Plan Ledger DOL Form 5500 · updated monthly

Riley Industrial Services, Inc.401(k)

RILEY INDUSTRIAL SERVICES, INC. 401(K) RETIREMENT PLAN · FARMINGTON, NM · plan year 2023

Reported admin expense ratio · 2023
0.47%

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

Riley Industrial Services, Inc. reported $41,258 in plan administrative expenses for 2023: 0.47% of average plan assets, below the peer median. Employer contributions averaged $1,694 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 0.05% to 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is the 131st-largest of 290 plans among New Mexico employers on file, and 2,965th of 5,337 in construction. In 2023, the employer put in $1.48 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$10,890,548
Participants with balances229
Active participants333
Employer contributions$564,010
Employee contributions$380,148
Employer contribution per active participant$1,694
Average account balance$47,557
Benefits paid to participants$878,097
Plan auditUnmodified (clean) audit opinion
AuditorCHANDLER & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 233 accts · $73K emplr
2023$10.9M · 229 accts · $564K emplr
2022$6.5M · 91 accts · $50K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$41,258
Total administrative$41,258
The Riley Industrial Services, Inc. 401(k) match · 2023
Employer contribution per active participant$1,694
Median for plans this size$1,308
2024$229 per active participant
2023$1,694 per active participant
2022$147 per active participant

Riley Industrial Services, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20236
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Pension consulting$35,153
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Pension consulting$35,153
ADP, INC. · Loan processing · Recordkeeping$1,810
ADP, INC. · Loan processing · Recordkeeping$1,810
ADP BROKER-DEALERindirect comp
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

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

Administrative cost history3
2024$50,640 · 0.49%
2023$41,258 · 0.47%
2022$3,490 · 0.05%
All plans at this employer2
RILEY INDUSTRIAL SERVICES, INC. 401(K) RETIREMENT PLAN401(k)
RILEY INDUSTRIAL PROFIT SHARING PLANProfit-sharing plan
Similar plansConstruction · New Mexico
B & D Industries, Inc. NM$15.7M · 0.36%
Hb Administration, Inc. NM$13.3M · 0.31%
Constructors Incorporated NM$10.6M · 0.74%
Gridworks, Inc. NM$8.8M · 0.81%
Rmci, Inc. NM$8.1M · 0.54%
Albuquerque Asphalt, Inc. NM$7.4M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850393722 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.