Plan Ledger DOL Form 5500 · updated monthly

Rex Lumber Company401(k)

REX LUMBER COMPANY 401(K) SAVINGS & SECURITY PLAN · ACTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.47%

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

Rex Lumber Company reported $99,052 in plan administrative expenses for 2023: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 1 year on file its reported administrative ratio rose from 0.45% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,193rd-largest of 2,726 plans among Massachusetts employers on file, and the 1,693rd of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$22,867,104
Participants with balances188
Active participants198
Employer contributions$0
Employee contributions$898,634
Employer contribution per active participant$0
Average account balance$121,634
Benefits paid to participants$842,903
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$22.9M · 188 accts
2022$19.0M · 197 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$10,777
Investment management$77,755
Total administrative$99,052
The Rex Lumber Company 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

Rex Lumber Company's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20238
EMPOWER ADVISORY GROUP, LLC · Investment management$50,859
BAY COLONY ADVISORS · Investment advisory (plan)$26,174
LEAFHOUSE FINANCIAL ADVISORS, LLC$10,345
CLARO ADVISORS LLC · Investment advisory (plan)$722
EMPOWER FINANCIAL SERVICES, INC. · Securities brokerage$175

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

Administrative cost history2
2023$99,052 · 0.47%
2022$86,991 · 0.45%
Same employer
Similar plansWholesale Trade · Massachusetts
Rhode Island Novelty MA$24.7M · 0.13%
Asahi/America, Inc MA$24.1M · 0.08%
Pierce Aluminum Co., Inc. MA$23.6M · 0.09%
Yusen Associates, Inc. MA$22.8M · 0.44%
Dennis K. Burke, Inc. MA$21.5M · 0.40%
D.B. Roberts, Inc. MA$20.7M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060667910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.