Plan Ledger DOL Form 5500 · updated monthly

Rhetech, LLC401(k)

RHETECH, LLC 401(K) SAVINGS PLAN · WHITMORE LAKE, MI · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Rhetech, LLC reported $4,305 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,437 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 fell from 0.020% to 0.018%. 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 882nd-largest of 2,619 plans among Michigan employers on file, and the 5,117th of 13,661 in manufacturing. In 2024, employees put in $3.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,056,953
Participants with balances116
Active participants99
Employer contributions$241,263
Employee contributions$737,614
Employer contribution per active participant$2,437
Average account balance$216,008
Benefits paid to participants$1,312,973
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.1M · 116 accts · $241K emplr
2023$22.1M · 113 accts · $190K emplr
2022$18.7M · 108 accts · $197K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,305
Total administrative$4,305
The Rhetech, LLC 401(k) match · 2024
Employer contribution per active participant$2,437
Median for plans this size$2,416
2024$2,437 per active participant
2023$1,905 per active participant
2022$2,035 per active participant

Rhetech, LLC'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$4,304
OSAIC WEALTH INC · Other servicesindirect comp

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$4,305 · 0.02%
2023$18,310 · 0.09%
2022$4,245 · 0.02%
Same employer
Similar plansManufacturing · Michigan
Glastender, Inc. MI$25.4M · 0.40%
A123 Systems LLC MI$25.3M · 0.28%
Commercial Tool & Die, Inc. MI$25.2M · 0.35%
A & D Technology, Inc. MI$25.0M · 0.23%
C. Thorrez Industries, Inc. MI$25.0M · 0.15%
Roskam Baking Company MI$25.0M · 0.46%
Howard Miller Company MI$25.0M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381871095 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.