger DOL Form 5500 · updated monthly

Rainbo Oil Company401(k)

RAINBO OIL CO. 401(K) PLAN · DUBUQUE, IA · plan year 2024

Reported admin expense ratio · 2024
1.02%

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

Rainbo Oil Company reported $71,227 in plan administrative expenses for 2024: 1.02% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,558 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 0.89% to 1.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Iowa (629th of 878), and 3,249th of 4,246 in wholesale trade. In 2024, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,721,961
Participants with balances230
Active participants205
Employer contributions$319,385
Employee contributions$642,404
Employer contribution per active participant$1,558
Average account balance$33,574
Benefits paid to participants$218,083
Plan auditUnmodified (clean) audit opinion
AuditorWEGNER CPAS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 230 accts · $319K emplr
2023$6.2M · 221 accts · $277K emplr
2022$5.0M · 219 accts · $298K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,095
Investment management$39,926
Trustee / custodial$10,206
Total administrative$71,227
The Rainbo Oil Company 401(k) match · 2024
Employer contribution per active participant$1,558
Median for plans this size$1,313
2024$1,558 per active participant
2023$1,415 per active participant
2022$1,379 per active participant

Rainbo Oil Company's 2024 employer contribution ran above the $1,313 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
AVANTAX RETIREMENT PLAN SERVICES · Recordkeeping · Consulting$71,227

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

Recordkeeper by year2
2024AVANTAX RETIREMENT PLAN SERVICES
2023AVANTAX RETIREMENT PLAN SERVICES

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$71,227 · 1.02%
2023$56,950 · 1.02%
2022$48,517 · 0.89%
Similar plansWholesale Trade · Iowa
Molo Petroleum, LLC IA$10.0M · 0.52%
Doors Incorporated IA$8.9M · 0.00%
Pigott Inc IA$8.4M · 0.13%
Molo Oil Company IA$8.3M · 0.19%
United Beverage, Inc. IA$7.2M · 0.58%
C & S Products Co., Inc. IA$4.3M · 1.36%
Jmf Company IA$3.0M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420481740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.