Plan Ledger DOL Form 5500 · updated monthly

Reo Plastics, Inc.401(k)

REO PLASTICS, INC. RETIREMENT PLAN · MAPLE GROVE, MN · plan year 2024

Reported admin expense ratio · 2024
1.04%

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

Reo Plastics, Inc. reported $69,207 in plan administrative expenses for 2024: 1.04% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,164 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 1.04%. 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 Minnesota (1,464th of 1,918), and 10,248th of 13,661 in manufacturing. In 2024, employees put in $3.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,877,364
Participants with balances187
Active participants175
Employer contributions$203,728
Employee contributions$643,461
Employer contribution per active participant$1,164
Average account balance$36,777
Benefits paid to participants$1,288,000
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 187 accts · $204K emplr
2023$6.4M · 175 accts · $206K emplr
2022$5.1M · 104 accts · $149K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,937
Investment management$28,844
Total administrative$69,207
The Reo Plastics, Inc. 401(k) match · 2024
Employer contribution per active participant$1,164
Median for plans this size$1,313
2024$1,164 per active participant
2023$1,277 per active participant
2022$847 per active participant

Reo Plastics, 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 · 20244
CHRISTENSEN GROUP FINANCIAL LLC · Investment advisory (plan)$24,429
MCGLADREY LLP$20,475
EMPOWER ADVISORY GROUP, LLC · Investment management$4,415

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$69,207 · 1.04%
2023$74,261 · 1.29%
2022$55,760 · 1.06%
Same employer
Similar plansManufacturing · Minnesota
Lindar Corporation MN$7.0M · 1.01%
Kit Masters, Inc. MN$6.9M · 0.20%
Crown Extrusions, Inc. MN$6.9M · 0.44%
The Sierra Company LLC MN$6.5M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410850792 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.