Plan Ledger DOL Form 5500 · updated monthly

Rental Concepts, Inc.401(k)

RENTAL CONCEPTS, INC. PROFIT SHARING PLAN AND TRUST · HUDSON, OH · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Rental Concepts, Inc. reported $51,540 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $2,510 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 0.23% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,317th-largest of 3,295 plans among Ohio employers on file, and 3,043rd of 4,798 in finance & insurance. In 2024, employees put in $1.17 for every $1.00 the employer contributed; active participation has grown from 217 to 373 since 2022.

Plan summary
Net assets, end of year$20,191,202
Participants with balances456
Active participants373
Employer contributions$936,173
Employee contributions$1,096,507
Employer contribution per active participant$2,510
Average account balance$44,279
Benefits paid to participants$750,192
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.2M · 456 accts · $936K emplr
2023$16.8M · 317 accts · $806K emplr
2022$14.5M · 258 accts · $600K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,179
Investment management$36,361
Total administrative$51,540
The Rental Concepts, Inc. 401(k) match · 2024
Employer contribution per active participant$2,510
Median for plans this size$2,416
2024$2,510 per active participant
2023$3,064 per active participant
2022$2,766 per active participant

Rental Concepts, 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
ELLSWORTH ADVISORS, LLC · Recordkeeping · Trustee$36,361
ADP, INC. · Loan processing · Recordkeeping$15,179

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

Recordkeeper by year2
2024ADP, ELLSWORTH ADVISORS, LLC
2023ADP, ELLSWORTH ADVISORS, LLC

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

Administrative cost history3
2024$51,540 · 0.28%
2023$36,178 · 0.23%
2022$34,523 · 0.23%
Same employer
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Bmi Federal Credit Union OH$20.0M · 0.05%
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Source: U.S. Department of Labor, Form 5500 series, EIN 341506081 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.