Plan Ledger DOL Form 5500 · updated monthly

Rei Holding Company401(k)

REI HOLDING COMPANY FORMERLY RESIDENTIAL ELEVATORS, INC. 401(K) PLAN · TALLAHASSEE, FL · plan year 2024

Reported admin expense ratio · 2024
0.93%

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

Rei Holding Company reported $93,060 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,606 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 0.93%. 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 1,702nd-largest of 3,644 plans among Florida employers on file, and 8,463rd of 13,661 in manufacturing. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has grown from 224 to 273 since 2022.

Plan summary
Net assets, end of year$10,765,333
Participants with balances161
Active participants273
Employer contributions$438,460
Employee contributions$858,909
Employer contribution per active participant$1,606
Average account balance$66,865
Benefits paid to participants$961,388
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 161 accts · $438K emplr
2023$9.2M · 154 accts · $375K emplr
2022$7.7M · 147 accts · $360K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,017
Investment management$22,148
Total administrative$93,060
The Rei Holding Company 401(k) match · 2024
Employer contribution per active participant$1,606
Median for plans this size$2,416
2024$1,606 per active participant
2023$1,367 per active participant
2022$1,606 per active participant

Rei Holding Company'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 · 20243
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$3,708
NORTHWESTERN MUTUAL WEALTH · Investment advisory (participants)$40,895
LATITUDE SERVICE COMPANY INC · Other services$22,148

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$93,060 · 0.93%
2023$79,778 · 0.94%
2022$82,278 · 0.95%
Same employer
Similar plansManufacturing · Florida
Certus Pest, Inc. FL$11.2M · 0.87%
Performance Designs, Inc. FL$11.2M · 0.41%
Treatt USA, Inc. FL$10.8M · 0.58%
Bk Technologies, Inc FL$10.1M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454174234 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.