Plan Ledger DOL Form 5500 · updated monthly

Redi Services, LLC401(k)

REDI SERVICES, LLC 401(K) PLAN · LYMAN, WY · plan year 2022

Employer contribution per participant · 2022
$709

Redi Services, LLC's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $5,712,993 across 152 participant accounts, with employer contributions averaging $709 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Wyoming (49th of 81), and 9,504th of 11,654 in professional & technical services. In 2022, employees put in $2.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,712,993
Participants with balances152
Active participants346
Employer contributions$245,304
Employee contributions$554,780
Employer contribution per active participant$709
Average account balance$37,585
Benefits paid to participants$1,549,881
Plan auditDisclaimer of opinion
AuditorRING AUDITING AND ACCOUNTING
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $95K emplr
2022$5.7M · 152 accts · $245K emplr
The Redi Services, LLC 401(k) match · 2022
Employer contribution per active participant$709
Median for plans this size$1,114
2023$268 per active participant
2022$709 per active participant

Redi Services, LLC's 2022 employer contribution ran below the $1,114 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.

Administrative cost history2
2023Not separately reported
2022Not separately reported
Same employer
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Registered Agents, Inc. WY$11.5M · 0.05%
Registered Agents, Inc. WY$6.2M · 0.10%
Narcorps Specialties, LLC WY$555K · 3.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134301855 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.