Plan Ledger DOL Form 5500 · updated monthly

Raven Industries, Inc.401(k)

RAVEN INDUSTRIES, INC. 401(K) PLAN · SIOUX FALLS, SD · plan year 2022

Reported admin expense ratio · 2022
0.18%

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

Raven Industries, Inc. reported $115,456 in plan administrative expenses for 2022: 0.18% of average plan assets, above the peer median. Employer contributions averaged $11,711 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.

The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other manufacturing employers. By assets it is the 36th-largest of 233 plans among South Dakota employers on file, and the 2,867th of 13,661 in manufacturing. In 2022, employees put in $1.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$56,833,360
Participants with balances579
Active participants219
Employer contributions$2,564,632
Employee contributions$3,226,339
Employer contribution per active participant$11,711
Average account balance$98,158
Benefits paid to participants$9,649,349
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$56.8M · 579 accts · $2.6M emplr
Administrative expenses, itemized · 2022
Investment management$21,924
Total administrative$115,456
The Raven Industries, Inc. 401(k) match · 2022
Employer contribution per active participant$11,711
Median for plans this size$3,449

Raven Industries, Inc.'s 2022 employer contribution ran above the $3,449 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$115,456 · 0.18%
Similar plansManufacturing · South Dakota
Sonifi Solutions, Inc. SD$95.2M · 0.20%
Trail King Industries, Inc. SD$68.1M · 0.04%
Aerostar International, LLC SD$36.9M · 0.10%
Viaflex, Inc. SD$32.9M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460246171 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.