Plan Ledger DOL Form 5500 · updated monthly

Rydell Auto Center, Inc.401(k)

RYDELL 401(K) PLAN · GRAND FORKS, ND · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Rydell Auto Center, Inc. reported $79,491 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $1,649 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 0.39%. 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 106th-largest of 279 plans among North Dakota employers on file, and the 1,339th of 5,215 in retail trade. In 2024, employees put in $2.26 for every $1.00 the employer contributed; active participation has grown from 260 to 290 since 2022.

Plan summary
Net assets, end of year$22,266,490
Participants with balances335
Active participants290
Employer contributions$478,338
Employee contributions$1,079,864
Employer contribution per active participant$1,649
Average account balance$66,467
Benefits paid to participants$1,265,728
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.3M · 335 accts · $478K emplr
2023$18.8M · 315 accts · $417K emplr
2022$16.7M · 294 accts · $423K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,824
Investment management$10,236
Trustee / custodial$62,431
Total administrative$79,491
The Rydell Auto Center, Inc. 401(k) match · 2024
Employer contribution per active participant$1,649
Median for plans this size$2,416
2024$1,649 per active participant
2023$1,572 per active participant
2022$1,627 per active participant

Rydell Auto Center, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
ALERUS FINANCIAL · Recordkeeping · Trustee$69,255
ALERUS INVESTMENT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$10,236

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$79,491 · 0.39%
2023$67,160 · 0.38%
2022$74,123 · 0.40%
Same employer
Similar plansRetail Trade · North Dakota
W. W. Wallwork, Inc. ND$51.1M · 0.21%
Acme Electric Motor, Inc ND$36.0M · 0.29%
True North Equipment Co. ND$24.2M · 0.22%
I. Keating, Inc. ND$19.1M · 0.34%
Northwest Tire, Inc. ND$18.5M · 0.51%
Valley Markets, Inc. ND$18.1M · 0.49%
Midland Holding Co LLC ND$12.8M · 0.31%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 450236743 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.