Plan Ledger DOL Form 5500 · updated monthly

Red Bud Industries, Inc.401(k)

RED BUD INDUSTRIES, INC. PROFIT SHARING PLAN · RED BUD, IL · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Red Bud Industries, Inc. reported $105,087 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $5,505 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 0.22% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 972nd-largest of 3,702 plans among Illinois employers on file, and the 3,315th of 13,661 in manufacturing. In 2024, employees put in $1.40 for every $1.00 the employer contributed; active participation has grown from 175 to 208 since 2022.

Plan summary
Net assets, end of year$46,680,345
Participants with balances198
Active participants208
Employer contributions$1,144,955
Employee contributions$1,602,299
Employer contribution per active participant$5,505
Average account balance$235,759
Benefits paid to participants$3,803,657
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$46.7M · 198 accts · $1.1M emplr
2023$42.2M · 186 accts · $1.1M emplr
2022$37.9M · 182 accts · $915K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$105,087
Total administrative$105,087
The Red Bud Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$5,505
Median for plans this size$2,416
2024$5,505 per active participant
2023$5,587 per active participant
2022$5,230 per active participant

Red Bud Industries, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$105,087
CREATIVE PLANNING, INC. · Investment advisory (plan)indirect comp

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$105,087 · 0.24%
2023$90,919 · 0.23%
2022$93,462 · 0.22%
Same employer
Similar plansManufacturing · Illinois
Miniat Holdings LLC IL$47.5M · 0.18%
Bodine Electric Company IL$47.1M · 0.01%
Ventra Sandusky, LLC IL$46.9M · 0.22%
Thybar Corporation IL$46.4M · 0.01%
Martin Engineering Company IL$45.5M · 0.22%
Tuthill Corporation IL$45.4M · 0.00%
Cope Plastics, Inc. IL$45.0M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 370904522 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.