Plan Ledger DOL Form 5500 · updated monthly

Rockland Industrial Holdings, LLC401(k)

ROCKLAND FLOORING & QUALITY ONE WOODWORK 401K PROFIT SHARING PLAN · RED WING, MN · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Rockland Industrial Holdings, LLC reported $53,791 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $333 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 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,182nd of 1,918), and 7,925th of 13,661 in manufacturing. In 2024, employees put in $2.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,324,807
Participants with balances203
Active participants605
Employer contributions$201,273
Employee contributions$589,383
Employer contribution per active participant$333
Average account balance$60,713
Benefits paid to participants$1,017,173
Plan auditUnmodified (clean) audit opinion
AuditorREDPATH & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 203 accts · $201K emplr
2023$11.4M · 203 accts · $222K emplr
2022$9.3M · 207 accts · $221K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,006
Investment management$26,399
Trustee / custodial$21,386
Total administrative$53,791
The Rockland Industrial Holdings, LLC 401(k) match · 2024
Employer contribution per active participant$333
Median for plans this size$2,416
2024$333 per active participant
2023$372 per active participant
2022$354 per active participant

Rockland Industrial Holdings, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$26,710
INTELLICENTS, INC. · Investment advisory (participants)$26,399

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$53,791 · 0.45%
2023$47,494 · 0.46%
2022$46,093 · 0.47%
Similar plansManufacturing · Minnesota
Northern Contours, Inc. MN$12.6M · 0.67%
The Dotson Company, Inc. MN$12.5M · 0.29%
Arrow Finishing, Inc MN$12.3M · 0.34%
Alula, LLC MN$12.3M · 0.27%
Sunrich Products MN$12.2M · 0.23%
Minmor Industries, LLC MN$12.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 342062590 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.