Plan Ledger DOL Form 5500 · updated monthly

Recycling Center Inc401(k)

RECYCLING/FRANKLIN 401K EMPLOYEE RETIREMENT PLAN · RICHMOND, IN · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Recycling Center Inc reported $61,310 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $219 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 0.52% to 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Indiana (847th of 1,562), and 2,775th of 4,246 in wholesale trade. In 2024, employees put in $12.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,090,462
Participants with balances169
Active participants121
Employer contributions$26,540
Employee contributions$328,320
Employer contribution per active participant$219
Average account balance$65,624
Benefits paid to participants$1,127,678
Plan auditUnmodified (clean) audit opinion
AuditorMANNING & ASSOCIATES CPA
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 169 accts · $27K emplr
2023$10.7M · 173 accts · $40K emplr
2022$9.0M · 149 accts · $38K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,310
Total administrative$61,310
The Recycling Center Inc 401(k) match · 2024
Employer contribution per active participant$219
Median for plans this size$2,416
2024$219 per active participant
2023$301 per active participant
2022$287 per active participant

Recycling Center Inc's 2024 employer contribution ran below the $2,416 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 · 20241
AMERICAN UNITED LIFE INSURANCE CO · Participant communication$61,310

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$61,310 · 0.56%
2023$59,246 · 0.60%
2022$51,934 · 0.52%
Similar plansWholesale Trade · Indiana
Meyer Distributing, Inc. IN$12.3M · 0.28%
Tf Inter-Holdings, Inc. IN$12.0M · 0.00%
Breakers Unlimited IN$11.6M · 0.67%
Alliance Steel Corporation IN$11.3M · 0.06%
Acorn Distributors, Inc. IN$10.5M · 0.35%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 351473940 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.