Plan Ledger DOL Form 5500 · updated monthly

Rural King Administrative Services LLC401(k)

RURAL KING 401(K) PLAN · MATTOON, IL · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Rural King Administrative Services LLC reported $186,328 in plan administrative expenses for 2024: 0.34% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,076 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 0.43% to 0.34%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 799th-largest of 3,702 plans among Illinois employers on file, and the 574th of 5,215 in retail trade. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has shrunk from 6,178 to 1,721 since 2022.

Plan summary
Net assets, end of year$59,540,685
Participants with balances1,943
Active participants1,721
Employer contributions$3,572,413
Employee contributions$6,829,448
Employer contribution per active participant$2,076
Average account balance$30,644
Benefits paid to participants$8,492,611
Plan auditUnmodified (clean) audit opinion
AuditorWEST & COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$59.5M · 1,943 accts · $3.6M emplr
2023$50.1M · 3,739 accts · $3.8M emplr
2022$38.8M · 3,749 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$186,328
Total administrative$186,328
The Rural King Administrative Services LLC 401(k) match · 2024
Employer contribution per active participant$2,076
Median for plans this size$3,635
2024$2,076 per active participant
2023$684 per active participant
2022$510 per active participant

Rural King Administrative Services LLC's 2024 employer contribution ran below the $3,635 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 · 20241
JOHN HANCOCK (USA) · Recordkeeping$79,869

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$186,328 · 0.34%
2023$330,056 · 0.74%
2022$165,350 · 0.43%
Same employer
Similar plansRetail Trade · Illinois
Empire Today, LLC IL$63.7M · 0.42%
Niemann Foods, Inc. IL$61.2M · 0.33%
The Pampered Chef, LTD. IL$60.0M · 0.31%
Arends Hogan Walker LLC IL$56.6M · 0.02%
Avalign Technologies, Inc. IL$53.6M · 0.23%
Claire's Stores, Inc. IL$52.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263520475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.