Plan Ledger DOL Form 5500 · updated monthly

Ring & Pinion Service Inc.401(k)

RING & PINION SERVICE INC. 401(K) PROFIT SHARING PLAN AND TRUST · EVERETT, WA · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

Ring & Pinion Service Inc. reported $163,103 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,435 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 3 years on file its reported administrative ratio has held roughly steady near 0.92%. 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 708th-largest of 1,714 plans among Washington employers on file, and the 1,944th of 4,246 in wholesale trade. In 2024, employees put in $2.72 for every $1.00 the employer contributed; active participation has grown from 368 to 560 since 2022.

Plan summary
Net assets, end of year$19,386,609
Participants with balances627
Active participants560
Employer contributions$803,474
Employee contributions$2,189,386
Employer contribution per active participant$1,435
Average account balance$30,920
Benefits paid to participants$2,461,730
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.4M · 627 accts · $803K emplr
2023$16.2M · 552 accts · $691K emplr
2022$10.2M · 440 accts · $498K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,536
Investment management$90,378
Trustee / custodial$6,507
Total administrative$163,103
The Ring & Pinion Service Inc. 401(k) match · 2024
Employer contribution per active participant$1,435
Median for plans this size$2,416
2024$1,435 per active participant
2023$1,499 per active participant
2022$1,353 per active participant

Ring & Pinion Service Inc.'s 2024 employer contribution ran below 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 · 20243
TPP RETIREMENT PLAN SPECIALISTS, LL · Plan administrator · Recordkeeping$64,536
CREATIVE PLANNING · Investment advisory (plan)$90,378
MATRIX TRUST COMPANY · Custodial (securities)$6,507

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

Recordkeeper by year2
2024TPP RETIREMENT PLAN SPECIALISTS, LL
2023TPP RETIREMENT PLAN SPECIALISTS, LL

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Administrative cost history3
2024$163,103 · 0.92%
2023$130,217 · 0.99%
2022$91,371 · 0.89%
Same employer
Similar plansWholesale Trade · Washington
Plymouth Poultry Company WA$22.5M · 0.17%
Wesco Group LLC WA$22.2M · 0.63%
Christensen, Inc. WA$21.5M · 0.68%
Oxarc, Inc. WA$17.9M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911696661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.