Plan Ledger DOL Form 5500 · updated monthly

River Products Company, Inc.401(k)

RIVER PRODUCTS COMPANY 401(K) PLAN · IOWA CITY, IA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

River Products Company, Inc. reported $51,336 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $2,053 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 0.30% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Iowa (476th of 878), and 348th of 612 in mining, oil & gas extraction. In 2024, employees put in $2.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,635,352
Participants with balances139
Active participants121
Employer contributions$248,410
Employee contributions$647,227
Employer contribution per active participant$2,053
Average account balance$112,485
Benefits paid to participants$1,585,419
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 139 accts · $248K emplr
2023$14.5M · 140 accts · $280K emplr
2022$12.7M · 131 accts · $281K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,336
Total administrative$51,336
The River Products Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,053
Median for plans this size$2,416
2024$2,053 per active participant
2023$2,457 per active participant
2022$2,466 per active participant

River Products Company, 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$51,335
PRINCIPAL SECURITIES INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$51,336 · 0.34%
2023$43,417 · 0.32%
2022$42,862 · 0.30%
Same employer
Similar plansMining, Oil & Gas Extraction · Iowa
Riverstone Group Inc. IA$60.8M · 0.00%
Bmc Aggregates L.C. IA$11.0M · 0.05%
Calcium Products Inc. IA$6.8M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420493820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.