Plan Ledger DOL Form 5500 · updated monthly

Red Wing Shoe Company, Inc.401(k)

RED WING SHOE COMPANY, INC. 401(K) PROFIT SHARING PLAN · RED WING, MN · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Red Wing Shoe Company, Inc. reported $350,936 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $1,990 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 0.20% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 170th-largest of 1,918 plans among Minnesota employers on file, and the 1,196th of 13,661 in manufacturing. In 2024, employees put in $2.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$190,822,757
Participants with balances2,632
Active participants1,910
Employer contributions$3,801,470
Employee contributions$10,025,619
Employer contribution per active participant$1,990
Average account balance$72,501
Benefits paid to participants$31,480,144
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$190.8M · 2,632 accts · $3.8M emplr
2023$184.6M · 2,857 accts · $3.6M emplr
2022$158.6M · 2,732 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$186,229
Investment management$125,000
Audit (IQPA)$39,707
Total administrative$350,936
The Red Wing Shoe Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,990
Median for plans this size$3,635
2024$1,990 per active participant
2023$1,774 per active participant
2022$1,310 per active participant

Red Wing Shoe Company, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$186,229
SAGEVIEW ADVISORY GROUP · Investment advisory (plan)$125,000
BDO USA, P.C. · Accounting / audit$39,707
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$350,936 · 0.19%
2023$338,945 · 0.20%
2022$359,580 · 0.20%
Same employer
Similar plansManufacturing · Minnesota
Banner Engineering Corp MN$211.5M · 0.11%
Rosen's Diversified, Inc. MN$209.7M · 0.17%
Vessco, Inc. MN$182.0M · 0.05%
Stratasys, Inc. MN$179.0M

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Source: U.S. Department of Labor, Form 5500 series, EIN 410498220 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.