Plan Ledger DOL Form 5500 · updated monthly

Rdr Utility Services Group401(k)

RDR UTILITY SERVICES GROUP 401 (K) PLAN · CLARKSBURG, WV · plan year 2024

Reported admin expense ratio · 2024
1.67%

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

Rdr Utility Services Group reported $41,141 in plan administrative expenses for 2024: 1.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,227 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 rose from 1.17% to 1.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in West Virginia (221st of 265), and 4,547th of 5,337 in construction. In 2024, employees put in $1.46 for every $1.00 the employer contributed; active participation has grown from 211 to 309 since 2022.

Plan summary
Net assets, end of year$2,945,802
Participants with balances301
Active participants309
Employer contributions$379,181
Employee contributions$553,393
Employer contribution per active participant$1,227
Average account balance$9,787
Benefits paid to participants$263,356
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 301 accts · $379K emplr
2023$2.0M · 218 accts · $275K emplr
2022$1.3M · 155 accts · $231K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,141
Total administrative$41,141
The Rdr Utility Services Group 401(k) match · 2024
Employer contribution per active participant$1,227
Median for plans this size$1,313
2024$1,227 per active participant
2023$1,212 per active participant
2022$1,094 per active participant

Rdr Utility Services Group's 2024 employer contribution ran below 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
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$11,497

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$41,141 · 1.67%
2023$21,003 · 1.29%
2022$13,456 · 1.17%
Similar plansConstruction · West Virginia
Anderson Excavating, LLC WV$5.3M · 0.72%
Raw Resources Group WV$2.3M · 0.62%
Wolfe's Excavating LLC WV$2.0M · 0.28%
John S Webb WV$675K · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300807376 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.