Plan Ledger DOL Form 5500 · updated monthly

Regal Cutting Tools, Inc.401(k)

REGAL CUTTING TOOLS, INC. RETIREMENT SAVINGS PLAN · ROSCOE, IL · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Regal Cutting Tools, Inc. reported $34,808 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $1,138 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 0.35% to 0.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,676th of 3,702), and 9,919th of 13,661 in manufacturing. In 2024, employees put in $2.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,470,548
Participants with balances104
Active participants107
Employer contributions$121,729
Employee contributions$343,675
Employer contribution per active participant$1,138
Average account balance$71,832
Benefits paid to participants$671,415
Plan auditUnmodified (clean) audit opinion
AuditorDJA CPAS SC
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 104 accts · $122K emplr
2023$7.0M · 106 accts · $113K emplr
2022$6.4M · 100 accts · $90K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,223
Investment management$13,679
Audit (IQPA)$14,500
Total administrative$34,808
The Regal Cutting Tools, Inc. 401(k) match · 2024
Employer contribution per active participant$1,138
Median for plans this size$1,313
2024$1,138 per active participant
2023$997 per active participant
2022$766 per active participant

Regal Cutting Tools, Inc.'s 2024 employer contribution ran below 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
DWAYNE JOHNSON & ASSOCIATES, S.C. · Accounting / audit$14,500
WOODBURY FINANCIAL · Investment advisory (plan)$10,026
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$5,223

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$34,808 · 0.48%
2023$39,917 · 0.60%
2022$27,537 · 0.35%
Same employer
Similar plansManufacturing · Illinois
P.S. Greetings, Inc. IL$7.6M · 0.26%
Steel Grip, Inc. IL$7.6M · 0.58%
Venus Laboratories, Inc. IL$7.4M · 0.51%
Silva International Inc IL$7.4M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204780971 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.