Plan Ledger DOL Form 5500 · updated monthly

Raynor Manufacturing Company401(k)

RAYNOR GARAGE DOOR 401(K) RETIREMENT SAVINGS PLAN · DIXON, IL · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Raynor Manufacturing Company reported $118,551 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $986 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 3 years on file its reported administrative ratio has held roughly steady near 0.184%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 758th-largest of 3,702 plans among Illinois employers on file, and the 2,623rd of 13,661 in manufacturing. In 2024, employees put in $5.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$64,623,000
Participants with balances683
Active participants570
Employer contributions$561,870
Employee contributions$3,005,712
Employer contribution per active participant$986
Average account balance$94,616
Benefits paid to participants$11,745,726
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$64.6M · 683 accts · $562K emplr
2023$64.2M · 709 accts · $606K emplr
2022$56.7M · 660 accts · $526K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,150
Investment management$39,401
Total administrative$118,551
The Raynor Manufacturing Company 401(k) match · 2024
Employer contribution per active participant$986
Median for plans this size$3,635
2024$986 per active participant
2023$1,002 per active participant
2022$880 per active participant

Raynor Manufacturing Company's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20243
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$30,738
EMPOWER ADVISORY GROUP, LLC · Investment management$8,663

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

Administrative cost history3
2024$118,551 · 0.18%
2023$119,826 · 0.20%
2022$110,295 · 0.18%
All plans at this employer2
RAYNOR GARAGE DOOR 401(K) RETIREMENT SAVINGS PLAN401(k)
RAYNOR DOOR AUTHORITIES 401(K) RETIREMENT SAVINGS PLAN401(k)
Same employer
Similar plansManufacturing · Illinois
Cadrex LLC IL$67.1M · 0.20%
Ugn, Inc. IL$66.2M · 0.28%
Bergstrom Inc IL$63.7M · 0.11%
Gc America Inc. IL$63.6M · 0.18%
National Material, L.P. IL$62.9M · 0.09%
Blistex Inc IL$62.6M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362069924 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.