Plan Ledger DOL Form 5500 · updated monthly

Richline Group, Inc.401(k)

RICHLINE GROUP, INC. 401(K) PROFIT SHARING PLAN · MANHATTAN, NY · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Richline Group, Inc. reported $71,151 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $1,145 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 0.07% to 0.08%. 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 883rd-largest of 5,648 plans among New York employers on file, and the 474th of 4,246 in wholesale trade. In 2024, employees put in $3.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$88,522,692
Participants with balances1,821
Active participants903
Employer contributions$1,033,952
Employee contributions$4,084,523
Employer contribution per active participant$1,145
Average account balance$48,612
Benefits paid to participants$9,964,866
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$88.5M · 1,821 accts · $1.0M emplr
2023$83.5M · 1,878 accts · $1.2M emplr
2022$73.0M · 1,856 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,401
Audit (IQPA)$36,750
Total administrative$71,151
The Richline Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,145
Median for plans this size$3,635
2024$1,145 per active participant
2023$1,164 per active participant
2022$1,223 per active participant

Richline Group, Inc.'s 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$34,401
COHN REZNICK LLP · Accounting / audit$36,750

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$71,151 · 0.08%
2023$58,598 · 0.07%
2022$54,825 · 0.07%
Same employer
Similar plansWholesale Trade · New York
Lifetime Brands, Inc. NY$93.3M · 0.23%
Empire Merchants, LLC NY$91.9M · 0.19%
Krasdale Foods, Inc. NY$90.1M · 0.04%
Baillie Lumber Co., L.P. NY$78.8M · 0.11%
Parts Authority LLC NY$77.5M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260232774 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.