Plan Ledger DOL Form 5500 · updated monthly

Romeo-Rim, Inc.401(k)

ROMEO-RIM, INC. 401(K) SAVINGS AND INVESTMENT PLAN · ROMEO, MI · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Romeo-Rim, Inc. reported $54,962 in plan administrative expenses for 2024: 0.78% of average plan assets, above the peer median. Employer contributions averaged $2,086 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 0.78%. 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 Michigan (1,745th of 2,619), and 9,897th of 13,661 in manufacturing. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has shrunk from 99 to 87 since 2022.

Plan summary
Net assets, end of year$7,530,834
Participants with balances124
Active participants87
Employer contributions$181,515
Employee contributions$405,112
Employer contribution per active participant$2,086
Average account balance$60,733
Benefits paid to participants$456,931
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 124 accts · $182K emplr
2023$6.6M · 129 accts · $208K emplr
2022$5.2M · 174 accts · $214K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,962
Total administrative$54,962
The Romeo-Rim, Inc. 401(k) match · 2024
Employer contribution per active participant$2,086
Median for plans this size$1,313
2024$2,086 per active participant
2023$2,314 per active participant
2022$2,161 per active participant

Romeo-Rim, 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.

Service providers · 20244
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$12,422
EMPOWER ADVISORY GROUP, LLC · Investment management$9,393
CBIZ BENEFITS & INS SERVICES · Contract administratorindirect 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$54,962 · 0.78%
2023$46,873 · 0.80%
2022$41,978 · 0.79%
Same employer
Similar plansManufacturing · Michigan
S'Drol Metals, Inc. MI$7.6M · 0.48%
Paragon Metals LLC. MI$7.5M · 0.11%
Miller Industries LLC MI$7.5M · 1.10%
Anderson-Cook, Inc. MI$7.4M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382438198 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.