Plan Ledger DOL Form 5500 · updated monthly

Redbuilt LLC401(k)

REDBUILT 401(K) PLAN · BOISE, ID · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Redbuilt LLC reported $40,007 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $1,545 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 0.15%. 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 76th-largest of 349 plans among Idaho employers on file, and the 4,665th of 13,661 in manufacturing. In 2024, employees put in $3.56 for every $1.00 the employer contributed; active participation has grown from 384 to 443 since 2022.

Plan summary
Net assets, end of year$28,492,309
Participants with balances449
Active participants443
Employer contributions$684,551
Employee contributions$2,435,678
Employer contribution per active participant$1,545
Average account balance$63,457
Benefits paid to participants$2,032,941
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.5M · 449 accts · $685K emplr
2023$24.1M · 414 accts · $619K emplr
2022$18.6M · 400 accts · $537K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,007
Total administrative$40,007
The Redbuilt LLC 401(k) match · 2024
Employer contribution per active participant$1,545
Median for plans this size$2,416
2024$1,545 per active participant
2023$1,498 per active participant
2022$1,398 per active participant

Redbuilt LLC's 2024 employer contribution ran below the $2,416 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
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$40,007

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$40,007 · 0.15%
2023$40,344 · 0.19%
2022$39,786 · 0.20%
Same employer
Similar plansManufacturing · Idaho
Petiq, LLC ID$38.3M · 0.20%
La Semiconductor ID$36.7M · 0.52%
Electronic Controls Company ID$33.8M · 0.24%
Western Trailer Co. ID$26.9M · 0.40%
Idaho Steel Products, Inc. ID$20.7M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270452985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.