Plan Ledger DOL Form 5500 · updated monthly

Ritz Instrument Transformers, Inc.401(k)

RITZ INSTRUMENT TRANSFORMERS, INC. 401(K) PLAN · LAVONIA, GA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Ritz Instrument Transformers, Inc. reported $2,450 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,684 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 0.03% to 0.05%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Georgia (1,538th of 2,160), and 10,679th of 13,661 in manufacturing. In 2024, employees put in $1.49 for every $1.00 the employer contributed; active participation has grown from 179 to 303 since 2022.

Plan summary
Net assets, end of year$5,999,641
Participants with balances288
Active participants303
Employer contributions$510,131
Employee contributions$757,565
Employer contribution per active participant$1,684
Average account balance$20,832
Benefits paid to participants$453,718
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 288 accts · $510K emplr
2023$4.5M · 202 accts · $315K emplr
2022$3.2M · 125 accts · $237K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,450
Total administrative$2,450
The Ritz Instrument Transformers, Inc. 401(k) match · 2024
Employer contribution per active participant$1,684
Median for plans this size$1,313
2024$1,684 per active participant
2023$1,001 per active participant
2022$1,321 per active participant

Ritz Instrument Transformers, Inc.'s 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$2,450 · 0.05%
2023$1,884 · 0.05%
2022$900 · 0.03%
Same employer
Similar plansManufacturing · Georgia
Sargent & Greenleaf, Inc. GA$6.2M · 0.44%
Ole Mexican Foods, Inc. GA$6.2M · 0.85%
Beauflor USA, LLC GA$5.8M · 0.31%
Aquafil USA, Inc. GA$5.8M · 1.33%
Video Display Corporation GA$5.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581943935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.