Plan Ledger DOL Form 5500 · updated monthly

Rba, Inc.401(k)

RBA 401(K) PLAN · WAYZATA, MN · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Rba, Inc. reported $67,527 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,926 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 0.32% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 749th-largest of 1,918 plans among Minnesota employers on file, and the 4,536th of 11,654 in professional & technical services. In 2024, employees put in $3.76 for every $1.00 the employer contributed; active participation has shrunk from 178 to 150 since 2022.

Plan summary
Net assets, end of year$26,665,849
Participants with balances218
Active participants150
Employer contributions$438,886
Employee contributions$1,648,915
Employer contribution per active participant$2,926
Average account balance$122,320
Benefits paid to participants$1,709,509
Plan auditUnmodified (clean) audit opinion
AuditorBOYUM & BARENSCHEER
Plan history3
Yearassets · accounts · employer contribution
2024$26.7M · 218 accts · $439K emplr
2023$23.0M · 210 accts · $525K emplr
2022$19.0M · 238 accts · $684K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,527
Investment management$28,000
Total administrative$67,527
The Rba, Inc. 401(k) match · 2024
Employer contribution per active participant$2,926
Median for plans this size$2,416
2024$2,926 per active participant
2023$3,344 per active participant
2022$3,840 per active participant

Rba, Inc.'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$39,527
KESTRA INVESTMENT SERVICES LLC · Investment advisory (plan)$28,000

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$67,527 · 0.27%
2023$58,444 · 0.28%
2022$53,775 · 0.32%
Same employer
Similar plansProfessional & Technical Services · Minnesota
Cloud Sports Data LLC MN$28.9M · 0.62%
Nova Group, Gbc MN$27.4M · 0.20%
Phdata Inc MN$27.4M · 0.08%
Bailiwick Services, LLC MN$26.5M · 0.57%
Merjent Inc. MN$25.9M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204004667 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.