Plan Ledger DOL Form 5500 · updated monthly

Richards Building Supply Co.401(k)

RICHARDS BUILDING SUPPLY CO. PROFIT SHARING PLAN · HOMER GLEN, IL · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Richards Building Supply Co. reported $91,766 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $2,977 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 0.16% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 838th-largest of 3,702 plans among Illinois employers on file, and the 722nd of 4,246 in wholesale trade. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$55,896,636
Participants with balances541
Active participants644
Employer contributions$1,917,132
Employee contributions$3,413,135
Employer contribution per active participant$2,977
Average account balance$103,321
Benefits paid to participants$3,471,988
Plan auditUnmodified (clean) audit opinion
AuditorEIFEL RAMBO ADVISORY GROUP LTD
Plan history3
Yearassets · accounts · employer contribution
2024$55.9M · 541 accts · $1.9M emplr
2023$47.7M · 459 accts · $1.6M emplr
2022$39.1M · 412 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,948
Investment management$57,818
Total administrative$91,766
The Richards Building Supply Co. 401(k) match · 2024
Employer contribution per active participant$2,977
Median for plans this size$3,635
2024$2,977 per active participant
2023$2,538 per active participant
2022$2,224 per active participant

Richards Building Supply Co.'s 2024 employer contribution ran below the $3,635 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 · 20243
OLD NATIONAL BANK · Investment advisory (plan)$44,167
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$33,948
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$13,650

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$91,766 · 0.18%
2023$77,763 · 0.18%
2022$68,280 · 0.16%
Same employer
Similar plansWholesale Trade · Illinois
Gf Machining Solutions LLC IL$60.0M · 0.15%
Birkeys Farm Store Inc IL$56.8M · 0.29%
Horizon Hobby, LLC IL$56.5M · 0.28%
Presence Marketing, LLC IL$55.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362958463 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.