Plan Ledger DOL Form 5500 · updated monthly

Redwood Living, Inc.401(k)

REDWOOD LIVING, INC. 401(K) PLAN · INDEPENDENCE, OH · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Redwood Living, Inc. reported $39,175 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,463 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 0.72% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,204th-largest of 3,295 plans among Ohio employers on file, and the 590th of 2,096 in real estate & leasing. In 2024, employees put in $1.64 for every $1.00 the employer contributed; active participation has grown from 543 to 605 since 2022.

Plan summary
Net assets, end of year$22,919,669
Participants with balances689
Active participants605
Employer contributions$1,490,354
Employee contributions$2,449,911
Employer contribution per active participant$2,463
Average account balance$33,265
Benefits paid to participants$1,719,071
Plan auditUnmodified (clean) audit opinion
AuditorTRAMER & BOLBACH, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$22.9M · 689 accts · $1.5M emplr
2023$17.1M · 716 accts · $1.3M emplr
2022$12.0M · 632 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,450
Total administrative$39,175
The Redwood Living, Inc. 401(k) match · 2024
Employer contribution per active participant$2,463
Median for plans this size$2,416
2024$2,463 per active participant
2023$2,253 per active participant
2022$2,089 per active participant

Redwood Living, Inc.'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
CBIZ INVESTMENT ADVISORY SERVICEindirect comp
CBIZ BENEFITS AND INSURANCE SERV · Other servicesindirect comp

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

Administrative cost history3
2024$39,175 · 0.20%
2023$60,123 · 0.41%
2022$86,072 · 0.72%
Same employer
Similar plansReal Estate & Leasing · Ohio
Aim Leasing Company, Inc. OH$32.1M · 0.19%
The Wallick Companies, LLC OH$23.4M · 0.53%
Woda-Cooper Companies, Inc. OH$20.4M · 0.54%
Irg Realty Advisors, LLC OH$17.8M · 0.43%
Dhg Inc. OH$14.9M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341656873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.