Plan Ledger DOL Form 5500 · updated monthly

Ranpak Corp.401(k)

RANPAK CORP. 401(K) PROFIT SHARING PLAN AND TRUST · CONCORD TOWNSHIP, OH · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Ranpak Corp. reported $61,865 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,763 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 0.34% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,221st-largest of 3,295 plans among Ohio employers on file, and the 1,725th of 4,246 in wholesale trade. In 2024, employees put in $2.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,404,346
Participants with balances368
Active participants327
Employer contributions$903,495
Employee contributions$1,926,999
Employer contribution per active participant$2,763
Average account balance$60,881
Benefits paid to participants$2,383,168
Plan auditUnmodified (clean) audit opinion
AuditorBARNES WENDLING CPAS, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$22.4M · 368 accts · $903K emplr
2023$19.5M · 296 accts · $628K emplr
2022$17.6M · 282 accts · $625K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,152
Total administrative$61,865
The Ranpak Corp. 401(k) match · 2024
Employer contribution per active participant$2,763
Median for plans this size$2,416
2024$2,763 per active participant
2023$1,920 per active participant
2022$1,929 per active participant

Ranpak Corp.'s 2024 employer contribution ran above 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 · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$61,865

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$61,865 · 0.30%
2023$62,247 · 0.34%
2022$64,514 · 0.34%
Same employer
Similar plansWholesale Trade · Ohio
The Millcraft Paper Company OH$22.9M · 0.56%
The Loeb Electric Company OH$22.8M · 0.23%
Kennfeld Group LLC OH$22.7M · 0.61%
Benjamin Steel Company OH$22.5M · 0.04%
Khor Buyer OH$22.0M · 0.14%
Modern Office Methods, Inc. OH$21.9M · 0.41%
Huffy Holdings Inc. OH$20.6M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341113319 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.