Plan Ledger DOL Form 5500 · updated monthly

Ridgewell's, Inc.401(k)

RIDGEWELL'S, INC. EMPLOYEE SAVINGS AND RETIREMENT 401(K) PLAN · BETHESDA, MD · plan year 2024

Reported admin expense ratio · 2024
0.42%

Ridgewell's, Inc. reported $39,765 in plan administrative expenses for 2024: 0.42% of average plan assets, below the peer median. 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 0.48% to 0.42%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Maryland (997th of 1,671), and the 558th of 2,240 in accommodation & food services. active participation has shrunk from 245 to 219 since 2022.

Plan summary
Net assets, end of year$9,947,986
Participants with balances157
Active participants219
Employer contributions—
Employee contributions$350,703
Employer contribution per active participant—
Average account balance$63,363
Benefits paid to participants$507,810
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 157 accts
2023$9.2M · 138 accts
2022$7.9M · 140 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,765
Total administrative$39,765
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$39,765
NORTHWESTERN MUTUAL INVESTMENT SERV · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$39,765 · 0.42%
2023$36,513 · 0.43%
2022$42,074 · 0.48%
Similar plansAccommodation & Food Services · Maryland
Lemek, LLC dba Panera Bread MD$11.7M · 0.13%
Phillips Foods, Inc. MD$11.7M · 0.12%
Baywood Hotels, Inc. MD$10.1M · 0.50%
Susan Gage Caterer, Inc. MD$9.4M · 0.50%
Martins, Inc. MD$8.3M · 0.03%
Chesapeake Hospitality MD$7.8M · 0.59%
Janjer Enterprises, Inc. MD$7.1M · 1.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521562076 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.