Plan Ledger DOL Form 5500 · updated monthly

Rainbow Energy Center, LLC401(k)

RAINBOW ENERGY CENTER, LLC 401(K) PROFIT SHARING PLAN · BISMARCK, ND · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Rainbow Energy Center, LLC reported $70,943 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $9,216 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 rose from 0.32% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other utilities employers. By assets it is the 102nd-largest of 279 plans among North Dakota employers on file, and 252nd of 412 in utilities. In 2024, employees put in $1.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,063,303
Participants with balances224
Active participants208
Employer contributions$1,917,000
Employee contributions$3,110,204
Employer contribution per active participant$9,216
Average account balance$102,961
Benefits paid to participants$573,702
Plan auditUnmodified (clean) audit opinion
AuditorBRADY MARTZ
Plan history2
Yearassets · accounts · employer contribution
2024$23.1M · 224 accts · $1.9M emplr
2023$13.5M · 210 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Trustee / custodial$70,943
Total administrative$70,943
The Rainbow Energy Center, LLC 401(k) match · 2024
Employer contribution per active participant$9,216
Median for plans this size$2,416
2024$9,216 per active participant
2023$6,762 per active participant

Rainbow Energy Center, LLC's 2024 employer contribution ran above the $2,416 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.

Service providers · 20241
BNC NATIONAL BANK · Recordkeeping · Trustee$70,942

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

Recordkeeper by year2
2024BNC NATIONAL BANK
2023BNC NATIONAL BANK

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Administrative cost history2
2024$70,943 · 0.39%
2023$29,169 · 0.32%
Same employer
Similar plansUtilities · North Dakota
Otter Tail Corporation ND$411.1M · 0.09%
United Energy Trading, LLC ND$34.8M · 0.02%
Local Union 94 I.B.E.W. NJ$24.1M · 0.96%
Edl Holdings (US), Inc. MI$23.7M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 862817922 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.