What are the fees in the Rule Steel Tanks, Inc. 401(k) plan?

For plan year 2022, Rule Steel Tanks, Inc. reported $80,538 in plan administrative expenses, or 1.52% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the Rule Steel Tanks, Inc. 401(k) match?

In 2022, employer contributions to the Rule Steel Tanks, Inc. plan averaged $1,919 per active participant, above the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Rule Steel Tanks, Inc. 401(k)?

The average participant account balance was $58,877 for plan year 2022, based on 84 accounts.

Rule Steel Tanks, Inc.401(k)

Name: Rule Steel Tanks, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

RULE STEEL TANKS, INC. 401(K) PLAN · CALDWELL, ID · plan year 2022

Reported admin expense ratio · 2022

1.52%

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

Rule Steel Tanks, Inc. reported $80,538 in plan administrative expenses for 2022: 1.52% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,919 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Idaho (233rd of 349), and 11,237th of 13,661 in manufacturing. In 2022, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,945,692
Participants with balances84
Active participants75
Employer contributions$143,937
Employee contributions$219,238
Employer contribution per active participant$1,919
Average account balance$58,877
Benefits paid to participants$160,555
Plan auditUnmodified (clean) audit opinion
AuditorPENSION ASSURANCE LLP

Administrative expenses, itemized · 2022

Investment management$80,538

Total administrative$80,538

The Rule Steel Tanks, Inc. 401(k) match · 2022

Employer contribution per active participant$1,919

Median for plans this size$1,114

Rule Steel Tanks, Inc.'s 2022 employer contribution ran above the $1,114 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$80,538 · 1.52%

Similar plansManufacturing · Idaho
R Y Timber Inc. ID$6.8M · 0.45%
Northwest Cosmetic Laboratorie ID$6.6M · 0.69%
Potato Products of Idaho ID$5.7M · 1.19%
Jst Manufacturing, Inc. ID$5.6M · 0.48%
Coeur Dalene Paving, Inc. ID$4.9M · 1.33%
Fresca Mexican Foods, LLC ID$4.7M · 1.26%
Great American Snacks, Inc. ID$4.7M · 0.55%
Independent Meat Company ID$4.5M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820357312 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.