Plan Ledger DOL Form 5500 · updated monthly

Redguard, LLC401(k)

REDGUARD, LLC 401(K) PLAN · WICHITA, KS · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Redguard, LLC reported $108,767 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,800 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 0.60% to 0.51%. 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 267th-largest of 828 plans among Kansas employers on file, and the 5,375th of 13,661 in manufacturing. In 2024, employees put in $2.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,290,586
Participants with balances456
Active participants370
Employer contributions$1,036,095
Employee contributions$2,441,527
Employer contribution per active participant$2,800
Average account balance$51,076
Benefits paid to participants$1,952,718
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.3M · 456 accts · $1.0M emplr
2023$19.0M · 455 accts · $945K emplr
2022$12.4M · 477 accts · $831K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,767
Total administrative$108,767
The Redguard, LLC 401(k) match · 2024
Employer contribution per active participant$2,800
Median for plans this size$2,416
2024$2,800 per active participant
2023$2,474 per active participant
2022$2,072 per active participant

Redguard, LLC's 2024 employer contribution ran above 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 · 20242
JOHN HANCOCK TRUST COMPANY LLC · Recordkeeping · Investment management$57,596
MARINER RETIREMENT ADVISORS · Investment advisory (participants)$41,887

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$108,767 · 0.51%
2023$92,962 · 0.59%
2022$73,278 · 0.60%
Same employer
Similar plansManufacturing · Kansas
Salina Vortex Corp. KS$26.1M · 0.43%
Bunting Group, Inc. KS$23.8M · 0.31%
Daily's Premium Meats, LLC KS$23.1M · 0.07%
Stouse, LLC KS$21.8M · 0.58%
Prosoco, Inc. KS$21.4M · 0.55%
Koch & Co., Inc. KS$19.6M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481209130 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.