Plan Ledger DOL Form 5500 · updated monthly

Rite-Hite Holding Corporation401(k)

RITE-HITE RETIREMENT SAVINGS PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Rite-Hite Holding Corporation reported $313,815 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $11,823 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 0.08% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 67th-largest of 1,936 plans among Wisconsin employers on file, and the 573rd of 13,661 in manufacturing. In 2024, the employer put in $1.47 for every $1.00 employees contributed themselves; active participation has grown from 2,047 to 2,381 since 2022.

Plan summary
Net assets, end of year$493,790,960
Participants with balances2,780
Active participants2,381
Employer contributions$28,151,617
Employee contributions$19,197,078
Employer contribution per active participant$11,823
Average account balance$177,623
Benefits paid to participants$37,055,997
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$493.8M · 2,780 accts · $28.2M emplr
2023$423.1M · 2,565 accts · $20.9M emplr
2022$347.6M · 2,346 accts · $16.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$183,862
Investment management$115,453
Audit (IQPA)$9,500
Total administrative$313,815
The Rite-Hite Holding Corporation 401(k) match · 2024
Employer contribution per active participant$11,823
Median for plans this size$4,294
2024$11,823 per active participant
2023$9,306 per active participant
2022$7,873 per active participant

Rite-Hite Holding Corporation'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 · 20244
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$246,581
STRATEGIC CAPITAL INVESTMENT A · Investment management$45,000
REILLY, PENNER & BENTON, LLP · Accounting / audit$9,500

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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Administrative cost history3
2024$313,815 · 0.07%
2023$317,136 · 0.08%
2022$300,948 · 0.08%
Same employer
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Waupaca Foundry, Inc. WI$598.5M · 0.08%
Greenheck Fan Corporation WI$578.9M · 0.11%
Promega Corporation WI$418.4M · 0.06%
Modine Manufacturing Company WI$407.5M · 0.12%
Sub-Zero Group, Inc. WI$382.0M · 0.03%
Zurn LLC WI$367.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391913562 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.