Plan Ledger DOL Form 5500 · updated monthly

Rinchem Company, LLC401(k)

RINCHEM COMPANY LLC AND AFFILIATES RETIREMENT SAVINGS PLAN · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Rinchem Company, LLC reported $168,258 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,986 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 1 year on file its reported administrative ratio fell from 0.56% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 45th-largest of 290 plans among New Mexico employers on file, and the 1,226th of 4,246 in wholesale trade. In 2024, employees put in $1.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,544,611
Participants with balances729
Active participants534
Employer contributions$1,594,503
Employee contributions$2,929,192
Employer contribution per active participant$2,986
Average account balance$46,015
Benefits paid to participants$6,394,403
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$33.5M · 729 accts · $1.6M emplr
2023$32.4M · 884 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,402
Investment management$76,340
Audit (IQPA)$17,516
Total administrative$168,258
The Rinchem Company, LLC 401(k) match · 2024
Employer contribution per active participant$2,986
Median for plans this size$2,416
2024$2,986 per active participant
2023$3,023 per active participant

Rinchem Company, LLC's 2024 employer contribution ran above the $2,416 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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$35,735
MERCER INVESTMENTS, LLC · Consulting · Insurance services$75,053
BAKER TILLY US, LLP · Accounting / audit$17,516
EMPOWER ADVISORY GROUP, LLC · Investment management$1,287

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 history2
2024$168,258 · 0.51%
2023$170,506 · 0.56%
Same employer
Similar plansWholesale Trade · New Mexico
Rinchem Company LLC. NM$28.1M · 0.61%
Quality Dealerships NM$12.1M · 0.71%
Brewer Oil Co. NM$8.7M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930684758 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.