Plan Ledger DOL Form 5500 · updated monthly

Redw LLC401(k)

REDW LLC RESTATED 401(K) PROFIT SHARING PLAN AND TRUST · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Redw LLC reported $40,777 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,047 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 rose from 0.06% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 43rd-largest of 290 plans among New Mexico employers on file, and the 3,623rd of 11,654 in professional & technical services. In 2024, employees put in $3.07 for every $1.00 the employer contributed; active participation has grown from 232 to 298 since 2022.

Plan summary
Net assets, end of year$35,641,071
Participants with balances373
Active participants298
Employer contributions$907,985
Employee contributions$2,783,113
Employer contribution per active participant$3,047
Average account balance$95,552
Benefits paid to participants$5,969,984
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$35.6M · 373 accts · $908K emplr
2023$33.6M · 336 accts · $741K emplr
2022$31.4M · 326 accts · $624K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,357
Audit (IQPA)$14,420
Total administrative$40,777
The Redw LLC 401(k) match · 2024
Employer contribution per active participant$3,047
Median for plans this size$2,416
2024$3,047 per active participant
2023$2,674 per active participant
2022$2,690 per active participant

Redw 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 · 20243
SENTINEL BENEFITS GROUP, LLC · Recordkeeping · Consulting$26,357
LBMC, PC · Accounting / audit$14,420
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trusteeindirect 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
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history3
2024$40,777 · 0.12%
2023$24,593 · 0.08%
2022$19,828 · 0.06%
Same employer
Similar plansProfessional & Technical Services · New Mexico
Bohannan-Huston, Inc. NM$56.7M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850203431 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.