Plan Ledger DOL Form 5500 · updated monthly

Reel Power International401(k)

REEL POWER INTERNATIONAL 401(K) PLAN · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Reel Power International reported $32,013 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $2,325 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 0.37% to 0.28%. 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 354th-largest of 724 plans among Oklahoma employers on file, and 7,839th of 13,661 in manufacturing. In 2024, employees put in $2.02 for every $1.00 the employer contributed; active participation has grown from 143 to 177 since 2022.

Plan summary
Net assets, end of year$12,618,251
Participants with balances146
Active participants177
Employer contributions$411,446
Employee contributions$832,772
Employer contribution per active participant$2,325
Average account balance$86,426
Benefits paid to participants$573,593
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 146 accts · $411K emplr
2023$10.5M · 152 accts · $394K emplr
2022$8.3M · 142 accts · $371K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,028
Investment management$985
Total administrative$32,013
The Reel Power International 401(k) match · 2024
Employer contribution per active participant$2,325
Median for plans this size$2,416
2024$2,325 per active participant
2023$2,629 per active participant
2022$2,596 per active participant

Reel Power International's 2024 employer contribution ran below 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$10,511

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$32,013 · 0.28%
2023$33,370 · 0.36%
2022$32,662 · 0.37%
Similar plansManufacturing · Oklahoma
Elmer Smith Oil Company OK$14.3M · 0.52%
Roxtec, Inc. OK$14.3M · 0.06%
Modular Services Company OK$12.5M · 0.33%
Southwest Electric Co. OK$11.4M · 0.70%
Covercraft Industries,Llc. OK$11.3M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262732533 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.