Plan Ledger DOL Form 5500 · updated monthly

Rhino, Inc.401(k)

RHINO, INC. RETIREMENT PLAN · MAPLE LAKE, MN · plan year 2024

Reported admin expense ratio · 2024
1.09%

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

Rhino, Inc. reported $34,830 in plan administrative expenses for 2024: 1.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,459 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 1.21% to 1.09%. 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 (1,680th of 1,918), and 11,930th of 13,661 in manufacturing. In 2024, employees put in $2.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,658,300
Participants with balances202
Active participants109
Employer contributions$158,987
Employee contributions$415,506
Employer contribution per active participant$1,459
Average account balance$18,110
Benefits paid to participants$79,974
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 202 accts · $159K emplr
2023$2.7M · 187 accts · $146K emplr
2022$1.9M · 145 accts · $142K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,227
Investment management$15,628
Total administrative$34,830
The Rhino, Inc. 401(k) match · 2024
Employer contribution per active participant$1,459
Median for plans this size$1,313
2024$1,459 per active participant
2023$1,052 per active participant
2022$1,194 per active participant

Rhino, Inc.'s 2024 employer contribution ran above 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 · 20242
THE VANGUARD GROUP, INC. · Recordkeeping$18,227
CHRISTENSEN GROUP FINANCIAL · Investment advisory (plan)$15,628

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$34,830 · 1.09%
2023$30,680 · 1.32%
2022$22,586 · 1.21%
Same employer
Similar plansManufacturing · Minnesota
Heggies Pizza, LLC MN$3.8M · 0.16%
Pearsons Candy Co. MN$3.8M · 0.91%
Anderson Fabrics, Inc. MN$3.6M · 0.76%
Alexandria Pro-Fab, Inc. MN$3.3M · 0.72%
Voyager Industries, Inc. MN$3.3M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411811277 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.