Plan Ledger DOL Form 5500 · updated monthly

Redline Equipment Co.401(k)

REDLINE EQUIPMENT CO. 401(K) RETIREMENT SAVINGS PLAN · ARCHBOLD, OH · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Redline Equipment Co. reported $59,822 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $1,437 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 0.70%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (2,077th of 3,295), and 2,813th of 5,215 in retail trade. In 2024, employees put in $2.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,125,366
Participants with balances163
Active participants185
Employer contributions$265,900
Employee contributions$728,401
Employer contribution per active participant$1,437
Average account balance$55,984
Benefits paid to participants$827,368
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 163 accts · $266K emplr
2023$8.0M · 161 accts · $285K emplr
2022$6.3M · 151 accts · $240K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,670
Investment management$7,455
Trustee / custodial$37,697
Total administrative$59,822
The Redline Equipment Co. 401(k) match · 2024
Employer contribution per active participant$1,437
Median for plans this size$1,313
2024$1,437 per active participant
2023$1,628 per active participant
2022$1,355 per active participant

Redline Equipment Co.'s 2024 employer contribution ran above the $1,313 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 · 20243
USI CONSULTING GROUP · Contract administrator · Recordkeeping$14,670
STATE BANK AND TRUST COMPANY · Trustee (discretionary) · Investment advisory (plan)$37,697
RAMSEY SOLUTIONS · Investment advisory (participants) · Investment advisory (plan)$7,455

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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Administrative cost history3
2024$59,822 · 0.70%
2023$52,276 · 0.73%
2022$46,450 · 0.71%
Same employer
Similar plansRetail Trade · Ohio
Trademark Global, LLC OH$9.5M · 0.73%
Oki Furniture Fair LLC OH$9.2M · 0.62%
Beau Townsend Ford, Inc. OH$9.2M · 0.45%
Marhofer Chevrolet Inc. OH$9.0M · 1.30%
Spiraledge, Inc OH$9.0M · 0.25%
Smyth Automotive, Inc. OH$9.0M · 0.04%
McAf, LLC OH$8.8M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340968868 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.