Plan Ledger DOL Form 5500 · updated monthly

Romanoff Electric, Inc.401(k)

ROMANOFF GROUP RETIREMENT SAVINGS PLAN · GAHANNA, OH · plan year 2024

Reported admin expense ratio · 2024
1.23%

Romanoff Electric, Inc. reported $166,242 in plan administrative expenses for 2024: 1.23% of average plan assets, higher than ~90% of peers. 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 1.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,577th-largest of 3,295 plans among Ohio employers on file, and the 2,432nd of 5,337 in construction. active participation has grown from 649 to 947 since 2022.

Plan summary
Net assets, end of year$15,315,495
Participants with balances768
Active participants947
Employer contributions—
Employee contributions$2,629,377
Employer contribution per active participant—
Average account balance$19,942
Benefits paid to participants$1,187,031
Plan auditUnmodified (clean) audit opinion
AuditorBRADY WARE & SCHOENFELD, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$15.3M · 768 accts
2023$11.8M · 647 accts
2022$9.1M · 585 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$126,224
Investment management$20,009
Total administrative$166,242
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$126,225
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$40,017

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

Recordkeeper by year2
2024BENECO SYSTEMS, LLC
2023BENECO SYSTEMS, LLC

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Administrative cost history3
2024$166,242 · 1.23%
2023$121,522 · 1.16%
2022$111,404 · 1.21%
All plans at this employer2
ROMANOFF GROUP RETIREMENT SAVINGS PLAN401(k)
ROMANOFF ELECTRIC, INC. RETIREMENT PLANProfit-sharing plan
Same employer
Similar plansConstruction · Ohio
Wells Brothers, Inc. OH$15.9M · 0.13%
Americas Floor Source OH$15.6M · 0.07%
Oglesby Construction, Inc. OH$15.4M · 0.23%
Trans Ash, Inc. OH$14.9M · 0.02%
O'Rourke Wrecking Company OH$14.7M · 0.01%
Geis Construction, Inc. OH$14.6M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311020367 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.