Plan Ledger DOL Form 5500 · updated monthly

Running Supply, Inc.401(k)

RUNNING SUPPLY, INC. 401(K) PROFIT SHARING PLAN · MARSHALL, MN · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Running Supply, Inc. reported $97,377 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $446 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 fell from 0.38% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 671st-largest of 1,918 plans among Minnesota employers on file, and the 987th of 5,215 in retail trade. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 1,371 to 1,951 since 2022.

Plan summary
Net assets, end of year$31,559,688
Participants with balances586
Active participants1,951
Employer contributions$870,894
Employee contributions$1,603,094
Employer contribution per active participant$446
Average account balance$53,856
Benefits paid to participants$2,922,704
Plan auditUnmodified (clean) audit opinion
AuditorHOFFMAN & BROBST, PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$31.6M · 586 accts · $871K emplr
2023$28.1M · 574 accts · $861K emplr
2022$24.1M · 541 accts · $903K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,377
Total administrative$97,377
The Running Supply, Inc. 401(k) match · 2024
Employer contribution per active participant$446
Median for plans this size$2,416
2024$446 per active participant
2023$499 per active participant
2022$659 per active participant

Running Supply, Inc.'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 · 20243
MILLIMAN, INC. · Recordkeeping · Pension consulting$97,377
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)indirect comp
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$97,377 · 0.33%
2023$108,523 · 0.42%
2022$99,526 · 0.38%
Same employer
Similar plansRetail Trade · Minnesota
Astrup Drug, Inc. MN$33.7M · 0.29%
Twin City Hardware Company MN$33.4M · 0.07%
Warners Stellian Co., Inc. MN$32.2M · 0.29%
Rockler Companies, Inc. MN$31.9M · 0.20%
Hirshfield's, Inc. MN$31.1M · 0.24%
Abc Bus Companies, Inc. MN$29.7M · 0.47%
Metropolitan Corp. MN$29.1M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411000882 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.