Plan Ledger DOL Form 5500 · updated monthly

Red River Valley & Western Railroad Co.401(k)

RRVW-TCW INCENTIVE COMPENSATION SAVINGS PLAN · WAHPETON, ND · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Red River Valley & Western Railroad Co. reported $47,450 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,854 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 0.112%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 57th-largest of 279 plans among North Dakota employers on file, and the 415th of 2,677 in transportation & warehousing. In 2024, the employer put in $2.26 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$44,066,496
Participants with balances233
Active participants194
Employer contributions$1,717,638
Employee contributions$758,617
Employer contribution per active participant$8,854
Average account balance$189,127
Benefits paid to participants$6,721,047
Plan auditUnmodified (clean) audit opinion
AuditorBOWERS & COMPANY CPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$44.1M · 233 accts · $1.7M emplr
2023$40.4M · 240 accts · $1.2M emplr
2022$36.6M · 247 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,668
Investment management$782
Total administrative$47,450
The Red River Valley & Western Railroad Co. 401(k) match · 2024
Employer contribution per active participant$8,854
Median for plans this size$2,416
2024$8,854 per active participant
2023$6,583 per active participant
2022$7,220 per active participant

Red River Valley & Western Railroad Co.'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$46,668

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$47,450 · 0.11%
2023$41,444 · 0.11%
2022$45,406 · 0.11%
Same employer
Similar plansTransportation & Warehousing · North Dakota
Redwood Logistics, LLC IL$44.7M · 0.40%
Board of Trustees NJ$44.5M · 0.25%
Direct Chassislink, Inc. NC$44.2M · 0.03%
Western Towboat Company WA$44.1M · 0.19%
Commuteair LLC OH$43.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061206892 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.