Plan Ledger DOL Form 5500 · updated monthly

Ratner Steel Supply Company401(k)

RATNER STEEL SUPPLY COMPANY 401(K) PLAN · ROSEVILLE, MN · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Ratner Steel Supply Company reported $8,193 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,886 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 0.15% to 0.10%. 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 Minnesota (1,360th of 1,918), and 3,084th of 4,246 in wholesale trade. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 130 to 147 since 2022.

Plan summary
Net assets, end of year$8,841,260
Participants with balances139
Active participants147
Employer contributions$277,282
Employee contributions$584,788
Employer contribution per active participant$1,886
Average account balance$63,606
Benefits paid to participants$285,887
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 139 accts · $277K emplr
2023$7.2M · 125 accts · $236K emplr
2022$6.6M · 122 accts · $108K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,193
Total administrative$8,193
The Ratner Steel Supply Company 401(k) match · 2024
Employer contribution per active participant$1,886
Median for plans this size$1,313
2024$1,886 per active participant
2023$1,627 per active participant
2022$831 per active participant

Ratner Steel Supply 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$45,044

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Ratner Steel Supply Company before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$8,193 · 0.10%
2023$3,699 · 0.05%
2022$10,538 · 0.15%
Same employer
Similar plansWholesale Trade · Minnesota
Curio Brands, LLC MN$9.7M · 0.41%
Deerfield Imaging MN$9.4M · 0.42%
The Stable Group LLC MN$9.0M · 0.26%
Distribution Alternatives MN$8.4M · 0.11%
AG Plus Cooperative MN$8.4M · 0.32%
Mann Lake LTD. MN$8.0M · 0.56%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411547649 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.