Plan Ledger DOL Form 5500 · updated monthly

Rio Tinto America Inc.401(k)

RIO TINTO AMERICA INC. 401(K) SAVINGS PLAN AND INVESTMENT PARTNERSHIP PLAN · SOUTH JORDAN, UT · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Rio Tinto America Inc. reported $157,135 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $13,112 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 fell from 0.03% to 0.02%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 5th-largest of 848 plans among Utah employers on file, and the 24th of 612 in mining, oil & gas extraction. In 2024, the employer put in $1.45 for every $1.00 employees contributed themselves; active participation has grown from 1,773 to 2,148 since 2022.

Plan summary
Net assets, end of year$686,992,924
Participants with balances3,120
Active participants2,148
Employer contributions$28,163,531
Employee contributions$19,445,809
Employer contribution per active participant$13,112
Average account balance$220,190
Benefits paid to participants$64,076,909
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$687.0M · 3,120 accts · $28.2M emplr
2023$614.8M · 3,161 accts · $25.5M emplr
2022$516.5M · 3,003 accts · $20.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,112
Audit (IQPA)$31,348
Total administrative$157,135
The Rio Tinto America Inc. 401(k) match · 2024
Employer contribution per active participant$13,112
Median for plans this size$4,294
2024$13,112 per active participant
2023$13,255 per active participant
2022$11,738 per active participant

Rio Tinto America Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top 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 · 20243
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping$62,112
MORGAN, LEWIS & BOCKIUS LLP · Legal$63,675
BDO USA, P.C. · Accounting / audit$31,348

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$157,135 · 0.02%
2023$203,894 · 0.04%
2022$193,497 · 0.03%
Same employer
Similar plansMining, Oil & Gas Extraction · Utah
Championx LLC TX$724.1M · 0.06%
Apache Corporation TX$715.3M · 0.03%
Arch Resources, Inc. MO$650.4M · 0.17%
Alliance Coal, LLC OK$638.9M · 0.10%
Patterson-Uti Energy, Inc TX$613.0M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113359689 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.